RajaMegha

RajaMegha

ABCD pattern confirmation giving a bullish target of 12600. After reaching 12600-12700 levels, the trend will turn bearish with a big move downwards. RajaMegha...

RajaMegha

Downward breakout possible after the consolidation is complete. Pennant formation is visible. Wait for the completion and breakout and then enter the trade. RajaMegha...

RajaMegha

Expect the bank nifty to start a downhill ride until next week. Possible head and shoulder formation visible and the existing news setup setting the tone for it. RajaMegha...

RajaMegha

The bullish trend to continue till 24250.. If sustained at 24250, then likely to reach 25000 in next 3 days RajaMegha.

RajaMegha

Downtrend continuation possible up to 22000/21500/21200 Once the 21200 levels is achieved. This is the crucial level to be tested for the trend! RajaMegha...

RajaMegha

193 level is the highest resistance level for the reversal to an uptrend. Expect weakness in SBI to continue. Short for a target of 185/181/176 RajaMegha...

RajaMegha

Supreme court judgement on loan moratorium case is scheduled on Monday 28th Sept 2020. More probable outcome of the judgement is expected to be against the banks which will adversely affect their profits. So more chances on the downside movement expected!!!

RajaMegha

Sell Below 20900 for a target of 20200 Today's uptrend is a short term bounce back. The downtrend is not yet complete. Waiting for the bang... RajaMegha. Out of the Box...

RajaMegha

21000 support level critical for Bank Nifty!!! If broken below, bearish trend will continue with a target of 20350 RajaMegha... Out of the Box!

RajaMegha

Inverted hammer formation in the oversold market followed by a large bullish candle encouraging the bullish trend formation. If the price breaks above 21250, Going for long is better with the immediate small target of 21450. If the trend continues after, later 21900 before trend reversal opportunity at this point. If the prices break below 21000 levels,...

RajaMegha Updated 

Bank Nifty is in an ascending broadening wedge channel since July. But now is in the downward movement towards the support level at 21200. Immediate target of 21450 to next target of 21200 is possible. If 21200 level is a breakout, then the possible targets will be 20350 to next target of 19450 If 21200 is not a breakout and reverses at this level, there will...

RajaMegha

If the trend follows below 21850, Target of 21000 will easily be achieved

RajaMegha

Double top formation at highest resistance price level confirming that trend reversal. RajaMegha

RajaMegha

Trend reversal to happen at 21600 levels and long position can be initiated at this level. /tradingview.com/chart/nnk2Clci/