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subhagghosh
Feb 17, 2021 11:27 AM

#banknifty analysis for 18th Feb  

Nifty Bank IndexNSE

Description

#banknifty analysis for 18th Feb

A rising wedge is not a good sign, we might extend till 38,100, which is an excellent place to short for a downside target of 35,500

Decision Zone:- 37,050 - 36,950

Upper Targets:- 37,234 / 37,347 / 37,506 / 37,708 / 37,966 / 38,100

Lower Targets: 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
Comments
Tradebuddy0027
Subhagh see the Bearish Butterfly pattern from 16-17 Feb. BN on 1 hr chart
dongabhavin102
Superb sir.
subhagghosh
I will ping you
amaantextiles786
@Sir call me 8686847368
Ishtiyaq_sikar
Is there any telephonic facility to talk you.
If yes email please.
🙏
Ishtiyaq_sikar
सर,
चार्ट समझ नहीं पाते और ट्रेड के अवसर जा रहे है।
उपयुक्त उपाय बताये।
आशातीत है शु भां ग जी की आप उत्तर देंगे। 🙏🌻
subhagghosh
corrected :- Provided that's 36500 is not violated tomorrow, then very probabilities.
rajkpg13
@subhagghosh, Thank you Sir.
I missed your yesterday's analysis.
farzanzuheer
@subhagghosh, sir what this means?
subhagghosh
ok, 36500 should not break, then only 38k
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