NSE:BANKNIFTY HERE'S MY DAILY VIEW ON BANKNIFTY BUY ON DIP TARGET 24360
Hi Traders, 1. On the 5th of Sep 2020, I did not provide any second support why? If you see the fig of that day analysis, I provided only one red color support not second. Old followers know when I manifest the move of the next trading session or week I always mark two support and resistance in my fig. This is the first time when provided only...
Today expected slightly gap down opening in banknifty. Possible it will take support between 22100-22200 level and reversal towards the 22700 levels.
We have a complete analysis in our previous Post, I was waiting for Wave 1 to complete; Its verified Wave By Wave and Now Wave 2 is forming which is a Flat structure; Wave A and B are almost complete; Wave is the the last Impulse and then we get the MOST AWAITED WAVE 3in downward.
Today expect slightly gap up opening in banknifty. If it's successfully breakout the 22500 levels then we will see 300-400 points upside rally towards the 23000.
In the previous week, bank nifty has lost -2027.3 ( -6.17% ) points, and according to this technical chart, it will keep falling after a short reversal. Because as per the Elliott wave theory, an impulsive wave ended at the 5th wave, and a corrective wave has started. In the last trading session, it has created an opening gap, and also breakdown the strong...
This Idea is my view. U like try this otherwise neglect this. Bank nifty volatility high in this week. Use Strict Stop Loss. SCENARIO 2 -> SELL SIDE
Price into a parallel channel and rejected at the top exactly as expected. I din't expect so much strong rejection as the price was completely in a super bullish mode. Another pattern to address is Flat bottom and raising top pattern. According to this pattern also price was rejecting exactly at the top of the trend line. It is not advise to take a new trade...
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 . Disclaimer: It should not be assumed that...
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 . Disclaimer: It should not be assumed that...
Note: This is for educational purpose only. Bank Nifty levels based on 3 hourly chart.
Bank nifty on weekly charts is nearing a resistance zone, with 50 wma on upside this can give a halt to the strong bull run we see in market currently.
Bank Nifty Future has seen sell off from Channel Resistance technically, where some negative news has added the spice to the bears. For the September Series 25270- 25300 in the strong resistance and Strategy to sell on the rise should be the plan (CMP 23775) if Bank Nifty Future Closes above 25300 we may see BN again entering bullish zone.
Bank Nifty has generated a buy signal in 3 indicators 1. Fibonacci - About to give breakout 2. Price Action - Cleared a crucial resistance line 3. Channel Pattern I have not drawn 2&3 to avoid confusion and over drawing on chart. I have kept the trade idea simple. Once BN crosses 0.50%, initiate buy position. 1st target will be 0.68% Keep trailing the trade for...
BankNifty broke out of consolidation followed by huge up-move which confirmed the up-trend. We have missed the ideal entry. Entry given in chart is of fibonacci level which i am not sure if it will come. Hence to re-enter wait for minor pullback.
Hi Traders, 1. On the 22nd of Aug 2020, in my blog on BNF series the point no. 1 trading plan section is quoting for your consideration as proof that given targets on upside precisely achieved by index as usual without fail. Every word was written so meticulously that proves the presence of perfect manifestation of the move six days prior...
Today expected gap up opening in banknifty near 23700 levels. Banknifty will face next resistance at 23900-24000 and possible get reversal from this level.
Yesterday was a consolidation type of market, where the the buyers were unable to take out the previous highs. I had a bearish view, but the bears failed to get a follow through below 22,850 and the market moved towards the upper end of the range. This happened twice through the day yesterday and both the times the market moved above 23,100. These are highly...