subhagghosh

Bank Nifty Trading Strategy for 11th Nov'2020

NSE:BANKNIFTY   NIFTY BANK
#banknifty Decision line:- 28,520 above long below short.

Uppper targets:- 28,635 / 28,736 / 28,870 / 28,990 / 29,092 / 29,271 / 29,385

Lower Targets:- 28,400 / 28,250 / 28,020 / 27,378

Positional Trend Reversal levels:- 27,075.

Elliott Wave:- We might be in Wave 3 which has completed at today's high or might move to 29,271.

Wave 4 will correct till 27,935 or 27,378.

Support Zone:- 28,180 - 28,285
Resiatance Zone:- 29,134 - 29,385

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.

Comments

Try to be long above 28500 and sell before 28500.

when to make entry and exit , u need to learn price action for that.
+2 Reply
sudipto_mandal subhagghosh
@subhagghosh, thank you. can you please share me also the book on price action? or any good place (blogs/videos) to learn that?
Reply
subhagghosh subhagghosh
yes, will do
Reply
fantastic your analysis 👍👍👍👍👍
+1 Reply
Your Analysis are excellent...Are they any indicators in the chart that we can use to see the trend breaking on either to take positions ? Would appreciate if you can suggest.
+1 Reply
@Neel007 Indicator doesn't works , use it for validation only.
Reply
Upper targets:- 28,635 Done / 28,736 Done / 28,870 Done / 28,990 / 29,092 / 29,271 / 29,385

Lower Targets:- 28,400 Done / 28,250 Done / 28,020 / 27,378

Just see how the majority of targets got hit on either side...
+1 Reply
awaiting the stategy for 12 November
Reply
brother like your analisation. Almost it was close to ur given level. upside and downside both.
Reply
29658 is strong resistance zone....
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