jashjacob

jashjacob

Quite similar to Nifty Index, Bank Nifty index has taken support at the same post budget gap up zone. Buyer strength shown in both index can be identified has good bounce back in the coming days for the Indian markets.

jashjacob

Nifty took support at GAP UP zone from the day after budget announcement. Market saw a wild downtrend in the last week and broke long term trendline on 18th march 2021. Strong support was taken on 19th March and reversal has been seen. Stay due course, we should see market recover back to 15000+ zone in NIFTY.

jashjacob

GOLD has been trending down in the past few months, price still looks weak. It has made a parallel channel on the downtrend. It's forming a reversal at the bottom trendline as of March 2021. We may see some good buying momentum if price takes support in the following area.

jashjacob

ADA has made fresh high in the last two weeks and has been consolidating on the downside forming a good triangle structure. Price sustaining can see ADA breaking out on the top side. Volumes have fallen from the highs. Good volume is required for a good upmove. Otherwise we might see a breakdown.

jashjacob

8th Feb - Tesla announces investment in BTC. BTC shoots up almost instantly. Added VPVR (Volume Profile Indicator) shows the gap up zone has very low traded volume across a huge range. This was due to a lot of panic & FOMO buying after the news announcement. The week leading up to that saw continuous ATH for BTC and subsequently a correction of price just about...

jashjacob

Breaking Long Term Resistance. Good to enter if breakout sustain. Add positions in dips! Good position to take for long term.

jashjacob

Reliance has been looking weak in the last 2-3 weeks with a lot of negative sentiment. Price has been trading lower providing long term investors with some very good entry points during the trading session. Breaking the 2000 sentimental price will require some strong buying in the coming days.

jashjacob

BEL has already broken out from Cup & Handle formation. Could it possibly touch ATH? Most certainly with the push for more Make in India initiative by the goverment. Things are looking positive. Overall, Bull market is pushing the largely underperforming stocks to move to fresh 52 week highs.

jashjacob

ETH has rallied up in the last two trading days to reach fresh highs in a long time. We are seeing similar run to Jan 2018 in the mix. Yellow Trend Lines show long term levels with respect to the 2018 run up. Green Trend Lines indicate short term support & resistance. If price sustains over each of these Trend lines, we wil see price moving up. Corrections will...

jashjacob

CAMS is a fresh enterant into the market which it's IPO opening up in October! It gave decent gains to the IPO investors but not sufficent enough as expected. Price fell from the IPO bell open and it's been under profit booking until last three weeks when it broke the IPO Open day high and the price has been rallying upwards. CAMS is a great business to own. As...

jashjacob

COALINDIA has been running up for the past couple of trading sessions and has inched very close to the resistance trendline. Breakout on upside possible if the price sustains over 137. If the price does not sustain, we will see profit booking and reversal.

jashjacob

BNF is making fresh high in the last week. Lot of pundits in the market are bearish on Bank Nifty gains in the last week but the market is all more pushing itself up to new high. Biden Victory has added more fuel to market gapping up on 9th Nov over the parallel Channel respected in the last few months. Will this sustain or will we see a retracement? If it...

jashjacob

In the last few trading sessions, we have seen huge sell offs in Reliance. NIFTY has sustained below 12000 for over a few trading session but reliance value has been bleeding out. The case between Amazon - Future Group - Reliance has been in the lime light causing much trouble in the investors minds.

jashjacob

Second chart from the series of taking a look at the week that was in BankNifty. This week was very bullish trend in the market. This chart indicates the overall breakout of the BANKNIFTY from it's bearish trend. The previous two trading sessions have...

jashjacob

Looking back at the charts give huge context and meaning for the next trading sessions. This is a small series of charts I want to publish on a weekly basis looking back in the last week trading session of index - specifically Bank Nifty. From the previous chart I had posted regarding looking back at Bank Nifty in the last three months, we can get the overall...

jashjacob

BankNifty was sideways through July until the breakout in the last week of August 2020. With this breakout, huge volume was noticed across the board in all bankings stocks. Only to see the news regarding the what's going to happen with the Loan Moratorium drag it back down. The entire gains were wiped off and many retail investors were stuck in the August month...

jashjacob

5th October saw huge profit booking in reliance against very good news of investments in Reliance Retail over the weekend. Investors are consolidating positions in Reliance. Overall, Heavy-weight like Reliance was in consolidation impervious to the trump's sign of relief. DOW^ has seen huge reversal from last market close to today open with Trump's health information.

jashjacob

Last week has seen tremendous downfall in the global markets with the COVID-19 vaacine no where to be seen. Major markets reacted to supposedly possible "LOCKDOWN 2.0" in many other parts of the world. In India, We have seen NIFTY react and fall below 11400 & Bank Nifty make huge falls in the last few trading session. Investors weary with the major markets...