Tuesday, September 27

BHEL ITC Crompton Price Channel Analysis

BHEL

 

 
Intraday Traders can use the below mentioned levels

Buy above 144 Tgt



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Monday, September 26

Nifty complete ABCD pattern target,EOD Analysis

fii
  • FII's sold 18.6 K contract of Index Future worth 1120 cores ,22.5 K Long contract were liquidated by FII's and 3.9 K short contracts were liquidated by FII's. Net Open Interest decreased  by 26.4 K contract, so fall in market was used by FII's to exit  long and exit  shorts  in  Index futures. With self-confidence & Perseverance, Never Give Up
 As discussed last Analysis   Now for next 2 days range of 8910-8928 is very crucial zone unable to close above it nifty can see another round of down move towards 8760/8700. There are 2 cycle working currently for nifty one from 8968 which was price and time square and another one was from 8750 , both are price and time square, market has to break anyone of the level for trending move, else we will keep rotating in this range. Bulls need a close above 8928 for a move till 8968/9056/9120, Bear below 8700. Bulls again failed to close above 8910-8928 range, when 2 cycle are at work such choppy moves are bound to happen, its like both bulls and bears are trying hard but none of them are succeeding, Also we are forming a bearish ABCD pattern which showed its effect last friday , we can correct till 8809/8758/8700 in short term. Bullish only on close above 8928.  8715 low

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Bank Nifty corrects 600 points from gann line of resistance,EOD Analysis

As discussed in Last analysis   As seen in below gann chart, Bank Nifty opened at the gann resistance line also opened below 20155 suggesting correction on cards as we discussed, low made 19861 and by Monday we should get our target of 19800/19700. Bank Nifty is trading in a range 20250-19700 doing time correction before the next trending move. Bulls will get active on close above 20155 and bears on close below 19700. Bank Nifty followed the gann line of resistance and corrected back towards gann angle line as shown in above chart, almost 600 point correction in 3 trading session

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Dabur SBI Rel Infra Trendline Analysis

Dabur

dabur

 
Intraday Traders can use the below mentioned levels

Buy above 283.2 Tgt


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Sunday, September 25

Bank Nifty Weekly Outlook and Trend for September Expiry

Last Week we gave Chopad Level 19800  Bank Nifty Longs got triggered on Tuesday did the 1  target on upside ,  Lets analyze how to trade bank nifty in coming  week.

Bank Nifty Hourly

bank-nifty-hourly
On Hourly chart bulls need to held 19750-19700 zone


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