Market Trend Lab

(BANKNIFTY WEEKLY CHART) In above weekly chart, banknifty is trading in ' Rising Wedge ' and  hence, one has to be a cautious at higher level. Weekly MACD yet not given a negative crossover nor price broken down the wedge. (BANKNIFTY DAILY CHART) In Daily chart, MACD is near the support line which likely to give some bounce. 18400-18500 is a strong support level and above which it can move towards 19000-19100 . ********** NOTE:   FOR PAIR TRADING VISIT OUR SEPARATE SITE:  http://justbankniftystock.blogspot.in ********** THOUGHT OF THE DAY: "You were born to win, but to be a winner, you must plan to win, prepare to win and expect to win" : ZIG ZIGLAR

In Last week update indicated about MACD crossover will bring more weakness and post trigger  banknifty slip to 10101 level and still no strength.  To Read:  http://justbanknifty.blogspot.in/2014/01/banknifty-weekly-update-rising-wedge.html In Daily update on 17th Jan 2014 indicated about break of Head and Shoulder pattern in day time frame will bring deeper correction towards 10000 level and the target achieved. To Read: http://justbanknifty.blogspot.in/2014/01/banknifty-daily-update-multiple.html On upside strong resistance around 10650-10750 zone and further weakness will continue only below 10000 level and if breaks than may slip to 9800--9600 level.

(Banknifty Weekly Chart) Banknity is trading in side ways from last three weeks in the range of 10800 to 11250. It  has broken the  rising wedge pattern and MACD  yet to give negative cross over and if it does than it will bring more weakness in coming days. Banknifty below 10970 level will be weak. On upside immediate resistance around  11085 and than 11200  and on downside immediate support around  10830--10880  below which it will slip upto 10400 level. In coming week one has to watch for MACD corss over and RBI 3rd Quarter Monetary policy review on 28th Jan 2014  which will bring high volatility. ================================================= TO LEARN THE JBNSAR TECHNIQUE OR  TO SUBSCRIBE CONTACT US : http://justbanknifty.blogspot.in/p/contact_19.html TRADE LESS TRADE SMART

Above is banknifty daily chart with Bollinger Band indicator which shows resistance around 11185  and above that resistance near 11250 Above chart shows banknifty has made Head and Shoulder Pattern and neckline of which also broken down which indicates deeper correction towards 10000 level in short term to medium term. One can also see small triangle (shown with red lines) in above chart , which shows resistance around 11250 and rising support around 11150 below which banknifty will be weak and may slip upto 10900 Above chart shows Banknifty is trading in Falling wedge Pattern and facing selling pressure near the resistance line of Wedge, 50DMA & 200DMA and may slip towards support line of wedge and 100DMA near 10700 . NOTE : Banknifty is facing multiple strong resistance on upside from 11150 to 11250 zone and on downside it is having good support zone of 10950 to 11050 . Hence, it will be range bound from 10950 to 11250 and major trend w...

(Banknifty : Weekly Chart) Banknifty has broken the rising wedge pattern and MACD yet to give negative cross over. On upside it is having resistance around 11300-11400 zone and on downside immediate support around 11050 .. This week one has to watch very critical support of 100 Week Moving Average around 11050 and below which it can slip upto 10800-10750 level. ================================================= TO LEARN THE JBNSAR TECHNIQUE OR  TO SUBSCRIBE CONTACT US : http://justbanknifty.blogspot.in/p/contact_19.html TRADE LESS TRADE SMART

(Banknifty Daily Chart) In above Daily chart of banknifty, it has just broken the rising wedge pattern which is the bearish pattern. One can also see  Head and Shoulder pattern and breaking of both pattern suggest deeper correction in banknifty towards 10000 level. 200DMA is around 11150...

(Weekly chart) Banknifty is trading in Rising Wedge Pattern and it is in uptrend till it breaks the support line of wedge pattern. Wedge resistance is around 12160-12200 zone and support around 11180-11050 zone. It has shown good strength above 100WMA and 200DMA.  Trend is up and there is no weakness so far..!! For December month (till date) we booked gain of  549 points . ================================================ HURRY.... TO LEARN THE JBNSAR TECHNIQUE OR  TO SUBSCRIBE OUR SERVICE CONTACT US : http://justbanknifty.blogspot.in/p/contact_19.html TRADE LESS TRADE SMART

