subhagghosh

subhagghosh

Sentiment Bullish above 20,317 Upside Target :- 24,381 SL :- 19,455 Day Low 19,580 (50% of the uptrend is 19,558), Correction Completed. The pattern fails below 19,455. #banknifty #niftybank

subhagghosh

#Banknifty @21,187 seems to be in 5th wave of the current upmove. The target of wave 5 is a min of 61.8% to 123.6% of Wave 1 ( 17,313 to 19,450: 2,137 Point). Today's high is 21,805 which is 69.3% of wave 1, so we rally don't know wave 5 of the up-move is completed or not, which we will come to know in a few days. If the current upmove continues the target on...

subhagghosh

A rally of 4514 or 26% point from 17105 to 21619 was covered in 50 bars (12 Days). The short term high of 21,619 has been made what it seems. Use a bounce to short and the downsize target is 18,830 by 10th June. Note:- Analysis fails if BN crosses 21,619. The original target of 23,300 still holds but retracement first then the next move. #banknifty...

subhagghosh

21,244 is the SL for intraday shorts, if BN stays above get into long with SL of 20,800 T 21,600 -21,900. If 20,600 is broken, short with SL of 20,850, T 20,320/20,200 & 19,800. The reversal of the bull phase is below 19,801. The market has to consolidate before moving up, if consolidation doesn't happen we might go for a sharp cut. Till now I am long on the...

subhagghosh

If I see the chart correctly, there is a breakout of breakout that happened around 19450 levels. 17105 to 20122 recovery took 63 bars on 30 min chart and time of almost 10 days. Before moving to the next level, at least price or time correction is required. Price Correction:- Might be till 19,000 to 19,350 levels along with time correction of 1/3 of 10 days,...

subhagghosh

SL for all long is 18,732 for intraday and weekly positional long is 18,400. Trendline breakout trade is above 19,455, don't be short. You have the support & resistance zone defined in the chart. Decision Range is 19,105-19,357, above +ve and below -ve.

subhagghosh

If I totally go up price action on Bank Nifty, there are two b2b breakout levels crossed and held (18,200 & 19,000). As per the current breakout, the target on the upside is 20,785 to 20,820. One thing that is worried, BN moved 8% yesterday on account of some 1.5 L package to Banking Sector rumors. If the pattern has to fail, the first signal will be BN...

subhagghosh

The #BANKNIFTY is in a downtrend. SL for all intraday shorts:- 18,200 and Postional shorts 19,000. RSI zone 45-55 is a trade avoidance zone. No comfortable is taking neither aggressive short nor long trade at this level. Due to super cyclone over the Bay of Bengal, I was cut out for the last 4 days and wasn't able to post analysis.

subhagghosh

levels are on the chart

subhagghosh Updated 

Upside target (22300-22500) posted last week is still valid, being monthly expiry the don't see any major correction today. Yello zone is no trading zone, above is long and below is short. Trade with light quality and look out for 22,000 CE unwinding if happens, enter next series 22500 CE and exit around 22300-22500 BN range. Shorting only below day low gets violated.

subhagghosh Updated 

Two targets flagged on the chart, one upside, and one downside. The yellow zone is no trade, above +ve and below -ve.

subhagghosh

Everything on the chart including ghost feeds. Ping me if you want to know more details.

subhagghosh

The trend is down and BN has entered the original flag pattern. The downside min target is 18750.

subhagghosh

Bank Nifty has broken the support region and trying to enter the flag pattern, above which we have seen the breakout couple of days back. If it enters the flag pattern, again consolidation will be in progress with negative bias. I am expecting the flag pattern to break in the lower side in weeks to come.

subhagghosh Updated 

Weekly closing below 8095, triggered shorts. Targets are on chart.

subhagghosh

12:30 PM IST:- Be long with day LOW AS SL.

subhagghosh

Levels on chart:- We are in bullish territory.

subhagghosh

Updated levels and pivots.