The negative view on Bank Nifty
Note: It will fill the gap zone: 30750-30850 for sure buy when is a ?
Plan A: I already have a position in 30800 put writing and 31500 call writing.
Plan B: Sell Fut when it will test 31500 for the downside targets of 31100-31000
Bank NIFTY: Detailed Data and Price Action Trading Plan
Note: It will fill the gap zone: 30750-30850 for sure buy when is a ?
Plan A: If it will not sustain above 31500, I will prefer to go short.
Plan B: It will sustain above 31500. I will prefer to avoid one side trade. I will take a position in option writing
because in this case, it will trade in the sideways zone.
inverse head and shoulder pattern has formed beautifully in 5 min time frame but trading view is not allowing me to publish (publicly ) chart below 15 min. still you guys can manage here on 15 min time frame.
AS YOU CAN SEE BLUE LINE ON TOP IS LONG TERM TREND LINE WHILE RED LINES ON CHART AND STOCHASTIC ARE SHOWING ( FOR NOW) BEARISH DIVERGENCE BUT DIVERGENCE WILL ONLY BE CONFIRMED IF CANDLE CAN NOT CROSS RED TREND LINE AND STOCHASTIC AS MENTIONED WITH RED RECTANGLE GIVES BEARISH SIGNAL MEANS RED LINE OF STOCHASTIC CROSSES BLUE AND GOES ABOVE BLUE THIS WILL THEN MEAN...
The chart has highs and lows of first 15 min. candle marked for a few trading days, and backtest results of trades taken on breaking of these levels in either direction.
A friend has told me about this system, I decided to back test out of curiosity, surprisingly it works. The system gave 100+ points on Bank nifty on 9 out of 11 days.
I believe, if we use...
Bank Nifty still has room on upside.
Triangle formation on hourly chart, IF HDFC Bank starts moving tomorrow Bank Nifty is a buy.
KOTAK / ICICI Bank are in downtrend.
SBIN And Axis have just broken out of range.
Most importantly HDFC Bank has to come out of the range to perform and uplift Bank Nifty.
Dear Traders,
Thank you for your support, It helps me more to post more educational videos on technical analysis. Today I was discussed about how market respects the trend, and how accurately works. Based on my experience and my knowledge and the way I'm analysis the market, I have posted an educational videos every week.
This week I was posted about the rally...
NSE:BANKNIFTY
BankNifty RSI closed below trend line
price closed at support
26500 will act as major support
below this another 600 - 900 fall can be possible
