Looking back at the charts give huge context and meaning for the next trading sessions. This is a small series of charts I want to publish on a weekly basis looking back in the last week trading session of index - specifically Bank Nifty. From the previous chart I had posted regarding looking back at Bank Nifty in the last three months, we can get the overall...
Hi Traders, 1. On the 2nd of October 2020, I wrote in my weekly blog of bank nifty regarding the direction of the trend this week and quoting point no. 2 of the trade plan section as proof of my statement made one week ago, of real price movement. "On the contrary, If the price takes out the pink dotted zone upside then the price will see...
I hope you can now see how Banknifty represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Thank You Disclaimer: It should not be...
Today's is expected to slightly gap up opening in banknifty. No major changes in yesterday's support and resistance level. Today's session possible spend between 23000-23500 levels.
Bank Nifty has completed the Fibonacci level of 1.618 and now its a time for trend reversal (Bearish)
Today expected gap up opening of 200-300 points in banknifty above 23000 levels. In the first half, it will trade between 23000-23500 levels. We will see expiry rally of 300-400 points after breakout or breakdown of any of this level.
Today expected gap up opening in banknifty. If it trading above 23050 levels then possible continue bullish rally towards the 23400 levels. More chance it will take resistance near 23400-23500 and reverse from this resistance. Now we only see the downside in banknifty if trading below 22900.
Bank Nifty look very week and can move till 23380 to 23500 and can turn Bearish
Today expected gap up opening near 22500 in banknifty. If it trading above 22500 then we will see the bullish rally towards the 23000 levels. We only see further weakness after the breakdown of 22350 levels.
Today expected gap up opening in banknifty. It will take resistance at 22450-22500 and possible we will see a reversal from this level. If it trading above 22550 then strong bullish move possible towards the 23000 level.
Hi Traders, 1. On the 25th of Sep 2020, I wrote on the blog of bank nifty is quoting as proof that same is seen this week. ". On the contrary, if the yellow trendline which is not breached in 15 days is taken out in both time frames then the uptrend will start." Here if you see carefully price fulfilled this condition on the very first attempt...
Nifty is going to get creampied... Note the date.
Today expected gap up opening in banknifty above 21500. If it successfully holds above 21500 then we will see continue bullish rally towards the 21900.
Today expected slightly gap up opening in banknifty. Possible it will spend some most time between sideways zone. After the break of any level, we will see a further 200-300 point rally.
Bank Nifty is in a minor pullback the overall trend is still bearish
Today's expected gap up opening in bank nifty. Banknifty continues its rally towards the strong resistance 21450-21500 and more chances it will reverse from this level.
Hi Traders, 1. On 12th of Sep 2020, What you have seen in form of fall was clearly mentioned in terms of conditions with using specific words to authenticate my statement quoting from point no.1 of the trading plan section " Now If the price has to move up then this yellow trendline with pink resistance which is just above the trendline has...
Today expected slightly gap up opening in banknifty. If it's trading above 20450 then we will see a further rally towards the 20950 in today's session. More chances we will get a reversal from this level again downside. If banknifty trading below 20400 then next strong support at 20000-20050.