Please go through my previous post. bank nifty just crossing the line of the diogonal. and if crosses the target I had mentioned 43615. its high is around 43595. again short covering at 43500 pushes bank nifty higher. please go through my previous posts of bank nifty. let us watch if it closes below the diogonal line or not. please don't forget to like this...
On Friday bank nifty has closed below 5 dma. But to day it has closed above 5 dma It has outperformed nifty and nifty IT. whenever nifty IT perorms on that day nifty too out performs banknifty.. But today was the day of bank nifty. It has now touched the line of the diogonal line. it may take out the line of diogonal tomorrow. next possible target shown in the...
It is forming diogonal ,I was expecting it to touch 43615, Before it did not touch that.Before that we have seen redcandle on 1 st december just below my level ,1 st december high was 43515, unless bank nifty strongly ckoses above 43615 we need to becautious, As corrections in diogonal occurs speedily. Be it leading diogonal or ending diogonal. Let us see if it...
SAIL preceeding as per prediction. its next target shown by arrow no 1 It may face resistance there. Ultimately next target is too with in its reach. My JINDALSTEEL AND POWER post is also rocking. I had mentioned it as the strongest stock in steel ssector. Will try to study and post jindal steel and power chart again. follow me to get uopdates.
please go through my last posts o SAIL. Now it is trading above 20,50,and 200 dma.20 dma earlier had crossed 50 dma. Any relaxation in China going to fuel commodity rally. My targets of SAIL is going to be achieved it seems. don't forget to like my post. follow me to get updates.
At first nifty touched 18701, Huge call writters pushed that back. only after little pull back it started rising it paved its way to push call writters to exit and then proceed to touch my two targets. 18714,and 18799. with so much negative factors indian indices are not loosing momentum. Lock down in china is a blessing for Indian stock market. Hongkong market...
What a turn around today. First the correction which ended at 42880. Indeed I was expecting it be 42888. more or less it touched that. then it turned upward just from my level. And this low for the day was not violated. close for bank nity is 43231. and it appears to me this wave going to be little bit extended, But if we get retracement that will be...
Sectoral rotation taking place. Today was the day for FMCG sector. most of the stocks has break out. It seems hindunilvr is heading towards more than 2700 in near future. My recents posts are attached here with.
unless bank nifty closes above 43114 and wl line on closing basis no buying should be initiated. Inface yesterday though I could not post here I had categorically told in advance 43114 would act as strong resistance. Bank nifty had stalled near that zone. I had told in my last post some retracement expected from bank nifty. that had happened with bank nity with...
of course it has closed positive on last Friday closing above it. it appears it will jump from this congestion zone . quarterly result performance is not affecting stock price for example Bhel. Though its quarterly result is not so good It is having a spectacular rally. SAIL and BHEL happen to be maharatna public sector enterprizes of govt of India. Looking for...
when whole ofthe bunch of stocks were rising the adani stoks were correcting. adani has touched 20 dma recently. It appears some flat correction is going in it. one can go long with stop loss shown in the chart. Go through my posts of adani which always hit the targets. Don't forgrt to like this post. follow me to get updates.
We have seen prolong rally in Bank nifty. it seems there is likely to be some pause going to take place. But afetr the pause the up trend likely to continue. Go through my previous posts of tank nifty.It is right on the track. In one post I had mentioned ,42284 as an important level and placing the stop loss there. on intraday basis it had violated that level but...
Well that can be reached tomorrow.. Next possible target shown in the chart, just fewdays back I had mentioned " bank nifty has been trading in most congestion zone,and its break out is imminent" Last week's range was narrowest in prior last seven weeks. and yesterday was its NR7 day. Go through my previous charts direction from me always clear and targets...
Minutely I have studied bank nifty . Of course not published here. Simple reason many viewers few likings. Broader chart of bank nifty . It should touch 42670 soon. this was earlier stated too. Go through my past published charts of bank nifty, attached here with.
After lower than expected result it has gone abc flat correction. which has corrected 61.8 percent of precedingng wave. what a coincidence for SAIL. Govt has withdrawl export duty cut for steel sector. Though this will benefit jsw steel much but there will be increase in demand for steel sector in domestic market. SAIL should take U turn from this...
In the lst seven weeek ,the range of bank nifty was narrowest, It was 657.30. Of course I have seen bank nifty trading in two consecutive weekly narrow range. it some times happens. its imminent break out may take place. Please keep tight stop loss below 42284. any dip is a buying opportunity. I think my next target of 42600 will be met tomorrow. Please go through...
Please refer my earlier posts of bank nifty. let us see can the option writers prvent bank nifty from touching this target. it seems not likely today. of course last one hour still left. But call writers may not allow to touch 42600. please go through my earlier post of bank nifty. follow me to get updates. don't forget to like this post.
it appears bullish trend in bank nifty may continue for the time being. any pull back is an opportunity to buy. Next target of bank nifty as shown in the chart, We may get some intraday dip a or one day decline that should be an opportunity buy. out look for bank nifty is very positive. please go through my previous posts of bank nifty which have been...