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Niftybank

#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
#banknifty analysis for 30th April:- #banknifty analysis for 30th April:- The fall of 7,303 points from 37,708 to 30,405 and followed by 55% or 3882 point pullback from 30,405 to 34,287, we might have some more steam left to move to 34.5-35K levels, downside till 33,200 to 32,600 is visible. Decision Zone:- 33,700 - 33,833 Resistance Zone:- 34,057 / 34,287 / 34,407 / 34,644-34,918 Support Zone :- 33,644 / 33,247 - 33,195 / 32,926 / 32,605 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
3
#banknifty analysis for 27th April:-#banknifty analysis for 27th April:- Decision Zone:- 32,250 - 32,370 Resistance Zone:- 33,151 - 33,306 Support Zone :- 31,366 - 31,565 Trend is changing & we might be heading towards 34,644 - 34,918 zone. 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
1
#banknifty analysis for 26th April:-#banknifty analysis for 26th April:- Decision Zone:- 31,366 - 31,565 Resistance Zone:- 32,325 - 32,560 Support Zone :- 30,405 - 30,555 Big panic fall is only below 30,400 & panic buy above 32,560 The short-term trend is still negative & the trend doesn't change until we get a weekly closing above 32,325 levels. How to trade? Play the range of (Resistance Zone:- 32,325 - 32,560) to (Support Zone :- 30,405 - 30,555), anyside breakout, go either long or short for min 1000 points directional move. 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
#banknifty analysis for 23rd April:-#banknifty analysis for 23rd April:- Decision Zone:- 31,405 - 31,555 Resistance Zone:- 31,914 / 32,325 - 32,560 Support:- 31,138 / 30,710 / 30,450 Big panic fall is only below 30,400. The short-term trend is still negative & the trend doesn't change until we get a weekly closing above 32,325 levels. 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
3