As per the pattern BNF is currently in complex correction. Here on 1 H TF, it looks like continuation leg (X) (abc) of complex WXY(X)Z has been completed and now its going for retracement. (expected levels= 37489).
It is recommended to trade only in the direction of the trend. Here, in this case I'll wait for the retracement to over.
Backtesting results with NIKI BANKNIFTY Indicator. No chance to repent. For the Beck test, I consider Bank Nifty Future 1 Lot (75) with a 0.4% target and stop loss from the entry value. A maximum of 4 trades per day is considered. This is done on an intraday basis for a period of 1 year(2019 to 2020).
NSE:BANKNIFTY1!
📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas.
If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle...
NIKI BANKNIFTY is one of the best indicators for bank nifty future. It will work on 5 min chart with a candle pattern. It has an accuracy of 88% and a profit factor of 5.2. It has a fully automated trading setup with Indian brokers. It can be accessible from invite-only scripts.
This is the educational post, regarding how ABC- Zig-Zag pattern looks like, how it is formed and what are the possibilities regarding targets targets and stop-loss.
1- basic structure for wave ABC.
Here, wave A starts from 0 (starting point of wave A) to A (end of wave A) wave A completes here.
Next, wave B starts from A (end of wave A) to B (end of...
#BANKNIFTY_ALERT:_last Closed @ 36476
DEKHO KYA BOLA THA MANE - ABOVE 35356, IF Stay Above this level, WILL ZOOOM TO KISSS- 36156_36356
Yes, Once cross 36356, level, & Stay above this level, will zoom to see sharp short-covering !!
Upto 36674_______37156
Now WHAT TO EXPECT ???
Yes Below 36256, Once Break This Level, & Stay Below This Level
Panic...
If you know about bank nifty trend and trend is bearish. So please wait for lower high formation.
1:15 candle formed our LH setup and I shorted here and booked good profit.
please watch my video and share.
#BANKNIFTY_ALERT:_last Closed @ 35070
Above,
ABOVE 35356, IF Stay Above this level, WILL ZOOOM TO KISSS- 35830______________36156_36356
Yes, Once cross 36356, level, & stay above this level, will zooom to seee sharp short covering !!
Upto 35674_______37156
NOT INTERESTED TO SELL ANYTHINg @ lower Level,
CRUCIAL SUPPORT @ 34256____________33870
Yes....IN...
#BankNifty index opened negative and moved low 33160,
but it has hold below 33500 zones
and remained negative most part of session.
Now we can buy above 33500 and TGT 33800 SL:LIVE
and if it trade below 33200 we can wait for
next entry point.
NSE:BANKNIFTY1!
📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas.
If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle...
Hello Friends, I observed that on lower timeframes, traders find it hard to visualize the angle of Multi plotted EMAs due to fast moving value. To overcome the problem, EMA’s emerging angles have been plotted on the chart by extending the lines to defined points. Further, MTF, Source, Offset points, Deviation by %, Plotting on/off, Repainting on/off, Extension...
Bank nifty analysis on 18/05/2022 - Where to short & where to cover explained in the video.
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Bank Nifty - Multi time frame vwap analysis
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Share Market analysis by Multi time frame vwap analysis.
#BankNifty index opened positive and moved high 34620,
but it has failed to hold above 34600 zones
and remained negative most part of session.
Now we can buy above 34400 and TGT 34700 SL:LIVE
and if it trade below 34200 we can wait for
next entry point.
NSE:BANKNIFTY1!
📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas.
If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle...
BNF broke out of a trend line after multiple attempts but is still inside the long term channel. Took a good support of 34000 zone and bounced well at the end. Overall not as strong as NF.
