3rd July, 2024: Bank Nifty Elliott Wave Analysis
The impulse that started on June 4th after the election day crash is still ongoing and progressing through waves 1, 2, 3, 4, and 5.
Bank Nifty has completed waves 1, 2, and 3, and currently, we are in wave 4 (at present, we're not considering further extension scenarios of wave 3).
HDFC Bank & Bank Nifty:
HDFC...
Please follow levels and try to learn there is nothing like holy grail in this market , your skill will make you profitable so work on your skill , money will automatically follow.
After analyzing the BANKNIFTY chart on the 15-minute time frame, it appears that there is a noticeable bearish sentiment in the market. This is indicated by the current dominance of sellers, which suggests a potential downtrend in the short term.
As such, it may be wise to consider a short entry position at 39190. This would involve selling BANKNIFTY at the...
On Friday, the 17th of March 2023, the BANKNIFTY showed a strong close, indicating positive market sentiment and bullish momentum.
To capitalize on this momentum, traders can consider taking a long position with a target of 40800 and a stoploss at 38900. The support levels for the index are currently at 39500-39700 range, which suggests that the index has...
Bank Nifty is trading in the range of 43600 to 41600 since 28 days and wil remain volatile till it remains here, it is trading in a triangle & range is getting compressed continuously, breaking of which will give a strong move in either direction
Zones Above - 42637-695, 43019-43017, 43510-614
Zones Below - 42234-286, 41861-964, 41569-697, 41320-363, 41051-123
The index is in consolidation from last few days.
I have marked support and resistance area in the chart.
Breaking either side will give 400 to 500 points directional move.
Closing above 43150 will make up side move strong.
Zones & Levels are to give you precise entries with good risk reward, hence respect them when you trade it, it may some times get breached and re tested, hence be strict with your stop losses and profit targets.
Guys today onwards i will be posting charts of SPOT instead of FUTURES. As maximum of my followers are demanding it to plot the zones and levels on SPOT, which makes them easy to trade all instruments, as due to Cost of Carry difference between SPOT & FUTURES, they are unable to follow the level on charts.
Bank Nifty has started its smooth up move as per my prediction. don't panic trade, don't fomo, just trade as per levels and zones, you know how price reacts to my zones.
BANK NIFTY TODAY 14-07-22
BANK NIFTY opened and got rejected just at mid channel at 34843, went up to zone 35096-35168, made a U turn came down directly to zone 34683-34744, consolidated and reversed from level 34620 precisely.
Power of Tech Analysis. Power of Zones.
NIFTY TOMORROW 15-07-22
You are continuously witnessing the power of my zones and levels.
I dont...
BANK NIFTY TODAY 05-07-22
Did you see mates how Bank Nifty reacted to my levels even in highly volatile panic situation.
Started Gap up, broke the trendline of 34180 with high momentum, but could not even dare to cross my zone of 34401-34467.
Took Reversal from there after distribution of contracts to novice bulls who don't follow the levels and trapping them....
BANK NIFTY TODAY 21-JUNE-2022
Started at 32956, took a pause at 33125-33166 zone gave a good entry with small SL of 41 points and reward of 475 points i.e. 11X of SL.
It reversed exactly from below my zone of 33669-33798 and stopped again near my previous zone of 33125-33166 at 33238
BANK NIFTY TOMORROW 22-JUNE-2022
Has got many resistances to move up, hence i...
