bijoy2526

bijoy2526

only 25 points ahead. please watch it. trend line extends to it. I had been tracking it for last three days.

bijoy2526

Expanding triangle observed during consolidation. I have hidden the pitchfork for clarity. divergence seen between price and oscillator. In case of long position extended a c e trend line should be the stop loss.(around 35510). But trade with your manageable stop loss . Today it violated the recent low in single hourly candle and managed to pull back.

bijoy2526

It forms higher high and lower low on daily basis but it was non trending day Uml of the pitch fork restricts it I had mentioned if it closes above uml of pitch fork to buy it. 1st hour candle had closed below the uml, No other hourly candle could cross above the high of 1 st hour. towards the end hourly candle violated the low of 1 st hour candle Immediately it...

bijoy2526

Three days of consolidations and forming 3 inside bars of mother candle. It may break out to the upside once uml shown in the chart is taken out in closing basis. Same set up as it had formed inside bar few days ago .Today's low though lower than lows of previous two days, its high is higher than the high of previous two days. One can go long if uml is taken out...

bijoy2526

now it is 1522 It appears people here are only viewing calls. not liking good calls. you won't get such high probability calls anywhere else I had stopped publishing stock specific calls. don't forget to like my calls. follow me to get updates. go through my morning post of adani ent

bijoy2526

beaten down stock if rises much upside there. don't forget to like my post. follow me to get updates. this is high volatile stock. stop loss should be today's low

bijoy2526

Have omitted previous 1st,2nd and 3rd wave of ongoing 5 th wave (1) from last year. Shown the consolidation of the 4 th wave and start of 5 th wave . With in fifth wave there was consolidation in the 4 th wave. Now we are in the 5 th wave of the final 5 th wave(1) It should touch the upper end of the channel and even break out of the channel. How ever in monthly...

bijoy2526

yes it must be as it is preforming. But it starts preforming when people starts hating it. and it ditches when people starts liking it. please go through my post bank nifty again it is inside bar... it took it around 3 days and there was huge break out . Understanding its nerves is not so easy. then what next? It has been restricted by the channel now. as per me...

bijoy2526

I had published the weekly chart of bank nifty when I found some one talking about truncated 5 th wave when wave 3 is yet to be taken out but truncated 5 th wave.?? most of the traders here are novice they just don't know when some one uses theses words like truncated 5 th wave. only my two posts perhaps it seems every thing here have been set right here. only...

bijoy2526

three days back I had posted about bank nifty. go through my post of 29/07/2011 Till now it appears break out of bank nifty taking place in the upside. In all circumstances today's low should be stop loss.

bijoy2526

Bank nifty delivers when all starts hating it. this down turn of bank nifty exactly takes support at the 200 period moving average in 4 hrs time frame.(the chart I have published in 4 hrs time frame) It appears 2 nd wave retraced 78.6 percent of 1st wave. 1st wave being a leading diogonal. Bank nifty may come out of congestion with in coming days. I had stated in...

bijoy2526 Updated 

Bank nifty could not cross above 100 period moving average in hourly time frame, Chinese declined consecutively for the 2 nd day some how its impact is visible in Indian market and others market too. Hang seng market has crashed below 200 dma. how far other markets will be untouched it is to be seen now. In hourly time frame of bank nifty diagonal is appearing as...

bijoy2526

Chinese crack down on technological and education stock and rise in covid cases in Indonesia,japan some how restricted bank nifty. Better way to approach to bank nifty is to go long on it with hedging that will restrict the loss if market reacts negative to the international factors if any thing emerges Right now bank nifty is very much in the buying zone after...

bijoy2526

On there occasion I had expressed my view at the week ends. This time on 23/07/2021 It appears down trend of bank nifty has been arrested. On 20 th July it made a low of 34357,Twice it attempted to break that low on both occasion it failed to do so. Pitch fork it self depicts the trend reversal. Bank nifty has fallen all the way from uml (upper median line) to...

bijoy2526 Updated 

Are you confused still? this weekly chart presents a vivid description of the whole on going wave counts. we are up in three waves then we had a pull back in wave 4 which is 38.5 percent of wave 3. Incidentally we had a pull back in wave 2 which was around 61.8 percent of wave 1. Only we are waiting for the on going wave 5 to take out the high of wave 3 Coz only 3...

bijoy2526 Updated 

It appears it is 4th wave of on going 5th wave in progress. Nifty has strong support at 15539. It appears to be a correction how ever if nifty breaks the pivot shown in the chart more down side may be on the card. At present I am neutral on it looking for a bounce. But if it breaks 11450 then another 100 points fall . may take place.

bijoy2526

Target 1 and target 2 of my last post were achieved in its correction. Bank nifty has strong support in the range of 34120-34160. It should not break the pivot shown in the chart. If it breaks the pivot much lower levels may be possible. Much depends on how dollar movement is taking place. Bank nifty chart is little bit more complex than nifty. It is declining...

bijoy2526

1)The way HDFC BANK has closed below 100 and 50 dma It is a great blow to bank nifty. 2) Dow jones is tanking more than 900 points right now. 3) Indian stock market was among few emerging markets which was performing well. today's decline and with another day's decline will disturb whole structure of the market. though stochiastic is in over sold condition in...