nalinakshi

nalinakshi

you can see again the ;evels of 428.

nalinakshi Updated 

it appears like that onn the chart

nalinakshi

nifty the day is made low of 9685 it closed at 9710. if you see the candle stick pattern no previous candle closed at 9731. even though they made low. now 9685 is the crucial level to watch out for, on closing basis , if it breaks 50 day moving average is at 9280. will it happen quickly or will it be time wise correction we need to see. AND IF YOU...

nalinakshi Updated 

If we see the up move from 6695 to 10,178 took 39 days. of labored hard up move vanished in 7 days of price correction. Now 9813 price is showing some demand why, because where I have put the dotted lines nifty has bounced multiple times from that price area. even if you see to the left of 6695 price action , price broke out to the upside with as many...

nalinakshi Updated 

PULLBAC MAYBE SEENUPTO 9999 AND 10040

nalinakshi Updated 

Here i want to discuss price action especially yesterdays action. I have highlighted the candle formed yesterday. You have read about the candle stick pattern of Doji, long legged doji. Here this candle stick shows the agreessiveness of lthe war fought in between bears and bulls. i want to analyse few things about the price action. though...

nalinakshi Updated 

you may see temporary support and tuurnaround over hhre for athe day

nalinakshi Updated 

now you can see price exhaustion on this , so one can see correction to fair value on this share price

nalinakshi

iff this is violated youu wil see more downside. chart is week on weekly chart too

nalinakshi

but the up move could not sustain as major sellers are at the price of 770. fundamentally it has not given good quarterly result, that also count for its fall. 47 2 was the low made on the previous quarterly result day, but amazingly ignoring all the things stock went up only to fall. , it may not fall immediately, it may temporarily take support...

nalinakshi

will it jhhold, if not you will see the levels of 1151. You can see M pattern over here too

nalinakshi Updated 

what next , you may see sbi touching 248 , where one can look for buying for the Long term

nalinakshi

646 forms the 38.2 % retracement from the previous swing low of 439.68. now it may make another attempt to go up to 755 , only price action will confirm its move on monday

nalinakshi

as long as the price is above 246 on closing basis,

nalinakshi

since the right shoulder of M is little less than the left one , it is possible that ou may see pull back to the level of 121. price may or maynot touch 206.8, watch out for the price action on Monday

nalinakshi

9955 shouuld nnot break follow through, if so you will see more selling

nalinakshi

trend line suupport at 9959. if it breaks this we will see more selling.

nalinakshi

so one can go long for the target of 675 and 680