Stox_Ware

Stox_Ware

www.tradingview.com Banknifty has either two of the possibilities mentioned in the chart. If selling pressure continues , the first stoppage will be 46900 and then 46500. If reverting from here, the immediate level will be 48000 and 48200.

Stox_Ware Updated 

www.tradingview.com BANKNIFTY: After reaching all time high, Banknifty is getting continuous rejection at 48000 level. While looking at RSI, it is showing double divergence. It suggest for retail traders and even big players, dont be too bullish. Be very careful with hedge position or StopLoss. If you are not started thinking towards pullback / correction, I...

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www.tradingview.com Banknifty has left the gaps opened below which is dangerous for retails especially new traders / investors. All these gaps has to be filled. To fill the gaps, BankNifty has to fall atleast the level of 42300 which almost 5500 points below. It is suggested not to be bullish here in terms of investments because BankNifty is at all time high...

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www.tradingview.com As analyzed just 1 day before, it gave almost 4.5% in a day.

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www.tradingview.com RBLBANK: After a long consolidation, it has made a Cup & handle pattern which depicts the Bullish Breakout. The Fibonacci Extension as well as Fibonacci Retracement has superimposed and making a confluence to the prediction. If you could see the volume as well on the same Daily timeframe chart, it is continuously increasing everyday which...

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www.tradingview.com BANKNIFTY: The daily chart shows a rising wedge pattern with a big reversal candle. This means the bears are ready to take over. There are many gaps that haven't been filled yet. This kind of rally based on news is not realistic and can hurt the new traders or investors who get tempted by the quick returns. But when the market corrects, they...

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www.tradingview.com BankNIfty: As it has given a massive rally today, the problem in this bull run is, it has left several big gaps below opened. This will invoke the Gap theory where we say " Every Gap has to be filled and No gap will be left behind". Thinking of this theory, BankNIfty will fall severely and will come down to fill the gap. Be ready for Bull...

Stox_Ware Updated 

www.tradingview.com RELIANCE: Currently it has given a breakout on its daily chart at Fibonacci retracement level of 38%===>> then touched 50% ===> Came back on 38% for ReTest ===> Then Given a confirmation. It seems it is ready to give a mass Rally at bull side.

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On Expiry of 8th Nov, after making so many DOJI in continuity, do you still think a the last candle will make BankNIfty bullish? Currently it is at crucial stage from where a pullback is expected. Don't forget, there are multiple divergence on the last candle on Daily timefram.

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www.tradingview.com NIFTY-50: While looking at Daily or even Weekly chart of NIFTY, it has formed Cup & Handle pattern. While looking at Fibonacci, it is at 23% and there are multiple divergence over there on the weekly chart. It indicates that it can revert from here

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www.tradingview.com BANKNIFTY : There is a high chance of pullback / reversal from here as the current level is very strong support. Moreover there are a few divergence points on the Daily timeframe chart as well as on Fibonacci retracement. In the worst case situation, if it gets breached, 43200 can be the next stoppage as the 200-SMA is crossing at that level.

Stox_Ware

www.tradingview.com BankNifty taking support at 20-SMA and seems ready to bounceback. One can think for future positions in LONG side.