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.
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.
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...
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.
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...
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).
If you know about bank nifty trend and trend is bearish.
So please wait for lower high formation. Usually lower high candle will formed near recent resistance(previous support which now started acting as resistance) and consider those candle only.
You can use 100 EMA & 20 EMA to identifty trend. If candles are below 100 EMA or below both 100 & 20 EMA means trend...
#BankNifty index opened negative and moved low 33300,
but it has hold below 33750 zones
and remained negative most part of session.
Now we can buy above 33850 TGT 34050
and sell below 33750 TGT 33550
SL LIVE MARKET
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...
#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...
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...
#BankNifty index opened positive and moved high 34023,
but it has failed to hold above 33650 zones
and remained negative most part of session.
Now we can buy above 33450 TGT 33650
SL LIVE MARKET
NSE:BANKNIFTY
please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and...
