bijoy2526

bijoy2526

It has retraced forming a right shoulder to the pre existing head and left shoulder. let us hope neck line breakdown does not take place after rbi policy. other wise bears will have a great party just imagining the height of head. Today my target was missed by a whisker. Any long position should be initiated at lower level with strict stop loss. I have shown only...

bijoy2526

I could have drawn channel for its movement. But for trading prospective I am using here pitch fork. bank nifty is yet to take out the resistance and it will it appears to be. probable targets are obvious from the chart. But if there is gap up we should wait for pull back. as people do book profit on gap up. Trading bank nifty is not easy task

bijoy2526

But could not look in to it. and could not capitalize channeling solves much of your problem. of course I have great regard for Elliot wave. Market profile helps in taking intraday trading decisions.. It appears to me rally of tata power is not yet over as it is associated with electric vehicle in some way. let us see when we can enter in to it. want to connect with me?

bijoy2526 Updated 

may be reached in due course if takes out the recent high. its fifth wave is in progress. this is only my analysis not any trading advice.

bijoy2526 Updated 

It has entered in to the stiff resistance zone. need to take out this zone to proceed further. In hourly time frame stochastic has entered in to over bought zone. hence need to be little cautious. I am thinking of not posting here when free ideas are available they don't have value more than 491 views of my last post but 16 likes. why to study in detail to...

bijoy2526 Updated 

Nifty has bounced from 78.6 percent of recent rally. Friday's candle stick is perfect doji pattern. Friday's candle has been detached from Thursday's candle if tomorrow we will have gap up and the price goes on rising and does not violated in to the body of Friday's candle then we will have a abandoned candle formation(please google it) and overall trend will be...

bijoy2526 Updated 

may drift in accordance to the pitch fork line, as dollar is rising fii selling being observed. bank nifty is likely to touch 37136. it appears today we wil have gap down opening as per sgx nifty. But never sell at gap down. please check 1 hour candle if open is equal to high then sell with strict stop loss at 1 hr high.

bijoy2526

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.

bijoy2526

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

bijoy2526

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...

bijoy2526

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...

bijoy2526 Updated 

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...

bijoy2526

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

bijoy2526

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.

bijoy2526

It may touch But this weekly expiry? difficult to say as option writer may not allow. let us see in which way it drifts.

bijoy2526

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...

bijoy2526

As shown in the chart. nifty looks to be strong little bit. please wait for completion of hourly chart.

bijoy2526

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