subhagghosh

subhagghosh

No change in view, the view remains intact:- Use pullback for long. Pullback & Reversal should not get confused. View negates only below 35,865 closings. Regards, SG

subhagghosh

#banknifty is heading towards the next 39,000 next week, till today's holds true. Corrections are normal, you shouldn't get panicked by this. Trade what you see not what you feel, enjoy trading. Regards, Subhag.

subhagghosh

#ElliotWave & #Harmonic punched analysis:- Market might not come down and will continue to go up & up till 40K #banknifty #Niftybank Everyone is waiting for fall, including myself but the market is in no mood to give anyone a chance. Regards, SG

subhagghosh

🔸 Inverted Hammer in 1 HR TF in uptrend. 🔸 Evening start formation on 15 min TF 🔸 If we assume we are in ABC correction, Wave C can extend to 1.618 - 2.618 of WAVE A:- 36.451 & 35,647 🔸 The invalidation of Zig-Zag Correction will be over above 37,752 🔸 Better to avoid random longs, one is above 38K or once the WAVE C is completed. Always trade what you see,...

subhagghosh

#banknifty view till budget #2022. 7802, 18.65 % correction is a very healthy correction. Harmonic Bearish Shart Pattern is getting formed, which gives an upside target of 41k by Feb end or Mar'22. Don't get panic, use this fall as buying opportunity. Regards, SG

subhagghosh

#banknifty analysis for 23rd Dec: #expiry Don't short until invalidation line is not violated. If we consider this as ABC correction and nature of correction is yet not visible. The target of Wave C are on chart. Regards, SG

subhagghosh

#banknfity intraday view for 20th Dec'21:- #inverted scale:- The scale is inverted to give a better viewpoint, don't get confused with the daily time frame analysis which I posted before. Both of different wrt time. The market is hugely oversold and bounces till 36,400 is on cards, which might be an area to initiate fresh short on the positional basis with SL...

subhagghosh

#elliottwave analysis on #banknifty @ 35,618.65 on daily time frame. Period DMA MA50 38165.54 Sell MA100 37252.45 Sell MA200 35734.42 Sell Pivot:- 36,697 FNO analysis:- Highest CE writers @ 36,000 and put writers are seating at 36,000 35,500 & 35,000 Aggressive call writing at 36k levels. PCR 0.4775 and max pain at 36,000 levels. Technicals:-...

subhagghosh Updated 

Generally, I dont use harmonic on index, but this seems to be good setup. DP :- 36,865 (above +ve and below -ve) E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will be short else you won't. John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as...

subhagghosh

What do I see on Nifty? The correction in the index seems to be over for a time being, the current upside ( Wave 1) can go till 17,650, which is followed by a pullback close to 17,200 to 17,250 region. That's where we can go break long and the target will be given once the WAVE 1 & 2 gets completed. The next sell-off / pullback on the index is the opportunity...

subhagghosh

# 100%-161% projection for wave (Y or 3) is placed at 36704-34600 which is the normal expected target range for completion of wave (Y or 3), BankNifty achieved 35327 till now. #23%-38% retracement of progress of wave (Y or 3) is placed at 36455-37152 which is a short term resistance range and 37152 is short term upside breakeven point. BankNifty is in the...

subhagghosh Updated 

Banknifty failed to hold the breakout & the sell-off came from 23.6% of the pullback, which is extremely bearish and we see the triple top in the hourly chart. Immediately until 36,850 is not taken out, we might retest the recent low and go down further. Where? 34,650, if it doesn't hold more pain ahead. If 36,850 is crossed, then go long else remain...

subhagghosh

I have posted, how the market behaved today.z The setup was explianed on the weekly short term positional view:-

subhagghosh

Breakout after a long consolidation, hope to see Vodafone Idea back to old days of glory. Regards, SG.

subhagghosh

#BANKNIFTY Short Term Positional View:- Price inside the falling channel, XYZ correction the min 100% is completed and any further downside can slide towards 36,181 / 35,464 / 34,654 What did I see? 1. Long above 37,465 and add more above 37,900, SL 37,050 2. Sell below 36,613 and add more below 38,181, SL 37,050 Any breach of 36,613 will result in panic...

subhagghosh

Everything is on the chart. ABC correction is in progress, the min C is done but it can extend further to 168% of wave A. Always trade what you see, not what you feel. Regards, SG

subhagghosh

There is two big news out in the market in between long weekend:- 1. Farm laws: India PM Narendra Modi repeals controversial reforms 2. Reliance, Saudi Aramco call off proposed investment deal #Banknifty has corrected 4081 points in the last 4 weeks, which proves the market knows everything in advance. Any panic on Monday must be bought in, bad news out of the...

subhagghosh Updated 

#BANKNIFTY Short Term Positional View for the week ending 19th Nov For the first time in 3 weeks, BN has closed on the falling trend line (marked in red circle). BN has to sustain above this trend line to start afresh trend and projected movement along with the levels are marked on the chart. The correction from 41,829 to 38,346 seems to be a flat 3-3-5...