dvjagadeesh

dvjagadeesh Updated 

After a narrow range within Bollinger band squeeze from end of May till today (Jul 29, 2021), a convincing BB breakout is given by SBI combined with RSI (7) above 65 on a daily chart. Looking good at current price with SL of Rs. 428. It has not only coming out of BB squeeze but also key MA bands cross has happened combined with +ve DMI.

dvjagadeesh

Banknifty seems in a confused state although still positive Bias. Banks like Axis & Kotak signaling some recovery symptoms HDFC Bank consolidating after the dip while ICICI Bank is consolidating after an up move Since HDFC Bank which is heavy weight is still below 200 MA on a daily TF, until it cross above 200 MA and RSI(7) goes above 35, not expecting a major up...

dvjagadeesh

Banknifty Key Levels for Jul 29th 2021 - Overall View mild Bullish Key points: HDFC Bank Which is heavy weight in Banknifty is now clearly in Bearish mode. Also bearish set up seen in Axis Bank & Kotak Bank - This can hamper the up move of the Banknifty (And even NIFTY) ICICI after mild consolidation showed a good bullish signs in today's trade (28th Jul) and...

dvjagadeesh

Yesterday We had good set up for BANKNIFTY to move up as previous whole day price had consolidated and had not breached RSI (7) below 35. However, in today's trade (Jul 27th), although initially it showed strength, it got rejected in selling box as we had marked in our chart yesterday. Once it went below our buying box with a strong red candle, it touched the next...

dvjagadeesh

Bullish view based on below parameters: 1. RSI is taking support within the band (At 35) and whole day it didn't breach 35 level 2. Banknifty in consolidation mode for full day except of opening (15 mins) willd movmenet 3. HDFC bank which is heavy weiight for Banknifty seen buying interest (Although closing is below yesterday but it closed higher than the opening...

dvjagadeesh

Key Levels for Bank Nifty Trade on Jul 26th. Overall view is Bullish. Based on price action and RSI indication, we could see an up move during the trading day.

dvjagadeesh

Key banknifty levels to watch today Jul 20, 2021

dvjagadeesh

Banknifty Key levels for Jul 19, 2021

dvjagadeesh

For the week Jul 19th 2021, Divis Lab looking good at current price considering it has given a breakout both on daily and weekly chart. It is trading at life time high. All momentum indicators like RSI and DMI are showing good strength apart from short term and long term moving averages. Keep 9 EMA level as trailing SL. I am not a SEBI registered advisor and the...

dvjagadeesh

Banknifty key levels

dvjagadeesh

Banknifty key levels for trading on Jul 15th

dvjagadeesh

Key levels for banknifty trade on Jul 14, 2021. Looking at the last hour trade and also sustained positive move during today's (Jul 13th) trade, there is a good possibility that trade can be positive biased at least to begin with the day. However, keep an eye on Global clues overnight which can change the sentiments for Indian market at least for opening levels.

dvjagadeesh Updated 

Tata Steel looking good for a positive move with coming out of BB squeeze and catching up with momentum

dvjagadeesh Updated 

Looking at RSI, MACD showing good positive momentum and stock has undergone consolidation, looks good for a short term / swing trade only if it closes above Rs. 1051 (Not intraday high). Moving average set up as well looking good. Please exercise your own wisdom / consult financial advisor before you make investment decision. This is just a view provided.

dvjagadeesh

Key levels for banknifty trade

dvjagadeesh

Banknifty key levels for Jul 12, 2021 with positive bias

dvjagadeesh

Banknifty Key Levels for Jul 09, 2021. View Neutral with slightly negative biased

dvjagadeesh

Key Levels of Banknifty for Jul 28th 2021. Carrying positive bias with RSI reflected positive momentum particularly last hour of trade today.