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subhagghosh
Nov 24, 2021 11:17 AM

#BANKNIFTY Short Term Positional View  

Nifty Bank IndexNSE

Description

#BANKNIFTY Short Term Positional View:-

Price inside the falling channel, XYZ correction the min 100% is completed and any further downside can slide towards 36,181 / 35,464 / 34,654

What did I see?

1. Long above 37,465 and add more above 37,900, SL 37,050

2. Sell below 36,613 and add more below 38,181, SL 37,050

Any breach of 36,613 will result in panic selling

Decision Zone:- 37,000 above +ve and below -ve.

E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will be 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.

Regards,
SG

#elliottwave #banknifty #niftybank


Comments
subhagghosh
36181
ajaykale257c4608b32f44cc
Good observation
Vishalsharma0206
this line has changed lot things in my trading mindset , thank you so much sir
"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"
subhagghosh
Just check, how beautifully the levels were played today
subhagghosh
#banknifty Laxman Rekha 35,950.

Hanuman Ji seating at 36,650

(Closing above, out of woods for a time being)

Upside :- 36,250/36,350/36,550

Downside:- 35,710 / 35,500 / 35,350
subhagghosh
SG:
Laxman Rekha....nicha Lanka 🇱🇰 ...bearish

Upper Aayodha 🇮🇳 ...bullish

Hanuman Ji, seating at 36,650 and burning Lanka 🇱🇰....

Out of bear grip, above 36,650
sks132966y
thanks for such an amazing analysis
bkeswaran15
Sell below 36,613 and add more below 38,181, SL 37,050
Sir 38181 please correct number please
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