Vasu_devan

Vasu_devan

Break out of almost 3 year base. Fundamentals improving. Good to go long

Vasu_devan

NSE:BANKNIFTY 1} The last day fall was mainly due to international events, Such as fall of US bank "SVB" and Inflation data concerns of US. 2} Look at the volume absolutely nothing, This fall seems to be more of emotion. 3} May look vulnerable on Monday / Tuesday, but will eventually bounce back. 4} As long as 39800 holds its a Buy.

Vasu_devan

Four sectors that are outperforming NSE:NIFTY {A} NSE:BANKNIFTY Though not by big margin definitely out performing NSE:NIFTY . Break above 42000 will be a great sign. Stocks to watch out; 1) NSE:CANBK 2) NSE:ICICIBANK 3) NSE:INDUSINDBK 4) NSE:SBIN {B} PSU Bank . 1) NSE:CANBK 2) NSE:SBIN 3) NSE:BANKBARODA {C} NSE:CNXINFRA got a big push at...

Vasu_devan Updated 

NSE:BANKNIFTY has pulled back by about 1000 points with in a span of seven days. Now reached level where earlier a lot of buying interest was witnessed (Watch it in the chart marked with rectangle box). One interesting point to note in this pullback is that even though there were range expansion of candles volume expansion is missing altogether. See the...

Vasu_devan

NSE:BANKNIFTY Learn from such minute price behaviors. Watch point 1 marked in chart, Price is not closing below this line for the whole one hour (this is 15 minute candle) Means either someone is accumulating at particular level or someone doesn't want price to go below this level. In either way price is protected at that level. The reaction price swiftly...

Vasu_devan

NSE:NIFTY Has a bearish structure at Weekly Time Frame . Some sort of head and shoulder pattern, price trading below 30 MA. Very close to neckline, but formed a pin bar Daily Time Frame NSE:NIFTY On daily time frame is at multiple support levels Trading right at 200 MA. At golden fib zone etc and most importantly at previous consolidation region from a...

Vasu_devan

NSE:BANKNIFTY : what explained here is a very short term trading strategy at lower time frame without using any indicator. It is very low risk high reward trading strategy. Identify the trend in longer time frame, in this example its 1 hour and trend is bearish. Now switch to one minute time frame 1) - Identify equal highs, the area where price failed to move...

Vasu_devan

NSE:BAJFINANCE Refer the below link. Price is at the level. Look for bullish signal.

Vasu_devan Updated 

NSE:NIFTY Nifty has given a Break out from falling channel and also taken out the budget day high. The Break out is not at all convincing since the volume is missing. You can read it from the chart that last couple of days of moves were backed by low volume. It is rather looking like a short covering. Going forward Volume profile suggest stiff resistance at...

Vasu_devan Updated 

NSE:ICICIBANK bank short term Tarde. Lower band may be kept as SL and entry may considered on breakout/breakout retest.

Vasu_devan Updated 

NSE:SBIN has sharply fallen from a downward channel. Now forming a pennant pattern. Though it is bearish pattern it is tough to take a view on it. The best idea will be follow the price. The probable targets are mentioned on either side. Put a tight stop loss

Vasu_devan Updated 

NSE:INFY Infosys long suggested on breakout retest.

Vasu_devan

NSE:BANKNIFTY A lot of consolidation going on at previous gap region. For the past six days it has not given a close above the gap (41680) or below the gap (41380) Any daily close above or below the mentioned level can take the NSE:BANKNIFTY the much need direction. Though the bias based on price actions on upper side. Till the time NSE:BANKNIFTY gives a...

Vasu_devan

NSE:BANKNIFTY No changes from previously mentioned levels. BNF still getting Resistance from 41690 and above levels. Refer the related link below (FEB 5). All positional best to be avoided until a clear up move above 41700 -42000

Vasu_devan

NSE:HAL Looks very weak in all higher time frames. 1] At Monthly time frame it is a clear Bearish engulfing pattern. 2] At Weekly time frame it is having a head and shoulder pattern. 3] At Daily time frame it is clearly completed a head and shoulder pattern. The volumes are dried during the phase of H&S and started to pick heavily during down days. 4] Neckline...

Vasu_devan

NSE:BAJFINANCE was on downtrend for the last four months. Which got arrested after pulling back up to Fibonacci level (.786). After consolidating there for some session started up movement and gave a clear break out above falling channel. The breakout is convincing as last 10 days volume is above 50 days average volume and also candles are wide this is a very...

Vasu_devan Updated 

NSE:BANKNIFTY Short at 41390 Expecting 41290

Vasu_devan Updated 

NSE:NIFTY Has some support at 17760. Hopes it will reverse from there