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Niftybank

BANKNIFTY FUTURE OUTLOOKWell as we can see in the chart banknifty has created an uptrend channel in the smaller timeframe. Banknifty recently went past its major 34300 resistance and broke its major 1D trendline. After that we've seen it in a slow but trending uptrend. According to my count banknifty still has space until 36100-200 (minor 5th and major 3rd) assuming there are no extensions. One can take advantage of this for intraday trading. For positional long set-ups wait for banknifty to complete its major 4th wave around 35000 (0.382 fib) or 34700 (0.5 fib). From there I see banknifty somewhere around 36900-37000 (.618 fib of inverse wave 3 and 4) to complete it 5th Major wave of the smaller time frame.
NSE:BANKNIFTY
by Sahursh25
#banknifty analysis for 4th June'2021 #banknifty analysis for 4th June'2021 Decision Line:- 35,524 - 35,595 Resistance:- 35,960 / 36,326 Support Zone :- 35,370 / 35,142 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:BANKNIFTYLong
by subhagghosh
3
#banknifty analysis for 24th May'2021 #banknifty analysis for 24th May'2021 AB = CD pattern observed, Wave 3, Harmonic all are giving a target of 35,200 +- 200 range, which might be a potential reversal point, before any next significant move. Decision Line:- 34,598 Resistance:- 34,867 / 35,071 - 35,271 / 35,852 Support Zone :- 34,287 / 34,048 , 33,752 Ref:- 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
by subhagghosh
14
#banknifty analysis for 19th May'2021#banknifty analysis for 19th May'2021 Decision Line:- 33,918 (Above positive & below negative) Resistance:- 34,245 / 34,509 / 34,772 Support Zone :- 33,664 / 33,368 / 33,129 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:BANKNIFTYShort
by subhagghosh
3
#banknifty analysis for 18th May'2021 #banknifty analysis for 18th May'2021 Decision Zone: 33,046 - 33,200 (Above positive & below negative) Resistance:- 33,880 / 34,000 / 34,442 Support Zone :- 32,910 / 32,804 / 32,680 Too quick rally to sustain, longs be aware. 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 Ref:-
NSE:BANKNIFTY
by subhagghosh
#banknifty analysis for 12th May'2021 #Expiry#banknifty analysis for 12th May'2021 #Expiry The regression line shows we are moving up only, on a daily time frame we are neutral. This indicates, either we will consolidate or move up. I don't see weakness until we close below 32,500. Decision Zone:- 32,875 (Above positive & below negative) Resistance:- 33,150 / 33,297 / (33,320 - 33,455 ) Support Zone :- 32,733 / (32,455 - 32,611) SL for positional long, closing below (32,455 - 32,611) 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:BANKNIFTYLong
by subhagghosh
HDFC Bank - Bullish Trend (Intraday - 19/4)Positive Side: 1. Formation of two bullish pattern - Cup & Handle Pattern, Flag Pattern. Indicating uptrend after the breakout (1432). Most probably, if we have a good early start and it can break 1449 and it will tend to reach the Target 1 (1460). So, ignore trading in this spot, if we have such situation. 2. Once the target 1 is achieved, it can form a V pattern. Which is again indicating a upward trend. Which is where the majority of profit booking is possible. Target 2 (1495). 3. If we still have a bullish run, it can move even further. But the volume profile, doesn't seems to be supporting it on Monday. 4. Moving Average 20 & 50 for the 1hr chart is about to collide, which tends to move the stock upward. 5. Can trade between 1450 and 1490, the region where we can see big candle in the volume profile. 6. HDFC Bank Q4 results: Net profit rises 18% to ₹8,186 cr 7. Bank Nifty is on the top edge side of a trendline 8. Perfectly matching with the Fibonacci Retraction. Negative Side 1. If the market falls just like it did for the last two monday, we can expect the downfall for hdfc bank as well. So recommended to keep the stoploss at 1415.
NSE:HDFCBANKLong
by VigneshRaja-UthayaKumar
#banknifty analysis for 7th May:-#banknifty analysis for 7th May:- The market is moving in a tight range for the last two days, we might start a decisive move from here. We have two scenarios here, an inverted flag pattern showing downside till 31,500 and EW analysis showing an upside target of approx 35,000. So the best wave to trade is to take trade in the direction of the breakout. Decision Zone:- 32,730 - 32,895 Resistance Zone:- 33,247 / 33,456 / 33,644 / 33,957 Support Zone :- 32,604 / 32,346 / 32,147 / 31,888 SL for positional long 31,565 Supporting view:- 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
by subhagghosh
2