bijoy2526

bijoy2526 Updated 

I had mentioned three targets for Reliance which were successfully achieved .The targets were revealed to my closed ones. It appears its five wave up move has completed . It may correct in coming days. risk to reward is highly favorable. This is not any trading recommendation. This is my analysis only of course my position will be as per my analysis. Let us watch...

bijoy2526

It has touched my target perfectly , I am hoping it to calm it down now. Even I was expecting it to break below 2319, but it didn't . May I have to work out another target for it? Adani is profitable trade during its up ward journey and during its downward too. Adani is one of the strongest stocks in f&o. It took months for its break out. As so, as swift it has...

bijoy2526 Updated 

Last night I had posted about nifty and likely hood of its range expansion. 1st hourly candle was red obviously in the current scenario when there is gap up people do book their profit. After 2 nd red candle (hourly)which was doji and small I was sure of trend reversal at that 17250 ce was trading at 10-11. But I was sure of break out nifty rallied from 17120 to...

bijoy2526

Had you gone through my posts of yesterday? Had predicted the range expansion of nifty and uptrend of bank nifty. It appears bank nifty may take out the resistance line to touch the 20 dma.(20 dma shown in the chart) Look at the stochiastic it is supporting it. divergence between the price and oscillator(angle between the lines) and fii has turned in to net buyer...

bijoy2526

well on the 4 th day I expect range expansion. we may get appreciable movement tomorrow. It is possible it may rise tomorrow . Next target should be 200 dma. which should be immediate target. If it trades above 17076 it will be positive for it. and trading below 17022 will be negative for it. Next immediate target should be 17145,200 dma is at 17212. I think some...

bijoy2526

If I ask you ,you will say no. I know. my close followers have earned handsomely in long side when the target when my final target 2407 was hit yesterday. I was thinking of shorting it after that but didn't. But it came down today. This may be just pull back but this pull back may drag it below 2300. This is not any recommendation to short in f&o. This is only my...

bijoy2526 Updated 

It is trading below it 200 and 20 dma which is quite negative for it. stochiastic has been dipped in to over sold zone. and some divergence between price and oscillator is observed. some pull back to 36335 is expected ,and sustaining above that it may go to higher levels. main problem for Indian market is rising dollar which is now approaching 105. FII out flow is...

bijoy2526

it has not yet decided to which direction it should move. clearly divergence found in between price and oscillator. so it should come down. Hold on .you must have been taught about divergence . But when an instrument stays there for 4 to 5 bars in over bought condition. on slight decline it bounces back. .Bank nifty going to give decisive move before...

bijoy2526

we expect move from nifty in coming days. Breaking below last week's low may drag it more down side. unless it trades above 17190 and closes above it is is not positive for it. If it breaks the median line more downside we can see. Imp levels to watch for tomorrow are 17013 and above it 17169,and 16980 which will act as resistance for it .and 16947 as...

bijoy2526

Despite selling Yesterday Bank nifty has not violated recent low that is 35926 Dow is down more than 1000 points on worries of interest rake hike. Today Icici bank has come out with decent earning beating street estimates. Can this arrest the down fall of bank nifty? when the whole world will be selling than Icici bank result may not be a factor. But as long as...

bijoy2526

Two days back I had posted about it when it was at critical juncture. Just remember Elliot wave wave 2 should not violate the low of wave 1. I had drawn a horizontal line for recent low. Had it violated that line it would have become disasters for hdfc bank and bank nifty too. well I accept no more decline from it. This is weekly chart hence it can not be...

bijoy2526

how was my post of yesterday? It was a perfect trading set up. If you fear to buy at low then when would you like to? At high when market rally becomes matured and struggling at a resistance line? Not you rather I say we almost all retailers jump in to the market after witnessing a spectacular rally. we are ready to buy when nifty is at 18100 but not willing to...

bijoy2526

long nifty next target 20 dma which is around 17465. stop loss should be recent low. Reliance appears to be heading towards all time high. it is NR4 day for nifty. I don't see further down side. we have got around 50 percent of pull back of recent rally. Don't forget to like this post. follow me to get updates

bijoy2526

the above chart displays the power of pitch form. pitchfork predicts such targets some times it is beyond some one's imagination. this pitch fork is on weekly chart. It has touched lml of the pitch fork today perfectly. Hdfc bank is at critical stage now with further fall it may violate the recent low. That will disturb whole structure of its recent rise prior...

bijoy2526

please go through my last post of SAIL on 18 th April. It touches the median line perfectly and bounces. now next is Hindalco of course not publicly published here. Don't forget to like my post. follow me to get updates

bijoy2526

Please go through my update of my last post of HDFC bank. it has touched the target perfectly. It has to reverse here otherwise more down side to lml and not good for bank nifty too. slow and steadily it is spoiling the structure of bank nifty. follow me to get updates. don't forget to like my post

bijoy2526 Updated 

20,50 and 200 dma have converged with each other. At present 50 dma (black) has crossed below 200 dma (red) dead cross over 20 dma (greeen)has crossed above 50 dma and bank nifty has closed below 200 dma and 20 dma this type of occurrence has happened after many days perhaps after October 2020 in that case there was golden cross over 50 dma has crossed above 200...

bijoy2526

Likely to correct and touch the median line. Some retracement expected. I had recommended to buy 110 ce when it was crossing 100 That ce had touched from 1.6 to 6. now it appears SAIL may correct a little bit.