subhagghosh

subhagghosh

#banknifty Decision line:- 28,520 above long below short. Uppper targets:- 28,635 / 28,736 / 28,870 / 28,990 / 29,092 / 29,271 / 29,385 Lower Targets:- 28,400 / 28,250 / 28,020 / 27,378 Positional Trend Reversal levels:- 27,075. Elliott Wave:- We might be in Wave 3 which has completed at today's high or might move to 29,271. Wave 4 will correct till 27,935 or...

subhagghosh Updated 

BN range:- 27068.95 — 27595.00 All target except the last target (missed by 25 points) was completed. Uppper targets:- 27,050 / 27,300 / 27,450 / 27,620 Decision line:- 27,450 No long trade as per my analysis only short trades:- Please don't hesitate to short now, all SL of short 28,500. Lower Targets:- 27,900 / 27,750 / 27,550 / 27, 350 / 27,200 / 27,075/...

subhagghosh

I am not asking for shorts but to book out now. Resistance areas:- Harmonic Trade extension is 1.618% is 28,180 Gann Resistance :- 28,225 Demand & Supply Resistance:- 28,186 to 28,305 Tomorrow's analysis will be posted after this.

subhagghosh Updated 

Decision Zone:- 26,696 to 26,826 (NO Trade Zone) above positive & below short. Keep zone low as SL with 5 min candling closing. Uppper targets:- 27,050 / 27,300 / 27,450 / 27,620 Downsize targtes:- 26,532 / 26,404 / 26,280 / 26,040 The sell will only come below 25,891 Always trade what you see, never trade what you feel. Make this a habit, you won't be...

subhagghosh

#banknifty Butterfly flying above 26,500 is a problem and can go till 28,180, the biggest trap is FOMO (Fear Of Missing Out) and that's where the problem starts. The butterfly can stretch 127% to 161.8% ( 127% is done).

subhagghosh

Elliot Wave Analysis of #banknifty On larger time frame:- The Wave 5 is expected by Dec end 2020. Wave 1 :- 16,116 to 21,967 Wave 2 :- 21,967 to 17,105 Wave 3 :- 17,105 to 25,232 Wave 4 :- 25,232 to 20,405 Wave 5 :- 20,405 to 28,215 (61.8 % of wave 4) to 30,059 (100% of Wave 4) / 31,198 (1.236% of Wave 4) Minor Trend Analysis:- Wave 3 is in progress and wave 3...

subhagghosh

Just a single line, explains you everything !!!

subhagghosh Updated 

Decision Line:- 26,221 Uppper targets:- 26,375/26,463/26,562/26,669/26,750 Downsize targtes:- 26,187/26,145/26,080/26,000/25,700/25,768 AB=CD setup completes at 26,775 Bullish Bat target is 26,676 Potential Reversal Zone:- 26,676 - 26,775 Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or...

subhagghosh Updated 

#banknifty:- Too Quick Rally to sustain and rasing wedge is not a good sign. Decision Zone:- 25,670 - 25,923 Upside:- 26,150 / 26,300 / 26,500 / 26,790 Downside:- 25,384 / 25,211 / 25,054 / 24,823 Keep 100 to 120 points as SL. Don't be short if BN crosses 26,311 then we are heading for 26,765/ 27,798 / 28,325 ( Yes 2000 point rally), but before this BN has to...

subhagghosh Updated 

#banknifty:- Too Quick Rally to sustain and rasing wedge is not a good sign. Decision Zone:- 25,670 - 25,923 Upside:- 26,150 / 26,300 / 26,500 / 26,790 Downside:- 25,384 / 25,211 / 25,054 / 24,823 Keep 100 to 120 points as SL. Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you...

subhagghosh

#banknifty:- Decision Line:- 24,775 above long & below short. UpsideTgt 25,130 / 25,280 / 25,440 and 25,600 Lower Tgt 24,555 / 24,375 / 24,195 and 23,950 Keep 100 to 120 points as SL. Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.

subhagghosh

#banknifty:- Decision Line:- 23,964 above long & below short. The move from 20,405 to 24,819 is complete an ABC correction is in progress, which gives a logical target of C at 23,150- approx. The structure completes above 24,386 and the new up-move starts from there. Price has stayed above the blue trend line 99% of the time during the last 4 weeks and it has...

subhagghosh Updated 

#banknifty:- Decision Line:- 24,080 above long & below short. Price has stayed above the trend line 99% of the time during the last 4 weeks. The high probability the trend line will be respected and the price will move up, in case the line is violated, pls don't hesitate to short. Buy Above 24200 for a target of 24350/24450/24600 SL 23,080 Sell below 23900...

subhagghosh

#banknifty :- SHIP formation, if sinks will 23,328 on card. Decision Line:- 24,175 above long & below short ( keep 100-120 point SL on DP for trading) Price has stayed above the trend line 99% of the time during the last 2 weeks. If this breaks, the people who are long on the index for the last 2 weeks will be under pressure and monthly expiry on a card can be...

subhagghosh Updated 

#banknifty Decision Line:- 24,582 above long & below short. Upside target of 25,000 / 25,232 /25,496 remains valid till 24,380 holds. What I said yesterday: "Monday's correction was normal and don't see a change in trend and won't hesitate to go long.", how valuable those words are you all understood it today. Where to short, if the wedge structure breaks,...

subhagghosh

#banknifty Decision Zone:- 23,962 - 24,077 above long & below short. The next round of selling is below 23,867, correction posibility:- 23,676 / 23,365 and trend will change only below 22,970. Monday's correction was normal and don't see a change in trend and won't hesitate to go long. Resistance Zone:- 24,250 - 24,380, once crossed we will be back to...

subhagghosh

#banknifty 24,364 ( 50% of 32,613 to 16,116) holds u see 26,311 ( 61.8%). SL for all positional long is 24,020. Decision Line:- 24,500 Two strategy to trade:- 1. Range Trading :- 24,250 to 24,750 2. Range breakout trading:- Buy Above 24764 Tgt 24850,24990 and 25040 (Bank Nifty Spot Levels) Sell Below 24250 Tgt 24050,23,900 and 23677 (Bank Nifty Spot...