bijoy2526

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

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...