going ahead and fulfilling its targets. it is moving opposite to bank nifty. touches the upper line of the channel. don't forget to like my post. follow me to get updates. want updates connect with me.
its movement is as per the pitch fork line. opened at wl and now touched the one line below median line. that line offering resistance if it takes out that up side possible. my analysis of SAIL and tata steel proving as per expectation. don't forget to like this post. follow me to get updates
Consecutive two NR7 days yes great move was expected. In immediate update I had advocated to put stop loss for any long position. Vital black line indeed a critical line of the entire move of bank nifty. Incessant selling today brought bank nifty to wl line of the pitch fork. I was expecting a bounce from that line and 37400 ce value jumped sub 300 level to...
and not willing to detach from the support. It has corrected from 52 week high. SAIL planning to go for expansion of its capacity of crude steel from 50MT from approximately 20Mt. has been decreasing its loan burden constantly. rising coking coal price may impact its profitability . as it imports coking coal for its production. But it appears to me it may not go...
two days ago I was predicting bank nifty may outperform nifty In a private group. It had happened yesterday Normally after two days of congestion bank nifty use to give appreciable move. It is not illogical to expect that move today. Of course past performance is not always 100 percent predictive for future. At least we can hope so. Asian market trading mixed. All...
It has retraced on Friday it should not breach recent low. It should not breach the channel line as shown in the chart. I assume it will not. let us see if it pulls back or not. please go through my previous chart of tatasteel. all levels are obvious in the chart. Don't forget to like this post. follow me to get updates
Idea was published this morning. target achieved for today. let us see what happens next. if you wish you can connect with me. don't forget to like my post.
It may touch But this weekly expiry? difficult to say as option writer may not allow. let us see in which way it drifts.
unlike bank nifty in nifty it appears pull back was shallow. after 1 st hour candle we had a pull back which was not deep. This shows inherent strength in nifty. nifty can resume its uptrend. stop loss should be yesterday's low. Incase od bank nifty we had comparatively more retracement. It appears we will have gap up opening in nifty. Don't forget to like my...
As shown in the chart. nifty looks to be strong little bit. please wait for completion of hourly chart.
Let us see if it can in coming days It is in perfect buy zone unless it breaks the channel. Tata steel too has bounced from the channel. I
The low of today might be the start of fifth wave If so it is first wave. But we should not jump at the conclusion that there will be straight away rally. some pull back is likely. and let us be ensured that the today's low is not violated. dollar index is rallying and dow has corrected from in real market trading. Hence we can get an opportunity to enter at low...
here mentioned possible targets of nifty if it breaks down tomorrow. please trade with proper stop losses. Today there was initial bounce was very powerful even it had covered all the losses. But after noon sell off brought down nifty to ml of pitch fork. If it breaks down below Lml possible targets shown in the chart. It appears morning bounce was b wave and now...
Today's my first morning pick was tata steel. Only ferrous stock which was still trading above 20 period weekly average. When I found dollar dxy was rising this morning had shared with some closed group of people about its possibility of down fall. Further break down of it is possible. channel break down is possible.
ok before writing some thing please refer to my chart published on august 5th in trading view( NIFTY a simple picture in daily time frame.) I had thrown overall picture of nifty here for my followers and general viewers here. Some of of my my followers (he or she may be) are very hard working I like their efforts. Now a days they are publishing correct Elliot...
It appears to me before any pull back still some rally left. But it has rallied much hence ,trade on your own risk. Happy trading. I do remember the day It was 7 th sept.it had bounced and I had posted about the possibility of down trend over. Trading bank nifty is not so easy as sharks in the stock market eagerly wait for small preys and after that they...
Around 8.50 a.m. I posted here. mentioning the target. It opened around 266 and dipped a little and crossed 268 . when it crossed 268 yesterday's market profile value area high. I expected it to touch my target. yes it did happen ,in the first hour itself it touched my target. I squared of all my positions around that. after that it started retracing. This post...
need hourly channel to close above it. It appears if it crosses above it it may take place with appreciable volume. as bears are protecting it . Have you seen my zee call today.