subhagghosh

subhagghosh

OI up by 9.45% and price up by 0.67%, shows FNO neutral setup & FNO data is neutral to positive. Two harmonic patterns are detected:- 1. AB=CD, which gives a target of 22,294. 2. CYPHER, which gives a target of 22,590. Inside bar, breakout happens on the upside, but we have significant selling pressure on the upside and the pressure will continue till...

subhagghosh

OI up by 9.45% and price up by 0.67%, shows FNO neutral setup & FNO data is neutral to positive. Inside bar, breakout happens on the upside, but we have significant selling pressure on the upside and the pressure will continue till 22,668. I keep on repeating, we are in a broad range of 21k to 23k and 22k is the pivotal point, just play the range until we have...

subhagghosh

OI up by 8.56% and price up by 0.51%, shows FNO neutral setup and inside bar formation on the daily chart shows indecision. FNO data is neutral Recent Swing Low & High :- 21,389 - 22,933 Decision Zone 21,448- 21,557 AB=CD pattern predicts 22,294 levels, the PRZ - Potential Reversal Zone might be 22,122.5 - 22,389. I won't be aggressively long or short, as...

subhagghosh

OI up by 10.84% and price up by 0.62%, shows FNO neutral setup and Doji formation on the daily chart shows indecision. After RBI news:- 12:15 to 1:15 PM rally was due to long buildup in the range of 21,450-21,900 levels and the last 45 min pullback was due to short covering. FNO data is weak. Today technically we made Lower Low (21,289) & Lower High (21,924):-...

subhagghosh

OI down by 1.39% and price up by 0.09%, shows FNO neutral setup and Doji formation on the daily chart shows indecision. Today fall from 11:15 to 12:15 is due to shorting & long unwinding, long unwinding is a thing of worry. Today is the second day in we made lower low (21,449) and higher high (21,933) 4th Aug LL:21,065 and HH:21,574 29th July to 3rd Aug:- LH:...

subhagghosh

OI down by -3.84% and price up by +1.99%, shows short covering. 21,100 to 21,400 is the levels were the majority of long has been created, the pressure will be felt only BN goes below 21,000 levels. # today is the first day in the last 5 day's we made lower low (21,065) and higher high (21,574) As long as today's low holds, we will try to go up. #banknifty is...

subhagghosh

OI up by 24.22% and price down by -2.62%, shows significant short buildup. There was along with short covering & short buildup for is last 2hours ( 1:30 pm to 3:30 pm). #banknifty is made lower low and lower high constantly for the last 4 days LH: 22,346/22,253/21,807/21,544 LL: 22,906/21,580/21,375/21,031 Won't be long until you 21,807 is crossed, bounce...

subhagghosh

#BankNifty formed a Doji on the daily chart, people are confused either to go long or short. I kept on posting on social media, not to trade today as the #banknifty spend the whole day in the yellow zone. I keep my view for Monday as intact that of today. Bearish Shark formation target 1 is already done at 0.78 to .62 i.e. 22,672-22,320 Target 2, I won't share...

subhagghosh

Raising Wedge on a daily chart, #banknifty is consolidating in the range of 21,000 to 23,000. Any decisive closing below 21,000 may be suicidal for the market and we can easily see 1000 to 2000 point correction. I have kept the chart, very simple for a layman to understand. Note:- This is an additional update to what I posted yesterday night.

subhagghosh

Bearish Shark formation target 1 is already done at 0.78 to .62 i.e. 22,672-22,320 Target 2, I won't share right now, let's us get some pullback and then I will post the target 2. Correction Waves Details:- Wave A : - 23,112 to 21,615. Wave B : - 21,615 to 22,363 ( exact 50% of the wave A) Wave C : - 22,363 to ------ (21,438 / 21,329 / 21,241 / 21,152 can be...

subhagghosh

Intraday Trading Strategy:- 31th July 2020. I don't give much weightage to monthly expiry closing, as there are FNO adjustments and little of fundamental works. Entry Point:- Watch ADX recovering from 13-15 range & DMI+ crossing DMI- & RSI Increasing for entering trades. Once the condition is met enter the trade. Target:- 22,200/22,340 SL...

subhagghosh

#BankNifty will be volatile due to monthly expiry, trade with SL, and keep booking small profit. One cycle was complete of elliot wave ( 21,027 to 32,112 - 5 wave & 32,112 to 21,615- 3 wave). Use buy in dip stargetgy for a target of 22,363 / 22,540 / 22,791 SL 21,615. Trade what you see not what you feel, enjoy trading. Will change the view below 21,600.

subhagghosh

#BankNifty as discussed yesterday was weak and took support from trendline around 21,600. One cycle was complete of elliot wave ( 21,027 to 32,112 - 5 wave & 32,112 to 21,615- 3 wave). Use buy in dip stargetgy for a target of 22,363 / 22,540 / 22,791 SL 21,615. Trade what you see not what you feel, enjoy trading.

subhagghosh

We analyze multiple time frames to try to read what price is setting to us. In a daily time frame, we are in a range of roughly 21,000 - 23,000, and movement is choppy within the range. #banknifty seems to in time correction before breaking the range. Bulls Support :- 20,950 - 21,200. You can happily carry your long on bank nifty stocks with this as stop loss.

subhagghosh

#BankNifty Trading Strategy for 28th July'2020 The pattern got failed badly in #banknifty and the reversal of the short term trend will be below 20,096. Patterns Got failed in the last 2 week:- 1. PRZ in 22,650-22,750 range got failed and made a high of 23,211. 2. Cup & Handle got failed below 23,428 and made a low of 22,803. Now we have bearish shark...

subhagghosh

#BankNifty Trading Strategy for 27th July'2020 Cup and Handle formation on #banknifty, once the resistance zone is broken the upside target is 23,400/23,620/23703 SL is 22,411 for intraday long. Positional long SL is 22,000. Medium Term View:- 52W H :- 32,613 52W L :- 16,116 38.2 % 22,428 50.0 % 24,365 61.8% 26,311 Wave 2 is 21,967 to 17,195, so 50% of this...

subhagghosh

Inside Bar on the daily chart,22nd July High 23,208 & Low 22,600. Directional move once the levels are broken:- Good entry point is 22,700 - 22,750 levels 22,500 as SL. Target 1 is 23,365 and an extended target of 25K on cards. Flag formation on the daily chart, the probability is to break higher-ups. Don't get the impulse to short is there is a gap...