Bank nifty is currently forming Symmetric triangle pattern on 1hr chart. The sentiment is in weak . Hopefully we will see the breakout of this triangular pattern on any side. Until the market will consolidate. Once the brakout happens we will adjust our position towards the breakout side.
Thank you for your support. Today we are discussed about supply and demand concepts very shortly. I'll Post a detailed video concept with live examples later on , probably forthcoming weak with the same concept. So far Tata motor is bullish and it will reach all the way to 135 zone.
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As Today banknifty drifted towards 38.2% retracement level (Plotted 50% and 61.8%) of the last momentum move around 3800 points. So it formed the flag pattern and as well as it has travelled in a channel also , So from here onwards, it will give a up side of minimum 100-120 pts close to the chahnnel upper level of resistance. I'm looking bullish once the channel...
Entry At level 1 -30000 - 25% of Capital from allocated money to Banknifty
Entry At level 2- 29800 - +25% of Capital from allocated money
Entry At level 3- +25% of capital
Case 1: If from the first support the trade goes in favor I trail my stop loss to the break even point and no more addition to my positions.
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I will be positive on Nifty but my view is something different, As there was a huge 900 pt rally in just 2 trading session, I'll be shorter on Nifty once it reaches the marked resistance level or closer to the level with a stop of 25 pt ahead from the marked resistance level, for the target of first support level, then I will exit my position and wait for the...
Thank you for your support, It helps me more to post more educational videos on technical analysis. Today I was discussed about how market respects the trend, and how accurately works. Based on my experience and my knowledge and the way I'm analysis the market, I have posted an educational videos every week.
This week I was posted about the rally...
Firstly I thank you for all for your kind support,
Outlook View: Nifty I'm expecting a minor pull back will happen at opening and that pull back will be sold into because of huge Belt hold candle formation on Daily as overall sentiment also not good for uptrend, Need a +ve news to boost the rally. Bu so far sell on rallies is the...
This is my first video of Live analysis of the stock, in general I'll be plotting the trend lines and done my home work and start explain, now I'd like to post a live analysis, many people laging on tha, It will be helpful for new people who are get enter to the stock market.
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As I mentioned I'm Expecting a small or minor retracement towards 6330- 6290 level, I'll be a buyer on maruti and looking for the target of 6730 TG1 and 7000 level TG2. With a stop of 6200.
Currently chart patterns are looks good and nice flag pattern formation I have seen on the charts.
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For the coming Week I'm expecting Bank Nifty to correct towards Parallel channel to the first support level 27506 TG1 and 27350 TG2 levels. We will get minimum of 400pt while we Short BNF. This is our analysis for the coming week, make sure you have to do your own research and start trading.
Note the trend line also shows some kind of bearishness as well as the...
Charts Says there should be some buying opportunity comes around 11000-11010, I would be on Buyer side with a stop of 10980 on closing basis. Buying 11000 CE will give a good profit, This is our strategy on tomorrow Expiry.
RSI is below 50 So looking for Dips to buy else no trade on Nifty.
For EDU Purpose.
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On 15 min time frame, nifty is in consolidation phase and forms a small ascending triangle pattern, once the breakout happens then the first target would be 10916 levels and the second will be 10950 levels. Ensure it has to break the pattern as RSI should above 50 level.
Stop Would be 10800 level.
Buy on Dips Strategy If market could reverse from here, Structurally stock looks good for swing trade, due to expiry we will see some waves, but overall i'm Bullish on today until it should breach the level 29950. Lets see and update the same @ EOD. I'here by marked my first TGT level and the 2nd one. We will watch the market from the current position.
On 15min Chart H&S formation occured, It will Valid if there is an Up move on tomorrow Towards 27300 level, Then only we confirm the pattern. But so far BN charts looks Bullish as discussed we will go long tomorrow with a stop of 100 pt from today's close.
RSI also above 50 level mark. HH HL formation also negates downtrend move.
We are close to Support zone which is located near 26500 Zone, Until watch the market and go long from that position 26508-26558. Will gain minimum of 700 pts from there. This target will be valid till 12-09-2019. But one should accumulate after touching the strong support level of 26500+. Until we never trade on BNF.
Hint: Price should reach our target level...
I would suggest buy on dips strategy for Nifty, If we are closed below the short term trend line as mentioned in chart we will see further decline towards 10850, else we will see some upside towards 11180.
Looking for dips to buy.
RSI Should above 50 for long position.