Candle stick structure suggests as hanging man. It is a reversible pattern provided it is followed by another bullish candle. If low of Friday day is broken Bank nifty is likely to touch target 1 shown in the chart. Today Icici bank will be declaring the result whatever robust its result may be main thing it to notice how market reacts to it. Market did not react...
Of course but it does not appear to be straight . Only 3 days decline has brought down nifty from 18350 to low of 17648. Two possible wave counts I have shown in the chart in 1 st case it is 4 th wave retracement and it has exactly bounced from prior 4 th wave of 3rd wave in ideal condition that happens in most cases. in 2 nd wave count it seems 5 th wave is...
bank nifty didn't close below uml in 5 minutes chart it was appearing impulse wave was developing if closes below uml go short please wait and see I am updating 5 minute chart in the link below. Don't forget to like my post. follow me to get updates
Bank nifty has retraced 61.8 percent of its decline. now in over bough condition. Intermediate line of pitchfork offering resistance. and divergence is there between price and oscillator. today it failed to sustain above 38550 stochastic is over bought condition but it does not mean it should decline as it has been in over bought condition for the last more...
after declare of its result and profit booking restrained it. now it appears buying taking place. in Nasdaq its all time high is more than at price it is trading here. don't forget to like this post. follow me to get updates. please go through my previous posts for infy.
It has retraced 50 percent of 3 rd wave. as long as it does no travel in to the territory of 1 st wave it is not invalidated(shown as black line in the chart) may be it is an excellent opportunity to buy on another dip on Monday. as risk and reward will be quite favorable. its result is on 12 th. don't forget to like this post and follow me to get updates.
I had asked to buy on 27 th December bank nifty has rallied too much after that sgx nifty is down 100 points hence have to think about other strategy bank nifty has recovered 50 percent of recent fall now in over bought condition Some pull back may be possible Please see attached charts. only can say about tomorrow after market opening.
its 4 th wave was triangle whose breakout has already taken place. we are in 3 rd of 5 th wave some upside still left. if triangle forms in 4 th wave after completion of of 5 th wave we can get correction. Don't forget to like my post. follow me to get updates. now a days I do post about nifty and bank nifty only. please go through the attached posts
on my last post on 27 th December nifty was just below resistance 1 I had shown 3 levels for nifty on that day nifty has crossed all the three levels and now at resistance 4(target4) It appears resistance 5 and 6 can be achieved shortly. I had asked to buy bank nifty before 10.15 a.m on 27 the December shown here as arrow mark in case of nifty. please go through...
all green candles in nifty like bank nifty targets shown as resistance 1,2,3 some pull back possible after achieving target as nothing rises in straight line today nifty retraced 61.8 percent of previous rally. Please go through my post of bank nifty. don't forget to like my post. follow me to get pdates
I was long form very beginning and had asked to go long in bank nifty. still some upside left. don't forget to like my post. follow me to get updates
watch my previous chart target 1 was touched by nifty. It was expected to retrace from that level as who had been long on it earlier they tempted to book profit. This is only retracement. follow me to get index and stock ideas. don't forget to like my post
After 1 st hour red candle nifty had a nice pull back to touch the high of today almost. Two possibilities are there. nifty crosses today's high and breaks the channel and in that case we can see target 1 and target 2 to be achieved. However after that we may get sufficient retracement to rise again. if nifty does not breaks the channel and unable to cross...
This is positive for nifty next target is center line of the channel. Of course due to expiry tomorrow there may be volatility. FII selling in cash market only 579 crores . Just imagine the day when FII turns net buyer what will happen! don't forget to like my post. follow me to get updates
Cleverly drawn channel ensures its breakout once it moves out of he channel. It appears its seventh week long correction is coming to an end. let us wait for tomorrow for another higher high and higher low Don't forget like my post .follow me to get updates
I had asked to sell at 17154 I think it just went above it 17160 today sgx nifty 17030 tomorrow down ward movement of nifty may continue or not only breaking of today's low will tell those who have position keep stop loss now 17160 critical level for nifty 17128,17159 in the upside. Today's candle is doji candle. In hourly time frame nifty is still in over sold...
Nifty is already in oversold condition how ever if panic selling continues it may go down further 17154 resistance for nifty this level can be considered for shorting with strict stop loss above 17233 if nifty gaps down may face resistance at 17074 if crosses it then may face resistance at 17154. will try to update when market opens tomorrow. This is my study...
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...