we seen there is triangle formation in banknifty which can give the tgt aprox 50k to 53k as shown in graph
Reason for long a) OIO and IOI set up b) reversal set up powered by QQE c) Weekly breakout d) SL compulsory
Please read the notes as mentioned on the notes and corresponding geometric presentation. Disclaimer: I am not a SEBI registered analyst and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be liable for any of your profits or losses.
Let's wait for the entry. This is for educational purposes only.
3 Wave pattern, chances are in the morning to breakout & touch upside. whether can sustain or not is the question , depends on overall market situation
Bank nifty is moving within an upward channel. Coupled with and news and down momentum, it's giving multiple short opportunities. As per Bulls eye indicator, it's in bearish territory, good to keep booking profits and wait for turn around along with sentiment.
As you can see in this chart that banknifty is following this pattern from last three time. Based on formation there is a reversal candle formed near important support area.
Time Period (1-3 Days) Buy BANKNIFTY Above 46940 Stop Loss 46620 Target 47170-47300
Shorted 45500 put and 47300 call for a combined premium of 110 Rs for 20th expiry. Please note this is a naked sell with 78 % possibility of profit the same can be checked on Opstra, however a gap opening can change the dynamics, so take positions with hedge or keep sufficient margins to make adjustments 47300 sold at 72 45500 sold at 29
Bank nifty forms H&S pattern. As per chart 47370-47730 is major resistance range. If bank nifty come in this range it can short for 46730 intermediate target. It may also test 46100 to complete this chart pattern and fill previous gap show in chart.
Reason for short a) there is probability of touching march month low on Thursday or on Friday b) HSP will be actives as once weekly low breaks down c) Good risk reward zone d) Vwap breakout e) QQE supports, if weekly low breaks SL compulsory
Looking good for long position. Enter only after confirmation.
Banknifty has tested it's demand zone. Market structure shift has been done. It will come to retest the supply zone till 48000.
All level are mention in chart. Overall trend is down but not as much as yesterday's nifty.
All technical indicators ( price & volume based) showing an up move in bank nifty with a long bias but here's a twist to the story 1. FII & DII are heavily bearish in futures while retail is strongly bullish. If a correction comes, it will be super sharp. 2. FED meeting this week, Fed will not cut down rates in H1 of this year, indicating a bearish sentiment in...
Disclaimer:- This is not A BUY OR SELL recommendation. please Consult with your financial advisor or with broker before taking any trade, this post is for educational purpose only . warning :- do not jump directly or do not copy my trades DO your analysis properly
Banknifty - It shows that it taken out liquidity from Major Resistences on a GAP and 60 RSI on DAILY as well as WEEKLY Chart. if it not Close above GAP with BULLISH Candle we only check for Bearish Trades.
Follow our levels for atleast 10 days to get good gains