Given this is expiry week and how the candle formed on Friday, if Price reversed there is a support @2688.
COFORGE experienced stronger bullish rally and hit the pull back. momentum of pull back is very high and lots of strong bearish candles back of expanding volume, signifies, weaker pull back strength.
Based on Pull back analysis, TCS might settle in range. In order to enter it has to break (1) or it will form a complex pull back structure.
Look at the chart, NIFTY is already touched all time high and bank nifty to follow. November 4th it broke the accumulation range and started forming HH and HL. Momentum is too good. I thoughi it might correct today, but it is a gap-up open today and most of the day it remained within the opening range (or forming a typical day_) and closed little higher than the...
Bank Nifty Might go through a short term retracement and continue its bullish move for next week. Seems US elections will settle down as we know who is next president already. SO market should take this positively.
Reading the chart of Bank nifty 45 min. It seems like market is in bullish move , but what we are seeing might be a artificial markup. (Given US election tomorrow, we expect some bit of volatility, my take is the market will be more volatile on the day of results than tomorrow).
Maruti Breakout @7120 will take it till 7000
Go Long on nifty50
HDFC Bank - Confused State - Waiting for confirmation
Potential Positions are 10700 PE (higher prob) or 11140CE (lesser prob)
1. We can see a sharp reversal in last 2 candles, speculated to go Bullish (at-least short-term) 2. Bulls are being supported by 1SD Bollinger Bands, you can see how the prices breached 1SD BB, this will eventually go back to the mean, it is possible only by moving in upward direction. 3. Second confirmation is Harmonic Patter, it is a solid Bullish Harmonic. 4....