bijoy2526

bijoy2526

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 .

bijoy2526

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...

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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...

bijoy2526

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

bijoy2526

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

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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...

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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...

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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...

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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

bijoy2526 Updated 

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...

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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

bijoy2526 Updated 

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

bijoy2526 Updated 

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...

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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...

bijoy2526

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...

bijoy2526 Updated 

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...

bijoy2526 Updated 

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

bijoy2526

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...