how ever hidden divergence can be seen between price and stochastic oscillator. which is positive for its upward movement, with reliance not supporting the market nifty could not take out the resistance. one more move up of reliance expected. infy,tcs may resume upward movement after consolidation. any positive in the Rbi policy may provide the required required...
not only in tatat steel, same cases can be observed in case of SAIL,JSW STEEL. they may have a catch up rally with that of jindal steel which has become most favored now a days. with falling price of dollar metal sector has come in to the lime light again. if nifty performs well this sector may out perform in near future. SAIL is attractively priced way behind its...
after my last post nifty had violated the trend line below which I had suggested if closes below the the trend line selling may be initiated. Nifty had violated the trend line nifty had even dipped below 11900. today has crossed above the support 1 and has closed above 20 dma. it is positive for nifty. next target may be the previously mentioned trend line. which...
As expected by me yesterday with in one or two days decisive direction of nifty will take place it happened today. I had suggested for correction to occur only if nifty closes below the trend line on daily basis. but it did n't happen. these are the games in stock market where retailers simply carried in to traps. I think today's break out is not false. target 1...
clear divergence between price and oscillator. hdfc bank stake sell,rbi comments dragged bank nifty and spoiling its already damaged structure. towards the end of the trading session kotak result fueled this. it is now at the support 2 breaking below may take it to support 3. if bounces support 1 will be the target. do nt forget to like my post. follow me to get updates.
with dragging banking index nifty could not get enough boost. but closes above the trend line. with further downfall of banking index it will be tough for nifty to cross the resistance line. how ever fall of banking index may stall. it seems it has been a good strategy to trade around that resistance line. if gap down target resistance line was working well. and...
its attempt to cross target 1 getting rejected. with no negative news if crosses target 1 target 2 and target 3 possible.
undoubtedly it is struggling near the resistance line. which happens to be very important to get rid off for its continuous upward movement. one trend line I have shown closing below it may result in some down ward movement. remarkably every dip has been bought in to. it is consolidating near that zone. this leg of rally was started from 14/07/2020. even bulls...
probably it will take out the resistance soon. if takes out the resistance target shown in the chart. as mentioned in one of my posts whipsaws are being generated creating wrong signals and panics. if we clearly study the chart we are having higher highs and higher lows. as long as this is not violated we are in uptrend at present. do n't forget to like my...
that I had mentioned earlier. if this times takes ut higher levels are possible. watch my attached posts. do n't forget to like my post. follow me to get such updates.
as mentioned yesterday nifty just opened above that level but could not sustain and fell below that level. structure of nifty is somewhat bad compared to bank nifty. support for nifty lies little below at 10786. hence let us hope nifty does not fall below the monday's low. like bank nifty this move of nifty may be due to pre expiry factor. intentionally driving...
yesterday I had mentioned the level 23071 it opened little higher and crossed that level that red candle 15 minutes bar clearly indicated the sell off. however it retraced only 23.6% percent of the last leg of this rally and able to hold 22686 which is very positive, this type of movement I have observed prior to weekly expiry. I had squared off my overnight long...
may touch 200 dma soon. may cross that. earlier target for maruti was met.
its uptrend still continues. may find some resistance at 11219. go long in nifty unless today's low is broken. we should not short nifty on daily basis, any comment is welcome. don't forget to like my post. follow me to get updates. please find the attached chart about the turn around of nifty
Up trends of bank nifty continues. however the uptrend may be stalled near the resistance line. if it gaps up above that line uptrend will continue. it seems it will surpass that resistance. it seems final leg of uptrend is continuing before a stop and reverse and continue. I am going to create a you tube channel for discussing bank nifty and nifty strategies. if...
Closes above 200 dma which is very positive. dip towards 10834 to be bought for higher targets, next support comes at 10784. Nifty is outperforming bank nifty. IT stocks seems to be topped out right now. hence nifty has to go up with the help of reliance and banking sector and hul etc. it seems these stocks were helping on Friday too
that happens to be the median line too. could not go past the 1 st support area I had mentioned support 21069 tday's low was 21029. only breaking below the median line may take it to S3 candle stick pattern seems to be that of hammer which represents reversal after some days of decline. how ever it should be followed by a bullish candle next day
watch my previous chart