bijoy2526

bijoy2526

Today retraced 61.8 percent of recent rally. Now it rests on the channel line through out the day Didn't violate the channel. Most of the public sector banks some private sector banks have nr7 day today searching for direction. Hence imminent break out of Bank nifty seems to be on the card, I may not post regularly here as I found out most are just viewing my...

bijoy2526

There was clear signal for intraday reversal when 3rd hourly candle was doji followed by red candle breaking the low of that doji. Bank nifty could only retrace 23.6 of recent fall after that it faced selling pressure in 3rd hourly candle with appearance of doji. Bank nifty has retraced today more than 38.6 percent of recent rise. Probability of going down to...

bijoy2526

Two positive things today happened. Though bank nifty violated yesterday's low it bounced to close above the 20 period moving average on weekly basis. It has has respected the 61.8 percent retracement level. next target for bank nifty to close above the orange line shown in the chart. Increasing FII selling certainly a matter of concern. Hence long positions...

bijoy2526

This is the last hope for bulls. if bank nifty retraces retracement will be quite fast. this is my study not any trading recommendation. please go through y recent posts. don't forget to like my post. follow me to get updates.

bijoy2526

just touched the next level. I think most of my followers must have earned earned. wait for the channel line to be touched. I will analyze and post. mean while don't forget to like my post. follow me to get updates. please watch the attached post

bijoy2526

Some more correction expected from bank nifty if it breaks the weekly low. It appears 'c' wave correction is going on final c wave should unfold in 5 wave it seems that has not been done yet. I have done detail analysis of bank nifty in daily time frame . It appears bank nifty my drop to the channel line shown in the diagram. as nothing rises in straight line or...

bijoy2526

Following observations I noticed by closely watching the structure of nifty . First time after many days It is detached from 20 dma In last 15 trading days we had only two green candles rest were red candles. After so many days stochiastic is dipping in to oversold condition. If stochiastic cross over takes place in oversold condition we can have nice divergence...

bijoy2526

It appears its retracement has ended. It may rise from here. keep it in your watch list. after its rise from July to October it has undergone correction . I was looking for this level for its bounce. It has come exactly to this level offering a buying opportunity.

bijoy2526

Both nifty and bank nifty were consolidating today and both had narrow range. let us see if expiry can prevent its expansion tomorrow. as tomorrow is expiry panic buying and selling may result in their expansions. Bharti airtel having weightage in nifty may initiate movement in nifty and sbi will be coming out with its result during market hour. will give ...

bijoy2526

with stop loss at this green candle low. It appears we can get bounce here only look for FII selling in 2nd half today. other wise set up nice for long position. one can go long with 39700 ce with strict stop loss of 190 now 218. want to connect with me? you can.

bijoy2526

Bank nifty swiftly retraced and pulled back. in nifty too correction is not going to last long. it has touched the channel line ,let us see if pulls back from here or not. if not it may fall to 38.6percent retracement zone. It appears to me nifty will bounce back soon. Keep an eye of metal sector particularly with ferrous ones this time. Indeed on Friday I was...

bijoy2526

this chart shows the retracement of wave 3 of wave 5 final wav exactly nifty has retraced 0.236 percent of wave 3 even positive earnings did not move bajfinance and titan up normally these things happen during 5 th wave .due to high valuations stocks don't turn up and down grades from rating agencies Normura then today by Morgan Stanley technically one wave up...

bijoy2526

just check it crossed all my levels even touched another level higher to that go through my yesterday's chart. what is my final target? not in the chart. have to publish again don't forget to like my post. follow me to get up dates. connect with me if you want to

bijoy2526

40550 is acting as strong resistance for bank nifty. Sustaining above 40550 targets shown in the chart can be achieved. If Friday's low is broken then we may see down side pull back or retracement at this stage is not quite unexpected. But higher targets are still in tact If profit booking does not take place after good quarterly result of ICICI bank then rally...

bijoy2526

let us hope so. it has been my next target since long. it should reach. trade with strict stop loss. it is nearing my target.

bijoy2526

normally gaps act as support. but not all the gaps are not filled up. not all the gaps formed during third wave don't get filled up immediately. nifty may bounce tomorrow. get connected with me.

bijoy2526

as updates earlier in the morning in my post nifty trying to get support at the imp level if holds on to this level trend reversal may take place. if violates today's low we may see further slide. please go through my morning update in my earlier post. picking bottom is not an easy task. don't forget to like my post. I had posted the chart in my group. and updated here .

bijoy2526

what a rally it was ,more than 1100 points ! now gives away only 58 points to bears. nothing goes in a straight line , today's open was almost high almost bearish signal. But 1st dip was bought in to but could not cross the high of today. 23.8 percent or 38.6 percent retracement of this rally is very much usual. it is an healthy signal for next rally. of course...