subhagghosh

subhagghosh Updated 

Bearish Shark formation target 1 is already done at 0.78 to .62 i.e. 22,672-22,320 Target 2, I won't share right now, let's us get some pullback and then I will post the target 2. Correction Waves Details:- Wave A : - 23,112 to 21,615. Wave B : - 21,615 to 22,363 ( exact 50% of the wave A) Wave C : - 22,363 to ------ (21,438 / 21,329 / 21,241 / 21,152 can be...

subhagghosh

#BankNifty will be volatile due to monthly expiry, trade with SL, and keep booking small profit. One cycle was complete of elliot wave ( 21,027 to 32,112 - 5 wave & 32,112 to 21,615- 3 wave). Use buy in dip stargetgy for a target of 22,363 / 22,540 / 22,791 SL 21,615. Trade what you see not what you feel, enjoy trading. Will change the view below 21,600.

subhagghosh Updated 

#BankNifty as discussed yesterday was weak and took support from trendline around 21,600. One cycle was complete of elliot wave ( 21,027 to 32,112 - 5 wave & 32,112 to 21,615- 3 wave). Use buy in dip stargetgy for a target of 22,363 / 22,540 / 22,791 SL 21,615. Trade what you see not what you feel, enjoy trading.

subhagghosh

We analyze multiple time frames to try to read what price is setting to us. In a daily time frame, we are in a range of roughly 21,000 - 23,000, and movement is choppy within the range. #banknifty seems to in time correction before breaking the range. Bulls Support :- 20,950 - 21,200. You can happily carry your long on bank nifty stocks with this as stop loss.

subhagghosh Updated 

#BankNifty Trading Strategy for 28th July'2020 The pattern got failed badly in #banknifty and the reversal of the short term trend will be below 20,096. Patterns Got failed in the last 2 week:- 1. PRZ in 22,650-22,750 range got failed and made a high of 23,211. 2. Cup & Handle got failed below 23,428 and made a low of 22,803. Now we have bearish shark...

subhagghosh Updated 

#BankNifty Trading Strategy for 27th July'2020 Cup and Handle formation on #banknifty, once the resistance zone is broken the upside target is 23,400/23,620/23703 SL is 22,411 for intraday long. Positional long SL is 22,000. Medium Term View:- 52W H :- 32,613 52W L :- 16,116 38.2 % 22,428 50.0 % 24,365 61.8% 26,311 Wave 2 is 21,967 to 17,195, so 50% of this...

subhagghosh

Inside Bar on the daily chart,22nd July High 23,208 & Low 22,600. Directional move once the levels are broken:- Good entry point is 22,700 - 22,750 levels 22,500 as SL. Target 1 is 23,365 and an extended target of 25K on cards. Flag formation on the daily chart, the probability is to break higher-ups. Don't get the impulse to short is there is a gap...

subhagghosh

Warning Retail to stay away from this counter:- You have much better scripts available. This is blown out of proposition, out target is done. The rest is your choice.

subhagghosh

#banknifty Are we ready for a morning cup of tea? T 23365 SL 22600, LTP 22,950.

subhagghosh

Levels & Target on the chart. The immediate target of 2600 on cards in next 3 to 6 months. Algo in buy mode.

subhagghosh

Perfect CUP & Handle formation, chini kam chai jaida. The breakout above 23000, can result in 2K move, so be cautious with your shorts. My hands are itching for short creation, but technically we are strong. Today on OI data, there is no profit booking and short position is getting created, if market goes up the shorts will propel the BN like a rocket. Will...

subhagghosh Updated 

#banknifty Cypher pattern:- Bearish formation seen on #banknifty Focus on PRZ - Price Reversal Zone (22,650 - 22,750) Nifty P/E stands at 28.86, bubble expanding, be cautious. Head & Shoulder formation in progress in a 1-hour chart, any bubble break will happen below 21,000 might see a target of 18,895. I won't change my view based on dow or vaccine news, I...

subhagghosh

On public demand, posting 1 year backtest result on algo performance on #banknifty.

subhagghosh

#dixon in unchartered territory, the immediate target is 7638, the entry point is 4th wave around 6666-6750, for a target of 8000 in the medium term. SL 6250.

subhagghosh

#pidilite buy above 1475, SL 1357 T 1710 Risk:- 118 Rs Reward:- 235, RRR 1:2 Time Frame:- 6 months to 1 year

subhagghosh

Algo generated sell @ 2020-07-21 13:45 3304.05 Target on chart, SL 3500.

subhagghosh Updated 

Cypher pattern:- Bearish formation seen on #banknifty:- Pattern Failed Focus on PRZ - Price Reversal Zone (22,650 - 22,750):- Failed, closing above Head & Shoulder formation in progress in a 1-hour chart, any bubble break will happen below 21,000 might see a target of 18,895:- Failed, closing above 22,750. I said: "I won't change my view based on dow or...

subhagghosh

We have hope trading vs reality trading. Hope Trading:- All is well, the COVID vaccine in line and economy will bounce back. Reality:- COVID is a reality, the economy will take years to recover and Nifty P/E 29.01 on 21st July. RSI is at 52 week High We are in PRZ - Price Reversal Zone so be cautious. Wait for reversal signal on chart to short, blind short...