#banknifty view on 4th Dec'2020. We are having a correction wave: Triangle, Zig Zag Contracting Triangle Decison Zone:- 29,550 - 25,608 Resistance Zone:- 29,778 - 29,851 Upper targets:-29,710 / 29,813 / 29,920 / 30,045 Support Zone:- 29,150 - 29,223 Lower Targets:- 29,290 / 29,149 / 29,950 / 28,655 / 28,236 / 27,824 SL for all positional long is...
#banknifty #expiry view on 3rd Dec'2020. Decison Zone:- 29,268 - 29,362 Upper targets:- 29,441/ 29,602 / 29,750 / 29,913 Lower Targets:- 29,149 / 29,950 / 28,655 / 28,236 / 27,824 SL for all positional long is 28,800 Any crack can pull BN immediately to below 28k. Weekly Range:- Smaller Range:- 28,900 to 30,200 Larger Range:- 28,500 to 30,700 Always...
I am still bullish on reliance for a target of 2200 to 2250 by this Dec 2020 end.
#gold is bullish in long term, use the current dip to start accumulating gold this can give multi-fold returns in the next few years.
#banknifty view for 2nd Dec'2020. This week, the range will be as follows:- Smaller Range:- 28,900 to 30,200 Larger Range:- 28,500 to 30,700 Decison Zone:- 29,716 - 29,666 Upper targets:- 29,925 / 30,197 / 30,544 / 30,684 Lower targets:- 29,560 / 29,410 / 29,223 / 28,923 SL for all positional long is 28,580 No positional short above 28,500...
#banknifty view for 1st Dec'2020. This week, the range will be as follows:- Smaller Range:- 28,900 to 30,200 Larger Range:- 28,500 to 30,700 Decison Zone:- 29,227 - 29,348 Upper targets:- 29,470 / 29,560 / 29,712 / 29,880+ Lower targets:- 29,138 / 29,923 / 28,666 - 28,534 SL for all positional long is 28,580 No positional short above 28,500...
#banknifty view on 27th Nov'2020. Decision Zone:- 29,351 - 29,470 Upper targets:- 29,595 / 29,790 / 29,969 / 30,197 / 30,500 Lower Targets:- 29,250 / 29,132 / 28,994 / 28,666 - 28,534 Trend Reversal levels:- 29,520 Elliott Wave:- Wave B & Wave C is completed or Wave B is still in progress is confusion, let's see. SL for all positional long is 28,920. Always...
#expiry special #banknifty view on 26th Nov'2020. Decision Zone:- 29,351 - 29,440 Upper targets:- 29,595 / 29,790 / 29,969 / 30,197 Lower Targets:- 29,250 / 29,132 / 28,994 / 28,666 - 28,534 Trend Reversal levels:- 29,520 Elliott Wave:- Wave C target 1 is done, really don't know target 2 will be achieved or not. SL for all positional long is 28,580 Always...
#banknifty view on 25th Nov'2020. Decision Zone:- 29,720 - 29,802 Upper targets:- 29,920 / 30,105 / 30,276 / 30,515 / 30,825 Lower Targets:- 29,522 / 29,435 / 29,250 / 29,050 Trend Reversal levels:- 29,520 Elliott Wave:- Wave B is still in progress and extension seems to be in progress Wave A:- 29,785 to 28,581 Wave B extension is in progress:- 1.318 -...
#banknifty view on 24th Nov'2020. Decision Zone:- 29,185 - 29,104 Upper targets:- 29,324 / 29,500 / 29,785 / 30,069 / 30,245 / 30,386 / 30,528 Lower Targets:- 29,040 / 28,838 / 28,580 / 28,288/ 28,121 / 27,837 Trend Reversal levels:- 29,030. Elliott Wave:- Wave B is complete and wave 3 is in progress and below 29,838 it will be fast you won't get a chance to...
#banknifty view on 23rd Nov'2020. Decision Zone: 29,325 to 29,406 Upper targets:- 29,500 / 29,785 / 30,069 / 30,245 / 30,386 / 30,528 Lower Targets:- 29,182 / 29,040 / 28,838 / 28,580 / 28,121 / 27,837 Trend Reversal levels:- 29,030. Elliott Wave:- Wave A of correction is complete and Wave B is complete or Wave C is in progress will come to know on...
#banknifty view on 20th Nov'2020. Decision Zone: 29,030 to 29,150 Upper targets:- 29,368 / 29,620 / 29,914 / 30,220 / 30,515 / 30,702 / 30,998 / 31,180 Lower Targets:- 28,931 / 28,723 / 28,640 / 28,431 / 28,315 / 28,057 Trend Reversal levels:- 29,030. Elliott Wave:- Wave 5 likely is complete until we cross 29,785 in the next few days. If we have to assume...
#banknifty view for the next 2 weeks:- I can't resist to analysis the bank nifty on the daily time frame and hence mid of week did the analysis. 99% of the BN price movement of the last 6 months is covered within the regression channel of +4 & -2.5 sigma. As per Elliot's wave, wave 5 can go till 1.618 of wave 1, which gives a target of 29,871 and we made a high...
#banknifty view on expiry Decision Line:- 29,608 Upper targets:- 29,914 / 30,220 / 30,515 / 30,702 / 30,998 / 31,180 Lower Targets:- 29,460 / 29,334 / 29,030 /28,799 Trend Reversal levels:- 29,030 Elliott Wave:- Wave 5 likely in progress:- Wave 1 is 23,612.70 to 25,733.35 :- 2,160.65 Wave 5 starting point is 27,703.30 0.382 28,528 Done 0.5 28,783...
Decision Zone:- 28,971 to 29,030 Upper targets:- 29,180 / 29,343 / 29,624 / 29,791 / 29,850 Lower Targets:- 28,880 / 28,660 / 28,380 /28,380 / 28,180 / 28,030 / 27,830 Trend Reversal levels:- 28,520. Elliott Wave:- Wave 4 (29,030.3 to 27,703) has completed at 27,703 ( 34% of Wave 3) Wave 5 likely in progress:- Wave 5 is typically 61.8%, 100%, or 123.6% of...
Wave C of correction is in progress, which gives a target of 2,225 to 2,254. Which is a 10 % upside from here and the NIFTY target is being 13, 200 to 13,400, this 10% reliance upside will push nifty to that level. Don't think of long-term term here, just a swing trade for 10% is on the card. #reliance #trading #nifty
Picture is very clear, Wave 5 target :- 13,168 to 13,418 . Analysis based on- Patterns, Elliott Wave & linear regression with a standard deviation of +- 2. No need to be braveheart and go aggressive longs from here for a 5% return. Generally, wave 3 is the best wave to trade, and wave 5 has to be cautious, you never know when the next ABC correction will...
Banknifty Muhurat Trading 2020 strategy Decision Line:- 28,520 Upper targets:- 28,660/ 28,880 / 29,000 / 29,180 / 29,340 / 29,850 Lower Targets:- 28,380 / 28,180 / 28,030 / 27,830 Trend Reversal levels:- 28,520. Elliott Wave:- Wave 4 (29,030.3 to 27,703) seems to be completed at 27,703 ( 34% of Wave 3) Wave 5 likely in progress:- Wave 5 is typically 61.8%,...