Elliot's Impulse waves.(Part-5)
6 months ago
Showing posts with label Banks. Show all posts
Showing posts with label Banks. Show all posts
Friday, March 19, 2010
Monday, March 15, 2010
Friday, February 19, 2010
Tuesday, February 16, 2010
Bank Nifty in a sideways mode..
Bank Nifty has been in a corrective mode since the sharp fall
with time being consumed without any meaningful rally up.
If 8380(10sma)is cleared conviningly,
it may attempt 8650(20sma).
Break below 8250, it may resume the
next phase of the down move.
Continue Reading...
with time being consumed without any meaningful rally up.
If 8380(10sma)is cleared conviningly,
it may attempt 8650(20sma).
Break below 8250, it may resume the
next phase of the down move.
Thursday, February 11, 2010
Wednesday, February 3, 2010
Bank Nifty..Downtrending..
It is clearly in downtrend.
Utilise short term bounces to sell.
Notice how last two days, it was sold into at the day High ema(8712).
A daily close below its "Day low ema" will drag it further down.
Continue Reading...
Utilise short term bounces to sell.
Notice how last two days, it was sold into at the day High ema(8712).
A daily close below its "Day low ema" will drag it further down.
Monday, February 1, 2010
SBI & Bank Nifty
SBI poised to move out of the channel in the short term. A move past 2055 will lead to the next resistance zone of 2150.
Continue Reading...
Thursday, January 21, 2010
Few Stocks View
Icici Bank, Tata Steel, Maruti have closed above their "Day High Ema"
suggesting upward momentum in them.
Other stocks are holding their supports.
A move past 2185 will propell SBI higher.
RIL has closed below its low ema and it must protect
1065-1070 zone for a reversal from here.
Continue Reading...
suggesting upward momentum in them.
Other stocks are holding their supports.
A move past 2185 will propell SBI higher.
RIL has closed below its low ema and it must protect
1065-1070 zone for a reversal from here.
Wednesday, January 20, 2010
Tuesday, January 19, 2010
Banks rally to continue..
The rallying bank stocks to face the channel resistances.
SBI is likely to start it's rally today,
being a heavy weight...does it slowly..
Continue Reading...
SBI is likely to start it's rally today,
being a heavy weight...does it slowly..
Monday, January 18, 2010
Banking sector View..
Technically the Index is in firm downtrend with Oversold readings in the daily.
Its ability to hold the supports mentioned may result in a rally, the quality of which(Volume) will determine whether it will be a reversal or a pause in the days to come..
Continue Reading...
Its ability to hold the supports mentioned may result in a rally, the quality of which(Volume) will determine whether it will be a reversal or a pause in the days to come..
Tuesday, January 12, 2010
Monday, January 11, 2010
Thursday, January 7, 2010
SBI, Icici Bank, Rel,Capital, Tata Steel-Follow up.
Tata steel seem to have completed a "5"; so did SAIL yesterday & reversed sharply. These are for sell on bounces with a close stop @ recent highs.
Others-SBI, Icici bank & Rel.Capital - Looks OB but no reversal sign yet.
Banking stocks could be a decider for the near term trend.
Continue Reading...
Others-SBI, Icici bank & Rel.Capital - Looks OB but no reversal sign yet.
Banking stocks could be a decider for the near term trend.
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