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subhagghosh
Jun 14, 2021 2:55 PM

#banknifty analysis for 15th June'2021 

Nifty Bank IndexNSE

Description

#banknifty analysis for 15th June'2021

Decision Zone:- 35,088 - 35,092

Resistance:- 35,350 / 35,550 - 35,650

Support Zone :- 34,930 / 34,801 /34,673 / 34,259 / 33,964

Reduced the time frame to 15 min, to capture intraday moves.

I will try to post delta updates on a daily basis or if there is any significant change in structure.

One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.

E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.

John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.

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.

#elliottwave #nse # nifty #banknifty

Regards,
SG.
Comments
TheRadhaKrishna
Thank you So Much bro for teaching us Everyday.... _/\_/\_/\_
subhagghosh
The analysis shows, as long as are above 34k, we can be long.

Pain starts below 34k only.

Be cautious, we might be wave 5, and retail might get caught in wrong foot here.
Santoshpansare
Thank you!1
SPpremium
0.618 .. Fibo is breached
As per your chart, if today's high is crossed we will see 0.718 i.e. 35500
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