#banknifty analysis for 24th May'2021 AB = CD pattern observed, Wave 3, Harmonic all are giving a target of 35,200 +- 200 range, which might be a potential reversal point, before any next significant move. Decision Line:- 34,598 Resistance:- 34,867 / 35,071 - 35,271 / 35,852 Support Zone :- 34,287 / 34,048 , 33,752 Ref:- One of the best forms of PA action...
#banknifty analysis for 21th May'2021 We are in wave 4 of pullback, should ideally take support from the 33,129 - 33,368 zone to continue its journey towards 34,837 to 35,270. Some people will criticize, the analysis violates the basic rule of EV, wave 4 enters wave 1 territory, but I am not here to prove EV is right or wrong, but to show you how #banknifty...
#banknifty analysis for 20th May'2021 #expiry Nothing changed from yesterday to today, we are in pullback and till 32,840 holds, use dips to go long for higher targets. Decision Line:- 33,750 (Above positive & below negative) Resistance:- 33,918 / 34,245 / 34,509 / 34,772 Support Zone :- 33,664 / 33,368 / 33,129 One of the best forms of PA action is not to...
#banknifty analysis for 19th May'2021 Decision Line:- 33,918 (Above positive & below negative) Resistance:- 34,245 / 34,509 / 34,772 Support Zone :- 33,664 / 33,368 / 33,129 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...
#banknifty analysis for 18th May'2021 Decision Zone: 33,046 - 33,200 (Above positive & below negative) Resistance:- 33,880 / 34,000 / 34,442 Support Zone :- 32,910 / 32,804 / 32,680 Too quick rally to sustain, longs be aware. 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...
#banknifty analysis for 17th May'2021 Decision Line:- 32,318 (Above positive & below negative) Resistance:- 32,650 / 32,804 / 33,150 / 33,297 / (33,320 - 33,455 ) Support Zone :- 31,888 / 31,321 Positional upside target is 34,060 - 34,815 (Impulse Wave 5 target) & 34,130 - 34,442 (Diagonal Wave 3 target) One of the best forms of PA action is not to predict...
#banknifty analysis for 14th May'2021 Decision Zone:- 32,520 - 32,720 (Above positive & below negative) Resistance:- 32,880 / 33,150 / 33,297 / (33,320 - 33,455 ) Support Zone :- 31,906 - 32,068 / 32,191 - 32,352
#banknifty analysis for 12th May'2021 #Expiry The regression line shows we are moving up only, on a daily time frame we are neutral. This indicates, either we will consolidate or move up. I don't see weakness until we close below 32,500. Decision Zone:- 32,875 (Above positive & below negative) Resistance:- 33,150 / 33,297 / (33,320 - 33,455 ) Support Zone :-...
#banknifty analysis for 10th May:- Decision Zone:- 32,925 - 33,030 Resistance Zone:- (33,259 - 33,362) / 33,545 / 33,728 / 33,955 / 34,216 Support Zone :- (32,667 - 32,771) / 32,484 / 32,301 / 32,075 SL for positional long 31,565 Supporting view:- One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how...
#banknifty analysis for 7th May:- The market is moving in a tight range for the last two days, we might start a decisive move from here. We have two scenarios here, an inverted flag pattern showing downside till 31,500 and EW analysis showing an upside target of approx 35,000. So the best wave to trade is to take trade in the direction of the breakout. Decision...
#banknifty analysis for 5th May:- Nothing much to be analyzed compared with yesterday. Decision Zone:- 32,380 - 32,495 Resistance Zone:- 32,604 / 32,804 - 32,926 / 33,247 - 33,456 Support Zone :- 32,147 - 31,188 / 31,888 / 31,565 / 31,321 SL for positional long 31,565 One of the best forms of PA action is not to predict but to act on the price, chart tells...
#banknifty analysis for 4th May:- Decision Zone:- 32,566 - 32,663 Resistance Zone:- 32,804 - 32,926 / 33,247 - 33,456 Support Zone :- 32,346 / 32,147 / 31,188 SL for positional long 31,565 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...
#banknifty analysis for 3rd May:- The fall of 7,303 points from 37,708 to 30,405 and followed by 55% or 3882 point pullback from 30,405 to 34,287, we might have some more steam left to move to 34.5-35K levels, downside till 33,200 to 32,600 is visible. Decision Zone:- 32,960 - 33,030 Resistance Zone:- 33,195 - 33,247 / 33,644 / 34,057 Support Zone :- 33,605...
#banknifty analysis for 30th April:- The fall of 7,303 points from 37,708 to 30,405 and followed by 55% or 3882 point pullback from 30,405 to 34,287, we might have some more steam left to move to 34.5-35K levels, downside till 33,200 to 32,600 is visible. Decision Zone:- 33,700 - 33,833 Resistance Zone:- 34,057 / 34,287 / 34,407 / 34,644-34,918 Support Zone...
#banknifty analysis for 29th April:- Expiry Decision Zone:- 33,469 - 33,633 Resistance Zone:- 33,990 / 34,197 / 34,407 / 34,644-34,918 Support Zone :- 33,500 / 33,320 / 33,085 / 32,825 / 32,500 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...
#banknifty analysis for 28th April:- Decision Zone:- 32,480 - 32,650 Resistance Zone:- 31,978 / 32,250 - 32,370 / 33,511 Support Zone :- 31,150 - 31,370 / 30,914 / 30,667 Tomorrow 33,300 area will be the Laxman Rekha to cross. 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...