FOR EDUCATIONAL PURPOSE PNB IS UNDER UPTREND CORRECTION AND TAKING SOME REST AT FIB LEVEL 0.382 BUT IT MAY FINALIZE IT'S CORRECTION BETWEEN 129-131. WAIT FOR CLOSING BELOW 139.
FOR EDUCATIONAL PURPOSE AXIS BANK SHOWING CONSOLIDATION IN THE FORM OF BEAR FLAG AFTER A SIGNIFICANT DOWNTREND. AND UNABLE CLOSE ABOVE THIS FLAG TO NEGATE THE PREVIOUS DOWNTREND BUT FELT RESISTANCE AT 505 AND DROPPED AND FURTHE IF IT CLOSES BELOW 482 THE A SMALL CORRECTION TO 455-465 MAY HAPPEN.A CLOSE ABOVE 505 A DECENT UPTREND WILL TAKE THIS TO 555-560
For educational purpose The whole stock market is in a strong BULL Trend but for that after a uptrend a consolidation of minor correction is needed to maintain the mother trend. Below 8792 a swift correction to 8660-50 may happen or above 8860 a small uptrend upto 8925 may be seen. but after 1000 points relly evryone whose is holding profitable positions wants...
For educational purpose After a long (2 months) uptrend a correction in needed to go up further. So gap up opening is suggests that if BANKNIFTY CLOSES BELOW 20450 WILL OPEN THE CORRECTION WAVE OF 5 WAVE UPTREND.