#banknifty view for 2nd Aug to 6th Aug'21
Deleted everything from the chart and started fresh for the new month, the view is neutral to bullish, the market in time correction/consolidation, the significant move can be seen after the range breaks.
The view will be changed to bearish below 33,700 only, but don't want to miss out on the next big upmove.
Now immediate support 34500 and resistance 34800 it definitely should fall after range bound action till 34000/33900 level. After then it will move upside as a reactive but for then 36000 impossible it will fall then before 36k cause it's on secondary trend is falling. I'm telling you very advanced analysis you can see on my chart I've drawn this, NIFTY 50 range...
Hi guys, I have finally completed the thread on Fibonacci (Though it took longer than usual). I have tried with the best of my little knowledge to create this thread. This has everything you need to know about Fibonacci retracement and Fibonacci extension. Also, if the thread is free that doesn't mean I have compromised with the quality. All you have to do is just...
Intermittent view for 27th July:-
The whole day the index remained range bound and hovered around 35000 levels.
If the index fails to sustains above 35k tomorrow, selling pressure might be seen which might drag the bank nifty to 34,700 to 34,350.
Weekly analysis was already posted over the weekend:-...
#banknifty analysis for 26th to 30th July'2021
DMA10 35243.66 Sell
DMA20 35213.68 Sell
DMA50 34920.93 Buy
DMA100 34215.98 Buy
Moving Averages (short term), Momentum Oscillators & Trend Oscillators are in SELL mode.
The GAP 35,347 to 35,675 will continue to act as resistance.
We are in correction mode, correction might be zig zag or flat that time...
So the Long trend is very bullish so we are in a good trend up
the short is sell on the 4 hours rsi
i will enter when the rsi start to go up
my system of trade is easy
the long trend i use EASY stock indicator
The short trend I use Smooth rsi inicator.
So when long trend is postivte. i just go long and exit when rsi start to fall (see the high mark )
Now strong resistance 🔥 34600 if sustain above can't go 35k below coming tgt 33900 to 33300 and may be 32400 which I previously analzed on my Wolfe wave analysis. My indication once again absolutely short cause RSI also indicating such it needs to fall more to make it big up move and you know I'm here to alert when it's going to coming back don't worry trade...