Nifty & Bank Nifty : Dot to dot levels Hello & Welcome,
this is nifty & Bank nifty analysis video based on yesterday's video of Nifty & BankNifty. Watch levels we study yesterday & check price action today.
I have given my personal view on this video for Nifty & Bank Nifty.
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my pers
Bankniftyview
27th March 2023 || Nifty & Banknifty + Stocks for Swing Trading Analysis Criteria Used:
1. Please find the Chart Analysis done for the 27th March, 2023 and the upcoming week.
2. The analysis for the Swing Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
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BANKNIFTY possible Elliott wave counts (now up then down)Hello Friends,
Hope you are doing well,
Today we are sharing banknifty possible Elliott wave counts along with invalidation levels and along with alternate wave counts, which can be overall road map for next moves expected further, in both current and alternate counts banknifty is looking good short candidate but only after some rally it means it looks like sell on rise along with strict stoploss of invalidation levels only, so it may go up side first then good move towards south is expected.
Our studies are only for educational purposes and not for trading purposes so we are not responsible for any kind of profits or losses in trading or in investing in market, so always please consult your financial advisor before trading or investing, do read disclaimer.
Thanks
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Banknifty Intraday View for 10th JanBanknifty view for 10th Jan.
#Bullishview
1) If it breaks current resistance level close above 42630 we can see up-move till next Resistance1/Target1 at 42840 to 42880 levels. If there is no rejection at this level then next target is around 43000.
#Bearish view
1) If it won't break current resistance level then the Support1/Target1 is 42400-42360 level, if it also breaks then small support at 42240.
2) If 42240 also breaks then next Support3/Target3 is 41950-41900 level.
Note:-
Always keep in mind that in up-move if it breaks current resistance level and reach R1/T1 then current resistance becomes as support for R1, and same if it breaks R1 as well and reaches R2/T2 level then R1 becomes as Support1 and Resistance line becomes as support2.
Same as if fall down below S1 and reaches S2 level then S1 becomes as Resistance level for S2.
Banknifty Live Chart Pattern Analysis 02 Dec 2022Banknifty Live Chart Pattern Analysis 02 Dec 2022
Looks in hte range bound still trying to cross the resistance
Due to making a rising wedge pattern in the long range this is now in HL 3 as per my observation
So its probability to break the for current wedge pattern and go for long
Bank Nifty Trade Plan For The WeekWelcome back for another video where I will discuss with you about the important levels of bank nifty and how we can trade it effectively in the coming week.
As you can see, this whole range of 39,500 to the levels of 37,500, a 2000 point range and it has been moving in this range for around three or four weeks now.
A lot of short sellers might be trapped because the market gapped up the next day and it is now consolidating near the resistance area.
A little bit of indecisiveness for some time. You just have to wait and watch as to how the market reacts at this point of time.
Important resistance area is the levels of 39,600 which has been tested multiple times now, and the market is consolidating near it.
Classical technical analysis tells you that consolidation near resistance area, gives you a sign that the market might break to the upside.
A market closing above the levels of 39,600, might quickly go to the next resistance area of 40,500.
A thousand point range will be covered in a very short span of time because it's a clear zone.
If I have provided any sort of value, just like this video and support my work.
Feel free to post your thoughts in the comments section.