NR4 DAY FOR YES BANK CLOSES BELOW 20 DMA AND TWO TREND LINES UNABLE TO CROSS 100 DMA IN TWO ATTEMPTS. DEVELOPING HEAD AND SHOULDER PATTERN WHOSE BASE LINE MAY ACT AS SUPPORT INITIALLY. INCASE OF ANY POSITIVE NEWS THIS TIME IT MAY TAKE OUT THE 100 DMA TO REACH RESISTANCE LINE ABOVE. HOWEVER IF NO NEWS IS THERE IF MAY DECLINE TO THE LEVELS AS MENTIONED IN THE...
NIFTY CLOSES ABOVE ITS CRUCIAL SUPPORT 11902 IT SHOULD TAKE SUPPORT AT 20 DMA IF IT GOES DOWN AGAIN. OTHERWISE IF IT GOES BELOW AND BREAKS THE RECENT HIGHER LOW THAT IS AROUND 11790 THEN MORE CORRECTION MAY BE POSSIBLE.
TARGET MENTIONED IN THE CHART.
WEEKLY INVERTED HEAD AND SHOULDER BREAKOUT SUGGESTS PRICE UP TO 454.9 HOW EVER IT FACES RESISTANCE NOW. HUGE VOLUME NEEDED TO OVERCOME THE PRESENT RESISTANCE IT IS FACING NOW.AS JIO IS ALSO GOING FOR TARIFF HIKE POSITIVE FOR AIRTEL TOO.
HOWEVER TARGET MORE THAN THIS WILL UPDATE TOMORROW.
WATCH NIFTY ECONOMY SLOW DOWN NOT DETERRING NIFTY(NEVER INDIA SHINNING COULD CHECK NIFTY FROM FALLING) LIKE MY POST IF IT HAS HELPED YOU. FOLLOW ME IF YOU
NIFTY SEEMS TO BE BULLISH AS USUAL. WE ARE IN BULL RUN.. WHEN OIL WAS AROUND 150 DOLLAR PER BARREL INDIAN MARKET WAS AT HIGH AT THAT TIME.
BREAKING OF THE SUPPORT MAY TAKE IT TO 20 DMA AT 62. FURTHER BREAKDOWN MAY TAKE IT TO 56.4. HOWEVER IF MAJOR BUYING AT THIS STAGE TAKES PLACE IT MAY TAKE IT TO UPPER TREND LINE IN THE CHART.
AFTER ZIG ZAG CONFIRMING BREAK OUT ? INVERSE HEAD ANF SHOULDER BREAK OUT .
IT HAS COVERED 88.6 PERCENT OF CD. ONE MORE STEP LEFT TO HIT THAT ALL TIME HIGH PLEASE CHECK MY POSTS FROM SEPTEMBER.
IN ONE HOUR TIME FRAME NIFTY ATTEMPTED TO CROSS ONE HOUR INITIAL BALANCE(MARKET PROFILE) MANY A TIMES BUT RETRACED BACK ONLY LEAVING WICKS BEYOND INITIAL BALANCE (WHICH IS ONE HOUR HIGH AND LOW OF 1 ST ONE HOUR CANDLE) IT SEEMS NIFTY IS NOT WILLING TO GO UP SELLING PRESSURE FACING AT HIGHER PRICE. HOWEVER IT CLEARED THE LOW OF 1 ST HOUR CANDLE TOWARDS THE...
AFTER 38.2 PERCENT CORRECTION FROM RECENT LOW AND HIGH IT SEEMS BULL RUN HAS RESUMED. PLEASE FIND MY CHART WHERE I HAD EXPECTED A PULL BACK. IF SUPREME COURT RULLING FOR ESSAR STEEL COMES IN FAVOR OF BANKS AT 10.30 BULL RUN WILL CONTINUE
IF IT BREAKS 64 IT MAY GO DOWN TO 59.6
IT SEEMS IT IS CORRECTING AFTER QUARTERLY RESULT. FOR FURTHER BREAKDOWN IT SHOULD BREAK POINT B
TODAY'SLOW COINCIDES WITH 38.2 RETRACEMENT OF 3 RD HIGHER LOW AND RECENT HIGH. PROBABILITY OF PULL BACK IS ALSO POSSIBLE,, IT WILL TEST THE STRENGTH OF THIS BULL MARKET. HOW EVER IN THE DOWNSIDE 11790 IS SUPPORT FOR NIFTY THEN IT MAY GO DOWN TO 11760 HOWEVER I AM LOOKING FOR A PULL BACK.