IN MONTHLY TIME FRAME IT IS EXHIBITING DESCENDING BROADENING WEDGE STRUCTURE, IT SEEMS AT LEAST IT IS GOING TO TOUCH THE UPPER LINE IN COMING DAYS. ONE CONCERNING FACTOR VOLUME WAS LAST MONTH WAS HIGHER THAN THIS MONTH. PHARMA SECTOR BEING MOST FAVORED SECTOR IT IS LIKELY TO TOUCH THE TARGET IF AN INCREASE IN VOLUME TAKES PLACE IT IS LIKELY TO TOUCH 800 MINIMUM.
1)there is divergence between oscillator and price and cross over in oscillator.it is in oversold condition. 2)bank nifty has taken support at an important level. 3)however world indices indicating negative sentiment. 4)today's candle indicating selling pressure at high level. 5)one can go long with stop loss at today's low. which may act as important support.
AND MORE LIKELY T FILL UP THIS GAP GRADUALLY AND GO TO THE UPPER END OF EXPANDING TRIANGLE. CLOSING ABOVE THIS TRIANGLE WAS REJECTED BY THE MARKET ONCE SO ALSO CLOSING BELOW THAT TODAY.
CONSECUTIVE FOR THIRD DAYS IT WAS NR7 DAY FOR IT YESTERDAY. IT WAS NR7 WEEK FOR IT ALSO LAST WEEK. IT IS LIKELY TO EXPLODE TODAY OR TOMORROW. AS PER PRESENT TREND IT SHOULD GO DOWN. HOW EVER IF BANK NIFTY WHICH IS APPROACHING OVER SOLD CONDITION BOUNCES THEN IT MAY BOUNCE.
ANY ONE FOLLOWED MY CALL? LIKE MY POST IF IT HAS HELPED YOU. FOLLOW ME TO GET SUCH UPDATES.
GO THROUGH MY IDEA PUBLISHED LAST NIGHT. HAD YOU SHORTED? FOLLOW ME TO GET SUCH IDEAS LIKE MY POST IF IT HAS HELPED YOU.
HAD YOU TAKEN POSITION. FOLLOW ME TO GET SUCH REAL TIME CALLS. LIKE MY POST IF IT HAS HELPED YOU. PLEASE SEE MY CALL EARLIER ATTACHED WITH
Breaking below the lower support line will drift it to T1,T2,T3
below 171 it can touch 164. today's selling indicating further break down.
WATCH MY IDEA PUBLISHED ON APRIL 7 'BEAR MARKET RALLY MAY EXTENT'ON APRIL 7.(PLEASE SEE ATTACHED CHART) NIFTY EXACTLY TOUCHES THE POINT 'D' ON THAT CHART. AS SGX NIFTY SUGGESTS ON MONDAY THERE WILL BE GAP DOWN. PROBABLE LEVELS MENTIONED IN THE CHART. FOLLOW ME TO GET SUCH IDEAS. LIKE MY POST IF IT IS HELPING YOU. STOP LOSS SHOULD BE ABOVE A
IDEA WAS PUBLISHED ON APRIL 14. NEXT TARGET CAN BE FOUND FROM THE CHART. PLEASE FIND MY IDEA PUBLISHED ON 14 TH APRIL. FOLLOW ME TO GET SUCH IDEAS. LIKE MY POST IF IT HAS HELPED YOU.
DON'T BOARD ON SINKING BOAT. MUCH LOWER LEVELS COMING AHEAD. SHORT AT PROPER LEVELS. FOLLOW ME TO GET SUCH STOCK IDEAS. LIKE MY POST IF IT IS HELPING YOU
unable to cross the resistance. if crosses resistance target 1 possible. if closes below 20 dma it may fall back to support. like my post if it helps you. follow me to get such updates. find my attached recent posts for bank nifty and baj finance.
downward channel opened up for it. only braves can short it for lower line. my followers must be in profit after it broke lml. my previous target still there . nifty has strong support at 9140-9128. hence short it carefully. follow me to get such trading ideas. like my post if it is helping you.
DESCENDING TRIANGLE IN 60 MINUTE CHART. IF BREAKS OUT OF THIS TRIANGLE NO SHORT POSITION TO BE TAKEN. ONLY IF IT BREAKS BLOW LML CONVINCINGLY SHORT POSITION TO BE TAKEN WITH PROPER STOP LOSS. THIS VIEW OF ME FOR THE TIME BEING. FOR INTRA DAY OR SHORT TERM.
PLEASE WATCH MY POST EARLIER.