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subhagghosh
Nov 18, 2020 2:21 PM

Expiry Special Analysis for 19th Nov'2020. 

NSE:BANKNIFTY15
Nifty Bank IndexNSE

Description

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#banknifty view on expiry

Decision Line:- 29,608

Upper targets:- 29,914 / 30,220 / 30,515 / 30,702 / 30,998 / 31,180

Lower Targets:- 29,460 / 29,334 / 29,030 /28,799

Trend Reversal levels:- 29,030

Elliott Wave:- Wave 5 likely in progress:-

Wave 1 is 23,612.70 to 25,733.35 :- 2,160.65

Wave 5 starting point is 27,703.30

0.382 28,528 Done
0.5 28,783 Done
0.618 29,038 Done
0.78 29,388 Done
1 29,863 Pending
1.618 31,199 Pending


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.

Trade closed: target reached

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Trend AnalysisChart PatternsWave AnalysisBANKNIFTYniftybankexpiry
Comments
jenish05me51
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Sir, can you please explain about decision line. Is it the line from where market suppose to show some movement in either direction? Is it advisable to wait for market to come around decision line?
subhagghosh
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@jenish05me51, Decision line, three scenarios:-

1. Price hovering around DL, within +- 50 points:- Then avoid the trade.

2. Price is above DL, try to buy

3. Price is below DL, try to sell

Use price action to fine-tune the entry points, exit points are my targets, which are already posted.
vijayabharathisi_b
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@subhagghosh, today great sir
jatin5621
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caption🙌
subhagghosh
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Decision line are boundary line, on upside u try to go long and below try to go short.

price hovering on DL, avoid trades.
jenish05me51
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@subhagghosh well noted sir
pra_sid_trades
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@subhagghosh joined your telegram just a while ago. I always ensure, I see your analysis before hitting bed. Analysis is just fantastic!
adoringJaguar15593
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Thank you so much sir
devil_365
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awsome prediction sirji
vijayabharathisi_b
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Great prediction sir
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