inspire_Chethan

inspire_Chethan

As explained on the above chart a clear 5 wave structure can we seen and noticed Bearish Div on 1hr TF. I am short personally. The view is positional not for day trading. SPOT : 20030 STOP LOSS : 20225 T1 : 18663 T2 : 18300 My personal trade is as follow : BUY 20000 PE @ Rs. 440 SELL 19500 PE @ Rs. 240 Max Risk Rs. 200

inspire_Chethan Updated 

BankNifty may retest 18250 to 18950 23% - 38% Fibonacci retracement levels before it's further course. Chart explains everything. Can go long. Entry : CMP Stop Loss : 17250 (SPOT) Target 1 : 18250 (SPOT) Target 2: 18900 (SPOT)

inspire_Chethan Updated 

My view is short on BankNifty based on following analysis. As per my observation Banking Sector looks under performing or weaker in comparison to Nifty. Nifty after making a low 7511 on 24th March has corrected almost near 50%, whereas BankNifty is struggling to correct even 38%. Also I have observed Bearish Reverse Divergences on Daily Time Frame before...

inspire_Chethan Updated 

As per same principles like my previous study on BankNifty, Indusind Bank is under performing in Banking Sector. Short at 485 Stop 492

inspire_Chethan Updated 

Based Dow Theory and Observing Bearish Divergences on Oscillators Entry : 452 Stop : 454

inspire_Chethan Updated 

My view is short on BankNifty based on following analysis. As per my observation Banking Sector looks under performing or weaker in comparison to Nifty . Nifty after making a low 7511 on 24th March has corrected almost near 50%, whereas BankNifty is struggling to correct even 38%. Also I have observed Bearish Reverse Divergences on Daily Time Frame before...