Banknifty Chart Analysis - 27 July 2019 After a one week continuous fall, Banknifty started to show some signals for making positions on buy side. First it has broken a downward trend line of 4 hour, now breaking a trend line even for 1 hour chart. Rsi is also showing a divergence on one hour chart, which means a upward trend is near. Another signal for buy...
Same as Banknifty, RBL bank is making an positive divergence on one hour interval. It also brokeup small trend on upside. There are chances that it may breakout 1 hour trend line in coming days. keep this stock in a watchlist. I will update my post, when a confirm trend started to form in RBL bank.
Breakout or breakdown of a triangular pattern in Ibul, gives a good opportunity for buy/sell. Watch for this level to break.
Tataelaxi was falling down from the last few weeks. Then gave a breakout and started consolidating. Now, it is making n triangular type pattern. Breakout to any upward or downward side give very good opportunity to either short or long for huge profit.