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Bnfanalysis

Not every swing high is a Fake Breakout !Good morning traders. If you have entered long at the high of the green candle as shown in the chart you would have thrown out of the market by taking your SL and kept you thinking Oh! It must be a Fake Breakout. -->We all know that market structure is combination of waves. -->These waves will follow Primary trend, Secondary trend and all the minor trends on the way. -->In the Bullish momentum - Price will form Higher highs and higher lows. -->In the Bearish momentum price will form Lower highs and lower lows. -->If we observe the recent path the market is following, it has formed higher highs and higher lows.(Bullish If i have to say) -->Before Friday the recent swing low the market has formed at 17637 level. About the fake breakout - The price level it broke has hardly respected once. If the price has respected that level 2-3 times and then if it breaks it and comes back into range then we may call it a fake breakout or if it has broken the previous swing low then we can consider it as a fake breakout. Since none of the above mentioned has happened its just be a another swing high and market is still in up move. Above concept is done. Now on Friday market has formed a new swing high 17830 level and major swing low is 17637 levels. If price can go past 17835 on Monday then swing low will be shifted to 17723 levels. Then why I post shorting trades in the Ideas? I try to plan my trades at the extremes (at swing lows and swing highs). There is no point in going long at a swing high unless our stop loss is huge. That is why in a bull structure I plan to buy at swing lows or I plan to short at swing highs both of them will have small SL and High rewards. Do you agree with me in this aspect? If we observe our recent market openings, it has opened with gap ups. So I don't want to risk huge SL for limited intraday up move that's why I plan contra trades. On Monday I will be cautions because SGX Nifty is showing 18000 + and it will make it as a good supply zone. I will observe the price action in smaller time frames and plan my trade. The future market direction will be decided at these levels. --> What we need to observe? --> Whether the market is accumulating at this level or Distributing at this level. I have written so much in this ,I will write more based on the response I get from this. I know few of these will be confusing, do let me know If you want to know about particular concepts then I will have Idea about what I should be writing for. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES. If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. Your boost and follow is my MOTIVATION.
NSE:NIFTYEducation
by Mo-Kri
Bank Nifty seems to be consolidating in a wave 4 triangleBank Nifty Future seems to be consolidating in wave 4 of a triangle after the high of 39794 made on August 19. It looks like wave (A) have completed at 37991 on August 23 and wave (B) has either completed at 39490 on August 25 or is still in progress. 39400 is 78.6% retracement of fall from the high so that should be a good area for wave (B) to end. Once wave (B) completes, we would see a wave (C), (D) and (E) before the market move to break above 39800. There are 3 main reasons why the current wave looks like a triangle 1. The fall from 39794 is a 3 wave and contained well in a parallel channel. 2. The rise from 37991 is also a 3 wave and contained well in a parallel channel. 3. The kind of volatility we are seeing is typical in a triangle. The view will be invalidated if it goes above 39794 or goes below 37991. If the market keeps moving both sides that will further strengthen the case for a triangular formation. The first alternate count is that current rally is corrective ABC where wave (B) is completed and market is ripe for fall below 38000 in wave (C). The second alternative count, least probable, would be that current rally is impulsive and market has completed wave (1) and we are in wave (2), once it is complete we would break 39794. Probably, this could be a good time for an option seller to sell far strike prices and sit tight.
NSE:BANKNIFTY
by invest_shares
BANKNIFTY FUTURES 08 AUGUST 2022Today 05 August 2022, Bank Nifty started from just below the channel crossed it went to the zone of 38270-38132, got rejected from there, broke back the channel and ended below it. Simplly the Power of Zones, hope you loved it. No Major changes for 08 August 2022, Monday, Just the shift of 2 zones and channel. Keep ur money and risk management in control and trade the zones for flawless results. Important levels 38270 - 37850 - 37288 to break for any side fast movement. BEST OF LUCK.
NSE:BANKNIFTY1!
by GlobalMarketWizard
BANKNIFTY FUTURES 26 JULY 2022BANK NIFTY TODAY 25-07-22 Did you observe how bnf respected the zone 36484-36439 and reversed from there precisely. Also it touched the longterm trend line atleast 7 times and crossed it only twice. BANK NIFTY TOMORROW 26-07-22 Now the long term trend line which i am talking about since last 3 sessions will loose its strength as it has been tested multiple times. Hence dont consider it for entries or exits, although i will not remove it for now. I expect correction in this week, hence trade very carefully. Only trade around zones and levels. Best of Luck Mates.
NSE:BANKNIFTY1!
by GlobalMarketWizard
BANKNIFTY FUTURES 25 JULY 2022Bank nifty had good momentum since open, but as soon as it crossed the long term down slopping trendline coming from 1D time frame at 36641, it lost its momentum, and started conslidating in the supply zone above 36646, ended in the zone itself. Hence you can see my levels and zones are drawn with such a perfection that price respects it very well. Yestereday i also anticipated a cup and holder breakout, which was succesfully done at open itself in the first half. Observe a narrow uptrending channel in which price is hovering since last 6 days. Please trade around the levels and zones only to get best risk reward I expect atleast 3% correction now in bank nifty in next week.
NSE:BANKNIFTY1!
by GlobalMarketWizard