Banknifty Intraday Made M Pattern Before Market Close. Market is giving sign for a sell, also it;s too far from hourly trendline, so price will go and get balanced by touching it in near future.
NSE:BANKNIFTY
Trading in ascending channel pattern, rejected thrice. Expecting potential breakout towards downside
Sell with sl - 39500
Target - 39250, 39090, 38910
DISCLAIMER :
This idea is for educational purpose, buy/sell as per your risk management.
I always recommend to book 50% of the quantity at target 1 and keep trailing stoploss for...
Shorting strikes purely based on india vix volatility index
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 39000 CE and Short 38300 PE
🛑 we can observe that market may be stays in between within the above range
- if short both side / if we did short strangle
if breakout at 38850 happens...
Today BankNifty opened with a Gap up and we immediately saw the sell-off. BankNifty is again near the lower range which is 34500-34400 levels. Let's see tomorrow if we see the breakdown or BankNifty again take support from these levels.
Expectations for Tomorrow: Flat opening and range-bound market.
Resistance: 35220
Support: 34450
Intraday Levels:
Buy Above...
Sell below orange color line
Sell triggered after 10:00 am candle give 350 plus points of profit and again at 14:15.
Almost 700 points of profit given by this setup.
On 1st setup SL is Blue line and on 2nd setup SL was orange line
Reasons :-
1. Daily time frame shows back to back green candle (retracement needed)
2.1 min time frame rising pattern breakdown.
3.Facing resistance
4.Rising wedge pattern (High probability of giving a break-down)
Caution :-!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
1. Victory of Biden can have a bullish impact on the markets.
This is my view and, lets hope for the best.
At 20800 ,No Buyers Left, Sellers still under control, for intraday sell on lower highs(50-78% retracement), for next few trading sessions to next demand zone.bank
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.
Note: This is for educational purpose only.
Bank Nifty unable to break resistance (23100 - 23150) thrice. Moreover, there is a bearish ascending triangle breakout on daily chart. Same is reflected on RSI trend line as well. RSI below 50 indicates loss of bullish momentum.
Hii this is trader Kanishk
This is BANK NIFTY
Here the phase is very volatile and we don't have to took long position in bank nifty.
With till it breaks the trend line and then short it.
this is a bear market phase and this is not the recovery this is the bullish trap .
so please avoid yourself to put the long positional trade at this time without any...
