TREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
Risk:Reward: 8-10 times.
Following are my analysis:
Resistance Level :
1. Good Resistance Zone exists at 35700-800.
2. Strongest Resistance at 36000 .
3. Strong Resistance at 35700
* Increasing resistance above 36000.
Support Level :
1. 35500 is Strongest Support Level .
2. 35000 is a Strong Support.
3. 35200-500 is Good Support Zone .
No Trade Zone :...
#banknifty analysis for 8th July'2021
DP:- 35,500 (above +ve below -ve)
Decision Points :- Important reaction points, which price reacting to movements are 34,653 / 35,095 / 35,358 / 35,555 / 35,800 / 36,126 / 36,293-36,320
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes...
*PRV DAY CLOSE 15746
*TODAY SGX INDICATES A GAP UP
*CALL WRITTERS WERE IN TROUBLE NOW
THEY CAN MANAGE UPTO 15826 RANGE IN UPSIDE
*FURTHER UPMOVE LEAD TO SHORT COVERING I THINK
* EXPECTED SUPPORT FOR THIS WEEK IS 15600
Likely lower end of the range 15659
Likely Upper end of the range 15768
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade /...
here you can see the support and resistance zone on chart. banknifty may take support and will show us a trend reversal and targets for long position are 35700 and stoploss is below support zone. on 5m time frame banknifty shows a inverted head and shoulder pattern.
#banknifty analysis for 10th June'2021 #expiry
Zig Zag Correction, leg C is always furious, I still see the market is on the upside.
The wave structure breaks below 34,410.
Decision Zone:- 34,946 - 35,009
Resistance:- 35,142 / 35,370 / 35,550
Support Zone :- 34,844 - 34,717 / 34,410 - 34,608 / 34,142
One of the best forms of PA action is not to predict but...
HBL POWER SYSTEM
Breakout alert ahead.
Self explanatory chart.
For educational purpose only. I am not a sebi registered expert. Trade at your own risk. Feel free to text & Share your views.
#banknifty #hbl #nifty
Market is trending as per previous post. 15450 should be kept as the stop loss in a short term for the long trades. There is a good chance that tomorrow expiry will be around 15600 levels. Shorting monthly options of strike prices below 15300 will be advisable.
Trade as per the risk appetite, Spreads are much better to trade as risk is defined
Disclaimer - This...
As mentioned in earlier post of 26 May 2021 Nifty View, I see expiry close to 15200.
However, today's price action at resistance zone have given a bullish sign making a small flag,
if breaks then may test all time high, else if it breaks the lower inclined trend line, then it may test support level 15200
So, range for this monthly expiry 15200 - 15400
#banknifty analysis for 27th May'2021 # expiry
Monthly expiry doesn't follow any technicals, it's only about big boys' position adjustment and just follow what they do.
Decision Line:- 34,733
Resistance:- 35,055 / 35,270 / 35,576 / 35,967
Support Zone :- 34,573 / 34,245 / 34,015
20.2 L OI in 35,000 CE (Closed at 89.75 )& 10.3 L OI in 34,500...
#banknifty analysis for 20th May'2021 #expiry
Nothing changed from yesterday to today, we are in pullback and till 32,840 holds, use dips to go long for higher targets.
Decision Line:- 33,750 (Above positive & below negative)
Resistance:- 33,918 / 34,245 / 34,509 / 34,772
Support Zone :- 33,664 / 33,368 / 33,129
One of the best forms of PA action is not to...