pravinrajp

pravinrajp

Banknifty has been on the rise for quite some time now. In doing so it has formed a rising wedge in the weekly time frame. This would mean a downslide at some point will need to watch for it.

pravinrajp Updated 

If you notice that Nifty is moving upward clearly in a channel. The current analysis is based on this simple idea. If you notice 18000 has been a huge area of interest at various points.

pravinrajp Updated 

This again a simple trendline based analysis of banknifty. This looks unclear at this point. In my opinion it headed based on the weekly timeframe.

pravinrajp Updated 

The bank nifty's long standing trendline got breached and the move upwards does seem positive. Incase this upmove does take support at the current trendline then it could be bad to disaster looming for the market!!!

pravinrajp

There is a cup and handle formed in the daily chart of HEROMOTOCO

pravinrajp Updated 

HDFC bank is trying to settle back in to a long term trend

pravinrajp

HDFC Bank is stuck with in a possible range, the false breakdown of this range confirms it's validity I guess. The current move up to the top of channel is waning in volume so not sure if the mid line of parallel range might act as a resistance.

pravinrajp Updated 

This may be possible down dip to 123-124 range if the current channel as well intermediate possible resistance levels shown.