#banknifty analysis for 15th Mar#banknifty analysis for 15th Mar
Currently, the range is 35,090 to 36,041 and the new move will be only outside this range.
Decision Zone:- 35,572 - 35,617, above positive & below negative
Support:- 35,450 / 35,188 / 35,040 / 34,800
Resistance:- 35,825 / 36,040 / 36,190 / 36,463
It's a flag formation on an hourly time frame, probability is for the higher breakout.
How to Trade? Play the range of 35100 to 36100 and initiate breakout trade, if range breaks.
Below 35K, you might see pain till 33.5K and above 36K we are back on track to breach ATH.
My basic analysis remains the same:-
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will 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 market conditions evolve.
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.
Ref:- Elliot Wave 1 H TF analysis:-
Regards,
SG
Niftybank
Bank Nifty (Possible) trend direction for 10.03.2021Bank Nifty is moving in a range from 26th Feb21, even after a gap up opening today the trend was volatile, tomorrow will be interesting day to watch, on upside 36370 as well as 36554, while on down side 35337 and 35105.
This view is strictly only for educational purpose and not a trading recommendation, please do not take trade based on our observations.
Before taking any trade kindly consult your financial advisor.
#banknifty analysis for 10th Mar: #expiry#banknifty analysis for 10th Mar: #expiry
8021 point up-move is followed by correction of 3050 points (around 38.2%) and now we are consolidating for 2 weeks.
Currently, the range is 35,100 to 36,100 and the new move will be only outside this range.
Decision Zone:- 35545, above positive & below negative
How to Trade? Play the range of 35100 to 36100 and initiate breakout trade, if range breaks.
Below 35K, you might see pain till 33.5K and above 36K we are back on track to breach ATH.
My basic analysis remains the same:-
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will 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 market conditions evolve.
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.
Ref:- Elliot Wave 1 H TF analysis:-
Regards,
SG
BN Expiry Expected MoveBN Can move as support or resistance shows in chart. please don't consider this is buy or sell call. it's just my view only.
IF BN gap down then may try to test 35500 Support level and if Gap up then may test today's high and move down.
don't blindly take trade. market is very volatile so book your profit time to time.
#banknifty analysis for 9th Mar#banknifty analysis for 9th Mar
8021 point up-move is followed by correction of 3050 points (around 38.2%) and now we are consolidating for 2 weeks. Currently, the range is 35000 to 35800 and new move will be only outside this range.
Expiry on Wednesday and good OI on 35k PE, which suggests 35K going to be supported till expiry.
Decision Zone:- 35090, above positive & below negative
How to Trade? Play the range of 35100 to 35800 and initiate breakout trade, if range breaks.
Note:- H&S pattern is detected on the chart, will be activated below 35,644.
My basic analysis remains the same:-
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will 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 market conditions evolve.
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.
Ref:- Elliot Wave 1 H TF analysis:-
Regards,
SG
#banknifty analysis for 8th Mar (Monday)#banknifty analysis for 8th Mar (Monday)
We are forming constantly Lower High, which is an exhaustion sign until 36455 is not crossed, avoid long.
A rising Wedge is not a good sign and the wedge is broken on the lower side. Island candles are getting formed which doesn't give a good signal and a minimum target of 33,900 is what I see on the chart.
Decision Line:- 35,710
Upper Targets:- 36,019 / 36,342 / 36,664
Lower Targets: 34,410 / 35,159 / 34,800 / 34,466
My basic analysis remains the same:-
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will 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 market conditions evolve.
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.
Ref:- Elliot Wave 1 H TF analysis:-
Regards,
SG
#banknifty analysis for 5th Mar#banknifty analysis for 5th Mar
We are forming constantly Lower High, which is an exhaustion sign until 36455 is not crossed, avoid long.
Rising Wedge is not a good sign, if the index trades below 35,650 you might see 33,600 levels.
Decision Line:- 35,650
Upper Targets:- 36,019 / 36,342 / 36,664
Lower Targets: 35,159 / 34,800 / 34,466
My basic analysis remains the same:-
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will 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 market conditions evolve.
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.
Ref:- Elliot Wave 1 H TF analysis:-
Regards,
SG
#banknifty analysis for 4th Mar - #expiry Special#banknifty analysis for 4th Mar - #expiry Special
Decision Zone:- 36,063 - 36,263
Upper Targets:- 36,434 / 36,643 / 36,910 / 37,056
Lower Targets: 35,959 / 35,823 / 35,665 / 35,378
My basic analysis remains the same:-
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will 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 market conditions evolve.
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.
Ref:- Elliot Wave 1 H TF analysis:-
Regards,
SG
BANKNIFTY "SELL" TARGET - "34000" till 26 FEB 2021"DONT BUY BANKNIFTY TILL 26 FEB 2021"
BANKNIFTY CAN GO TO "34000".
IF YOU SEE TODAY 24 FEB 2021 YOU THINK IT WILL GO HIGHER(LONG) BUT ITS NOT.
IT WILL GO DOWN 34000 TILL FRIDAY 26 FEB 2021.
REASONS ACCORDING TO ME-
1) TRADE SETUP OR SUPPORT AND RESISTANCE SETUP IS IN FAVOUR OF "SELL SIDE" RESISTANCE SETUP IS STRONGER THAN SUPPORT SETUP.
2)VOLUME OF SELLING SIDE IS STRONGER THAN BUYING SIDE OF BANKNIFTY. YES INDEX DOESN'T HAVE VOLUME BUT INDEX STOCKS HAVE. IF YOU SEE BANKNIFTY INDEGRIDIENTS OF STOCKS YOU SEE THAT SELLING VOLUME IS MUCH POWERFUL THAN BUYING VOLUME. SO " "SELLING POWER CAN TAKE OVER THE PRICE AND BREAK IT DOWN TO 34000 TILL 26 FEB 2021.
3)IF YOU BUY BANKNIFTY I THINK YOU ARE BUYING LOSS.
THANKS.LETS SEE .MEET YOU ALL ON FRIDAY.
#banknifty analysis for 1st Mar#banknifty analysis for 1st Mar
Decision Zone:- 35,232
Upper Targets:- 35,620 / 35,863 / 36,020 / 36,342 / 36,500
Lower Targets: 34,650 / 34,300 / 33,911 / 33,700
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will 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 market conditions evolve.
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.
Regards,
SG
#banknifty analysis for 26th Feb #banknifty analysis for 26th Feb
Decision Zone:- 36,840
Upper Targets:- 37,124 / 37,568 / 37,708 / 38,452
Lower Targets: 35,342 / 36,020 / 35,863 / 35,620 / 35,292
The rising flag is not a good pattern and has a high probability of a downside move.
36K is now the pivotal point for positional trade, below 36K be positionally long and below positional short.
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will 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 market conditions evolve.
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.
Regards,
SG
"NSE:BANKNIFTY" - "SELL" signal 15 min (Solved Signal 1)-SELL signal generated by "Solved Signal 1(SS1)" in 15 min Chart of "NSE:BANKNIFTY" Index
- "NSE:BANKNIFTY" 15 min chart
- Indicator used "Solved Signal 1(SS1)"
-Solved Signal 1 generates SELL signal(by default: text:- SS1, color= red,shape=triangledown)
on 15 min chart of "NSE:BANKNIFTY" .It means "NSE:BANKNIFTY" can go down.
-Solved Signal 1 uses "NSE:BANKNIFTY" Price data for Solving the Market(See description of Indicator).
-Like and Comment.
-Thankyou
NSE:BANKNIFTY NSE:NIFTY BSE:SENSEX