Kinnari_Prajapati

Seek first to understand what is going on BankNifty

Long
NSE:BANKNIFTY   NIFTY BANK
Seek first to understand what is going on BankNifty , to be ready put order.

  • The price is trading value low which is always good for a long entry.
  • If there is neither any news nor wrong, the control price will attract the value towards it
    .

At the excess, traders can take a long position with stop loss as a comfortable risk for the target at 30800 above.


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Comment: We have caught exact Turn of bank and nifty too.

Comments

all supports breached or still in the game
+2 Reply
the 5th count will find buyers.
+2 Reply
@atrehan, its was happened as you written a statement.
+2 Reply
vinayakbagewadikar Kinnari_Prajapati
@Kinnari_Prajapati, ur analysis on price action is excellent do u teach the same.
+1 Reply
Kinnari_Prajapati vinayakbagewadikar
@vinayakbagewadikar, i ll try best to guide you and all. I am planning to make some educational posts in short time.
+3 Reply
What happens when the value low and support is also broken? Does that make changes to trend lines? As Support broken now becomes resistance, but I know for a fact that market will always retest broken supports levels to see if any buying is coming through if not then further downside room open!!!
+1 Reply
Kinnari_Prajapati neelimapitroda
@neelimapitroda, Generally breaking "value high" or "value low" happens whenever a change in the strongest fundamental, news, etc. Otherwise, a price come back to the normal fair value area after overacting. In case of breaking value low and create a normal excess will push price again in fair value. but it's not an excess then, it creates spike with volume and initiative move and later on you will get a responsive move again create new fair value. I will give you a real-time example later.
Reply
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