Bank Nifty Analysis for 26-07-2022 Time Frame 30 Min Accumulation Phase 1: The accumulation process is displayed in the chart in the form of a price range. In addition, the bulls are gradually expanding, but they can still push up prices. Advancing Phase 2 : The bulls have enough power to push prices above the high end of the range. This indicates that the price...
banknifty 22 FEB support AND resitance levles 15minutes timeframe
$BYND - Long off $112 WHY: Low from couple of days, looking for reclaim of 20D SMA
$JWN - Long off $27.86 WHY: Previous day's low & 20D SMA, looking for 28.70 clear (YP) for push into 31 - 32
$PTON - Short off $100 WHY: It was heavy as anything, any push into $99 - $100 is gonna be a nice fade
$GPRE - Short off $33.50 WHY: came in on news; closed on low, AP 50-60% retrace you also have prior support
MY LEVEL: $125.50 WHY: Has a Doji candle formation in the daily plus we have Monthly Pivot, Annual Pivot and prior low is at $124.88
Long off $271.15 WHY: ATR is $8, good looking stock closed abv 20 MA; will trade off prior close & looking for break above $278.50 into new highs
$BGFV - Long off $25.20 WHY: Cleared prev high, closed real strong, want a dip back to previous low/consolidation for a close abv 20 MA
$70 is a whole number plus we have previous low & 126 SMA. If its too close in the morning will be watching next level below that, you have 200D SMA at $69 (prior resistance)
Long off $135.55 WHY: Previous low; MP & 50D SMA. Looking for a $140 push
$SONO - Long off $36.80 WHY: 126MA, Previous low. Watching for 37.50 break
Keeping this one on watch for a hard shove towards 97-100.
Honestly would like this to get higher and look more extreme, but you have to look at historically how this name has acted every time it’s pulled away from the 20d in this fashion. Will watch for intraday lower highs to show signs of weakness and the ability to have defined risk. If it can somehow extend further, I will be stalking for the same thing. Always be...
This was in the Sunday Prep 2 weeks ago for a short and so far it’s come in quite nicely. Would prefer pops back into resistance to hammer short, but if we were to break 113.27 I would probably start shorting pops joining trend. Michael Burry recently came out publicly about being short this and if I had to pick between him and Cathie Wood, it’s really a...
Another chart flirting with a nasty short trigger if it were to lose 24.52. If that happens I will definitely be looking to join trend. It should have room down to 19 at least (near-term). If it pops to the underside of the 20d, I will hit that as well.
This is flirting with a major breakdown if it loses July’s lows. I have an alert set for if we breach those levels so that I can look to join trend. But if we were to pop back towards the 20d at any point in the next week I will look to fade that pop.
Really impressive how far this has come in. Typically I keep china names off the Sunday Prep, but I think this is becoming quite the opportunity. We have now retraced to the 61.8% fib level Will be watching for capitulation down into that quarterly pivot area of 144-145. It may gap up in which case I will possibly look to get long and risk Friday’s lows.