Nifty 50 - Analysis

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SBIN - Why falling and Why more fall should come? Do not buy any single banking stocks.


I always say, do not believe me. Believe the charts if you want to be a successful trader. 

Few days back also, it was quoted for this kind of fall. Its just the matter of time that it has come today. Above is 30 minutes chart analysis. It has formed a triangle patter (which is coming in many stocks now a day due to narrow trading range). 
You can observe the two triangles in the above chart. First one has break point nearly at 2150 and then next at 2130. 

It has broken both and right now dealing at 2115. It even alarming. In five days stock has already crashed by Rs 160. Any further damage will give you 2000 and then may be 1960. 

It will not able to see easy cross above 2160 now onward. Short on rise is my call. 

Regards,
Praveen Kumar


I’m Praveen Kumar, a seasoned Technical Analyst and stock market trader with over 25 years of experience in the Indian equity and derivatives markets. My passion for numbers and patterns led me to a dual career as a Mathematics Teacher and market technician. I specialize in Technical Analysis, with deep expertise in Elliott Wave Theory, derivatives strategies, and market forecasting. Over the years, my analysis and market views have been featured on NDTV Profit as a financial guest, along with published articles on reputed financial web portals, sharing insights on Nifty 50, Bank Nifty, and stock market trends. As a trader and analyst, I focus on interpreting price action, chart patterns, wave counts, and technical indicators to deliver precise market levels and actionable trade ideas. My approach blends classical charting with modern analysis tools to help traders navigate market volatility. Through VieCapital, I aim to share daily market analysis, trading strategies, and educatio…
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