#BANKNIFTY Short-Term Positional View ( 1 - 3 months):-
Let me post what I see: a double zig-zag painful correction in the market, where positional buy is only above 42,000 levels (closing basis). People will get trapped on both sides and until and unless, you are ready to read this complex correction in a minute way, making money will be challenging in the...
Based on the current market activity and price action analysis, it appears that BANKNIFTY is exhibiting a strongly bullish trend as of March 21st, 2023. Throughout the day, buyers have been overwhelming the market, indicating a high demand for BANKNIFTY and a positive sentiment among traders.
Given this market behavior, there may be a favorable long trade...
The chart clearly indicates the support level is around 5650. Also, Bollinger Band Shows a likely reversal for the price. If sustains above 5650, may go to 6050, or 6350, and more upside may be seen.
One should keep risk management in control every time, in every format.
Only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
Studying the Elliot waves in 15 min time frame.
Waves 1,2 and 3 of the larger wave 3 are done.
Expecting a pullback and consolidating wave 4 for a variable duration before nifty ultimately falls to 17550 and then to 17485 levels.
Stoploss- strong closing above 17700.
SIEMENS
Key highlights: 💡⚡
✅On 1hr Time Frame Stock Showing Breakout of Bullish flag pattern Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 3635+.
✅Can Go Long in this stock by placing a stop loss below 3180-.
✅breakout this can give risk:reward upto 1:6+.
entry for either side is after breaking the "yellow" box mentioned above
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entry is recomended after breakout and retracement complete
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incase of long entry target is big
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for shortentry target is mentioned
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both side target is for this week expiry
2/03/2023
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.stay for next update
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time frame 15 min
fake outs will be there trade carefully
In this video, I share my analysis for Nifty and Bank Nifty for tomorrow. I use my own technique called FASP to identify the immediate targets for the index.
These levels are important to recognize where the key resistance and support points exist. Map these levels to your charts and explore how it works for you.
Wish you a very happy and profitable year ahead!
TITAN
Key highlights: 💡⚡
✅On 45min Time Frame Stock Showing Breakout of Channel Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2445+.
✅Can Go short in this stock by placing a stop loss below 2410-.
✅breakout this can give risk:reward upto 1:2+.
Finally, bank nifty closes away from its 6-day closing price. So now what will be our analysis for tomorrow?
Today after falling in 1st half, bank nifty was in a tight range in 2nd half. If the bank breaks the 41400 level we can target the previous day's high(PDH) i.e. 41660 level, and if the breaks the previous day's low(PDL) 41170 level, our target will be...
So from last week india vix was below 13, which means option prices were not moving due to the low of india vix.
So today nifty fall and after falling it was in a tight range of 70 points between 17800 and 17720 levels. We can expect a trending move as well as a range-bound market.
So if it opens in a 70 points range and breaks the 17800 level we can expect the...
TATACOMM
Key highlights: 💡⚡
✅On 1Hr Time Frame Stock Showing Breakout of falling wedge Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1275+.
✅Can Go short in this stock by placing a stop loss below 1227-.
✅breakout this can give risk:reward upto 1:3+.
As we can see on the daily time frame Adani enterprises at an important Fibonacci level which is 0.382 we can probably see a reversal from this point. we can enter into a short trade if trend line on the 15 min chart is break also we can achieve big target in this trade but with the proper segment selection and position sizing.
We can see inverted H&S pattern in nifty with good risk reward ratio. If tomorrow on 8th feb 23 market breaks the trend line then just after the breaking the level of 17780 we can enter into a long trade. Target 1850 stop loss just below the swing low.
Hope for the best👍💯
Happy learning
NIFTY
Daily chart analysis
Nifty breaking down the rangebound movement on daily time frame
Overall nifty is being in downtrend on daily charts
May some ups and down in Nifty next week as budget may affect the volatility
This chart is only for educational purpose. Please do contact your financial advisor before taking any trades
Tomorrow if Nifty takes support at 18000 - 17970, then we can see a rally towards 18150 or may break 18150 as it has been waiting to break it.
#intradaytrading #banknifty #nifty #OptionsTrading #optionselling #optionbuying #nifty50 #Nifty
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