bijoy2526

bijoy2526

ignoring resistance 1. struggling thee at resistance 2. leaving behind a gap is not good as it will try to fill up the gap. how ever if trend is strong it may overcome and proceed higher. don't forget to like my post. follow me to get such ideas. watch my previous post.

bijoy2526

well just watch my post on august 23 predicting catch up rally of bank nifty. Did I not predict it before? I had also predicted rally of psu banks which has just commenced, much to proceed. it seems reliance is consolidating and bharti too. if dollar declines IT stocks may underperform temporarily. of course components of bank nifty will certainly boost nifty...

bijoy2526

however target 1 11687 achieved today. if nifty closes above the trend line long position can be taken. watch my earlier post. don't forget to like my post. follow me to get updates

bijoy2526 Updated 

as said yesterday if takes out the high of yesterday rally will continue. one of the two option mentioned yesterday. it touches the trend line too. don't forget to like my post. follow me to get updates

bijoy2526

just opened close the resistance but unable to cross it. hence nifty long position should be there only when it clears the resistance. from 3 rd august on which this leg of rally started. clearly it can be sub divided in to five waves. hence it appears it may consolidate before any further rally takes place. however if takes out the resistance rally may continue...

bijoy2526

watch it clearly. it has jumped to the resistance line and struggling there to cross it. expiry day let us see how it works out day today. if takes out resistance line next trend line is the target. don't forget to like my call. follow me to get updates. watch my yesterday's post attached here with.

bijoy2526

I was looking for reversal for reliance today. caught it early it seems another impulse leg has started. chances of its further consolidation a little is there. but trend is upward. don't forget to like my posts. follow me to get such updates. I have twitter account too.

bijoy2526

there was no reason for selling yesterday which I think only to send wrong signals to retailers . when FII are in buying spree there is reason for any panicky of course today's figure I don't know. reliance has bounced from a definite harmonic pattern . harmonic patterns do work for bullish reversal during bull run so we should not look for any bearish reversal...

bijoy2526

pushes the gap to narrow range but unable to fill the gap completely. it is likely to be filled up. how ever take long position only after observing reversal. don't forget to like my post follow me to get stocks and indices ideas

bijoy2526

watch my yesterday's call don't forget to like my call. follow me to get updates. please go through my attached charts

bijoy2526

go through my previous call for bank nifty. do n't forget to like my post. followme to get such ideas

bijoy2526

it seems bank nifty may have a catch up rally if takes out the resistance shown in the chart, pvt sector banks have already shown up move recent up gradation of sbin and any thing positive from pnb result may help in steering banking index ahead. all these banking stocks are trading way below their 200 dma if nifty has outperformed bank nifty and this out...

bijoy2526

today is testing of bullishness of the market. can market overcome selling at high? if bank nifty closes above resistance 1 undertone bullishness will be established.

bijoy2526 Updated 

Could not sustain above uml of pitchfork. now resting on the support. clearly developing cypher harmonic pattern is visible on it. if it closes below 20 dma it may drift towards support 2 which happens to be PRZ zone of cypher pattern. right now my view is neutral to negative. if nifty crosses today's low it has next support at 11211. we may see some bounce in...

bijoy2526

go through my call earlier attached here with. target 2 achieved. do n't forget to like my call followme to get such stock ideas

bijoy2526

go through my previous call. attached here with. don't forget to like my call.follow me to get such updates

bijoy2526 Updated 

there was gap up opening of nifty . normally now a days when there is a gap up or gap down opening unless strong sentiment exists , gap is filled up in the same day it self how ever in the process nifty fills the earlier gap partially between 11433-11536. today happens to be NR7 day for nifty . sentiment still remains positive. how ever due to expiry option writer...

bijoy2526

it is trying to cross the resistance. if crosses next target next resistance. do n't forget to like my post. watch my yesterday's post follow me to get such updates