#banknifty view for 24th Aug'21
The moving average are giving sell signals ( DMA 5/10/20/50 - 35,534 / 35,765 / 35,439 / 35,230), support 100 DMA 34,320.
Today Last week's swing low of 34,930 was broken on an intraday basis, which is not a good sign.
The majority of pivots are placed at 35,090.
DZ:- 35,090 (intraday) & 35,427 - 35,531 (positional)
34930 looks to be a strong resistance and close above that e can expect to test 35057 again.
Resistance at 34927 we can expect it test previous closing and 34667.
If 34667 taken out we can expect good move to 34400 levels
Intermittent view for 27th July:-
The whole day the index remained range bound and hovered around 35000 levels.
If the index fails to sustains above 35k tomorrow, selling pressure might be seen which might drag the bank nifty to 34,700 to 34,350.
Weekly analysis was already posted over the weekend:-...
#banknifty analysis for 15th June'2021
Decision Zone:- 35,088 - 35,092
Resistance:- 35,350 / 35,550 - 35,650
Support Zone :- 34,930 / 34,801 /34,673 / 34,259 / 33,964
Reduced the time frame to 15 min, to capture intraday moves.
I will try to post delta updates on a daily basis or if there is any significant change in structure.
One of the best forms of PA...
Hope you all are fit and fine ... Stay Safe and Trade safe...!
BankNifty to Open Gap Down ....
Forming W or Double Bottom pattern ... is Completed as Predicted in my previous analysis.
Target 34500.. 35000 .. in coming days if tomorrow BnkNifty Sustains above 34300.
Resistance Level :
1. 34000 to 34300 is next level of Resistance developing.
First step of a successful trader is to build a Trade plan & review what he has done.
This Channel is my Journey in Stock market as a Trader.
This is my Trade Journal for Nifty & Bank Nifty . (education purpose for all )
Here, I will disclosed my Trade plan for trading day & review them, share my learnings.
with hope that this will add value to your trade setup...
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.