On this auspicious and sparkling festival of lights, may the glow of a lamp illuminate your life and brings you joy, Prosperity and happiness. Happy Diwali!
The lamp shape resembles cup pattern, and what does that mean? You can check my previous idea for that. Link below.
#BankNifty Trading Strategy for 28th July'2020
The pattern got failed badly in #banknifty and the reversal of the short term trend will be below 20,096.
Patterns Got failed in the last 2 week:-
1. PRZ in 22,650-22,750 range got failed and made a high of 23,211.
2. Cup & Handle got failed below 23,428 and made a low of 22,803.
Now we have bearish shark...
AS POWERFUL AS WAVE 3
Time to get united
Time to contribute
Time to do something for the mankind
TO SAVE HUMAN SPECIES ON THE PLANET EARTH
ALL THIS CAN BE DONE BY JUST DOING !!! WHAT?
CONTRIBUTE YOUR PART...
Its been while, but BNF is looking at a little bit of crossroads, I would wait for right opportunity to short as we are nearing holiday month for FII. On intraday bases one can take little risk and short below last 30 min candle and positional short below 30500 level aprox, above that market might stay in range as above levels are not held and would end up just...
Like always, copy the levels and trade on 3 mins time frame.
If you haven't traded with the Zones yet, What are you waiting for??
Check Historical idea on 3 mins time frame.
Dont be a Bull. Dont be a Bear. Be a Hare.
Guys BANKNIFTY make new high keep watch
if down keep watch the retest area and pull back again
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider...
Good Morning Guys!
From 27th Dec to 12th Jan, Nifty gave a marvelous impulsive upmove, and Timewave booked 375 points of profit.
Now we are short from 8400 level, and Nifty will remain down till 18th Jan Wednesday.
This is a retracement move of the impulsive upmove. Targets are 8320 and 8298
New short positions can be taken at 8400 level.
Bank Nifty has been trading in down trend channel, today it closed on bearish sign (dark cloud cover) and seems to be approaching the support again somewhere between 18200-18150. traders may go short in Bank Nifty tomorrow with a target of 18200.
It is been observed that price action makes a strong support levels at 460 levels where it jumped back price action and formed a descending triangle. Now, it has confirmed a breakout from the triangle indicating further bullishness. It shall move forward to 500 levels as per the measuement of triangle rules.
BANKNIFTY another interesting study. we may use this channel for the next few trading sessions. channel support comes near 19950 zones.
respected the upper channel line for multiple candles. looks like a good shorting idea below 20230 spot.