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subhagghosh
Nov 11, 2020 8:04 PM

Expiry Special Analysis for 12th Nov'2020. 

NSE:BANKNIFTY15
Nifty Bank IndexNSE

Description

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Decision Zone:- 28,720 - 28,900

Upper targets:- 29,030 / 29,271 / 29,385

Lower Targets:- 28,620 / 28,400 / 28,378 / 28,220 / 28,020 / 27,935 / 27,472.

Trend Reversal levels:- 28,520.

Elliott Wave:- We might be in Wave 3 which has completed at today's high 29,030, 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.

Trade closed: target reached

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Trend AnalysisChart PatternsWave AnalysisBANKNIFTYniftybank
Comments
sudipto_mandal
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thanks - was waiting for your post for tomorrow's trade. As seen today - we might see a correction happening tomorrow also, what you think?
subhagghosh
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@sudipto_mandal Just focus on levels, if price goes below decision zone sell it.

If 28180 breaks, then only big pain.
subhagghosh
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4 target done on downside:- Lower Targets:- 28,620 / 28,400 / 28,378 / 28,220 / 28,020

Missed the 28,020 by 40 points.
rameshlal
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@subhagghosh superb 👍🏹
jollyvasani18
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awaiting the strategy for 13 November
Thanigachalam_S
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28200 seems to b good support and bulls do not allow it come down. During the end of today session , the way bulls holding it , BN may go up tomorrow.
mnm1970
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bought one lot at 395
mnm1970
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heikin aishi day candle forming small heights now
mnm1970
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bank nifty touching 28300 28200 many times in 3 days
mnm1970
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can we buy last nov 27500 pe now?
rs. 405+/-
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