As suggested by sgx nifty which has again hit all time high today there will be gap up opening tomorrow. target 1 and target 2 may be achieved. hopes reliance will also contribute to this up move. all IT stocks has started their up move. watch for hindunilever as it has underperformed the market. and outperformance of nifty is impossible without contribution of...
it has been consolidating since 17 th February. breaking out of the channel will confirm its breaking out. today it closes above 20 dma which is positive for it. although it has formed red candle it has higher high and higher low. it appears it is going to touch the channel line soon. easy stop loss should be today's low. don't forget to like my post. follow me to...
opens at the 20 dma, Surpasses the channel forming huge green candle. FII and DII figures turns positive. it appears the trend will continue. of course reliance is also going to break the channel it self(see my reliance chart) IT stocks appear to be rallying themselves. SBI has bounced again respecting the gap it had formed after its quarterly result(not filling...
on its journey upward. it can anchor nifty to much higher level. look at the way I am tracking it. go through my previous charts. In line with my expectation always. don't forget to like my post. followme to get updates.
tatamotors from target 1 to target 6 precisely by me posted from time to time. go through my yesterdays post. go through my earlier post. don't forget to like my first. follow me to get updates
IT and Pharma sector stocks were buzzing today. nifty midcap 100 was outperforming. Auto sector again coming in to focus. after good quarterly result all the IT stocks have under gone appreciable correction fresh leg of impulse leg seems to be starting there. all most all the pharma stocks were rallying. it is appearing when rally in one sector is maturing the...
further breakout of the channel my take it to target 6 and target 7. targets 1 to 5 were achieved in my last follow up. please go through my previous charts stochiastic is now in over bought condition try to buy it in little retracement. dont forget to like my post . follow me to get up dates.
it appears this leg of correction is not going to be easy for bears or bulls. is this abc correction over? nifty has bounced from the channel line despite forming lower low. forms higher high in hourly time frame. as it appears to me there will be much more volatile in this stage.. unless the channel breakout takes place in either side of the channel. better to...
to which point this correction leads before resuming uptrend let us see. if it breaks the channel (small black) targets are S1,S2.S3.as shown in the chart. in case of channel break bank nifty may attempt to fill up the gap as shown in the chart. in case it does not break the channel wait for reversal to take place impulse wave may start well in the channel and its...
it seems its breakout of the channel may take place tomorrow. it is very positive for SAIL as both the units were loss making units. today SAIL was trading in narrow range and it is out of f&o ban for trading. above news may ignite price movement of SAIL. don't forget to like my post. follow me to get updates. check my previous posts of published earlier.
had to check the target and redraw . at this stage if it breaks out above the target only will confirm its upside movement. if ultimate break out of reliance takes place(published in my reliance chart) nifty movement may take place . IT stocks seem to have bottomed out. at present view abt nifty wait and observe tomorrow.t don't forget to like my post. follow me...
could not sustain at target 1 retraces. buy can be initiated if bank nifty breaks out of the channel and takes out recent high. if it breaks the channel down side sign of caution. if breaks out the channel in upside and takes out today's high target 2 and target 3 are possible. don't forget to like my post follow me to get updates. please go through my previous...
that it won't fall to that 1900 or below region again in near future. that is to break out of the channel shown in the chart. It touches the hurdle 1 quietly then retraces to gain momentum this time not only crosses the hurdle 2 even crosses it. let us see if it breaks that channel or not. don't forget to like my post. follow me to get updates.
much awaited breakout of reliance has taken place. watch my various posts of reliance. don't forget to like my post. follow me to get updates
watch my previous chart. it will take on nifty higher. watch my previous post . it may take time to take out this hurdle. don't forget to like my post. follow me to get such updates.
after declining continuously for 5 th day on the 6 th day again suddenly nifty changes its direction. FII buying figure 28739.17 in a single day??? in this curtailed trading hours FII pumped money in to the market. trend reversal more visible in bank nifty than nifty. in case of nifty target and target 1 seems to be possible in near term. don't forget to like my...
this is addition to my yesterday's idea of bank nifty . today its low is weekly support area. today's low is almost close to open. hence bulls seem to be taken firm position for the time being. bank nifty was unable to violate the weekly support area. unless this area is violated support 3 target may not be possible
in my last post on Saturday I had mentioned that if bank nifty violates support 1 it may fall to support 2 it has fallen below support 2 too. so strong was selling even it could not bounce to resistance zone. it is likely to fall to support 3 .Several attempts to go down was prevented as there is weekly support area in that area(shown by dashed red line in the...