Gap up opening selling observed from the beginning. Positive. Still holds on to 20 period moving average in hourly time frame. forms higher low still has not violated recent low and has not violated the center line of the channel. closes just above the critical support shown in the chart. Negative. forms bearish candle stick in weekly time frame. Needs...
May bounce from point 'e' shown in the chart. It may fall in 3 wave to point e. It is undergoing consolidation after huge rally . Don't forget to like my post. follow me to get updates
My morning call rocked. In my yesterday's post I had expressed apprehension about center line reversal of bank nifty, Bank nifty didn't violate yesterday's low. I quickly picked up the clue and posted in bank nifty future section about the reversal and posted the target also. It successfully hit the target. Bank nifty 34800 PE trading at around 1020 came down to...
watch my morning post . was expecting to touch the median line. at last it touches the target. I will write in details in the evening. don't forget to like my post. follow me to get updates
forming triangle if breaks target may be achieved. expiry day trading lot of volatility will be there. trade according to your risk with proper stop loss. it is bank nifty future chart. don't short bank nifty if it does not break yesterday's low
It lacks the steepness of third wave. Look at the curve. if it breaks the center line of the channel it may touch target 1 and target 2.(ensure center line of channel is broken) Most of the banks declined today. Let us if there anything comes as huge positive to boost bank nifty. SBI seems to be correcting. It has enough space to fall to 409-405 zone. private...
After huge rally from 14151 to 15800 it appears nifty is pulling back a little. It seems 3 rd wave has ended unless tomorrow huge rally takes place taking out the high of today or today's low is not broken. If today's low is broken we can be confirm of the pull back to target 1 and target 2. In that case Nifty can touch the 20 dma too. my view is neutral to...
It has to break out of the channel While Reliance is taking a breather before commencing its up journey again. SBI just retracing a little due to Rbi effect. It appears upward journey of nifty will be resumed again. But Bank nifty may outpace nifty as it has more catch up rally, still to surpass its all time high. Always it is better to ride with the trend in...
on 28 th may I had predicted this great rum by reliance When Reliance was below 2100. As usual I was watching the you tube video of one of the great option writer of India . He is from south India. He was saying that nobody knew that Reliance would return 300 points with in few days. But here in trading view the little known analyst had predicted on 28 th May...
Nice cup and handle or inverted head and shoulder pattern or rounded bottom formation or channel break out. In several way it can be expressed in old chart school style. it is its fifth wave in progress in terms Elliot wave. don't forget to like my post. follow me to get updates. please go through my attached posts
Had you bought it when it fell to buying zone? as expected Reliance again rocked as mentioned by me last night post. I had expected nifty to pull back to the zone of 15430-15480 and had clearly mentioned to buy in that zone. I had spoken about Reliance and ITC. ITC result was not welcomed by the market. if you have followed my chart you must have bought in to...
gap up opening and sold from high. still maintains the up move. in hourly charts seems to be consolidating around the black line shown in the chart. if breaks today's low may fall to 15430-15480 and that is the buying zone. otherwise if breaks today's high may break the channel in that case target is shown in the chart. in both cases the up move is intact . after...
go through my previous post. just at striking distance from the target. don't forget to like my post . follow me to get updates. go through my call for reliance rocking now
last night I had studied its chart. and traded it just at the beginning and holding position. I had expressed my opinion that reliance will help nifty in its present rally. let us see how far it proceeds. do n't forget to like my post. follow me to get updates.
just remember what I had told on 22 nd may. Don't forget to like my post. follow me to get updates. watch my previous posts
Have you observed the target 4 of my May 24 post is touched today? today as expected nifty tested the Resistance of my previous post which happens to be my target 4. yesterday's movement of nifty was only to get rid of weak retail traders. tomorrow due to expiry still will there be volatile or one way direction? the direction is already established. But will the...
today's open is almost equal to high. selling observed at the opening almost. today in nifty 32 stocks advancing where 18 stocks declined. nifty has taken support at 20 period of moving average in hourly time frame. 15175 is imp level to watch. today it has closed above this. nifty forms higher high and higher low yesterday's low has not been violated. how ever it...
Idea published on Saturday. don't forget to like my post. follow me to get updates