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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.
NSE:BANKNIFTYLong
by WaveTalks
17
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.
NSE:BANKNIFTYLong
by WaveTalks
16
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 --------------------------------- Last Ideas Published --------------------------------- 23rd Dec 2022 - Ending Diagonal Idea at bottoms of 41600 26th Dec 2022 - Bears, Bulls & Bounce 500+ Points
NSE:BANKNIFTY
by WaveTalks
38
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
NSE:BANKNIFTYLong
by WaveTalks
13
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.
NSE:BANKNIFTY
by WaveTalks
6
BankNifty - WaveTalks : Five Elements to WatchGood 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 Critical Level - 40800 Most important level to break & bulls have to be extremely cautious Pattern Unfolding Next? Pattern which will unfold in next few sessions as it could be last wave (pattern) of the sequence which started from 37386.35 will decide the next course of action. Once critical level 40800 is broken - Traders have to be careful.
NSE:BANKNIFTYLong
by WaveTalks
6
HDFC- Cracks from The Top of 2507/ Hidden Divergence (Y-Wave)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 towards 2000 levels & has to be reviewed at certain intervals as markets are too volatile. The last related idea can be checked below Thank you Related Idea for HDFC Bank Nifty - Will if follow in the footseps of HDFC?
HShort
by WaveTalks
8
Bank Nifty - Channels Basis For WavesChannels have been basis for wave analysis. Drawing them on price data offers support & resistance offering good trading opportunities. One such channel drawn from the bottoms of 37950 & connected with 39258 lows offered support to the opening low of 40288 as of today - 14th Sep 2022 Prices rallied sharp upside to new highs above 41600+ which is very close to upper boundary of the parallel channel. Can this halt the price action on upside & traders get fall again is the matter of due diligence to be done from your end. Kindly do not take this as a trading call. Thank You.
NSE:BANKNIFTYEducation
by WaveTalks
2
Bank Nifty-Short Term (Double Top Resistance)- Sell Below 40545From 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 corrective in nature. but we need price confirmation before taking any trades. Trading strategy Sell trade should be taken only if Index drops below 40545 - key level & we look for 40378 -critical level target downside & going below 40378 - our final target will be 40280 & 40000 (40K) Targets ( Active once index drops below key level 40545 as mentioned in Trading Strategy) 40378 40280 40000 Stoploss Once Index slips below 40545 & call activates - immediate high should be kept as stop loss which is currently 40685 Thank you for reading Check the related idea below
NSE:BANKNIFTYShort
by WaveTalks
12
BankNifty-Twist & Turn-Will it die on Euphoria? Island ReversalDisclaimer: This is not an Investment Advice. Trading leveraged products carries a high degree of risk and you could lose more than your initial deposit. "Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell." -John Templeton What Is an Island Reversal? An island reversal is a price pattern indicating grouping of days on either side by gaps in the price action. This price pattern occurs when two different gaps isolate a cluster of trading days. Pattern usually indicates reversal in trend - which can be short term or long term. Check the charts 7th Sep 2022 Gap down opening as shown in circle shape & 8th Sep 2022 - Possible Gap up opening in next trading session Check the Snapshot / Image - Island Reversal Pattern Try to relate with the current chart of BankNifty. Check yourself where are you in the chart & what could you expect if something similar has to repeat. Thanks for reading
NSE:BANKNIFTYEducation
by WaveTalks
9
BankNifty - Possible Ending Diagonal Scenario with Twist Ending Diagonal with a twist. As identified support zone 39550-39600. Index post falling from 40073 highs slipped to 39759 first / did some sideways & fall continued below 39759 to very important support zone & day low in the zone as 39564 Holding in support zone we expect Index to push once again 40K + target zone where you have to be careful. ---------------Not a trading call -------Consult your financial advisor before trading----------------
NSE:BANKNIFTY
by WaveTalks
13
Bank Nifty - Triangle 15 Mins ChartBank Nifty Index has been doing sideways in the range 37959 (critical high) & 38800 (critical low). Looks like unfolding a triangle. If you identify them then such patterns are amazing as traders get multiple opportunities between zone identified. Trading Strategy ( Current Spot Price- 39305) Plan A - Buy close in 39000-39100 zone if Index halts above 38981 which should act as minor support. Avoid taking buy positions if fails to hold 38981 Target - 39650-39700 Plan B - Selling close to critical high 39759 ( Avoid Selling If crosses above 39759 & moves higher above) Target - 39150 / Below 39100 - 38800 / Below 38800 - 38350 / lower targets have to be reviewed later.
NSE:BANKNIFTY
by WaveTalks
4
BankNifty - LongTerm / ShortTerm Outlook (Time Cycles)Long Term Outlook We picked time cycle tool available in drawing tools & tried getting dominant lows & highs. Over the process we realised that 18 Week cycle is dominant & running for Bank Nifty Index giving us important lows & highs. Next low could be due in middle of the Oct 2022 which could be shifted to close to Nov 2022 if current high holds at 39759 which was identified as the recent high Cycle Analysis Cycles are always measured from low to low only but at times we can break that rule for analysis purpose & we can even take low to high but these won't be termed as cycles because cycles are always low to low. In Cyclical Analysis Low = Trough High= Crest Short Term Outlook We identified an ending diagonal which marks the end of the trend & usually occurs later in the trend signifying that we could be close to the tops Till the the high of 39759 is intact we assume that another wave is pending downside & have to review again if 39759 highs are taken out on upside. On short term basis a parallel channel is used to get possible resistance zone which could be upper end of parallel channel close to 39300-39400 zone . If halts at the top then we may assume that fall may start or if Index fall below 38803 lows Thank you for watching the video & have a nice weekend.
NSE:BANKNIFTY
by WaveTalks
15