Niftybank
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
#banknifty analysis for 23rd Feb #banknifty analysis for 23rd Feb
Decision Zone:- 35,090 - 35,240
Upper Targets:- 35,500 / 35,600 / 35,800
Lower Targets: 34,850 / 34,750 /34,500
Max's downside is not more than 34,500 is what I see.
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 22nd Feb #banknifty analysis for 22nd Feb
Six days of consolidation, followed by one & half days of breakout and then four & half days of pullback consolidated support levels, that what I see.
35,400 - 35,600 is a very strong support belt, if holds we again move towards 37,000 to 37,900.
If the support breaks, 34,000 is on cards.
M patterns on harmonic are basically bullish patterns, which gives a higher probability of to price going up.
Decision Zone:- 35,916 - 36,125
Upper Targets:- 36,455 / 36,724 / 36,994 / 37,377
Lower Targets: 35,584 / 35,065 / 34,807 / 34,644 / 34,484
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 17th Feb #banknifty analysis for 17th Feb
BN gave breakout on Monday after 6 days of consolidation and today's was a pullback after a breakout. We need to go long on this index, pullback can be today's low or might be a bit more correction till 36,132 levels for a final target of 38.5K on the upside.
Decision Zone:- 37,124 - 37,235
Upper Targets:- 37,347 / 37,506 / 37,708 / 37,966 / 38,100 / 38,219 / 38,535
Lower Targets: 36,986 / 36,735 36,477 / 36,132
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 15th Feb#banknifty analysis for 15th Feb
Looks like 36,500 is tough resistance to deal with, if it fails to break we might see a 5 -8 % correction.
Decision Zone:- 36,025 - 36,101, trend deciding levels 34,750
Upper Targets:- 36,271 / 36,376 / 36,450 / 36,696 / 36,943 / 37,053 / 37,209 / 37,409
Lower Targets: 35,899 / 35,620 / 35, 456 / 35,099 / 34,741 / 34,232
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 12th Feb#banknifty analysis for 12th Feb
After 5 days of consolidation, you can expect a trending move on Friday, broader range 35,500 - 36,500, any side range breakout you can expect 600 to 1000 points directional moves.
Decision Zone:- 35,743 - 35,796, trend deciding levels 34,750
Upper Targets:- 35,899 / 36,271 / 36,376 / 36,450 / 36,696 / 36,943 / 37,053 / 37,209 / 37,409
Lower Targets: 35,620 / 35, 456 / 35,099 / 34,741 / 34,232
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 #ElliotWave analysis on monthly time frame:-#banknifty #ElliotWave analysis on monthly time frame:-
Wave 1 is from 2110 to 10,774 is of 8,634 points.
Wave 2 is from 10,774 to 3,314 is of 7,460 points, corrected here almost 86% of wave 1
Wave 3 is from 3,314 to 32,613 (29,299) extended 253% of wave 1
Wave 4 is from 32,613 to 16,116 (16,497) corrected almost 56% of wave 3
Move from 0-3 is 2,110-32,613 = 30,503 points
"Calculation of Wave 5: To calculate expected targets of wave 5, just count total move from the start of wave 1 to end of wave 3 (i.e. total move till wave 3) and add 38% and 61% at the end of wave 4. The resulted levels will be your expected targets. Extended 5th wave can go above 70% till 200%."
61.8% of 30,503 : 18,850 , Wave 5 projection is 16,116 + 18,880 : 34,966
78.6% projection is 40 ,091
100% projection is 46,618
Note:-
Fibonacci Ratio Relationship
• Wave 2 is 50%, 61.8%, 76.4%, or 85.4% of wave 1
• Wave 3 is 161.8%, 200%, 261.8%, or 323.6% of wave 1
• Wave 4 is 14.6%, 23.6%, or 38.2% of wave 3
• There are three different ways to measure wave 5. First, wave 5 is inverse 123.6 – 161.8% retracement of wave 4. Second, wave 5 is equal to wave 1. Third, wave 5 is 61.8% / 78.6 % / 100% of wave 1-3 (total up-move till wave 3)
Regards,
SG
#banknifty analysis for 5th Feb #banknifty analysis for 5th Feb
6 trading session 5725 point rally, it's too fast & furious rally to sustain and have to cool down.
The pattern getting formed is a nonsustainable pattern and will fail (71% elevation can't be sustained)
Positional short only below 34,200.
Decision Zone:- 35,028 -35,160
Upper Targets:- 35,321 / 35,413 / 35,845 / 35,996 / 36,112 / 36,328
Lower Targets: 34,791 / 34,498 / 34,047 / 33,586
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 4th Feb #expiry special#banknifty analysis for 4th Feb #expiry special
5 trading session 5220 point rally, divergence on RSI & MACD crossover on the verge, but the price needs to confirm the corrective wave.
It's too fast & furious rally to sustain, better to book out the profit.
Positional short only below 34,050.
Decision Zone:- 34,583 - 34,655
Upper Targets:- 34,791 / 35,321 / 35,997 ( 600 points gap in targets, better break the target every 300 points)
Lower Targets: 34,419 / 34,047 / 33,586 / 32,842
Don't short the market, until 32,167 breaks, till then use the dip to go long.
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 2nd Feb#banknifty analysis for 2nd Feb
Decision Line:- 32,167
Upper Targets:- 33,586 / 34,047 / 34,419
Lower Targets: 31,637 / 31,265 / 30,892 / 30,432
Don't short the market, until 32,167 breaks, till then use the dip to go long.
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.
For 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 29th Jan'2021#banknifty analysis for 29th Jan'2021
Decision Zone:- 30,913 - 31,119
Upper Targets:- 31,250 / 31,637 / 32,167
Lower Targets: 30,676 / 30,439 / 30,142
#banknifty took to support and pullback is expected and trend moves to positive only above 31,680.
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.
For 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 28th Jan'2021#banknifty analysis for 28th Jan'2021
Until we cross 30,900, we are into short term bearishness.
Decision Zone:- 30,380 -30,625
Upper Targets:- 30,909 / 31,365 / 32,0015
Lower Targets: 30,010 / 29,889 / 29,550 / 28,977
The market is deeply oversold, look out for buying opportunities and if the price reverses from the top then only short, no point selling the oversold market.
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.
For 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