subhagghosh

subhagghosh

#banknifty analysis for 24th Feb Decision Zone:- 35,183 - 35,305 Upper Targets:- 35,500 / 35,600 / 35,800 Lower Targets: 35,050 / 34,850 / 34,750 /34,500 34,722 is a trend reversal level until 34,722 holds we are good. One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for...

subhagghosh

#banknifty analysis for 23rd Feb Decision Zone:- 35,090 - 35,240 Upper Targets:- 35,500 / 35,600 / 35,800 Lower Targets: 34,850 / 34,750 /34,500 Max's downside is not more than 34,500 is what I see. One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on...

subhagghosh

#banknifty analysis for 22nd Feb Six days of consolidation, followed by one & half days of breakout and then four & half days of pullback consolidated support levels, that what I see. 35,400 - 35,600 is a very strong support belt, if holds we again move towards 37,000 to 37,900. If the support breaks, 34,000 is on cards. M patterns on harmonic are basically...

subhagghosh

#banknifty analysis for 19th Feb Six days of consolidation, followed by one & half days of breakout and then three & half days of pullback to breakout levels, that's what I see. Ideally, if breakout holds, we might move toward 37,700 to 38,200 levels, and if not we might test 35,550 levels. Decision Zone:- 36,582 - 36,661 Upper Targets:- 36,837 / 37,170 /...

subhagghosh

#banknifty analysis for 19th Feb Six days of consolidation, followed by one & half days of breakout and then three & half days of pullback to breakout levels, that's what I see. Ideally, if breakout holds, we might move toward 37,700 to 38,200 levels, and if not we might test 35,550 levels. Decision Zone:- 36,582 - 36,661 Upper Targets:- 36,837 / 37,170 /...

subhagghosh

#banknifty analysis for 18th Feb A rising wedge is not a good sign, we might extend till 38,100, which is an excellent place to short for a downside target of 35,500 Decision Zone:- 37,050 - 36,950 Upper Targets:- 37,234 / 37,347 / 37,506 / 37,708 / 37,966 / 38,100 Lower Targets: 36,735 36,477 / 36,132 One of the best forms of PA action is not to predict...

subhagghosh

#banknifty analysis for 17th Feb BN gave breakout on Monday after 6 days of consolidation and today's was a pullback after a breakout. We need to go long on this index, pullback can be today's low or might be a bit more correction till 36,132 levels for a final target of 38.5K on the upside. Decision Zone:- 37,124 - 37,235 Upper Targets:- 37,347 / 37,506 /...

subhagghosh

#banknifty analysis for 15th Feb Looks like 36,500 is tough resistance to deal with, if it fails to break we might see a 5 -8 % correction. Decision Zone:- 36,025 - 36,101, trend deciding levels 34,750 Upper Targets:- 36,271 / 36,376 / 36,450 / 36,696 / 36,943 / 37,053 / 37,209 / 37,409 Lower Targets: 35,899 / 35,620 / 35, 456 / 35,099 / 34,741 / 34,232 One...

subhagghosh

#banknifty analysis for 12th Feb After 5 days of consolidation, you can expect a trending move on Friday, broader range 35,500 - 36,500, any side range breakout you can expect 600 to 1000 points directional moves. Decision Zone:- 35,743 - 35,796, trend deciding levels 34,750 Upper Targets:- 35,899 / 36,271 / 36,376 / 36,450 / 36,696 / 36,943 / 37,053 / 37,209 /...

subhagghosh

#banknifty analysis for 11th Feb #expiry In the last 4 day's bulls can consolidate on the higher side and this is a good sign and signifies time correction, either we carry on with time correction for the next couple of days before again moving up. In the ascending triangle formation, a breakout on either side has to be tracked and positional trades have to be...

subhagghosh

#banknifty analysis for 10th Feb In the last 3 day's bulls are able to consolidate on the higher side and this is a good sign and signifies time correction, either we carry on with time correction for the next couple of days before again moving up. Decision Zone:- 36,169 - 36,037, trend deciding levels 35,750 Upper Targets:- 36,271 / 36,376 / 36,450 / 36,696 /...

subhagghosh

#banknifty analysis for 9th Feb The last 2 days' chart doesn't look great. Gravestone Doji on the daily chart on Friday, until Friday's high, is not crossed, the index will be under pressure. Decision Zone:- 35,910 - 36,153, trend deciding levels 35,750 Upper Targets:- 36300 / 36500 / 36900 Lower Targets: 35,777 / 35,550 / 35,300 / 35,050 One of the best...

subhagghosh

#banknifty analysis for 8th Feb 7 trading session 6927.5 point rally, it's too fast & furious rally to sustain and have to cool down. Gravestone Doji on the daily chart on Friday, until Friday's high, is not crossed, the index will be under pressure. Decision Zone:- 35,545 -35,979, trend deciding levels 35,750 Upper Targets:- 35, 950 / 36100 / 36300 /...

subhagghosh

#banknifty #ElliotWave analysis on monthly time frame:- Wave 1 is from 2110 to 10,774 is of 8,634 points. Wave 2 is from 10,774 to 3,314 is of 7,460 points, corrected here almost 86% of wave 1 Wave 3 is from 3,314 to 32,613 (29,299) extended 253% of wave 1 Wave 4 is from 32,613 to 16,116 (16,497) corrected almost 56% of wave 3 Move from 0-3 is 2,110-32,613 =...

subhagghosh

#banknifty analysis for 5th Feb 6 trading session 5725 point rally, it's too fast & furious rally to sustain and have to cool down. The pattern getting formed is nonsustainable and will fail (71% elevation can't be sustained) Positional short only below 34,200. Decision Zone:- 35,028 -35,160 Upper Targets:- 35,321 / 35,413 / 35,845 / 35,996 / 36,112 /...

subhagghosh

#banknifty analysis for 4th Feb #expiry special 5 trading session 5220 point rally, divergence on RSI & MACD crossover on the verge, but the price needs to confirm the corrective wave. It's too fast & furious rally to sustain, better to book out the profit. Positional short only below 34,050. Decision Zone:- 34,583 - 34,655 Upper Targets:- 34,791 / 35,321 /...

subhagghosh

#banknifty analysis for 2nd Feb Decision Line:- 32,167 Upper Targets:- 33,586 / 34,047 / 34,419 Lower Targets: 31,637 / 31,265 / 30,892 / 30,432 Don't short the market, until 32,167 breaks, till then use the dip to go long. One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for...

subhagghosh

#BankNifty Live analysis @10.15 AM 1st Feb #budget 30206 is the pivotal point, above is positive & below is negative, any directional move u can get min 1000 point move. VIX is high, don't trade option until VIX crases, impacting premium of both calls & puts. 32k on the upside & 29k on the downside, very much possible based on-budget outcome.