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subhagghosh
Feb 11, 2021 7:11 PM

#banknifty analysis for 12th Feb 

Nifty Bank IndexNSE

Description

#banknifty analysis for 12th Feb

After 5 days of consolidation, you can expect a trending move on Friday, broader range 35,500 - 36,500, any side range breakout you can expect 600 to 1000 points directional moves.

Decision Zone:- 35,743 - 35,796, trend deciding levels 34,750

Upper Targets:- 35,899 / 36,271 / 36,376 / 36,450 / 36,696 / 36,943 / 37,053 / 37,209 / 37,409

Lower Targets: 35,620 / 35, 456 / 35,099 / 34,741 / 34,232


One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.

E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.

John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.

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.

Regards,
SG
Comments
amitkpandey_in
slowly i am begining to see logic behind your views, and appreciate the effort you make for the community.
TheSignalyst
Nice chart subhag
imkhushal
@subhagghosh well predicted...! it might test the 35850-35800 as if we dig into the the lower time frame we can see 5 wave have completed and in a 3min chart it has done "a" and "b" and has started the move for "c" that can end at 35850-35800 the 61.8% of entire up-move of today.

thank you for your precious time for us...
VINGOLOG
appreciate the effort
miprathamesh
Sir.. is there any chance for big correction? Because market continue up around 5000 points
subhagghosh
@miprathamesh less likely
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