Stock is falling in an impulsive structure Dec'22 high of 529. The impulsive structure suggests that a larger correction is going to occur in the coming weeks. As per the current price action prices have already concluded its 4th wave at 557 and is now ready for its 5th wave. Alternatively prices are likely to unfold its 4th wave as Bearish Triangle which will...
Hello everyone today we are analysis bank nifty structure .
As per chart pattern bank nifty broke its support area and retest has been done .
Now 35000 area is resistance area if sustain above than go for buying opportunities wid stop loss 100 point for target 35500.
Another jackpot call
if sustain below 35000 and we will break 34800 level than down...
HOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...
#banknifty:-
Decision Line:- 23,964 above long & below short.
The move from 20,405 to 24,819 is complete an ABC correction is in progress, which gives a logical target of C at 23,150- approx.
The structure completes above 24,386 and the new up-move starts from there.
Price has stayed above the blue trend line 99% of the time during the last 4 weeks and it has...
#banknifty
24,364 ( 50% of 32,613 to 16,116) holds u see 26,311 ( 61.8%).
SL for all positional long is 24,020.
Decision Line:- 24,500
Two strategy to trade:-
1. Range Trading :- 24,250 to 24,750
2. Range breakout trading:-
Buy Above 24764 Tgt 24850,24990 and 25040 (Bank Nifty Spot Levels)
Sell Below 24250 Tgt 24050,23,900 and 23677 (Bank Nifty Spot...
