subhagghosh

#banknifty analysis for 4th Mar - #expiry Special

NSE:BANKNIFTY   NIFTY BANK
#banknifty analysis for 4th Mar - #expiry Special

Decision Zone:- 36,063 - 36,263

Upper Targets:- 36,434 / 36,643 / 36,910 / 37,056

Lower Targets: 35,959 / 35,823 / 35,665 / 35,378

My basic analysis remains the same:-
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.

Ref:- Elliot Wave 1 H TF analysis:-
Regards,
SG

Comments

Excellent analysis thanks for helping new retailers
+3 Reply
Excellent knowledge brother.🙏
+1 Reply
as per your view, 36900 to 34600 down trend starting quickly possible?? or some consolidated possible??
Reply
subhagghosh logicalOwl20353
@logicalOwl20353, Consolidation is needed for further up move, high volatility moves are non-sustainable.
+1 Reply
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