bijoy2526

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1st wave being leading diogonal. 2 nd wave its deep retracement Today's rally is a part of3rd wave, possibility of minimum extension has been shown in the chart. Please like this post if it helps you. follow me to get updates.

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Please go through the supports for infy. if infy breaks 1304 it will be very negative for it. let us see if bottome fishing is done today or not.

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Rbi monetary policy on 6 th october. Industrial production and inflation data on 12 th. Unless it is a complext correction,in bank nifty C wave is unfolding. It can be zig zag or diogonal. Till now bank nifty has recovered only 23.6 percent of the fall. In hourly time frame it is visible. Not appreciable at all. b wave bounce of this a wave is only 23.6...

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Its 4 th wave pull back over which was a complex correction. It is likely to take out 3 rd wave high which is at 1708 and move higher. Due to tech weightage adjustment in FTSE. expected inflows of $650 million in to hdfc bank. The chart is in weekly time frame. Do ike this post if it helps you. follow me to get updates. Please go through my previous posts

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It appears from the chart flat correction is taking place in bank nifty. In that case it should come down atleast near to the end of wave A. C wave should have five waves. Please like this post if it helps you. follow me to get updates. on weekly chart last time has bounced from 20 period moving average on last friday it has touched that. Most possibly it is...

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Weekly chart of Nifty. It appears this is on going 3rd wave of on going rally. It has completed third and fourth wave of this 3 rd wave. The wave should extend atleast to 20532 and touch the upper line of the channel. In case of bank nifty it had dipped to 20 period weekly average ,But nifty has not done so. Infaltion rate for India and US are likely to come...

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With inflation woes still pending and populist measures to control inflation. there is almost no trigger to lift bank nifty higher. It is unable to cross rsi 48 strict resistance zone. The up move was unable to cross even 50 percent of the decline. all we need strong bounce from bank nifty to cross this resistance zone in rsi ,otherwise selling in this zone will...

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One time this stock was rocking. due to several reasons its decline started. Now its turn around it taking place, its 5 th wave in progress. Like this post if it helps you. follow me to get updates

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Above monday's high it is likely to bounce,If there is negative opening tomorrow wait for high of monday to be taken out to be long,for the target of arrow as shown in the chart. we had captured the reversal of bank nifty on monday. once long in bank nifty monday's low should be stop loss. like this post if it helps you. follow me to get updates.

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Is it trend reversal? Green candle closing above hammer predicts trend reversal. After many days FII figures is positive in cash. In asia pacific region India happens to be favourable desination for investment with chinese economy slowing down. Today I picked up the trend reversal at right time. In hourly time frame five waves have been completed in C...

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today's bounce is not sufficient to avoid any further decline.Bank nifty is trading comfortably below 20 dma. Though in hourly time frame five wave can be traced with completion of C wave further decline can not be ruled out. today's bounce was lack lustre. with rbi moneytary policy ahead and last time food inflation is most spoiling factor. Comment from rbi...

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Will it bounce back? wave 5 of this rally in an ending diogonal. now wave exactly 50 percent retracement of wave 5 is done.and wave 5 has retraced to the position of 4 th wave of it. In normal case it should have retraced to the starting point of wave 5. But now a days in bullish scenario deep retarcement is not happening. How ever at this juncture we should be...

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No conclusive proof yet. But formation of diogonal indicating probably correction is over. During this correction phase bank nifty was alomost trading with in the parallel channel. once there was throw over but again it had returned back in to the channel. Gradually diogonal was being developed in the c wave of final C wave. and finally in the last hour on Friday...

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It has been trading with in the channel since long.Time for it to break out of congestion. Break out trading has not been working in case of reliance. but it appears its successful break out will take place in coming days.

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It will be premature to say if pull back is over. But the 38.6 percent retracement is already done. and in hourly time frame there is divergence between price and oscillator. if it is indeed a bull market bank nifty should bounce with in one or two days.Here third wave is extended one and terminated at 45345. we will check in lower time frame what is happening in...

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On going rally is strong and not going to stop here. it appears 3 rd wave is in progress. prior to it there was nine wave up move constituting wave 1 and pull back was wave 2. and recent rally is wave 3. Some pull backs are part of up moves. two to three months back I had anticipated this up move which is on record. I have strong logics to believe that this move...

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It is great to pick the bottom. Fortunate enough to pick the bottom several times in the past also. Vertical rise in nifty suggests it is may be third wave. it appears we will have another gap up tomorrow that will be third gap. normally this gap may be filled up,as profit booking may take place. if not ? it will show the high level of the strength of this...

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had all time high in precovid time. while its counterparts tatamotors and m&m had broken the all time high of precovid time maruti has yet to do it. with commodity prices cooling down the no one player in four wheeler segment has brighter out look in coming days. from the weekly chart it appears its 3 rd wave is in progress which is likely to take out high of...