Head& shoulder formation observed on chart. If break the base line & sustain below - will open the downside targets. Due to uncertainty in global market can't predict the stoppage area. Limited & short term (Unsustainable) upside seen on chart. This all is for Knowledge -education - learning purpose only. Trade with your own risk & risk management...
Use this horizon for long term. (Yellow) Ruling Line has main leading role for BN UP & down move, in short above it go long - below it go short. Immediate & long term support & resistance are drawn, they will become vice versa after crossing the price ( i.e. support become resistance & resistance will turn into support). Bold white line is mean from covid-19...
ANALYSIS ON DAY BASIS. CAN USE horizontal lines as SUPPORT & RESISTANCE! HAPPLY TRADING! JUST for knowledge & learning Purpose only!
Education & Learning Purpose, Trade with risk management skill. HAPPY TRADING!
BANK NIFTY Will complete it's 05th wave near 35500 0r Below till 25th FEB. Purple Line level -@36100 is major role play, if stops here is good else can seen deep pain to downside. My view is Bearish in BN, so not seen any upside levels by my eyes on chart. This is just for Knowledge, learning & information purpose only. Trade with your own risk & risk...
This IDEA is Self Explanatory & this for Monday 21-02-2022 only! . Make the reading charts easy as you can......! This is for education, learning & information Purpose. Trade on your own risk & with risk management skill. APPRECIATE YOUR FEEDBACK/SUGGESTIONS! HAPPY TRADING!
Refer earlier idea for easy understanding! Can also check my Bank nifty longtime levels in Idea's section. Again Limited upside , rather no upside & downside is open for max. Cautious at cautious zone & Yellow marked levels. Trail SL for locking profits. Education purpose only, trade with risk management, with own risk.
Chart to Trade on Tomorrow. UPSIDE & Downside levels & targets. Possibility of upside is no or limited, Go for down side. Trade on your risk, Education purpose only. Suggestions are highly appreciated. Can check my previous idea on BN - That levels are working perfectly & can be use rest of the days!
Limited upside for few days! Sell on rise till the gap to be filled HAPPY TRADING!
Major & Minor trend lines can be used for long period of time. Keep eye on Candle pattern at cross-sections(trendlines) For better look kindly zoom in zoom out the chart Educational & Learning Purpose only. Trade with your own risk.
Lic housing has completed 50 % retracement from recent top, may down upto 61.80%. Once enter into main trending chanel, will start journey towards new high @ 600+ to complete 5th wave. Lines for ready reference & for timely profit booking (for Swing traders). Kindly follow strict SL(320).
Learning & Education purpose only. Trade with your own risk. Market is simple, we are the one's make it more complicated! Even me too.
All these are tentative dates as well as TOP-BOTTOM. Carefull for False Break-outs Upside & down side. BN should bounce from or near to the bottom green line. Kindly checkmy earlier analysis for your further knowledge & ready reference! /in.tradingview.com/chart/BANKNIFTY/j36j8jbR-Bank-Nifty-Long-term-S-R-Fib-Retracement-with-Trendlines/ Happy Trading!
Can be used for long term too, simply follow the lines; For uptrend - follow dotted lines For down trend - follow dashed lines DL - Deciding line - Blue : Above up, Below down Temporary Supply & Demand zone Cautious at cross sections of lines & solid lines Trend on your own risk. This analysis is for learning & education purpose. "Market is not like it...
You can further extend these lines & they will work. Trade with your own risk. This is for learning purpose & to find S/R. Happy Trading!
Watch the price action in or near colored square, as well as the black greed lines. The black line may of further use..just extend them on your chart. Suitable for any timeframe! Happy Trading
If The bank nifty has made its high, I hope this structure will work ( Invalid only if break & trade above red line). This is by using Fib, time cycle & Harmonic pattern (as per my little knowledge about this). - Previous analysis for BN I was wrong(FYI only). This is for learning & Education Purpose only. Trade with your own risk.
Trade with your own risk. Learning and Education Purpose only.