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Lesson Posted on 29/07/2020 Learn Technical Analysis
Saikummar Dasoju
I m a trader and investor in the Stock Market for the last 15 years. I am conducting online courses in...
I. Economic Analysis
II. Industry Analysis
III. Company Analysis
Lesson Posted on 15/07/2020 Learn Technical Analysis
BanknIfty Update for Jul-15, 2020
Ninad
Banknifty opened Gap Down and continuously moved down. In the last two days, it almost falls more than 1200 points. We can capture this move from nearly the top of 23000.
Lesson Posted on 15/07/2020 Learn Technical Analysis
Ninad
The daily VIX chart shows the formation of Doji candles at the bottom and reversal. The daily RSI crossed the previous resistance level of 40. The MACD signal gave bullish crossover suggesting bullish move in VIX. So the daily chart shows the possibility of VIX moving towards 28 levels in the coming days.
The weekly chart shows the formation of wedge and reversal from the bottom. VIX may move towards the upper wedge line @ 29-30.
So VIX suggesting the bearish mood of the market and hence the high possibility of fall in Nifty-50 and Banknifty in the coming days/weeks.
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Lesson Posted on 14/07/2020 Learn Technical Analysis
Bullish Stocks to watch for Week Jul-13-17, 2020
Ninad
Lesson Posted on 12/07/2020 Learn Technical Analysis
BankNifty Update for Jul-13,2020
Ninad
Banknifty did all our targets below 22700 (22500 & 22350). Low made was 22320.
Lesson Posted on 10/07/2020 Learn Technical Analysis
BankNifty Update For Jul-10, 2020
Ninad
Banknifty opened above 22700, our level for long entry and completed target of 22900. It was rangebound throughout the day between 22700 and 22900. Only in the last hour, it moved sharply towards 23000 levels (top made was 22998).
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Lesson Posted on 09/07/2020 Learn Technical Analysis
BankNifty Update For Jul-09,2020 - Weekly Expiry
Ninad
Banknifty opened Gap up @ 22700 and then achieved all our bullish targets of 23900/23000. But the upmove was very choppy and looked like a terminating pattern and was not easy to trade. So I did not take a trade on the upside.
Lesson Posted on 08/07/2020 Learn Technical Analysis
BankNifty Update for Jul-08,2020
Ninad
Banknifty gave first trade today. It corrected on the downside in the first hour and consolidated for the next 2 hours before it gave sharp upmove and completed our targets of 22450/22550 and almost done 22700 (top made today was 22674).
Lesson Posted on 07/07/2020 Learn Technical Analysis
BankNifty Update for Jul-06, 2020
Ninad
In the update for Jul-02 post, I mentioned "The hourly chart gave a bullish MA crossover. Bullish crossover after bearish crossover suggests the rangebound possibility. The range maybe 21300-22300."
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Lesson Posted on 07/07/2020 Learn Technical Analysis
Ninad
Banknifty opened Gap up 400+ points, and then there was not much of trading opportunity as it was rangebound throughout the day. There is still a possibility of upmove towards 22500/22700, but the daily chart is showing a lack of momentum.
It is interesting to observe that Banknifty did not break the top made on Jun-24 @ 22479 though Nifty-50 made a new top. So there is a divergence in Nifty and Banknifty. It is a sign of weakness unless Banknifty catches with Nifty.
Jul-07 is the Gann date (minor time cycle). It will be interesting to watch whether it breaks Jun-24 high and reverse or continue upmove.
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