(BANKNIFTY WEEKLY CHART) Banknifty is trading in a rising wedge pattern (shown with pink dotted lines)  and wedge resistance comes around 12000-12100. It has not given breakdown from the pattern yet. It is having a immediate resistance band of 11640-11740  and on downside it has support around 11200. For December month (till date) we booked gain of 549 points . ================================================ HURRY.... TO LEARN THE JBNSAR TECHNIQUE OR  TO SUBSCRIBE OUR SERVICE CONTACT US : http://justbanknifty.blogspot.in/p/contact_19.html TRADE LESS TRADE SMART

(Banknifty weekly chart) Banknifty has made  rising wedge pattern  and which is bearish pattern in uptrend when it gives breakdown from the pattern followed by negative crossover by  stochastic and MACD  indicator.  This week banknifty manage to close within the wedge. It has not given breakdown from the pattern yet. For coming week Banknifty has resistance around  10950  on upside and below 10600 it will have support around  10450 . In November month we booked gain of  1805 points  till date based on our JBNSAR AND UNIQUE STOPLOSS TECHNIQUE..!!!!!!!!! This technique works best in banknifty and volatile stocks... http://justbanknifty.blogspot.in/2013/11/banknifty-update-gain-of-1805-points-in.html ================================================ HURRY.... TO LEARN THE JBNSAR TECHNIQUE OR  TO SUBSCRIBE OUR SERVICE CONTACT US : http://justbanknifty.blogspot.in/p/contact_19.html TRADE LESS TR...

(WEEKLY CHART) This week banknifty after crossing the hurldle of Weekly Agni level of 11610   made a high of 12219  and managed to close in green  @12197.25.  It has broken down the  'Rising wedge pattern'  and made a low of   11401 and took the support near the 'Rising channel' and bounced back. For next week channel support is near 11300 and 78.6% retracement of fall from 13303 to 7766 is around 12115 . Next Week banknifty sustaining above 12000 will move towards 12450 and than 12700 else will fall upto 11700 . Note that stochastic and MACD yet to give positive signal in week timeframe and if so done in one or two week than we expect one more bull rally towards 13000 in short term. For long term view one can refer following link  which is valid till the rising channel support in not broken.   : http://justbanknifty.blogspot.in/2012/12/banknifty-monthly-and-weekly-analysis.html

(weekly chart) (click on chart to enlarge) Banknifty in 'Rising Wedge Pattern' (shown in pink colour)   made a high of 12960.65 and after breaking down the pattern made a low of 12024  till date.  Weekly MACD & Stochastic both are crossed down. Now next week 12015  and 12115 is important support zone and below which  it will be weak and may slide upto  11900  and in panic upto  11750. In above chart , One can see Rising channel (shown in Green colour)   and its support line comes around 11200 which will act as major support . Banknifty above 12115 may give pull back rally but it will have strength only above 12350 . ============================== We are back after a long holiday... Coming soon positional stock ideas on  'JUST BANKNIFTY' ============================== There is no need to trade everyday... 'Trade Less Trade Smart' WITH JUST BANKNIFTY

(BANKNIFTY WEEKLY CHART) In above weekly chart one can see the channel and rising wedge pattern. Banknifty has resisted near the top of channel and rising wedge pattern.  This week banknifty traded sideline within the wedge whereas the Weekly MACD still in bullish tone and stochastic too overbought and in bullish territory. In short, yet there is no weakess in weekly chart. For next week channel top and wedge top resistance comes around  12720---12780  whereas on downside wedge support comes around  12050--12100  and  78.6%  retracement level of  13303 to 7766  comes around  12115 . When Rising Wedge pattern is found   in an uptrend ,  it is considered a reversal pattern , as the contraction of the range indicates that the uptrend is losing strength .  To read more on 'Rising Wedge Pattern' click the given link : http://justbanknifty.blogspot.in/2012/12/banknifty-weekly-analysis-and-rising...

(Banknifty weekly Chart) In above weekly chart one can see the channel and rising wedge pattern. Banknifty has resisted near the top of channel and rising wedge pattern.  Rising wedge pattern in uptrend is bearish only when it break the wedge on downside otherwise it may continue its uptrend within the wedge For next week channel top and wedge top are 12630 and 12720 respectively whereas on downside wedge support comes around 11900 and 78.6% retracement level of 13303 to 7766 comes around 12115 . For Long term view one can see the below link : http://justbanknifty.blogspot.in/2012/12/banknifty-monthly-and-weekly-analysis.html RISING WEDGE PATTERN