bijoy2526

bijoy2526

It seems pattern developing is of bearish butterfly Incase of that it seems some upside movement left for the stock.That is 127% to 161.8% XC.

bijoy2526

Still stochastic indicator not in over sold condition. It seems some more upside left for it. I will try to explain in the next chart. How ever short can be initiated if the trend line is broken decisively.

bijoy2526

1 st target yes to be achieved. Can that be soon?

bijoy2526

please check my stock idea on 12/06/2019.

bijoy2526

It seems price can touch 730

bijoy2526

Diversion seen in case of oscillator and price. Breaking of the trend line will take it to target 1 and target 2 minimum

bijoy2526

support resistance for nifty

bijoy2526

Idea posted yesturday

bijoy2526 Updated 

WATCH SAIL

bijoy2526

Let us see if it comes down

bijoy2526

SAIL has exhibited NR7 days consecutively for 3 days. Almost has bullish gartley structure with maintaining proper stop loss . target 38%,61.8% and 1.618 retracements Trade cautiously as SAIL always trade in the direction of nifty If nifty goes down it may also go down.

bijoy2526

Stop loss above D For target 1 and target 2

bijoy2526 Updated 

From median to R2 cheers

bijoy2526

from median line to R2 Cheers

bijoy2526 Updated 

From R1 to support Got it?

bijoy2526 Updated 

Support and resistance levels shown in the chart

bijoy2526

Proceeding to towards the median line. Little lateto take up trade now. Risk/Reward may not be favorable

bijoy2526 Updated 

As anticipated by me on 5th june, possibility of correction of bank nifty from 31540 to 30916 bank nifty had corrected a little deeper and has bounced back. Whole path of bank nifty is well confined in the slightly modified pitch fork. Possible supports and resistances level have been depicted in the chart. Most probably bank nifty will react at those levels.,,