NOT GOOD FOR YES BANK UNLESS IT REVERSES ITS DIRECTION. MUCH DOWN SIDE MAY BE POSSIBLE
LIKELY TO GET SUPPORT HERE IF TURN AROUND IS MARKET GO LONG
RELIANCE MAY FILL UP THE GAP 1528.5--1514.5 IN DAILY TIME FRAME IT ALMOST EXHIBIT BULLISH CYPHER PATTERN. IT MAY COME DOWN TO PRZ ZONE OF THAT PATTERN AS RELIANCE HAS BEEN A STRONG STOCK 2 ND TRADE TO PRZ ZONE SHOULD BE TAKEN CAREFULLY
NIFTY HAS STRONG SUPPORT AT 12186 IT MAY GO DOWN TO 12169 AND RECOVER AT PRESENT IT SEEMS BEST IDEA DON'T SHORT NIFTY.ONLY IF SUSTAINS BELOW 12150 IT CAN BE SHORTED AS ITS NEXT SUPPORT IS MUCH LOWER LEVEL 12061. WELL IF IT HOLDS 11186 IT MAY BOUNCE BACK
INVERTED HEAD AND SHOULDER PATTERN BREAK OUT MAY TAKE IT TO TARGET 1 AND TARGET 2
BREAK OUT OF SBI SEEMS TO HAVE TAKEN PLACE ONE CAN GO LONG FOR TARGET 1 AND TARGET 2 WITH STOP LOSS SHOWN IN THE CHART
LONG BULL RUN STILL CONTINUES OFFERING NICE BUYING OPPORTUNITIES ONLY TO BE TO BE GRABBED BY BRAVE ONES . TWICE OR THRICE WITH NICE DIPS, MARKET REALLY HAD OFFERED BUYING OPPORTUNITIES. IN A WAVY FASHION PRICE CONTINUES TO RISE. LAST FRIDAY IT WAS NR7 DAY FOR NIFTY SOME POSSIBLE FURTHER BREAK OUT EXPECTED HOWEVER IF MARKET CORRECTS IT WILL BE A NICE OPPORTUNITY...
LET US SEE IF IT CAN BREAK IT TODAY.. IF IT CAN BREAK HIGHER LEVELS POSSIBLE
Take long position when high of today is taken out or appropriate low level watch my attached post.
NIFTY HAS BOUNCED FROM PRZ ZONE. TODAY'S LOW SHOULD NOT BE VIOLATED FOR THIS UPTREND TO CONTINUE. FOLLOW ME TO GET SUCH TIPS LIKE MY POST IF IT HELPS YOU.
WATCH YESTERDAY'S POST FOLLOW ME TO GET SUCH TIPS LIKE MY POST IF IT HAS HELPED YOU.
IF BREAKS TODAY IT WILL TOUCH LOWER LINE AROUND 41
STOP LOSS SHOULD BE BELOW X IF BREAKS X TREND MAY BE BEARISH SAFE TRADING WITH PROPER STOP LOSS.
ON FUND RAISING PLAN YES BANK MAY OPEN UP NEAR THE UPPER RESISTANCE LINE. CAN IT OVER TAKE THIS RESISTANCE LINE? SEEMS DOUBTFUL....LET US SEE IF SELL ON NEWS TAKES PLACE OR NOT. MORE ABOUT YES BANK WILL BE UPDATED AFTER MONDAY
NIFTY IS IN BULL RUN WITH HIGHER HIGH AND HIGHER LOW. TREND HAS NOT BEEN BREACHED YET. WE MAY LOOK FOR ANOTHER BOUNCE FORMING ANOTHER HIGHER LOW. HOW EVER THIS LEG OF UPTREND HAS BEEN QUITE EXTENDED. THERE MAY BE A RETRACEMENT OF 38.6 PERCENT OF ENTIRE MOVE BEFORE RESUMING THE UPTREND AGAIN. ONE CAN GO LONG AT 20 DMA WITH STOP LOSS BELOW HIGHER LOW. APPROACH...
NIFTY PROCEEDING TOWARDS ALL TIME HIGH AND MORE THAN THAT