subhagghosh

subhagghosh

#BANKNIFTY Short Term Positional View:- Price inside the falling channel, XYZ correction the min 100% is completed and any further downside can slide towards 36,181 / 35,464 / 34,654 What did I see? 1. Long above 37,465 and add more above 37,900, SL 37,050 2. Sell below 36,613 and add more below 38,181, SL 37,050 Any breach of 36,613 will result in panic...

subhagghosh

Everything is on the chart. ABC correction is in progress, the min C is done but it can extend further to 168% of wave A. Always trade what you see, not what you feel. Regards, SG

subhagghosh

There is two big news out in the market in between long weekend:- 1. Farm laws: India PM Narendra Modi repeals controversial reforms 2. Reliance, Saudi Aramco call off proposed investment deal #Banknifty has corrected 4081 points in the last 4 weeks, which proves the market knows everything in advance. Any panic on Monday must be bought in, bad news out of the...

subhagghosh

Simple two liner logic:- #banknifty seating at long term support line and falling wedge shows price contraction. View negates, once we get a weekly closing below the trend lines.

subhagghosh

#BANKNIFTY Short Term Positional View for the week ending 19th Nov For the first time in 3 weeks, BN has closed on the falling trend line (marked in red circle). BN has to sustain above this trend line to start afresh trend and projected movement along with the levels are marked on the chart. The correction from 41,829 to 38,346 seems to be a flat 3-3-5...

subhagghosh

Everything is on the chart, any query post in the comment will try to answer each & every one of you. Regards, SG. #elliottwave

subhagghosh

#banknifty view for 9th Nov'21:- 20 DMA @ 39585 is considered as Laxman Rekha, above positive & below negative. If the falling wedge is broken and holds upside, we might see an upside of 37,726 / 40.128 / 40,529. Still, #banknifty is not out of the bush, it has to be above 40,128 to fall back on track. Regards, SG

subhagghosh

#banknifty view for 8th Nov'21:- The price is already trading below the medium-term trend line and hence the market is weak and the index failed to move above 50% of the recent fall. I will be avoiding aggressive along until we cross above 40200 and hold. How to trade? 1. trade the range 39,229 to 40,128 until we have a decisive move. 2. Sell below 39k for a...

subhagghosh

#BANKNIFTY Muhurat Trading Analysis 39,726 is the Laxman Rekha, Up is +ve, and below is -ve 23% to 38% retracement of the whole wave structure from 41,829 - 38,426 is placed at 39,229 - 39,725. BN is negative below 39,725, 15 min candle closed above this level can bring 41,316 - 41,935 May the divine light of Diwali shine with peace, prosperity, happiness,...

subhagghosh

Just thought of posting a delta update:-

subhagghosh

#banknifty view for next week 29th Oct'21 - 4th Nov'21:- In an uptrend, the pullbacks are very common and as long as 50 DMA (37,590) is not violated, the trend remains up, and generally price retracing to 20 DMA ( 38,986) is considered as pull back. we have an identical set for the 1st week of Oct and will this scenario will be replicated? I still see no...

subhagghosh

#nifty analysis for next 2 days:- 12 th & 13th Oct #bearish #butterfly harmonic pattern detected and we might see some pullback & consolidation in the next 2 days.

subhagghosh

#BANKNIFTY Short Term View 11th - 15th Oct'21 | Delta Update Everything on the chart, if you have missed the rally, wait for a pull back for fresh entry. DZ:- 38,126 below negative & above positive E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will be short else you won't. John Maynard Keynes said, “the markets...

subhagghosh

#BANKNIFTY Short Term Positional View 11th - 15th Oct'21 Nothing wrong in the market, the structure is bullish only, but if we assume the short term ( marked in blue) is in progress, it will be tough to trade, as the structure is still not clear, might be an ending diagonal /complex structure. 5th Wave is tough to trade, now how to trade? buy the dips and sell...

subhagghosh

#banknifty update for 10th Oct'21 Nothing wrong in the market, the structure is bullish only, but if we assume the short term ( marked in blue) is in progress, it will be tough to trade, as the structure is still not clear, might be an ending diagonal/complex structure. 5th Wave is tough to trade, now how to trade? buy the dips and sell the rallies. DZ:-...

subhagghosh

One liner analysis:- Range-Bound expiry Regards, SG.

subhagghosh

Just thought of posting a delta update on the index, the price is moving as per the projected line Weekend Analysis:- Regards, Subhag

subhagghosh

#banknifty view for next week 4th Oct'21 - 8th Oct'21:- In an uptrend, the pullbacks are very common and as long as 50 DMA (36,227) is not violated, the trend remains up, and generally price retracing to 20 DMA ( 37,200) is considered as pull back. We have an identical set up a few weeks back and will this scenario will be replicated? if the gap-up holds and 37K...