close at 1824 indicates price will correct. 4 bars highlighted writing the story of correction.
Reversal in short term down trend can be seen and it may reach the target of 10660,. Before successfully crossing this range it has to fight strongly with bears to push them aside. another two or three days nifty may trade sideways before taking direction. probably earnings will guide the nifty. hope it will cross the hurdle as earnings start to trickle down
this is confirmation that price will reverse to the mean level of 347 so break belwo 356 will take it to 347 and odd, so trade accordingly
may correct to the level of 1096
once 391 is broken on the closing basis , you can see momentum down fall to the level of 370
if it trades above 92.8 it will go upto 95 and 97
i this has to be crossed to see ext level in sbin
Interesting candle pattern, it was one of the top gainers in nse list yesterday, but i see correction t to 3 56 SELL at 370.7 stop loss 374.5 to the firtst target of 361 and 356
If this trades above the 1113 , soon it will brak out into next range. And it will be one of the stock to lift bank nifty to 24800 levels.
which seems to bearish harami. so
then what appeared as a fall can be arrested and support bank nifty to move higher . surpass the resistance of 286 to achieve 290,
all the parameters on daily and sweekly shsowing good amount of weakness in this chart, so chances of kgoing down to 8 6 and 83 is more on this chart
RBL bank needs big muscle power to cross 488, if it crossed successfully it may resume its original trend