vinayakmoh

vinayakmoh

Enter above the flag breakout. This script is consolidating at low volumes. Breakout can give big move again.

vinayakmoh

Good for long above 508

vinayakmoh Updated 

Ascending Triangle Pattern

vinayakmoh

Rounding Bottom, Strong resistance line is broken. Enter at pullback near resistance turned support zone

vinayakmoh

Wait for the pattern break out - Cup and Handle. There is a good underlying bullish momentum.

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Cup and Handle - Possible Break Out

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Market outlook for next week - BNF has closed with good bullish candle in daily timeframe. Indicators like RSI and MACD is showing great strength and shows the rally can continue for some more time. With the festivals ahead in coming weeks, banks posting good results and Biden winning election is a positive sign for index and BNF. Covid fear is still hanging in...

vinayakmoh

Today BNF entered the long channel that it broke in September. The lower channel line is respected from May 2020 and is acting as a good support and resistance. With todays break out with good volume should give BNF a good boost to sail through 26500+ points easily in coming weeks. There are some gaps to fill on the way that was created by the fall during covid...

vinayakmoh

My View of BNF. I see BNF to struggle and find its way till 25100-25200 this week, the momentum is bullish till 24150 support is broken and I see a trend line resistance and support that is being followed from May and October respectively. Another perspective is BNF is forming a rising wedge pattern to enter the channel that is formed from June, not so very...

vinayakmoh

SBI is bullish if the long resistance @198 is taken off. Target 211 and 231 there after. Trade can be taken now at the levels of 185-187

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Bank Nifty may test 32400 tomorrow in morning hours tomorrow. It is bullish now and any dips towards 32200 can be accumulated.

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Upside target is open if small resistance of 11398 is broken, Target 11500-11600.

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In weekly time frame it has formed a bear flag and broken the flag. It has a strong support at 314, this level is tested multiple times and if decisively broken then it should give a nice fall. Option chain looks week till 300 and there is a Option chain support at only 300.

vinayakmoh

Nifty is at its support zone that can see some buying if it breaks below the current level of 11200 downside is open. Let's wait and see what is in store for up coming weeks. Also taking support at Fib 50%, breaking that will be a trend change and can see further fall.

vinayakmoh

Balkrishna Industries nearing support, bulls can keep an eye.