mklives

Bank Nifty is nearing very strong support zones.. cluster of short and long tem trendlines convergence.. although it can have a minor correction and can resume the uptrend sometime soon..

BANK NIFTY.. double top.. at support Stuck between 20 and 50 dma Negative Divergence...

NIfty is most probably forming a bear flag and can break down to lower levels. on daily chart it is holding 100 dma but very weak.. longs should be avoided. tradingstrategyguides.com

BANK NIFTY.. double top..negative divergence..at 50 dma..

CANFIN homes is trendling up on a upward trendline. but is at strong weekly resistance it has weekly 100 MA and weekly trendline as strong resistances. any break below the rising trendline can have a serious correction.. avoid longs..

SBI may have formed dark cloud cover on daily chart.. confirmation will be after tomorrows candle. todays high will be crucial levels..

Nifty is forming negative divergence on weekly charts.. and unable to sustain at 12000 levels.. expecting further correction..

HDFC is resting on the trendline.. a close below can trigger downside..

Manappuram at critical support..and at 50 dma.. break below takes it to 100 dma.. any break below can signal a top at 140s.. can test 122. sell on rise..

TITAN..still inside a channel. thought weakening. if it breaks the channel can test 20 weekly MA keep a watch

BPCL has broken weekly trendlines and is current sitting on its 50 weekly MA. Break below the 50 weekly can continue the downtrend..

SBI is currently holding trneline support. but has fallen from the high forming a triple divergence. break of immediate trendline can trigger a fall lower to the trendline below ..

MIDCAP index faced stiff resistance on weekly cloud, weekly trendline, and also weekly 50 dma.. looks weak.. and there is no pick up in earnings of the midcap.. be cautious if you are investing..

Bajaj finance faced stiff resistance as suggested in the last post. will be a sell on rise.. considering previous behaviours at trendline of rsi, a big sell off is not ruled out

Bajaj finance, the strongest stock in my books might be reaching its climax soon facing strong resistance at its long term trendlines..

Bajaj Finserv..rising in a channel in between two trendlines.. forming a similar 1 2 3 pattern in the process of negative divergence. one of the strongest stocks in the market.. at a trendline support,, showing signs of slowing down..

As posted before about divergence and RSI clues..nifty tanked today after budget with RSI making lower high.. todays high is crucial.. mondays candle will confirm whether todays resistance is a short term top...

Nifty on Monthly charts is heading into some resistances in the coming months also seen is negative divergence.. interesting times to come..