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GENERAL ELECTRIC COMPANY, ISHARES MSCI EMERGING INDEX FUND, SPDR S&P 500, UNITED STATES OIL FUND, MAGNEGAS APPLIED TECHNLGY SOL INC, ADVANCED MICRO DEVICES, INC.
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BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
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Every time the index breaks its trend line it goes down pretty hard.
Plus the P/E ratio is at 55 which is really high.
All thoughts welcome
our script is telling that market is nearly overbought and big coorection to downtrend is pssible
Tenken sen 24621 & 24858 kijun sen may offer good shorting opportunity .
Looking at the current scenario, the situation doesn't look good bank nifty can easily slip at 23500-23800 levels from here which is pretty much likely and if doesn't stop there it is going to slip to 20000-20500 levels where it has a strong support level. On the upside it has a huge resistance around 26000-26200 level, so to move upside it has to break ...
If it breaks 25200 then it will return back from 25400. Its my opinion.
Please see chart above.
Bearish flag developing on daily chart. Same can be seen on Nifty chart. Its my opinion , please do your own analysis before taking any risk.
Please share your views in comment section.
#BANKNIFTY trading at support Level and now stock can move toward 25750-25850 soon as Banknifty have support at level 25550.
today bank nifty closed below 20 ma which is bearish and hanging man pattern
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25630-25730 may act as resistance zone
Bullish Trend only above 26000
Any pull back rejection at Tenken sen 24621 & 24858 kijun sen may offer good shorting opportunity .
NSE:BANKNIFTY: We can expect rising wedge break on hourly chart tomorrow , BankNifty will move down to next support levels. Its completely my opinion.
Appears BNF approaching towards the key S3 C-pivot support which is coincidently the previous support zone.
Coming weeks could possibly see the zone of 23300-23600 which could act as a strong support.
Bank Nifty is at Multi-Month Support level of 25138 and consolidating for last few days.
If this level sustains and price bounces off, go long at 25355.10 PDH+buffer, yeah 200pts movement is common these days ;)
if it breaches the current level go short at low of breaching Red candle with target at next important support at 24473.13
120 points made today..
Bulls managed to defend Trendline support
BN has corrected way much more than Nifty. And looking at monthly charts RSI is showing a reversal. Is this the multi year top may be but Nifty is looking far better than BN.
Nifty -- Breach of 10900 levels would mean ( Multi Year Top )
Let's see how BN moves ahead in next 2 months -- 26000 - level to watch
this chart can understand only the tech person. Please check out the fib golden ratio and Elliot wave theory. Bank Nifty -1.30% is possible in the correction phase and can be dump hard.