subhagghosh

subhagghosh

#banknifty already completed our short-term targets on the upside. No point in being aggressive long from here, rising wedge is a sign of alert for bulls. Regards, SG

subhagghosh Updated 

#banknifty delta view for 15th Sep'21:- 36,500 is the pivotal point on the index. I tried to find out bearishness in the Index, apologies couldn't find out anything. Price is clearing saying, it's up and 37,587 is a very much under the radar Weekly View, which I posted earlier. Regards, SG

subhagghosh

#BANKNIFTY Short Term Positional View 13-17th Sep BankNifty is closing at 36,683, this is the first time in the last 18 months we have back-to-back two weekly closings above 36,000. This week was more of consolidation after breakout due to a truncated week with low volume. Last two weeks closing:- As per the data points, 36,000 areas will continue to be a...

subhagghosh

#banknifty view for 6th to 11th Sep'21:- BN at 36,761 is trading above all the DMA (5/10/20/50/100), all trend & momentum oscillators are in buy mode, all major pivots, and weekly closing at the highest point in the last 6 months. Weekly high :- 37,140 & Low:- 35,721 No sign of any weakness in the market, the potential target on the upside is 37,250 / 37,550 ...

subhagghosh Updated 

#banknifty analysis for 3rd Sep:- Yesterday's sell-off was not followed up by another sell-off and dips were bought in, due to extreme bullishness the correction got over with a 500 point fall and the setup is perfect to breach ATH by next week. SL for positional long :- 36,200 Target is ATF+500 min ( 38,000 to 38,200). People did question last night's bearish...

subhagghosh

#banknifty view for 2nd Sep'21 #expiry The first word that comes to my mouth is the FOMO effect followed by perfect hammering. Bearish PIN Bar on the daily chart and can be the nail in the coffin for the bulls. Check 19th Feb'21 daily chart and followed up selling, pls check on the chart. If I am right, ABC correction in progress, downside targets 100%, 138% &...

subhagghosh

#banknifty view for 1st Sep'21 Elliott Wave expanding triangle:- The pattern emerges normally between one rising and one falling diverging line. In this situation, it is a continuation pattern and is merely an inverted standard triangle. Wave 5 ( 100% is 36,452 / 127.2 % is 36,749 / 138.2% is 36,869 / 150% is 36,998 / 168% is 37,127) Reserved area can be ABCD...

subhagghosh

#banknifty view for 31th Aug'21 All of a sudden everything looks rosy, all DMA & all indicators are in buy mode & higher time frame breakout!!! PCR is 1.34 for bank nifty, still, it can go to 1.5 to 1.6. Wave 5 ( 100% is 36,452 / 127.2 % is 36,749 / 138.2% is 36,869 / 150% is 36,998 / 168% is 37,127) Reserved area can be ABCD pattern which comes around 36,749...

subhagghosh

#NIFTY positional view:- NIFTY is in an uptrend and price is moving in an uptrend channel, we are trading at the higher side of the channel & we have to be cautious. Wait for the price to come down to a lower level of channel for fresh entry, don't get trapped in the FOMO effect at upside breakout. The trend is up, buy in dips should be the strategy. Regards, SG

subhagghosh Updated 

#banknifty view for 30th Aug'21 Simple analysis, flag pattern, breakout already competed on Friday, followed by a pullback, which I posted on Twitter during market hours. The logical target comes out to be near 36,000 areas, this area is deep congestion of resistance, in terms of Fibonacci, EW, price action & harmonic. A fresh set of buying can only be...

subhagghosh

#BANKNIFTY Short Term Positional View on Hourly Time Frame:- The logical target comes to be around 36,300 to 36,450 as of now and the rest price action will be visible once the price starts moving. We need to remain cautious at higher levels. Any query, post it on the comment. Regards, SG.

subhagghosh

#banknifty analysis for 27th Aug'21 I am not posting any writeup, try to start reading what I posted on the chart. If you don't understand, ask me questions, make this a learning place instead of spoon feed. Regards, SG.

subhagghosh

#banknifty analysis for 26th Aug'21 #expiry Levels & analysis on the chart itself, If you have any specific questions, pls post a query on chat. Monthly expiry, focus on FNO data on tomorrow's expiry day trading. DZ:- 35,040 Regards, SG.

subhagghosh

#banknifty analysis for 25th Aug'21 The #banknifty broke the falling trend line around 35,250 was whole day was upmove, I except consolidation for next day then we can see again an upmove till 36,120. BTW, I missed wave 3 of the move completely today. Regards, Subhag.

subhagghosh

#banknifty view for 24th Aug'21 The moving average are giving sell signals ( DMA 5/10/20/50 - 35,534 / 35,765 / 35,439 / 35,230), support 100 DMA 34,320. Today Last week's swing low of 34,930 was broken on an intraday basis, which is not a good sign. The majority of pivots are placed at 35,090. DZ:- 35,090 (intraday) & 35,427 - 35,531 (positional) Sum up,...

subhagghosh

#banknifty view for 20th Aug'21:- Additional Views We are in ABC correction:-Wave C is mostly sharper and faster in Flat Correction. Wave “C” generally extends 123-138% of wave A but sometimes it is so drastic that it can extend 200%-261% of “A”. The potential reversal levels are marked on the chart, in case of the gap is down don't try to short, wait for...

subhagghosh

#banknifty view for 20th Aug'21 first & foremost, this is a normal correction and need not be panicked Do you see #banknifty weak? Banknifty continues to trade above 20 & 50 DMA ( 35,417 & 35,226) and as long as these levels hold, there shouldn't be any panic button. If we consider the upmove which has started on 28th July from 34,115, and if we consider we...

subhagghosh

#banknifty analysis for 18th Aug'21 #expiry Everything is well articulated on the chart, any questions or queries, post them, I will reply. Regards, SG