as posted two days ago negative closing abt bank nifty, bank nifty is in a retracement stage. bank nifty today violated the channel for the short time takes support on support 1 and pulls back in to the channel. any further pull back might face strong resistance by the resistance zone. how bank nifty behaves in that zone it is to be seen if it fails in that zone...
please go through my yesterday's post. bank nifty touches boundary of the gap existing before and target 1. any one who has earned from my call?don't forget to like my post. follow me to get updates. don't forget to like my post.
closes below 20 period moving average in hourly time frame. unless it closes above 20 period moving average in hourly time frame more down side may be possible. for the time it appears to be negative only positive if it closes above 37340 prior green bar candle. if it breaks down of the channel next support comes at 36000 around. some short term correction seems...
after 2 days of minor retracements reliance again tries to cross hurdle 1. clearing this hurdle will take reliance to hurdle 2. main support for nifty is reliance now and it is in positive tune. if it takes out today's high it may go to hurdle 2. let us see if this momentum in reliance lasts tomorrow or not.
as expected bank nifty touches target 12 and profit booking observed there when ever sgx shows a flat opening and gap up opening happens in real profit booking is normally observed. still one can go long with stop loss below 20 period moving average in hourly chart. conservative traders may go long when today's high is taken out only. don't forget to like my...
well accompanied with sbin as said in my yesterday's post it may touch target 12 soon. don't forget to like my post follow me to get updates. break out of ais bank and icici bank too as suggested earler.
of course it is exhibiting red if we look at the weekly chart it appears different. for the last three days it is forming higher high and higher low. though fii buying figure has reduced so also dii selling figure. target 2 can be achievable it appears IT sector seems to be turning around though in case of hcl tech and tcs selling observed from high. how...
it has come out of congestion of NR7 day before. among its constituents both icici bank and axix bank exhibiting very positive chart. sbi testing its resistance zone if it overcomes it its upward will continue. pnb is lagging and both hdfc bank and kotak bank showing consolidations. if bank nifty overcomes resistance at target 11 target 12 is possible. for any...
In the early stages of the rally of nifty reliance was the main contributor. Yesterday's upward movement was checked by the uml of the pitch fork today. if reliance can clear these two hurdles shown in the chart its upward movement may continue along with nifty. it appears reliance can continue its movement clearing theses hurdles as it has bounced from important...
engulfs the body of prior red candle. sectoral oration seems to be taking place. reliance seems to have bottomed out from my target 1 shown in reliance chart earlier. only bounces from IT sector is awaited which have corrected in spite of decent results. upside expected and any long position stop loss should be strictly as per my previous chart, don't forget to...
bank nifty was hovering around in a tight range. but it closes below 5 dma. its upside break out may be anticipated with upside break out of sbi again. axis bank.icici bank.kotak bank idfcfirst,federal bank ended with green candle where as pnb.bob,hdfc bank with red candles. axis bank.icici bank and sbi were trading with in tight range. 35500 appears to be strong...
today's last two green hourly candle covers preceding four candles. aggressive traders can go long with stop loss below as shown in the chart. some retracement was expected and it took place in the first half. FII and DII figures shows some little net selling. sector rotation seems to be taking place. don't forget to like my post. follow me to get such...
hits life time high. bullish stock still left to rise? don't forget to like my post. follow me to get stock ideas. watch my previous idea of adani ent.
for the last three days attempts of bank nifty to clear target 11 becoming futile. effect of budget seems to be fading out it closes just below 20 period moving average in hourly chart which is negative for it. it seems some pull back possible in case of bank nifty too unless some clear positive global clues. results of most of the major banks are out extra factor...
retraces back after just touching the channel lines shown in the chart sellers active there pushes nifty back and nifty closes with red candle. stochiastic is in over bought condition. 5 dma lagging price as price has risen rapidly fortunately nifty has closed just above 20 period moving average in hourly chart. pull back nifty is possible to 5 dma before it...
again bank nifty touches target 11. it appears NR7 day for bank nifty. stochaistic is in over bought condition. only buy on dip is recommended. one should not jump to buy if there is gap up or sell if there is gap down. every thing has been mentioned on the chart. if any one wants stock specific chart I will work out please message me in private. I do publish...
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nifty touches the target and now at the boundary line of the channel. still some break out possible. as it was trading in a narrow range we can look forward for large move in coming days. immediate target appears to be 15175. breaking of the channel (orange) will ensure its upward movement. target 1 shown in the chart is possible.