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WaveTalks
Dec 30, 2022 5:49 AM

BankNifty - The Last Move / Idea for 2022 

Nifty Bank IndexNSE

Description

Disclaimer
There is a very high degree of risk involved in trading. Past results are not indicative of future returns.

Wishing You All A Happy & Prosperous New Year 2023 !!!

Short Video on Bank Nifty - The last move or idea for year 2022.
Last Price - 43115

Trading Strategy

Plan A - Important Support Zone 42900-43000
Index taking support close to this zone, we expect upside bounce 43500-43600 zone

Plan B - Important Resistance Zone 43500-43600
Kindly do your due diligence, If Index halts in 43500-43600 or close by zone upside, we expect downside move back into 42900-43000 zone

Plan C - Breaking Support Zone 42900-43000 & Holding below
Index while returning back if breaks 42900-43000 then we expect 42500 downside

Plan D- Critical Support Zone 42400-42500 if breached on downside
Falling below 42400-42500, It can attempt 41597 where we started our idea published on 23rd & 26th Dec 2022

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Last Ideas Published
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23rd Dec 2022 - Ending Diagonal Idea at bottoms of 41600



26th Dec 2022 - Bears, Bulls & Bounce 500+ Points

Comment

2:22 PM / 2nd Jan 2023

Last @ 43081

Index is holding 42900-43000 zone which is important zone as suggested in Plan A last week.

Upside it went to 43400 approx. in the opening session, today morning & we are still open for 43500-43600 zone if Index holds 42900-43000 zone as support

Comment

Trade active

10:35 AM / 4th Jan 2023

Last @ 43280

Plan A
This plan is completed in 43500-43600 -------Day High 43578

Plan B -
Suggested to be careful in 43500-43600 Zone- Will it Fall to 43900-43000 & complete the target. Only time will let us know but we got a perfect start - right from the desired zone.

Comment

12:22 PM / 4th Jan 2023

LAst @ 42960


Plan B -----------Target Done ----- 42900-43000------ Day Low @ 42905

Comments
Shrish_Nayak
This is an amazing skill. How do we learn all this? It would be great if you could guide us and let us know the materials.
WaveTalks
@Shrish_Nayak, Elliottwave has only one universal book from author Frost & Prechter to learn about wave analysis.
punterpk
Always very clear analysis as per the waves. You're a pro man!
WaveTalks
@punterpk, Thanks for your kind words. Hope you have a wonderful new year ahead.
johncaesar
a small correction, i think it might be 42900-43000 in plan - B
dr78
Sir pls teach us your Analysis Skills
WaveTalks
@dr78, Your experience will only teach you. In future possibly will think on those lines.
krihar
Thank you so much
WaveTalks
@krihar, Welcome
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