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Bank Nifty Level for Tomorrow ( Price Action ) Now Market in Bullish Trend Yes Its Unsual Price Action But We WON'T GO AGAINST If Tomorrow Market open above 35800 Taking Support then Go Long up to today's if level breaks then 36600-36700 level If Market Open flat and Go Sideways then only trade at 35800-35850 level go long otherwise don't trade. Or If Market Open gap up above today's then let take support of our given level take a decision. All Advice is Educational Purpose Concern your financial advisor Market Next Target 36500 37200 Market Support :- 35800
NSE:BANKNIFTY
by Mayurnavhale
Nifty Level For Tomorrow ( Price Action Analysis)If Tomorrow Market Open above 16020 and 15 min green candle high breaks then go long with small risk and reward ratio make sure your stop loss is not more than 10-15 Points. If Market does not Sustain at 16020 then go short up to today's lows. If Tomorrow Market Open above 16130 and Go Side ways then try to take a short entry. I am Bearish On Nifty because of unusual price action behavior. All Advice is for educational purpose,concern with your financial advisor
NSE:NIFTY
by Mayurnavhale
Bank Nifty Level for Tomorrow ( Price Action ) IF Tomorrow Market Open between 35200--35340 and if 15 Min Opening Candle is green then wait go long after 35340 level breaks or if 15 min opening candle is Red low Breaks then go short after 35180 level breaks for 100-200 Points I Am still Bearish On Market. All advice is for educational purpose before any decision concern your financial advisor Major Resistance :- 35450 35,700 Major Support :- 34150 ,35200 Have a Profitable Day ahead
NSE:BANKNIFTY
by Mayurnavhale
Nifty Level For Tomorrow ( Price Action Analysis)If Tomorrow Market Open Above 15900 and Taking Support at 15880 Then GO Long AFTER 15 Min Candle High Breaks. iF market open below 15840 then Go short for 50-80 Point Down and If given support breaks then second support is 15700 Or If Market Open Flat Then Avoid trade if the given level breaks then take trade with Proper Risk Management All Advice is given for Educational Purpose Do Concern your Financial Advisor before taking any decision Major Resistance:- 15990 Minor Resistance:- 15900 Major Support :- 15600 Minor Support :- 15690 Have A Wealth Tading
NSE:NIFTY
by Mayurnavhale
Bank Nifty Level for Tomorrow ( Price Action ) If Tomorrow Market Open between 34860 -35180 Then Go Short for 100-200 Point. If Market Taking Support of 34860 then go long for 50-60 Point If Market opens on given support 34300 then go long if opening 15 min candle high breaks. If Market go side ways at given level 34300 level then avoid Trade . If given level breaks then take Trade With Proper Risk Management Major Support:- 34050 Major Resistance:-34860 ,35180 Do Concern your Financial Advisor Before taking any decision
NSE:BANKNIFTY
by Mayurnavhale
Nifty Level For Tomorrow ( Price Action Analysis),IF MARKET OPEN 15690 AND TAKING SUPPORT THEN GO LONG UPTO 1574. IF MARKET BREAK THIS LEVEL THATS IS 15690 THEN GO SHORT For 50-80 Point Down Or IF Market Open on 15748 then Go Short For 100 Point Down If LEVEL BREAKS THEN CONTINUE IF mARKET GO SIDE WAYS THEN DONT TRADE IF LEVEL BREAKS THEN TAKE TRADE MAJOR RESISTANCE:- 15750, 15900 MAJOR SUPPORT :- 15680 ,15600 ,15531 ALL Advice is given for Educational Purpose Analysis Based on Purely Price Action.........
NSE:NIFTY
by Mayurnavhale
Elgi Equipments ELGIEQUIP - Positional Trading I have based my analysis on Stan Weinstein's framework on Weekly chart where price structure, 30 weekly MA, volume and relative strength (not RSI) play a role in analysing the trend. Personally, I like stocks near ATH because it tells me that prior resistance has been broken. It is important for me to select stocks that have strong relative strength against a particular index such as Nifty Infra in this case (Elgi makes compressors and they are capital goods for industry) or Nifty 500 the broader market. The area where price is moving up (marked with a green upward arrow) is defined as Stage 2 structure according to Stan Weinstein. After this, we see a Stage 3 structure marked with a black box. During Stage 3 structure, price is rangebound and this period can be for many weeks or months. Remember, this is where we lose TIME. And for traders (and also Investors), TIME is important. I have marked a breakout candle (in orange) and that is where I like to enter provided I see confirmation on volumes (marked with orange in the volume histogram). Stan Weinstein says Positional Traders should ride the trend and exit stocks only when they start trading below the 30 weekly MA. He further says not to buy in LH LL structure because there is no way one can tell how far or how long can the fall be. See for yourself how often stock stays lower. The breakout candle of 10 August 2020 is of importance. Note the volume expansion. Also note that retracement is till the mid point of the 10 August 2020 candle and stock does not fall anymore. The candles of 9 November 2020 and 7 December 2020 are also very important. The latter breaks prior pre-pandemic resistance. Around this time the Relative Strength of the stock starts outperforming against the broader market i.e. Nifty 500. Analysis is easy on hindsight. What would I do if I were to take a buy call now? I will go long only when I see a breakout candle (marked in orange) confirmed by Volumes. Because Nifty is near ATH and in Stage 3 structure, there are two things that might happen. It may again start a new Stage 2 structure or form a Stage 4 structure which is start falling from the box. Hence in a market like this, I would shift to the Daily chart, add a 50 Daily MA and if the stock breaches 50DMA and goes lower, I will exit 50% of my holding. And if it breaches the nearest swing low, I will exit completely- the candle of 27 May 2021 on Daily chart. This is a variation from Stan Weinstein's framework. Disclaimer- This is not an investment or trading buy/sell advice. The purpose is to share knowledge and learn from the community. I am not invested in the stock as on date.
NSE:ELGIEQUIPEducation
by culturalDealer79974
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