Banknifty analysis for 30/01/2023😎😎Now smart trader will come
Analysis may be wrong for 1 or even 2 days but using this trading style i gained very much points in banknifty in past because the R:R is good like 1:4 or 1:6. My analysis was for friday was wrong but i think you forget about the trade that we took and analysed on 12/01/23. but due to some rules and regulation the post was been private. Ok leave it.
Let's discuss moday's market
Market is very clear it is in down trend and needs to take pullback for healthy correction for mid-term, so on monday banknifty may touch the demand zone of 39860-40074 which is given in this image above and after that if market forms higher high in 5 minutes candle then take candle low as sl otherwise if it is big then use sl according to your risk management.
Target will be the blank zone which is marked in the chart.
Alert for tomorrow's market:
if market doesn't break the first candle's high or low on tomorrow before 10:00 am then avoid the market it might be sideways. (timeframe: 5M/15M)
Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
Let's discuss moday's market
Market is very clear it is in down trend and needs to take pullback for healthy correction for mid-term, so on monday banknifty may touch the demand zone of 39860-40074 which is given in this image above and after that if market forms higher high in 5 minutes candle then take candle low as sl otherwise if it is big then use sl according to your risk management.
Target will be the blank zone which is marked in the chart.
Alert for tomorrow's market:
if market doesn't break the first candle's high or low on tomorrow before 10:00 am then avoid the market it might be sideways. (timeframe: 5M/15M)
Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
Comment:
see how market trapped to put buyers 🤣🤣
Comment:
go only long after a proper higher highs. Otherwise avoid
Comment:
my analysis is OP ???🤔🤔 what do you think ??
Let's see what happend next
Let's see what happend next
Comment:
banknifty on fire
Comment:
don't think market is bullish market is still bearish market will only go where it want and where can't even think. Stay tuned i will update about tomorrow's market in the evening
but market is op 🤣🤣
but market is op 🤣🤣
Comment:
All over market proved again it is supreme i hope you all have a good day.✌️✌️
Trade closed: target reached:
Target full complete ✌️✌️