bijoy2526

bijoy2526

1)Stochiastic is not in over sold condition. 2)Any dip towards the lower line of the channel can be bought. with strict stop loss if hourly candle closes below the lower line of the channel. 3)Prior bullish move supports only buy on dip. only volume not supporting this bullish move 4)If in deed bulls are in control bank nifty may try to rise as per the set up...

bijoy2526

1) Red line was there in the chart it was obviously target 5. 2)Out of seven hourly candle of today 1st candle was hammer 2nd huge green candle took out the high of the 1st candle it crossed the target 4 and touched target 5.Todays 3 rd candle was doji candle it was followed by a red candle which has a large wick. This red candle has been shown at the arrow...

bijoy2526

defying last hour decline yesterday hits back to achieve my target of target 4. cheers for this moment. don't forget to like my post. follow me to get updates. watch my previous posts.

bijoy2526

watch my morning post. do n't forget to like my post. follow me to get updates.

bijoy2526

hence target 2 ,3 and 4 opened for it now. trade with proper stop loss. Of course always try to minimize risk by hedging. don't forget to like my post. follow me to get updates. go through my previous ideas

bijoy2526

go through my previous posts of 10/07/2021. had picked up its trend earlier. want to know what are other targets? don't for get to like my post. follow me to get updates

bijoy2526

remember if crosses today's high target 1 as shown in the chart. again don't forget if crosses today's high only. don't forget to like my post. follow me to get updates.

bijoy2526

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

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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

bijoy2526

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...

bijoy2526 Updated 

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...

bijoy2526

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...

bijoy2526

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

bijoy2526

watch my yesterday's post. touches the target perfectly. don't forget to like my post. follow me to get updates. post is attched

bijoy2526

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...

bijoy2526

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...

bijoy2526

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

bijoy2526

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...