Hi Traders,
This the snapshot of bank nifty"s next week's trading Plan. The detailed analysis is available in the video link is given below.
Yogesh Vats
BANKNIFTY finally broke the upper resistance of the box that was there for a while. Good time to go long. It may retrace to the upper level of the box before going any further so be aware of the same since doji has formed. Keep this in mind and keep looking at price action.
Now, upper targets are open for the week:
Target 1: 32140
Target 2: 32460
Axis Bank and...
Bank nifty retraced in 23%-38% range with corrective pattern.
It seems wave iv is completed at 30893 and projection of wave v is coming at 31861-32459.
Negative only if trades below 30721.
The index has breached the Parabolic SAR on the 15 min timeframe and looks like it might move up. Another test of 31400 should be bought with a stoploss below 31300 for an immediate target of 31800.
Hi Traders,
As I gave you last week's trading plan for this week , the price moved the same as discussed last week. This is the snapshot of the plan discussed in my video. Link is given downside to see the detail of this picture.
_Yogesh Vats
Today will be a gap up opening in banknifty. If it is trading and sustains above 31500 then we will get a further rally of 300-400 points. The trend will change only if banknifty trading below 31000 levels.
** PLEASE NOTE THAT ALL LEVELS MENTIONED ARE SPOT **
Good evening! The index managed to close above a comparatively major hurdle around 30800 which is positive for the momentum. FIIs remain net buyers and the index could very well be propelled to 31780, fueled by a short-covering rally. In that respect, Nifty would close the year above 14000, making quite a...
Hi Traders,
This is next week's plan for Bank nifty all has been explained in the video this is the snapshot of that detail so that you can mark all levels on your charts.
-Yogesh Vats
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...
Hi traders,
My first video is for all my followers. Hope you will enjoy it and would be able to make money next week.
For new readers writing taken out condition. Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For...
ICICI bank is a fundamentally strong bank. The underlying trend is bullish. Add on dips. The finance sector still has massive upward potential. The mid-Term target of 500.
Hi Traders,
1. As usual first I will discuss, last week's statement. On 20th Nov 2020, in point no1. of trading plan section, what I wrote is quoting for your consideration. "A white line is made if the price takes out in both time frames in 15 and 1hr then you will see the upside move." . Here you can see in fig after crossing the white...
As the indicators turn into selling . confirmed and high probable chances of selling !
till 10 of December expect to sell
after 14 a huge moment shall be seen
BNF is making fresh high in the last week. Lot of pundits in the market are bearish on Bank Nifty gains in the last week but the market is all more pushing itself up to new high. Biden Victory has added more fuel to market gapping up on 9th Nov over the parallel Channel respected in the last few months.
Will this sustain or will we see a retracement?
If it...
The analysis is given on the chart
Comment if you have any query and if you like my analysis, don't forget to press the like button.
I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and...
![BANKNIFTY: [INTRADAY] BANKNIFTY PE & CE Levels(30/12/2020)](https://s3.tradingview.com/8/87t8fD97_mid.png "[INTRADAY] BANKNIFTY PE & CE Levels(30/12/2020)")
![BANKNIFTY: BANKNIFTY [29th December 2020]](https://s3.tradingview.com/s/Se9jbbr4_mid.png "BANKNIFTY [29th December 2020]")
