jashjacob

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 been studied in the below chart. October 6th Trading Session BULLISH MOMENTUM IS CONTINUED FROM...

jashjacob Updated 

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

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 Updated 

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...

jashjacob Updated 

As per the FOREX GOLD chart idea I have been posting in the last few weeks, the gold is in accumulation stages and GOLDPETAL Contracts are being traded in the MCX with good volumes. The following idea shows that GOLD has had very strong RSI with above 40 in the last two months. Price breakout chart in USD can be seen below for XAUUSD.

jashjacob Updated 

As per my last week idea, there was a strong rejection zone formed on the upside. In the last trading sesssion we saw GOLD break the drawn Rejection line with a small breakout above into our accumulation zone. Currently, GOLD has taken support along the previous rejection line.

jashjacob Updated 

From my chart last week, We saw the breakout as per the idea I had posted. Reliance is still BULLISH. Reliance Retail arm is still looking to add in more investments in the coming weeks. They've litreally put SoftBank on hold for investing in Reliance Retail. The deal of 20B$ from Amazon in Reliance Retail is yet to solidfy. Long positions away!

jashjacob Updated 

Still there is no good news about any vaccine regarding COVID-19, there is still heavy hedging by investors in Gold to protect their funds. Gold is within the accmulation zone and has been range bound in the last few weeks. Downside breakout was tried but failed and bounce back was seen in the last 2-4 trading session. GOLD is bullish.

jashjacob Updated 

In the last two weeks, lot of intresting news coming with Reliance Industries, first the retail division has picked up stake in Biyani's Future Group and subsidaries. On the annoucement of this news, there was heavy profit booking seen by long term Future Group company stock holders. On 9th Sep, News brokeout Reliance Retail has taken 1 Billion dollar investment...

jashjacob Updated 

To update from the last week's rejection line, it broke upside and returned back to the accumulation zone. This week could very well see a uptrend with global markets taking a hit on thursday and friday.

jashjacob

Federal Bank has been in accumulation zone for the last 40+ trading sessions, bouncing around the 50-58 rupees range. We had a good breakout over 60 rupees last week but with the negative news in the market with AGR uncertanity and Loan Moratorium. Bank Nifty stocks have taken quite a beating in the last 3-5 trading session from the recent high. This is likely to...

jashjacob Updated 

BSE:FEDERALBNK Volumes have spiked to 130M during the Aug 28th Trading session. Federal Bank showed a breakout with huge volume after weeks of consolidation between the INR50.00 to INR58.00 Expected Federal bank to reach next level of consolidation from the next trading week. Banknifty saw gains of over 4% during the same trading session. OANDA:USDINR fell...

jashjacob Updated 

Gold prices can rally beyond breaking the rejection zone. It is still in the accumulation zone as per my previous post on the gold chart, We have see two false breakouts happend in the last two weeks beyond and below our accumulation zone. Bear zone is also indicated. If price falls to that zone, bears take control.

jashjacob Updated 

NSE:SBIN is still making higher lows within INR200.00 range for the last few months. This is with reference to my post on Aug 5th when first suggesting that SBIN has been making higher lows and the time frame rapidly reducing for the swings. Breakout can be expected once it crosses the sentimental INR204.00 range.

jashjacob Updated 

NSE:RELIANCE made it's all time high in the last couple of weeks and the price has been range bound ever since with huge profit booking taking place by investors who entered in the months of June at lows of INR 1200.00 - 1400.00 Reliance will move again after this consolidation phase which may last for a couple of more days. Reliance tried to break INR 2150.00...

jashjacob Updated 

An small analysis of the accumalation zone for GOLD. If gold falls below the Bearish Signal, we can expect price to fall for quite a bit.

jashjacob Updated 

With DeFi contracts locking up ETH, the demand for Ethereum has spiked in the last three weeks. This has been building up for months together. ETH to settle around $380 - $420 range for a couple of days.

jashjacob Updated 

Goverment of India has stated that defence requirements in India will be made by India and reduce any imports. This has seen a direct effect in companies working for the defence sector like NSE:HAL , NSE:BEML , NSE:BEL , NSE:BDL & so on. BHEL has also seen it's fair share of buying in the last week with the news annoucement pushing all defence PSUs higher....