bijoy2526

bijoy2526

Yes It is free fall till now. let us see where it halts. just before fpo it was halted to climp just above 3000. On 28th I had mentioned in my post about the forthcoming decline. Today it bounced when it went below 1871 to just cross 2000. then deccline continued to touch next level 1539, if it slips from here next level to watch is 1399. 200 period weekly average...

bijoy2526

This is my follow up post of adani enterprises where I had stated another leg down still pending. this down wave is extended now. But who wants to catch falling knife, It is still trading above 200 week moving average which is at 1207. don't forget to like this post. follow me to get updates.

bijoy2526 Updated 

It is not any trading recommendation. as the stock is highly volatile and involves high risk/reward. Only those who can manage it with high level of technical studies should trade this counter. I had publishedseveral posts of adani several times which were right at the targets. Here potential down side is still open. two options here are available.get The one...

bijoy2526

its abc correction had started earlier and we are in c wave of this decline.. its result date yet to be known. public sector banks may contribute most to the decline the bank nifty. of bank nifty although no respite for pvt sector banks. 560,522 seems to be target for this decline. please go thorugh my previous posts of bank nifty and hdfc bank. Doin't forget to...

bijoy2526 Updated 

yes possibility is there. under these conditions. Bank nifty should not violate 42550. should trade side ways in the 1 st half. there may be possible break out in the 2 nd half. let us see what happens.

bijoy2526

Please go through my previous post where I had predicted it's correction over well before many days before its result on jan 12. The study rocked.please click on the play on that post. it has reched the target of 1664 today. today morning only I had told this target. don't forget to like this post. follow me to get updates.

bijoy2526 Updated 

It has crossed the median line. now probabilty of its touching uml is there. in 5 and 15 minutes chart it is forming higher high and higher low . which is explained in the updates below. classic flag and pole pattern has been formed . so I expect upside break out to the level of 42540 minimum possible. hedge with 42000 pe. please go through my previous posts of bank nifty

bijoy2526

Unless a further complex correction. the stock is set to rise. Ahead of its result it had decent upmove yesterday. Its result is on 14 th january. don't forget to like this post. follow me to get updates

bijoy2526

Time to be cautios. Trading in the diogonal in weekly chart. Though I am bullish and friday it has completed a major leg on correction,which I had predicted on intraday basis exactly. Though that leg of correction is over but we can't say exactly the correction is over unless we see impulsive move upside. so any long position should be hedged with lower pe. Break...

bijoy2526 Updated 

Please go through my earlier post. pessimism...in economy now bank nifty touches the uml of the pitch fork. taking a pause there. don't forget to like this post.. follow me to get updates my earlier post attached here with

bijoy2526 Updated 

Fiscal defecit wideneing and falling rupee prices against dollar could not hinder the bull market in bank nifty, Last week I was little confused about the completion of wave 5 rd as it retraced from the top line of the diogonal. As we see 4th week candle violated the low of 3 rd week candle but there was no subsequent selling. It is really difficult to know...

bijoy2526 Updated 

Indeed I had suggested two targets for bank nifty 41880 and 41660 on last Friday, Of course not published here in trading view. Reason lack lustre response here. Indeed if you go through my posts of bank nifty you can pick up the post warning sign. of course I will be attaching the post here, so what to do with bank nifty? for me it has completed 5 wave up move...

bijoy2526

Yesterday I had published the chart of reliance. It had touched intermediate line and bounced to take out uml to touch the extention line. I think this post must have helped. don't forget to like this post. follow me to get updates

bijoy2526

please how it plays nucely with in the pitchfork. its decline has been arrested with its close above 20 period hourly moving average, next target is the uml of the pitchfork. and if it moves beyond uml other lines are the targets please go through my earlier posts of reliance. published earlier in trading view.

bijoy2526

It has well below its 20 dma which is at 18528.\ Major contributor of its decline is IT sector and Reliance is also not helping it. Even nifty FMCG sector had declined to some extent. Nifty IT is at horrible state trading below 50.20.200 dma. if we consider the rally of nifty as 1,2,3,then this is 4 th wave pulll back. But 3 wave rally defenitely can not be...

bijoy2526

and now below the 20 dma. it may retrace to 23.6 percent of the this leg of the rally which is at 42785. incase ofurther decline it may touch the 38.6 percent of this rally which is at 41925 which is at at the lower line of the diogonal.(black line) Breaking below the diogonal line we can see further sell off. Now the real strength of Indian market being...

bijoy2526 Updated 

Aligned with global stock market decline Bank nifty has closed below the important trendline(black color shown by arrow. weekly low is 43378 which is also made today. violating this weekly low will drag bank nifty towards next level of the pitch fork some correction ahead . this is weekly chart,I will publish the daily chart in the update.

bijoy2526

Dragged by IT sector and Reliance Nifty exhibitng weak ness. So is this end of this rally? Our market has shown that it has decoupled from the world market. Now lifting covid restrictions in china positive sentiment is developing towards chinese market.Unless nifty closes above 18569 it has probability of decling further even towards 17536. now niity ia at vital...