#banknifty:- Decision Line:- 24,775 above long & below short. UpsideTgt 25,130 / 25,280 / 25,440 and 25,600 Lower Tgt 24,555 / 24,375 / 24,195 and 23,950 Keep 100 to 120 points as SL. Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
#banknifty:- Decision Line:- 23,964 above long & below short. The move from 20,405 to 24,819 is complete an ABC correction is in progress, which gives a logical target of C at 23,150- approx. The structure completes above 24,386 and the new up-move starts from there. Price has stayed above the blue trend line 99% of the time during the last 4 weeks and it has...
#banknifty:- Decision Line:- 24,080 above long & below short. Price has stayed above the trend line 99% of the time during the last 4 weeks. The high probability the trend line will be respected and the price will move up, in case the line is violated, pls don't hesitate to short. Buy Above 24200 for a target of 24350/24450/24600 SL 23,080 Sell below 23900...
#banknifty :- SHIP formation, if sinks will 23,328 on card. Decision Line:- 24,175 above long & below short ( keep 100-120 point SL on DP for trading) Price has stayed above the trend line 99% of the time during the last 2 weeks. If this breaks, the people who are long on the index for the last 2 weeks will be under pressure and monthly expiry on a card can be...
#banknifty Decision Line:- 24,582 above long & below short. Upside target of 25,000 / 25,232 /25,496 remains valid till 24,380 holds. What I said yesterday: "Monday's correction was normal and don't see a change in trend and won't hesitate to go long.", how valuable those words are you all understood it today. Where to short, if the wedge structure breaks,...
#banknifty Decision Zone:- 23,962 - 24,077 above long & below short. The next round of selling is below 23,867, correction possibility:- 23,676 / 23,365 and trend will change only below 22,970. Monday's correction was normal and don't see a change in trend and won't hesitate to go long. Resistance Zone:- 24,250 - 24,380, once crossed we will be back to...
#banknifty 24,364 ( 50% of 32,613 to 16,116) holds u see 26,311 ( 61.8%). SL for all positional long is 24,020. Decision Line:- 24,500 Two strategy to trade:- 1. Range Trading :- 24,250 to 24,750 2. Range breakout trading:- Buy Above 24764 Tgt 24850,24990 and 25040 (Bank Nifty Spot Levels) Sell Below 24250 Tgt 24050,23,900 and 23677 (Bank Nifty Spot...
#banknifty keeping the analysis simple. Decision line:- 24,450 above long & below short. Will prefer to go long above the red resistance line (24,823) As per wave structure, the minor impulse wave is done & we see a corrective wave in progress. Yesterday's Posted:- Sell Below 24600 T 24384,24250 and 24125 (two targets got achieved) My indicators are also in...
#banknifty keeping the analysis simple. Decision line:- 24,596 above long & below short. Will prefer to go long above the red resistance line ( above 25k only) As per wave structure, the minor impulse wave is done today & we see a corrective wave. Buy Above 24600 T 24820,24050 and 25,180 Sell Below 24600 T 24384,24250 and 24125 Will avoid aggressive long, as...
#banknifty keeping the analysis simple. Decision line:- 24,246 above long & below short. Will prefer to go long above the red resistance line ( 24,650 - 24,700 zone). In spite of closing two days above 24K and making HH & HL, the momentum is missing. I said yesterday:- "Concern:- I am a bit worried, as to how the BN behaved after the 24,200 level breakout,...
#banknifty 23,266 (SPOT) The decision line is 23,199, below negative & above positive. Concern:- I am a bit worried, as to how the BN behaved after the 24,200 level breakout, there was hardly any upside momentum and the ADX indicator is showing no trend strength. Avoid aggressive long or short now on the index. Always trade what you see, never trade what you...
#banknifty 23,528 The price has pulled backed to the uptrend channel what is running from 16th June, which is a bullish symbol and we are trading at the lower end of the channel. We see triangle formation on the chart denoted by amber dashed lines, any significant movement will be seen outside this zone. The decision zone is 23,436 - 23,580, below negative &...
Intermediate Trend is UP and currently wave 5 in progress (Target 28,215) The minor trend is UP & currently an ABC correction (Target 21,850) Structure Damages below 20,405 #banknifty #trading #trade #tradesetups Explanation:- We are in an uptrend and the largest wave 3 got completed from 17,105 to 25,232 and now the correction is in progress, AB leg is done...
Intermediate Trend is UP and currently wave 5 in progress (Target 28,215) The minor trend is UP & currently an ABC correction (Target 21,850) Structure Damages below 20,405 #banknifty #trading #trade #tradesetups Explanation:- We are in an uptrend and the largest wave 3 got completed from 17,105 to 25,232 and now the correction is in progress, AB leg is done...
#banknifty analysis for 16th Oct'2020. Structural breakdown on the chart. The decision Line is 23,388 (above long and below short). Levels are on the chart. Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
#banknifty analysis for 15th Oct'2020. Today's movement made it clear, the uptrend that started from 20,405 has still some steam left. If the last two days correction is taken into account the wave 4 ( pullback) is completed at 23,149 and wave 5 is in progress which gives us three targets 24,833 / 25,231 / 25,476. The wave structure will damage below 23150 and...
#banknifty analysis for 14th Oct'2020. Algo Generated buys on 28th Sep'2020 at 21,156.30 has generated a sell signal today on 13th Oct'20 at 23,544.50, covering 2388.20 points. I would prefer to avoid long until we cross 24,200 and SL for all long is 23,300. SL for short is 24,200 and targets :- 23,085 / 22,760 / 22,350 / 21,920 / 21,298. Always trade what...
#banknifty no sign of trend reversal, still in a very strong uptrend. Decision Zone Upside Targets 24,190 / 24,433 / 24,692 Downside Targets 23,555 / 23,446 / 23,100 I will be cautious with my long, will prefer low volume long now, and will only short if the price falls apart from the channel. Always trade what you see, never trade what you feel. Make this...