BANKNIFTY
BankNifty Chart ViewDecision points above 22800+ bullish or below 22400 negative. Let's wait and watch 😊
Disclaimer:- your capital at risk. Take your financial advisor advice before any action or do own analysis.
Bank nifty critical levels for 27-07-2020Horizontal lines will act as dynamic support and resistance
TCS looks bearishtcs looking bearish till 2142 ,
if taken support ,targets - 2176 , t2 - 2221
if broken 2142 level , downside target is 2120 , will take support from that level
2120 CAN be an demand zone . buy at those levels
BANKNIFTYif a stock fails to break it swing high in an uptrend or swing low in the downtrend then there are higher probabilities that it will reverse.
BANKNIFTY | 15 JUL 2020 | POST MARKET TREND ANALYSISNSE:BANKNIFTY
SIMPLE PATTERNS
NO ABRUPT MOVEMENT
CALM DAY
Today Banknifty trade taken knowledge sharing for all.Today due to high volatility we are engaged with our clients & finally able to take very good trade . After multi level confirmations we have entered in the trade & the trade is executed very smoothly. The idea is sharing with all of you so you can also spot these kind of levels and can find good opportunities. This is pure technical educational knowledge. Banknifty trade is taken on one hour chart... Please note these points for future reference.
After taking below multi level confirmations we have executed the trade: When all below points are in our favour so this is called the high probability trade.
1) RSI given bearish signal on chart.
2) Negative Rejected candle seen below the resistance level of 22555.
3) Well supported by the 2nd negative Rejected candle with lower low.
4) On 3rd Candle trend line has been broken.
5) On 4th candle Shooting star candle has been seen .
6) On 5th candle we have taken the trade. Here we are very confident to take trade after a shooting star candle has been seen.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
How I got 10 points in BANDHANBNKBANDHANBNK was in my radar from last three days, since yellow trendline was tested by many times hence it became weaker. Today morning when price crossed pink line which was yesterday high, i entered into the trade 276.45 with SL 266 below the yellow trendline and keeping the momentum in my mind because of expiry day I took R:R 1:1. and booked my profit at 286.25
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Science Backed by Data[Bank Nifty Series]: BankNifty new wave ?Let's Learn and Earn. Elliot wave mostly if identified correctly helps in discovering important psychological levels.
Bank Nifty
Second waveform can start and wave 5 for previous wave form is complete with correction of ABC. Today's last 15 min start of new likely wave of Bank Nifty is beautifully mapped on 15min Chart for your consumption.
Also if it enters the pitchfork channel, ride the trend and look for wave 1. Previous wave 1 length has been 1892 points. This will bring target to 20814+1892 = 22706 for BankNifty Target
Now time for some Learning. 3 Most Important rules of Elliot wave are
• Wave 2 can’t retrace more than the beginning of wave 1
• Wave 3 can not be the shortest wave of the three impulse waves, namely wave 1, 3, and 5
• Wave 4 does not overlap with the price territory of wave 1 (Mostly overlooked).
Even if one of the above rule is invalidated, you should not assume wave's to be correct.
Let me know with a like if you enjoyed reading the Analysis. This will encourage me to work harder.
Click on link which is in update ideaBanknifty analysis - Click on link which is in update idea.
Educational Base.
Pair - BankNifty, NiftyThe pair chart formed bullish crab pattern with PRZ (1.618 XA) at 2.020, stop loss at (2.00 XA) 1.870.
It has confirmed bullish RSI divergence.
A failed breakdown from 2016 lows of 1.942.
As long as prices are above 1.942, the ratio looks set to revert to 2.280
