watch my last post. had predicted the target . target is hit right at the beginning. if over takes it go long in it. don't forget to like my post. follow me to get updates
As it is an weekly chart no f&o recommendation. Wave 3 seems to be extended in this case Wave 1 should be equal to wave 5 at least. Hence it may take it upper line of the channel. of course as it is an weekly chart it may take some time. I
1)On 02/07/2021/it was nr7 day for it and on 09/07/2021 it was nr4 day both represents range contraction and likely to be followed by range extensions. 2)On 02/07/2021 bank nifty was at median line but now at the line in between median line and uml. one step higher than where it was last week on 02/0/2021. 3)Interestingly stochiastic again dipped in to over sold...
1) At first instance it appeared to be expiry effect but time to be more cautious. fii and dii figures both negative today. 2)Resistance line in the chart has been acting as strong resistance today too bank nifty could not cross it. 3)Trend line 1 one has been providing support last 3 times let us see if bank nifty gets support from that line if it...
1) Touches the blue line which is an extension line of a a previous high. 2)Stochiastic is not in over bought condition in daily time frame but in hourly time frame it is in over bought condition after last red candle also. 3) some cool off expected which may bring down stochiastic from over bought condition 4)After today's big green candle with a wick some side...
please go through my previous posts. it is taking out target after target. in one post I had mentioned bank nifty has to prove its impulsiveness it is doing so to day too. it is its third wave move. don't forget to like my post. trade with proper stop loss. follow me to get updates
watch my yesterday's post. touches the target perfectly. don't forget to like my post. follow me to get updates. post is attched
1)Expansion follows contraction hence expected a definitive move from Bank nifty and range will not be narrow in coming days 2)Holds on to Median line, 1 st hour whipsaws was there on Friday and i had suggested not to sell in the beginning in my last post. 3)Us dollar had declined on Friday which is positive for bank nifty any further decline in US dollar is...
1)It appears strengthening of dollar is having adverse impact on Indian stock market. 2)FII withdrawal may continue if DXY continue to rise further incidentally it has over taken it's recent high after bouncing from 200 dma 3)Bank nifty is right on the median line Stochiastic is in over sold condition. No divergence is there 4)Two day's back divergence could...
It seems initially it is performing as detailed by me. don't forget to like my call. follow me to get updates. for my yesterday's post. Go through my yestrday's post
1) Stochistic is in over sold condition and cross over there. 2) Divergence found between price and oscillator. 3)when price makes higher high and oscillator makes lower low powerful hidden divergence takes place. 4)Trend reversal expected tomorrow. 5) Stop loss should be if hourly candle close below the lower trend line exit the long position(trend line...
every body was expecting it to rise. Normally market never rise as every one expect. It appears yesterday was a shake out day. Still I expect BANK NIFTY to rise. stop loss should be Friday's low That is around 34900 .
1)likely to extend its up trend. 2) Reliance again falling to buying zone (not much further fall expected from it) 3)Nifty may start rising again with support from Banking stocks, IT stocks, and may be Reliance.metals 4)targets shown in the chart may be achieved in coming days, 5)Thursday was NR7 day for Bank nifty and we witnessed huge rally on Friday 6) So...
1 After so much over lapping it has clear higher high in daily time frame. 20 I t tried to cross the channel line but could not succeed again retraces back in to the channel. 3)After achieving recent high on 16/02/2021 its selling took place continuously and fall was arrested at on 19/04/2021. 3) Its recent rise from19/04/2021 till date comprises over lapping...
if crosses yesterday's high short covering may take place. It may go to resistance 1. this is update for expiry. how ever if it falls back inside the line its breakout will become futile. don't forget to like my post. follow me to get updates. please see related ideas
just as analyzed before bank nifty struggles to come over the resistance at imp line 1. let us see if it can cross that . don't forget to like my post. follow me to get updates. please go through my earlier posts
1 forms lower high, on Friday it had formed lower low. 2 closes below 20 dma unable to sustain at high price selling observed, 3 the recent up move from Monday does not appear to be an impulsive move if one checks in hourly time frame. 4 One lesson I had said in my last post that till now this market is not for buying at gap up and selling at gap down. 5 .Bank...
1)Smart pull back from low closes above the Uml of the pitch fork(shown as imp line 2) on Friday. 2)Bank nifty had been facing resistance at the imp line 1 slanted line which is a part of the extension of pitch fork. 3)US dollar surging past the 200 dma with strength, is negative for equity market which was obvious in US market with Dow declining more than 600...