subhagghosh

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

subhagghosh

#banknifty view for 17th Aug'21 Do you see #banknifty weak? No, trading above SDMA (5/10/20/50/100) and all trend & momentum oscillators are in buy mode. What do I do, go long or go short? I don't see any weakness in the market until 35,531 is breached. Till that time, its buy-in dips the market for higher targets. Do I get a shorting opportunity at higher...

subhagghosh

#banknifty view for 16th Aug'21 Excellent Weekly Closing above 36,000 at 36,169.35, bulls are in full control. Do you see #banknifty weak? No, trading above SDMA (5/10/20/50/100) and all trend & momentum oscillators are in buy mode. What do I do, go long or go short? I don't see any weakness in the market until 35,531 is breached. Till that time, its buy-in...

subhagghosh Updated 

#banknifty view for 12th Aug'21 #expiry Do you see #banknifty weak? No, BN at 35,806 is trading above the majority of SDMA (10/20/50/100) and 5 SDMA is 35,903, and the majority of momentum & trend oscillators are in buy mode. What do I do, go long or go short? I don't see any weakness in the market until 34,861 is breached. Till that time, its buy-in dips the...

subhagghosh Updated 

What do I see? #banknifty high 36,317 and price is trading above all DMA (5/10/20/50/100) & important pivots (around 35,933 to 35,957). Wave 4 marked in the chart competes at 35,612 or we are in Wave 5 which has min targets of 36,414 & 36,914 on the upside, is still a question. OI data turned negative, do I short here? No, OI data keeps changing based on...

subhagghosh

#banknifty view for 10th Aug'21:- What do I see on BankNifty? 1. Flag pattern and Completion of Wave 4 2. If today's swing low is broken, then also Wave 4 can be anything 35,211 / 35,404 / 35,596. 3. If 36,109 is crossed, then upside for 36,414 / 36,664 / 36,913 gets open. 4. What If 35,612 is broken, wait for the reversal signal to go long. 5. Can I be...

subhagghosh

#banknifty view for 9th Aug to 13th Aug'21 #banknifty 35,809 weekly closing is strongest after 15th Mar'21 almost after 4 month. All Daily Moving Averages, Momentum & Trend Oscillators are in buy mode:- Period Simple MA5 35517.90 Buy MA10 35114.54 Buy MA20 35181.18 Buy MA50 35133.42 Buy MA100 34162.39 Buy MA200 32632.53 Buy The majority of pivot...

subhagghosh

Bearish Shark pattern (XD :- 0.886 to 1.13) View Negates over the grey resistance zone, price closure on hourly chart. SL is 36,450 Target son chart. Regards, Sg

subhagghosh Updated 

#banknifty view for 2nd Aug to 6th Aug'21 Deleted everything from the chart and started fresh for the new month, the view is neutral to bullish, the market in time correction/consolidation, the significant move can be seen after the range breaks. The view will be changed to bearish below 33,700 only, but don't want to miss out on the next big upmove. Moving...

subhagghosh Updated 

What do I see on #banknifty? Falling wedge breakout with a gap and pull back to the falling wedge line. The heart might say to go short, but when you open your eye and use your brain to analyze, there is clear cut long which chart is telling us. I prefer to go long until 34,350 is not broken, the buying will come above 35K, 35500 looks very much possible on the...

subhagghosh Updated 

#banknifty view for 30th July'21 What I said yesterday:="Selling pressure will intensify below 34,373 and lower targets goes till 33,823 to 33,671 Buying will only come above 34,956 and will post fresh view if the closure is above 34,956" BankNifty is still weak, there is no sign of strength till the time we trade below the gap. Short Term Analysis is still...

subhagghosh

#banknifty expiry view for 29th July'21 Selling pressure will intensify below 34,373 and lower targets goes till 33,823 to 33,671. Buying will only come above 34,956 and will post fresh view if the closure is above 34,956. Short Term Analysis is still bearish:- E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will be...

subhagghosh

Short Term View is bearish:- it's sell on rise market:- Everything is on chart including levels.

subhagghosh

Intermittent view for 27th July:- The whole day the index remained range bound and hovered around 35000 levels. If the index fails to sustains above 35k tomorrow, selling pressure might be seen which might drag the bank nifty to 34,700 to 34,350. Weekly analysis was already posted over the weekend:- The rest of the view remains the same. Regards, SG.