subhagghosh

subhagghosh

#banknifty analysis for 22nd June'2021 We are in the up move which started on 3rd May from 32,054, which made high of 35,810 after 1 month on 4th June. Last 2 weeks we in correction move (wave 4 of the intermediate trend - Which is ideally the 4th wave which ideally 50 % - 33,932 to 61.8% - 33,489 of up move) We are in ABC correction if we look at the...

subhagghosh

#banknifty analysis for 21st to 25th June'2021 We are in the up move which started on 3rd May from 32,054, which made high of 35,810 after 1 month on 4th June. Last 2 weeks we in correction move (wave 4 of the intermediate trend - Which is ideally 4th wave which ideally 50 % - 33,932 to 61.8% - 33,489 of up move) We are in ABC correction if we look at the...

subhagghosh Updated 

#banknifty analysis for 18th June'2021 Deleted the whole chart and recreated it, 35,500 zones will be a hurdle zone, still, I see RRR is in favor of long, Oscillators is already in the oversold zone. Note:- Majority of pivot points are in 35100 are and 10 & 20 DMA is placed at 35,060 & 35,081 respectively, till we cross 35,100 selling pressure will...

subhagghosh

#banknifty analysis for 17th June'2021 #expiry Decision Zone (Above positive & below negative bias) :- 34,965 Decision Points (Can either act as support or resistance):- 34,259 / 34,491 / 34,724 / 35,088 / 35,140 / 35,262 / 35,344 The invalidation point of upmove is 34,724 ( which will be SL for longs). One of the best forms of PA action is not to predict but...

subhagghosh

#banknifty analysis for 16th June'2021 Decision Zone (Above positive & below negative bias) :- 34,845 Decision Points (Can either act as support or resistance):- 34,259 / 34,491 / 34,724 / 35,088 / 35,140 / 35,262 / 35,344 The invalidation point of upmove is 34,724 ( which will be SL for longs). One of the best forms of PA action is not to predict but to act...

subhagghosh

#banknifty analysis for 15th June'2021 Decision Zone:- 35,088 - 35,092 Resistance:- 35,350 / 35,550 - 35,650 Support Zone :- 34,930 / 34,801 /34,673 / 34,259 / 33,964 Reduced the time frame to 15 min, to capture intraday moves. I will try to post delta updates on a daily basis or if there is any significant change in structure. One of the best forms of PA...

subhagghosh

#banknifty analysis for week 14th - 18th June'2021 Looks like we are in wave 5 of intermediate trend, which might be an ending diagonal wave and you might observe low volume and momentum ossicular will shart showing divergence. Decision Line:- 34,142 Resistance:- 35,350 / 35,550 - 35,650 Support Zone :- 34,068 / 34,930 / 34,750 / 34,410 - 34,608 All long SL...

subhagghosh Updated 

Lower side target completed, hopefully, it should go up, the levels are on the chart.

subhagghosh

#banknifty analysis for 10th June'2021 #expiry Zig Zag Correction, leg C is always furious, I still see the market is on the upside. The wave structure breaks below 34,410. Decision Zone:- 34,946 - 35,009 Resistance:- 35,142 / 35,370 / 35,550 Support Zone :- 34,844 - 34,717 / 34,410 - 34,608 / 34,142 One of the best forms of PA action is not to predict but...

subhagghosh

#banknifty analysis for 9th June'2021 Looks like a zig-zag correction, which seems to get over and will move back to the normal course of upmove. The market is well above 20/50/200 DMA and correction seems to be normal for a long entry. Decision Line:- 35,200 Resistance:- 35,370 / 35,550 / 35,960 Support Zone :- 34,950 / 34,844 - 34,717 / 34,410 -...

subhagghosh

15680 is a good place to go long, target 15800. SL 15,650

subhagghosh

#banknifty analysis for 8th June'2021 Decision Line:- 35,524 - 35,595 Resistance:- 35,960 / 36,326 Support Zone :- 35,370 / 35,142 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 the chart to act else don't trade. E.g. One of the important DP is...

subhagghosh

#banknifty analysis for 4th June'2021 Decision Line:- 35,524 - 35,595 Resistance:- 35,960 / 36,326 Support Zone :- 35,370 / 35,142 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 the chart to act else don't trade. E.g. One of the important DP is...

subhagghosh

#banknifty analysis for 3rd June'2021 #expiry Decision Line:- 35,285 - 35,595 Resistance:- 35,524 / 35,960 / 36,326 Support Zone :- 34,751 / 34,608 / 34,410 / 34,142 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 the chart to act else don't...

subhagghosh

Nothing is changed in my analysis, the analysis remains the same for 2nd Juine'21. One day consolidation, the majority of bull analysts turned bears today.

subhagghosh

#banknifty analysis for 1st June'2021 Can you ignore the following, if you follow technicals? 1. First time in 11 weeks, BN closed above 35,500. 2. BN is trading above All DMA (5/10/20/50/100/200). 3. All momentum oscillators (RSI, CCI, ROC, Ultimate Oscillator) are in buy mode. 4. All trend oscillators (MACD, ADX, Bull/Bear Power) are in buy mode. 5....

subhagghosh

#banknifty analysis for 31th May'2021 Decision Line:- 35,142 Resistance:- 35,524 / 35,960 / 36,326 Support Zone :- 34,751 / 34,410 / 34,142 / 33,850 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 the chart to act else don't trade. E.g. One of the...

subhagghosh

#banknifty analysis for 28th May'2021 Decision Zone:- 34,860 - 35,006 Resistance:- 35,200 / 35,550 / 35,960 / 36,350 Support Zone :- 34,751 / 34,410 / 34,142 / 33,850 Rising Wedge is not a good sign, book profit at higher levels. 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....