bijoy2526

bijoy2526 Updated 

As suggested my previous charts Bank nifty is likely to move further . I have been tracking it.But don't get time to publish here regularly. some of my followers do miss my posts ,as told by them. Bank nifty up trend is on. Any pull back is an opportunity to buy at this moment. suggested levels are shown in the chart. Do connect with me by following me and liking...

bijoy2526

Please go thourgh my two to three posts of ITC on last feb 14,july 2022 and april 2022. It has progrssed impulsively. its journey does not end here. after achieving this target it may pull back but its journey will contuniue. don't forget to connect with me by following me and liking my posts. please go through my recent posts of bank nifty which is well in track

bijoy2526 Updated 

With rbi pausing the rate hike. and with india's inflation dropping with in rbi comfort zone first time after many months. and still some shorts remaining in the system(future&option) it appears still some rally pending for bank nifty. In asia pacific regions several central banks like australia,india etc have paused interest hike. Techincally bank nifty can take...

bijoy2526

human brain is greatest analyser. All indicators can't match that. they are lagging indicators. Comprehend first what is happening around. elliot wave is simple based on three important conditions. 2 nd wave should not violate the low of 1 stw wave, 3 rd wave should not be shortest. and 4 th wave should not enter in the territory of 1 st wave. exceptions leading...

bijoy2526 Updated 

Let us see when it breaks the upper trendline. I think the out come of MPC meeting of Rbi will have major role in establishing the direction of bank nifty. How ever any dip should be bought in to. I am quite upbeat about the sustanability of this rally. Look at the stochiastic in over sold condition. And divergencee between price and oscillator. Do connect with me...

bijoy2526

Please go through my chart published earlier here in trading view. It is poised to take out recent high. so far it had better chart than nifty and bank nifty. Both are catching up now. Next target of 1691 caan be reached soon. please go through my earlier posts of hdfcbank. Do connect with me by follwing and liking my posts.

bijoy2526

Reliance has under gone complex correction after it had a spectacular rise in five wave which was terminated in october 21(2751) after that though this high was crossed in april 2022(2856) and nov 2022(2755) ,in both the occasion the break out could not sustain. in nov 2022 x wave was terminated at the start of wave a as shown in the chart, and now recently y...

bijoy2526 Updated 

This is weekly chart. This time too not willing to go beyond 38.2 retracement ment level as shown in the chart. After june 2022 stochiastic has dipped in to over sold zone. of course now bank nifty is at much higher zone than what it was in june2022. Divergence is seen. bank nifty may strike 23.6 retracement level in coming days. Divergence is not the only...

bijoy2526 Updated 

Was checking the details for its sudden fall of bank nifty. There is much similarity of this hourly chart with its weekly chart, If its correction ends at this point. Nothing strange has occurred in the 2 nd half. if we look at the broder picture and look at its weekly chart. how was my last post of bank nifty. the chart has self explanatory. Looking forward what...

bijoy2526 Updated 

Consecutive two hammers followed by one green candle taking out the highs of two hammers ,no need to say it is trend reversal. Tomorrow likely to be gap up opening at around 40168. Any dip should be bought. 40088 will be strong support in case of gap up .Incase bank nifty opens below 40088 ,it should act as resistance.But it is expected to be conquerred. it...

bijoy2526 Updated 

Hdfc bank has much better chart than bank nifty or nifty. In bank nifty after december 22 there are series of overlapping of waves only pointing to corrective waves till now. it is not sure whether correction has ended or not. But in case of hdfc bank the impulsive rise is clearly visible after june 22. It appears third 3rd of wave has been completed and there...

bijoy2526 Updated 

With bank nifty closing above 38648 and with defenite propotionality of this assumed to be final(z) with the previous one(y),it appears the correction has ended unless we violate 38648. so any long position should have 38648 as stop loss on closing basis. Fomc meeting of US schedule to take place next week. due to the present banking crisis it is mostly likely...

bijoy2526 Updated 

The chart has delivered perfectly from uml of the pitchfork to lml of the pitchfork. 41670 to 39132. 39132 happens to be the around upper boundry of a previously left out gap. Of course I had not published this chart here.. it appears we may get a pull back or already got a pull back which should be 4 the wave of this decline . another wave down is pending. ...

bijoy2526 Updated 

it apears its fresh impulse wave is in preogress. and third of first wave is in progress, it may be completed in the region of 1723 to 1819. The chart is self explanatory.it is now trading sideways waiting for a break out. don't forget to like this post. follow me to get up dates

bijoy2526 Updated 

When the correction could not surpass the 32.6 percent correction level which could otherwise have led to massive sell off ,it had been pointing towards some thing else cooking in banking sector. the correction even did not violate the recent low which had retraced 32.6 percent of the rally. pointed by upper black arrow in the chart. same black arrow points...

bijoy2526 Updated 

In last post I had posted one update, bank nifty needs to close below the 38.6 percent level for further break down. today it has closed with strong green candle whose high is higher than previous red candle though low is lower than previous red candle. it shows inherent strength of bank nifty. we should see follow up buying in bank nifty. let us see if this it...

bijoy2526 Updated 

Some days back I had pointed this pattern developed in bank nifty. please refer to my chart on jan 9 "critical juncture" published in trading view where I had anticipated possibility od diogonal break down. and diogonal break down happens vigorously. and we are witnessing major sell off right now. Last week range was 1692. Now selling should be continued as it...

bijoy2526 Updated 

This is long term wave count of ITC. its 3 rd wave in progress. Way back I had posted the chart of ITC. I have attached that chart with this, please go through my recent posts of sbi,hdfc bank etc. and bank nifty too.and not to forget adani ent. Adani ent has rewarded handsomely to all my follwers. don't forget to like this post. follow me to get updates