bijoy2526

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This is one stock which is loved by fii and reverse too. after touching 1700 plus after that mega merger it is declining continuously. Its wave counts more or similar to bank nifty of course it has declined much in comparison to bank nifty. with declaring robust result can it rise? it is falling little short of 61.8 percent retracement level can it touch and...

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It gapped up on Wednesday , Tried to cross the channel line but failed. Of course the structure of bank nifty has not violated yet. Still it is forming higher highs and higher lows. That it is in uptrend. next clue we should look for how bank nifty reacts to weak global clues. Most important Hdfc bank result which is schedule to come out today. Hdfc bank has...

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ITC was once a favorite of all. After consolidation of years it has stared its up journey. It has one way rally since February and paused for some days recently. it seems to continuing its up journey recently. much higher levels are possible as shown in the chart.

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clearly bank nifty is forming a triangle. we are now towards the lower end of the triangle. expecting a reversal from point e. however if it breaks point a much more declined may be expected. Tringle forms normally in b wave or 4 th wave. tomorrow it will be clear . Don't forget to like my post follow me to get updates

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But it is yet to cleat the upper line of the channel. we have only 3 trading days next week hence we may not expect any firework from bank nifty next week. Last week the weekly range of bank nifty was very narrow it was 1419. But as we have only three trading days next week can we have a range expansion next week? Really difficult to answer. Up trend in bank nifty...

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of course I had detected this three weeks back and shared with few people. It has potential to rise further. please keep an eye on it. Buy it at every pull back.

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But we desire more. for many days I had not found three consecutive nr7 days in bank nifty. At best I had found 2 nr7 days consecutively. Of course two days expansions justifies that But I don't think this is going to stop here. As obvious channel line has broken already. Not only I do keep close watch on narrow range days But also I do study as per Elliot...

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On last Sunday I had published about bank nifty about the probability of it's range expansion. Last week range was NR7 . and consecutively it has been trading in narrow range for the last 4 days. I was expecting its expansion this week. Today just before market opening mood was quite sombre as world market view was not good at all. Dow had declined 500 points over...

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and weekly range which is narrowest in last seven week. It appears range expansion of bank nifty may take place in coming days. as stated in my last post it was supported by 20 dma. It may now try to cross 200 dma now. It is underperforming nifty and it may have catch up rally. major indices like dow nashdaq nifty bank, nifty all are facing resistance at 20 period...

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Stochiastic is in over bought zone and divergence(hidden) there. it is likely it may correct a little to touch 20 dma. closing below 20 dma will be negative for it. clear divergence between bank nifty and nifty is there. Nifty is clearly trading above 200 dma where as bank nifty is drifting towards 20 dma. how ever if nifty has to rise bank nifty must...

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yesterday it got support from 20 dma and had bounced from that, and today it touched 200 dma and retraced. let us see which event takes place earlier whether it closes below 20 dma(negative) or it closes above 200 dma on daily basis(positive) Tussle is now going between bulls and bears. of course uptrend is still in tact. It is proceeding with higher high and...

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Resistance shown in the chart to touch target 1 and 2. the recent correction was a flat correction. It appears it is emerging out of the correction. don't forget to like this post follow me to get updates

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Defying the yesterday's bearing engulfing pattern Today nifty again confirms the uptrend again. Even nifty violated Yesterday's low Please check carefully its low touched target 2 and from there it bounced to touch target 3. Taking out the target 3 it may touch next target. I had posted when nifty has broken out of the channel few days back. Of course the...

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just before fomc meeting in usa. nifty has touched 200 dma now this is turn of bank nifty. axis bank kotak bank bank of baroda canara bank all had nr 7 day today. Today though bank nifty had gapped up iit has narrow range only 335 points. tomorrow we can have appreciable move in it. Don't forget to like this post follow me to get updates

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Nifty crossing the trend line has closed above 20 dma should touch 200 dma at 16974 it is breaking out of Diogonal and face some resistance at 17000. Diogonal in c wave predicts trend reversal. Support for nifty are 16839,16749 and 16659 if trades below 16650 it will be negative. Don't forget to like this post. follow me to get up dates

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Friday's candle was nr 7 day candle. 1st hour candle was wide range candle (initial balance was wider) and high and low of that candle could not be broken through out the candle, indecisive trading with lot of volatilities. I had presumed from the very beginning. Only one trade was taken but stop loss was taken out after that it hit my target. I had a conservative...

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Market do offers such opportunities. and I was looking for such one. When I found bank nifty struggling at the centerline of the channel I checked the weekly POC just coincided with that zone 34800 PE was trading at around 40. I found bank nifty was consolidating in that zone and hourly stochiastic in over bought zone I smelt some thing bearish channel break...

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Please go through my previous post of March 5 th. Today's high was 129.5 my target was 130.4. may be one point drawing error. do you agree? follow me to get updates in stocks and indices. Don't forget to like this post. The post of arch 5 th has been attached here with.