bijoy2526

bijoy2526 Updated 

Since some days I have been suspecting this. Recent upgrations of banks and nbfc how ever had raised a little doubt to my suspicion. On my post of sept 15 "Bank nifty end of rally" proved to be true.At that time it appeared the rally to be matured. Yesterday's post mine exactly captured the movement of Bank nifty. Devaluations of rupee playing major role. probable...

bijoy2526 Updated 

Bank nifty is already down one step. touches the intermediate line of the pitchfork. yesterday's low had exactly touched the intermediate line . yesterday being expiry ,we did observe some volatile movement. if Bank nifty violates yesterday's low it is likely to touch median line. Please go through my post of yesterday. Don't forget to like this post. follow me to...

bijoy2526 Updated 

Obviously appreciation of dollar dxy is not helping IT stocks as there is immence pressure due to economic out look in US. Our IT stocks are just the reflecting the sentiment prevailing in US. Though our banking stocks exhibiting lot more resilence our IT stocks are not. There is clear head and shoulder breakdown has taken place in infosys. Yesterday in Nasdaq it...

bijoy2526 Updated 

Recent upgrations of banks and ndfc have fuelled the rally in bank nifty. seems not to be impacted by global factors. It is also helping nifty too from not breaking down. But can it sustain enormous pressure that all indices are facing.? Pitch fork denotes the movement nicely. its movement is confined with in the intermediate lines above the median line. Let...

bijoy2526 Updated 

When bank nifty was out performing nifty IT was exhibiting little bounce. It is now declining impulsively. please see the retracements that it exhibited during its down fall(1st retracement was 61.8percent where as 2 nd retracement was only 38.6 percent) Posiible targets of this shown in the chart. if such declines take place what will happen to IT stocks? Please...

bijoy2526

Bank nifty has touched all time high today,after that we have witnessed selling presuure, incidentally as per channeling the wave 5 th of bank nifty almost touched the upper line of the channel(normally channel is drawn between line connecting 2 nd 4 th and parrallel line drawn through top of wave 3) In some cases the wave 5 does not touch perfectly the upper...

bijoy2526

Bank nifty is vehementally progressing its all time high is not far away it is 41829. Just around 400 points away. the way it is progressing the 2 nd target is almost matching my level in no time it may be again uncharted teriitory taking out all time high. It has again on monthly basis highest closing. Its wave ccount has to be reconsidered again. Don't forget to...

bijoy2526 Updated 

out performance of bank nifty continues. despite bad global clue bank nifty refused to come down. touches the target. please go through my previous published chart here in trading view. don't forget to like this post. follow me to get updates. it seems Indian stock market behaving differently to its world peers.

bijoy2526 Updated 

BEL has been one of the outperforming stock. I had this chart with me many days back. It has achieved target 3 yesterday. But at this stage my stand is neutral. It can continue its upjourney but may retrace. This is not a recommendation to short it. And this is my study not any trading recommendation. Don't forget to like my post. follow me to get updates. Please...

bijoy2526 Updated 

It is NR7 and inside day for it. this is the best perming index till now. Last month it had highest closing ever on closing basis. I think in a day or two it is again to surpass the resistance at wl1 shown in the chart. next possible target is shown in the chart US inflation data coming out soon. we can get major reaction in a day or two in bank nifty. Don't...

bijoy2526 Updated 

As predicted on my previous posts it reaches wl1(warning line) of pitch fork but could not cross it. It is short of warning sign of reversal. in many cases reversal do take place from warning line of pitch fork. Friday's candle did not enter in to the territory of bullish candle of Thrusday. and short of abandoned baby(bearish) though investopedia defines...

bijoy2526

watch my morning post. as expected it touches the WL1. Supported by sbi,and other banks. let us how it proceeds further. don't forget to like my post.follow me to get updates.

bijoy2526 Updated 

Forgetting of the fundamentals such as soaring inflation,tightening of monetary policy etc Looking at the technicals and chart,even after recovering the 78.6% of fall from 41829 october high to 32155 in march low Bank nifty is not willing to stop. It appears to be the best performing index in th world.Recent upgradation of public sector banks by rating agencies...

bijoy2526

Nifty struggling with mother candle since last 5 to 6 days. Today too it could not cross it.where as out perpermance of bank nifty continues. once it crosses the high of the mother candle it will move upward. overall trend appears to be positive. Don't forget to like this post. follow me to get up dates. Please go through my bank nifty post of today.

bijoy2526 Updated 

just watch my previous call. with in one hour it his the target. I think most here have been benefitted. don't forget to like my post. follow me to get up dates.

bijoy2526 Updated 

Indian stock market appears to be decoupled from world markets. It has been outperforming the US indices. It is likely to touch the uml of the pitch fork soom today. this is entirely my study not any trading reommendation. don't forget to like my post. follow me to get updates

bijoy2526

1)it appears some correction is going to take place in bank nifty. Recently bank nifty has recovered more than 61.8 percent (almost 78.6 percent) of the fall from october high to february low.Of course in recent fall in june did not violate february low. Is the bounce from june low to august high is a result of short covering due to bearish extreme senti...

bijoy2526 Updated 

Today buying obeserved in underperformed pvt banks Rbl bank ,Bandhan bank and idfc first bank which were underperforming the market observed buying interests. Though bank nifty had recovered 78.6 percent of its fall few days back. these banks were were underperforning. today we observed buying interests in these stocks. it appears some upside still left in these...