InsiderB

Bank Nifty : What;s Brewing & What's Next with Waves !

NSE:BANKNIFTY   NIFTY BANK
BankNifty ... After some 10 days we are back to Nifty's favorite brother BankNifty . Many of you might remember how we rode Nifty with Waves, Now same for BankNifty ? Let's see... We already caught the Wave-3 and made money{check prev.post if you have missed that post}, Now lets concentrate on Wave-4. BankNifty getting caught within 100 points range is rare occurence, now its in 19700's region which has prev. ranging zone.

If we go down on timeframe {15mins}, we can see some ranging patterns, I cud have drawn that but I wanted to present overall view on BankNifty , so used Hourly. On the breakout 19700's{Short} & 19900's{Long}, if there is Long breakout on Banknifty it will be treated as Wave-5. Else we can grab few points in remaining wave-4, so after BankNifty reaches next zone 19400's we can decide what to do further.

If you have doubts on Elliots, check TechM sunday special post on drawing Elliott's.
Happy Trading !
Sep 13
Comment: My Views for Nifty or BankNifty hasn't changed and its not good if I post this chart again, it will be repetitive act which I don''t like. So, will do some stock today !
Sep 14
Comment: Still BankNifty remains in the zone !
Sep 15
Comment: For Intraday BankNifty Traders, check your rules before Trading !

Sep 21
Comment: Will be easier for you to compare, every step of trade...
CAN YOU PLEASE UPDATE THE LATEST TREND ON BANKNIFTY PLEASE
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InsiderB ramesrin42
cool bro.. switch off caps too :)
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ramesrin42 InsiderB
yaa my mistake well iam not shouting now................ Just kidding
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ramesrin42 ramesrin42
should i take 19700 as stop for bank nifty???
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Is there any update on bank nifty please
+1 Reply
InsiderB ramesrin42
I'm still long in BankNifty Futures with stops below support zone, due to sideways Market, nothing happening. By Thursday, we will get clear picture after Fed Meeting gets over. I will post once clear trend emerges.
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ramesrin42 InsiderB
THANKS FOR THE PROMPT RESPONSE
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InsiderB ramesrin42
Caps On means you are shouting, thats why asking you to turn off caps :)
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sir,, i want enter long, clossed completely beyond your yellow line in 60 tf,, and where
i can find future chart in this trading view,,,regards
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InsiderB soibam666
If you are entering now, pls have proper stops . In tradingview we don't have futures charts, only Index charts available
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