subhagghosh

Bank Nifty Trading Strategy for 31th July'2020

NSE:BANKNIFTY   NIFTY BANK
Bearish Shark formation target 1 is already done at 0.78 to .62 i.e. 22,672-22,320

Target 2, I won't share right now, let's us get some pullback and then I will post the target 2.

Correction Waves Details:-

Wave A : - 23,112 to 21,615.

Wave B : - 21,615 to 22,363 ( exact 50% of the wave A)

Wave C : - 22,363 to ------ (21,438 / 21,329 / 21,241 / 21,152 can be anyone)

Decision Zone:- Above +ve & Below Negative.

I don't pay much attention to monthly expiry day candles, as there is FNO adjustment. The market is still in the range of 21k to 23k.

Please don't take a strong positional trade, until this consolidation range is broken.

I have posted a separate positional strategy as a separate idea.

Comment:

Comments

Please trade in a broader context, we are still in the range of 21k to 23k for more than the last 1 month.

Please don't take directional trade, until we get a decisive breakout or breakdown.
+2 Reply
YOU CHART ARE VERY GOOD SIR ...
+1 Reply
subhagghosh vaibhavrkadam
@vaibhavrkadam, Thank you, I hope you are able to read the market sentiment and make some good trades.
Reply
How to add trend signal indicator i am not getting?
Reply
Nice Indicators 😅 Ehlers Trend & Coral Trend Thanks to LazyBear Right
Reply
Excellent analysis. new to the market but your analysis looks easy to understand the risk reward ratio here bank nifty charts. surely learn and benefited your hardwork and sharing the strategy. thanks
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21438 went short... pray for SL hit. managing with in the risk limit.
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Your analysis is awesome sir. By some wrong decision, I have lost some money in the market.
Reply
subhagghosh jawedalamkhan
@jawedalamkhan, Work on risk & money management.

We can always go wrong, but the question is.....how less we lose when we are wrong and how big we make it when we are right.

Define max risk per trade and per day.

And trade accordingly.
Reply
jawedalamkhan subhagghosh
@subhagghosh, Thanks a lot sir.
Reply
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