bijoy2526

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...

bijoy2526 Updated 

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...

bijoy2526

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...

bijoy2526

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...

bijoy2526 Updated 

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.

bijoy2526 Updated 

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.

bijoy2526

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...

bijoy2526

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...

bijoy2526

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.

bijoy2526

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...

bijoy2526 Updated 

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...

bijoy2526 Updated 

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.