Wavetalks
Bank Nifty - The Sideways Trap -Outlook for 21st March 2023Index till the time holds below 39699 which was closing high for 17th March 2023 in gap up move tomorrow @ 21st March 2023 & falls 300-400 points down & remains above mini double bottom of 38926 & 38941 then we can have another push upside towards 39699 / 39914 / above 39914 towards 40690's approx.
Thanks for watching the video.
Bank Nifty-Truncated Wave to Halt below 39K-Can it be explosive?Exciting Session on 16th March 2023 unfolded with a temporary bounce from day lows of 38613 towards 39300 approx & a fall back to 38750 approx without making a new low or breaching below 38613 - puts strong case of truncation.
Truncation is rare to happen suggesting that ongoing trend could abruptly halt in between & take a sudden reversal which could be possible case here & even highlighted 2 days back that we are close to the bottoms & looking for decent retracement & targets mentioned in last idea of 14th March 2023.
Thank You & Good Night!
Bank Nifty - Is the Crack for 2540 Points Done!!!After a big fall of 2540 points from 41671 highs as expected in the last video published on 1st March 2023 - Are we done with the current impulse?
Let us check out the simplest method of price confluence which is initial wave = final wave in the impulsive structure
Wow!!! Indeed that's the case as we see over the video.
39132 could be most important low & if correct then index could rally upside for targets mentioned below
41671
42000
43078
Hope you enjoyed the last idea.
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Last Idea
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Bank Nifty - Roller Coaster Ride- Are We Expecting A Big Fall!!!Expiry Week Outlook- A Short Video. Thanks
Impulsive sequence unfolding from the tops of 44151 on 14th Dec 2022. From Budget day - 1st Feb 2023, Index has been doing a roller coaster moves so we need to be careful as next downside trend may start soon once key & critical levels are breached on downside.
Thanks
Auropharma-Portfolio Stock Getting Ready for 1000-Are You Ready?Disclaimer - " This Idea is for Educational Purpose"
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Stock Has Done 6-7 Years of Sideways Correction from 2016 tops of 895 & Getting Ready for Big Impulsive Move Upside Next Holding on the parallel channel bottom & above 400 strictly.
Are You Ready as a Investor. Keep watching next waves for the stock.
In 2016 When I published 1st Idea on Auropharma - The Terminal Thrust & Identified the top as 895
You can check the idea on profile page -
in.tradingview.com
Kindly consult your financial advisor before taking any positions.
Bank Nifty - Alternate Bearish Bat (Careful in 41650-41700) SellTraders have to be careful as alternate bearish bat with XA 113% rejection zone lies in 41650-41700 zone.
Once you see market commitments then you may also join the force for downside target as mentioned below
41425
41250
41100
Stops - Avoid Selling If fails to fall from the suggested zone 41650-41700
BankNifty - Careful At Tops of 43000 (Parallel Channel)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
Bank Nifty- Expiry Week Outlook 19th Jan 2023Disclaimer
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
TradingView Profile Page
in.tradingview.com
Thanks
Bank Nifty - Emotional Zigzag (Weekly Outlook 9th -13th Jan2023)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
Settings to be applied as Author
As a contributing author or following your favourite author, there are few settings to be applied
in order not to miss the updates from your favourite author & vice versa.
BankNifty Weekly Outlook
Weekly outlook for the Index / What to be expected. Opening huge gap up for Index today @
9th Jan2023, do not
hurry up & if Index halts upside in 42650-42750 zone, look for retracement in 42200-42300
zone & managing your risk below 41900-42000 & doing your due diligence, can expect
upside attempt by the index in 42800-43000 zone / above 43000 for 43200 later close by
range of 43578 which is close to the parallel channel drawn from 44151 to 43578 & pulling
down to connect 41597.
Bank Nifty - What A Fall !!! 43500-43600 / Upside Push?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 43500 back
Once it falls below 42298 - current day, it can attempt 41597 lows as per Plan-D from last move / idea for 2022.
Thanks for watching.
BankNifty - The Last Move / Idea for 2022Disclaimer
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 close to this zone, we expect upside bounce 43500-43600 zone
Plan B - Important Resistance Zone 43500-43600
Kindly do your due diligence, If Index halts in 43500-43600 or close by zone upside, we expect downside move back into 42900-43000 zone
Plan C - Breaking Support Zone 42900-43000 & Holding below
Index while returning back if breaks 42900-43000 then we expect 42500 downside
Plan D- Critical Support Zone 42400-42500 if breached on downside
Falling below 42400-42500, It can attempt 41597 where we started our idea published on 23rd & 26th Dec 2022
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Last Ideas Published
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23rd Dec 2022 - Ending Diagonal Idea at bottoms of 41600
26th Dec 2022 - Bears, Bulls & Bounce 500+ Points
BankNifty - Will Polarity Magic Repeat 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 support.
In current case former resistance 41840 highs made on 15th Sep 2022 could turn into support at 41843 lows made today 23rd Dec 2022 if holds
Holding 41840 Key level = Support, we expect targets
42500
42900
Idea published on 19th Dec 2021 - BankNifty Penultimate Pattern = Patience
Idea published on 17th Dec 2021- BankNifty Penultimate Wave - Pattern Repeats
BankNifty Penultimate Wave - Pattern Repeats 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 for next few months & formed bottom close to 15000 levels.
Is a similar pattern unfolding in BankNifty - Ask this question to yourself. Thanks for watching this video.