bijoy2526

bijoy2526 Updated 

after lot of volatility it manages to settle above trend line. today it opened just above the trend line and dropped to trend line and rallied to make high then dropped below the trend line and recovered to close above it it may test recent high and if crosses that may touch the resistance line. This is my study not any trading recommendation. I was initially in...

bijoy2526

It appears SAIL ready for a bounce. though its impulsiveness yet to be proved at least we can get three wave bounce from here. if it bounces in five wave we can be sure of its uptrend. follow me to get updates. don't forget to like this post.

bijoy2526 Updated 

trend line proved too much it. Bank nifty just cooling down from over bought zone (stochiastic) I was observing in 5 minutes time frame its high was to touch the trend line in the 1st hour towards the end it went near it and then subsequent fall took place. Baring last hour it was trading in a tight range. It appears if it breaks today's low it will go back to...

bijoy2526 Updated 

Please recall my post of 20 th January. I had suggested two probable wave counts. 1st one was it mat be 4 th wave retracement of third wave. But as it has invaded in to the territory of 1st wave that is not valid. 2 nd one I had mentioned that nifty may have completed 5 wave and it is 2 nd wave retracing, I had mentioned that clearly but only problem there was I...

bijoy2526 Updated 

seventy five percent of the targets reached already . how do you like this? don't forget to like this post. for more updates follow me.

bijoy2526

Watch after touching the target it is retracing little bought 37100 pe 383 sold at 503. don''t forget to like this post. follow me to get more updates

bijoy2526

7100 pe up from 34 to 114. no further selling at this stage, please wait for pull back. follow me to get updates. don't forget to like this post. please go through related ideas on nifty and bank nifty

bijoy2526 Updated 

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...

bijoy2526 Updated 

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...

bijoy2526 Updated 

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

bijoy2526

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...

bijoy2526

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.

bijoy2526 Updated 

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.

bijoy2526

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.

bijoy2526

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

bijoy2526 Updated 

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...

bijoy2526

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

bijoy2526

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