subhagghosh

#BankNifty Trading Strategy for 28th July'2020

Short
NSE:BANKNIFTY   NIFTY BANK
#BankNifty Trading Strategy for 28th July'2020

The pattern got failed badly in #banknifty and the reversal of the short term trend will be below 20,096.

Patterns Got failed in the last 2 week:-

1. PRZ in 22,650-22,750 range got failed and made a high of 23,211.

2. Cup & Handle got failed below 23,428 and made a low of 22,803.

Now we have bearish shark #harmonic pattern on #banknifty, where the targets are 21,476 / 21,028 / 19,733.

All the levels and decision zone are on the chart, the decision zone is above positive and below negative.

Trade what you see, not what you feel, enjoy trading.

Trade closed: target reached: Perfect analysis, #banknifty took support from the trendline (21,600) and closed in our indecision zone.

Comments

If you have taken the trades according to this strategy then you would have ended up with loss only. It's clear on the chart that banknifty is making higher high and higher lows so there is no sense of 20k or 19k level.
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subhagghosh virat8055
@virat8055, Pls stop following me then, I post what I see not what I feel.

Look at the condition for the target of 20k & 19K, if 21K breaks then only.

People don't read and condition and start jumping.

where u see HH & HL? my understanding seems to be a little less.

Apologies for my ignorance.
Reply
bro, I am an analyst not a operator.

If u have taken trades based on my anaysis, you would have made money on mtm.

You might have forget my past anaysis of the movement from 18200 to 23000.
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bhai phle bn buy m sl lag gya ab sell m lag jyega very good very good very good analiss
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