subhagghosh

Bank Nifty Trading Strategy for 23rd Nov'2020

NSE:BANKNIFTY   NIFTY BANK
#banknifty view on 23rd Nov'2020.

Decision Zone: 29,325 to 29,406

Upper targets:- 29,500 / 29,785 / 30,069 / 30,245 / 30,386 / 30,528

Lower Targets:- 29,182 / 29,040 / 28,838 / 28,580 / 28,121 / 27,837

Trend Reversal levels:- 29,030.

Elliott Wave:- Wave A of correction is complete and Wave B is complete or Wave C is in progress will come to know on Monday.

If the price moves above Friday's high we might touch 29,785 and might even extend it (be cautious with the longs).

If wave C is in progress, and below 29,800 it will be fast you won't get a chance to exit the longs and the immediate target is 28k on cards.

SL for all positional long is 27,703

Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Trade closed: target reached: 29,182 -Done/ 29,040 Done/ 28,838 (low was 28,852 missed by a wisker)

Comments

ILL GO WITH THIS
29,182 / 29,040 / 28,838 / 28,580 / 28,121 / 27,837
+13 Reply
You are genius..closed at 29024,,exact of your trend reversals..target reached both ways...great sir,. Thanks...👏👏👏👏
+3 Reply
Structure similar to April & August expiry
+3 Reply
28k should be seen in 2 days
+1 Reply
HarshaTejaD shobhit_investing
@shobhit_investing, what is the technical and logical reason behind it ?
Reply
hi as per given in your chart target is sharply tough in bank nifty 29800 .good what is next ? send me your whats no for discussion. satish 7720823787
Reply
Today Analysis was Awesome 👏👏👏Pls help us to learn the Analysis sir
Reply
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