Strong Support Zone 41000-41100 as shown. Looks corrective fall from 41724 Highs, holding above the suggested support zone, Index can re test 41500 / 41700 / 42400 levels upside.
Any selling can be expected only below 41000. Thanks
Disclaimer
There is a very high degree of risk involved in trading. Past results are not indicative of future returns.
Wishing You All A Happy & Prosperous New Year 2023 !!!
Short Video on Bank Nifty - The last move or idea for year 2022.
Last Price - 43115
Trading Strategy
Plan A - Important Support Zone 42900-43000
Index taking support...
Short Video - How we maintained our bearish outlook in this stock since 5th Aug 2020. I am excited to see 57% drop from the highs of 1063 to 457 (recent low).
Hope you enjoy the video & let me know your comments. Have a great day ahead.
Disclaimer
There is a very high degree of risk involved in trading. Past results are not indicative of future returns.
Short Video Outlook on BankNifty
Plan A Active & Running as published in last idea of 2022
Last Idea Published - 30th Dec 2022
Index has touched the channel top & close to psychological level of 43000 which is very important from trading perspective.
Any bullish scenario next is strictly if Index trades above 43K or holds above parallel channel else going below 42700 - it will trigger downside
Trigger level
42700
Bias can be negative till the the time Index holds below channel. Thank You
Disclaimer
There is a very high degree of risk involved in trading. Past results are not indicative of future returns.
Short Video
The current fall looks very sharp & nature of X-wave from wave analysis perspective & as suggested if 42400-42500 holds then bounce can be expected upside towards 42800 / above 42800 to 43100-43200 / above 43200 for highs of...
Disclaimer
There is a very high degree of risk involved in trading. Past results are not indicative of future returns.
Short Video Outlook on BankNifty
Support Zone 41700-41800 or close to 42000 - If Index holds & takes support then expect below mentioned targets
42555
42700
43000
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Thanks
Disclaimer
There is a very high degree of risk involved in trading. Past results are not indicative of future returns.
This Video Talks About
Fear & Greed - Two Visceral Emotions
It is very important to control your emotions, to avoid any unfavourable outcomes for the
decision made as an investor or trader in the market
...
Short Video showing how ending diagonal was witnessed close to 41600 as suggested in last idea. Trade carefully & have a wonderful week ahead.
Last Video Idea - Polarity Reversal at 41840
Wishing you Happy Holidays and a New Year that makes you smile every day. Merry Christmas To All !!!
Disclaimer
There is a very high degree of risk involved in trading. Past results are not indicative of future returns.
Polarity Reversal
Principle of Polarity is the idea that former support turns into resistance, and former resistance turns into...
BankNifty Penultimate Wave - Pattern Repeats - Is This A Warning Sign?
Fractal is a pattern that repeats forever
This short video talks about a fractal pattern which repeats quite often as penultimate waves = 2nd last wave that means only one last wave left
One such pattern was identified in Nifty in 2021 September & Index topped at 18604 later troubling...
Good Morning All,
Traders should watch these Five Elements to plan their trade next.
Penultimate Wave ( Triangular Wave)
Upper trendline
Upper trendline of the triangle shown in the circle can act as support so Index holding 41450- 41500 can push short term upside 41750-41800
Key Level - 41051
1st warning sign for bulls - break of key level
...
Hidden Bearish Divergence
This occurs when price makes a lower high (LH), but the oscillator is making a higher high (HH).
When you see hidden bearish divergence, chances are that the pair will continue to shoot lower and continue the downtrend.
What we expect next?
As suggested earlier on 17th Aug 2022 video idea that the correction could be deep...
Stoploss - 38531
Target
39000
39600
Bullish Gartley seems to be hiding in the price structure. If Index holds key level of 38531 & 38492 then we expect Index to push upside towards 39000 & 39600 in next few sessions.
Hope you did your due diligence at the tops of 41840's & enjoyed the tops from last idea. Check the related idea below.
Thank You
From the last update- 40600 was the key level which halted the up move exactly & same level acted as resistance in opening session when index opened gap down.
It travelled upside to 40605 close to 40600 resistance & dropped sharply down to 40378 -which is our critical level for upcoming sessions.
Index has been choppy since the bottoms of 40280 & the waves looks...
