YES BANK moving up from an Inverted HS.. cn test 200 dma and the gap if possible
lets try shorting in the market..haha short manapuram with stop at 121.5..first target 114 115.. note: ths is my personal view only
Bank nifty on the log scale looks to have a confvergence of trendlines on the long term charts.. can be a serious resistance.. refer to chart or info.. But market is King..
Is Bank Nifty repeating the pattern ? Please refer to the circled portion of the chart..
Care Rating is shwing weekly postive divergence.. looks good for a buy on dips with target of 1150 1160 which is also weekly 50 mov avg and 200 daily mov avg note: this is my personal view only
SBI today moved in between 3 daily moving avgs..50 100 and 200.. a decisive move either way is required for any trades.. note: this is my personal view only.
VGUARD after a non stop rally from 180s to 220..time for some correction.. SL marked in red line..Targets in bluelines
Please see chart for info... this is my personal view only.
HDFC..formed a HS and retesting neck line and today closed exactly at the convergence of 3 moving averages..what a beautiful thing to see.
Nifty with todays rally is nearing important resistances.. with election dates to be announced pretty soon, the market reaction can get volatile (historically march 1st week , dates are announced). its in flat zone where no one really knows what the movement will be..
HCL Tech tested 1080 1090 and again falied on the second attempt and close below 20 dma and is at important support Looks like it will break and go towards 1000. NOte: this is my personal view only
TCS forms a bearish engulfing on Daily chart,, any pulls back can be used to sell
Motherson Sumi had a big move last 3 days..momentum might take it higher.. moved far away from short term averages. Targets 156 142 Short march futures at red lines (cash levels) note: this is my personal view only
NIfty on shorter time frame might be forming a head and shoulder. todays move a big rejection and todays high can be a resistance
Bata india has been enjoying celebrity status when everything was being thrashed. looks like the status is coming to end it has formed a evening star type pattern.looks like the much awaited correction atleast 20 dma is on the cards.. lot of faces will be smiling now :)
TCS is entering support zone. and is highly oversold on 2 hr timeframe chart.. expect a bounce back.. Support and resistances shown in chart Note: this is my personal view only
Escorts trapped between 20 dma and 200 dma.. trapped between trendlines..trapped between gaps.. a trend can be decided on either breakout or breakdown on either of the trendlines..
Nifty ended up forming a doji or a spinning top as u call it and is right below important moving averages Monday candlestick can be a decider or wait more time??