bijoy2526

bijoy2526

to which point this correction leads before resuming uptrend let us see. if it breaks the channel (small black) targets are S1,S2.S3.as shown in the chart. in case of channel break bank nifty may attempt to fill up the gap as shown in the chart. in case it does not break the channel wait for reversal to take place impulse wave may start well in the channel and its...

bijoy2526

it seems its breakout of the channel may take place tomorrow. it is very positive for SAIL as both the units were loss making units. today SAIL was trading in narrow range and it is out of f&o ban for trading. above news may ignite price movement of SAIL. don't forget to like my post. follow me to get updates. check my previous posts of published earlier.

bijoy2526

had to check the target and redraw . at this stage if it breaks out above the target only will confirm its upside movement. if ultimate break out of reliance takes place(published in my reliance chart) nifty movement may take place . IT stocks seem to have bottomed out. at present view abt nifty wait and observe tomorrow.t don't forget to like my post. follow me...

bijoy2526

could not sustain at target 1 retraces. buy can be initiated if bank nifty breaks out of the channel and takes out recent high. if it breaks the channel down side sign of caution. if breaks out the channel in upside and takes out today's high target 2 and target 3 are possible. don't forget to like my post follow me to get updates. please go through my previous...

bijoy2526

that it won't fall to that 1900 or below region again in near future. that is to break out of the channel shown in the chart. It touches the hurdle 1 quietly then retraces to gain momentum this time not only crosses the hurdle 2 even crosses it. let us see if it breaks that channel or not. don't forget to like my post. follow me to get updates.

bijoy2526

much awaited breakout of reliance has taken place. watch my various posts of reliance. don't forget to like my post. follow me to get updates

bijoy2526

watch my previous chart. it will take on nifty higher. watch my previous post . it may take time to take out this hurdle. don't forget to like my post. follow me to get such updates.

bijoy2526

after declining continuously for 5 th day on the 6 th day again suddenly nifty changes its direction. FII buying figure 28739.17 in a single day??? in this curtailed trading hours FII pumped money in to the market. trend reversal more visible in bank nifty than nifty. in case of nifty target and target 1 seems to be possible in near term. don't forget to like my...

bijoy2526

this is addition to my yesterday's idea of bank nifty . today its low is weekly support area. today's low is almost close to open. hence bulls seem to be taken firm position for the time being. bank nifty was unable to violate the weekly support area. unless this area is violated support 3 target may not be possible

bijoy2526

in my last post on Saturday I had mentioned that if bank nifty violates support 1 it may fall to support 2 it has fallen below support 2 too. so strong was selling even it could not bounce to resistance zone. it is likely to fall to support 3 .Several attempts to go down was prevented as there is weekly support area in that area(shown by dashed red line in the...

bijoy2526

as posted two days ago negative closing abt bank nifty, bank nifty is in a retracement stage. bank nifty today violated the channel for the short time takes support on support 1 and pulls back in to the channel. any further pull back might face strong resistance by the resistance zone. how bank nifty behaves in that zone it is to be seen if it fails in that zone...

bijoy2526

please go through my yesterday's post. bank nifty touches boundary of the gap existing before and target 1. any one who has earned from my call?don't forget to like my post. follow me to get updates. don't forget to like my post.

bijoy2526

closes below 20 period moving average in hourly time frame. unless it closes above 20 period moving average in hourly time frame more down side may be possible. for the time it appears to be negative only positive if it closes above 37340 prior green bar candle. if it breaks down of the channel next support comes at 36000 around. some short term correction seems...

bijoy2526

after 2 days of minor retracements reliance again tries to cross hurdle 1. clearing this hurdle will take reliance to hurdle 2. main support for nifty is reliance now and it is in positive tune. if it takes out today's high it may go to hurdle 2. let us see if this momentum in reliance lasts tomorrow or not.

bijoy2526

as expected bank nifty touches target 12 and profit booking observed there when ever sgx shows a flat opening and gap up opening happens in real profit booking is normally observed. still one can go long with stop loss below 20 period moving average in hourly chart. conservative traders may go long when today's high is taken out only. don't forget to like my...

bijoy2526

well accompanied with sbin as said in my yesterday's post it may touch target 12 soon. don't forget to like my post follow me to get updates. break out of ais bank and icici bank too as suggested earler.

bijoy2526

of course it is exhibiting red if we look at the weekly chart it appears different. for the last three days it is forming higher high and higher low. though fii buying figure has reduced so also dii selling figure. target 2 can be achievable it appears IT sector seems to be turning around though in case of hcl tech and tcs selling observed from high. how...

bijoy2526

it has come out of congestion of NR7 day before. among its constituents both icici bank and axix bank exhibiting very positive chart. sbi testing its resistance zone if it overcomes it its upward will continue. pnb is lagging and both hdfc bank and kotak bank showing consolidations. if bank nifty overcomes resistance at target 11 target 12 is possible. for any...