BANK
BANK NIFTY CLIMAX AHEADWAVE c5 of ''C'' is forming an expanding triangle pattern in BANK NIFTY. Before Supreme court verdict, all bank stocks are moving north BUT
the fadded momentum,Divergent MACD warns something is wrong in BANK NIFTY.
May be by tommorrow, with a gap up opening all bulls will be trapped . 30870 (C=1.618*A) should be breached for further upside, BUT the other Broader index(NIFTY) is already exhuasted . , The terminal 5 th wave will give more TIME for BEARS to open more short positions,WHY not we think for PUTS?
Bank Nifty Levels for 8th December 2020Levels are marked and the boxes are significant turning points for Bank Nifty. Price may stall or struggle at the boxes. Lines above the price act as significant resistances and below the price act as supports.
BAC run-up till ER NYSE:BAC
With vaccine news, banks are expected to have less money put aside to cover default-risk-related assets, that is the recent run up.
Also the fed Rate has "quietly" go up and US 10Y also run up which cause this bank bull run.
so Bull side: more vaccine/news rally this can go to test 30.4 level , which could be a strong resistance.
Bear side: considering 2H,4H MACD strength as declined although price has pushed higher, this indicate upside strength losing.
Overall : current price indicate bull side, unless 27.8 area breaks ( we also have 20MA below) we can hold and using covered calls at 31 level to lower position cost.
Patience is the key.
Bank Nifty View for 4th DECLet it break the range of 15mins. And support resistance placed as you can see.
Trade Set up if the current 15 min candle closes above 29746-6 then you can short all puts below 29700 .
DBS on a sunny island... setting into the seaDBS, a big component of the STI (Straits Times Index) finds itself on an island (yellow circle)
This is precarious... a drop below the current support will result in a decent retracement.
MACD and Relative Price Strength already turned down... so it is held up with very little.
Be aware, beware!
BankNifty Analysis for 30 Nov 20The market is moving into a consolidation range after a trend
Inside a larger channel, a minor triangle pattern is formed
If on Monday market opens
Gap up there will be a possible retest and break out upside
near prev the last close there can still be a ranging market continuing
Gap down there can be a good down move near to support zone
Bank Nifty View for 27-11-20I have a Bearish view. It came back inside it's channel, Levels you can spot on chart. But it is near swap zone. If it crosses 29850 let it make price action It's gonna come down.
And if it crosses 29450 level you can short BN. Wait for first 15mins candle close. Stoch RSI looks negative too. ✌️
Bank Nifty view for 26-11-20Bank Nifty couldn't engulf below trendline (Just fake out). Tomorrow if it breaks the channel in first 15mins and crosses 28950, You can short BN. (Support levels at 28700 & 28600).
Watch out it can just break and can take support at 200EMA too. For long position, Let it cross 29300. (Resistance levels at 29450 & 29650). Market can be volatile, Be careful with position sizing and risk to reward. ✌️
Bank Nifty live 25-11-20Bank Nifty engulfed & retested it's resistance. Target i assume will be 29200 positional.
Bank Nifty Live 25-11-20Channel breakout then bearish pennant breakout morning Gap filled. ✌️ R:R of 3:9 🔥
Bank Nifty View for 25-11-20There are three probabilities. I feel it'll move mostly either flat or in upward direction. 30,000 will be a crucial level. Be careful with your position sizing and R:R.
Bank Nifty view for 24-11-10I have a Bullish view on Bank Nifty.
It is at support, And we can see pinbar rejection from both Bullish channel and support.
It should break levels of 29850 for downward movement. It will move towards North when it crosses 29100, Hope it opens Flat. If opens with big Gap up let it make price action then plan. (REFER MY VERY NEXT POST 1D FRAME).
BANK NIFTY VIEW FOR 22-11-20I have a bearish or sideways view on Bank nifty tomorrow. Support placed at 29050 let it break. Resistance placed at 29250.
If opens flat it can take support in first 15 minutes then move towards north ☝️.
Since it is on upper band of Bollinger bands and has to come till the middle line of Bollinger bands.
Better to half your quantity it may consolidate too 👀
NIFTY ,FIRST TRY AT THE ELLIOT WAVE THEORYNIFTY LOOKS ALL SETUP FOR THE CORRECTION, I MIGHT BE WRONG ,WE HAVE STOPS TO PROTECT US
GBPUSD IDEAS (SHORT)Whats up guys, back with another idea babyyyy, been dealing with some stuff is why im absent yet again. Life has been crazy but thats what makes us wiser, but lets hop right into this one:
So as we can see, GBP has taken an extended drop and we can clearly see this from the hourly chart. Price wasnt being decisive about dropping until the very end of the trading morning. This being said, we see the price is below the 2 EMA's i have marked on the chart.
It would make sense for us to have short targets rather than long, until we have a solid accumulation zone at a lower support. But until that support is found, we can continue to search for shorts along the wave of this move. I havent been giving my all to my trades and from this point on im going to be spot on because i wat to grow with you guys as better traders. So im going to be doing my best to pump out these ideas as well as start a telegram where traders can share ideas and just collaborate. That way we have an environment full of traders learning and carving their way along this path.
Stay tuned for my next ideas, we going stupid precision fam.
TRADE SMART AND TRADE ACCURATE GUYS SEE YOU SOON!!
