subhagghosh

subhagghosh Updated 

#banknifty monthly analysis 52W H :- 32,613 52W L :- 16,116 38.2 % 22,428 50.0 % 24,365 61.8% 26,311 Wave 2 is 21,967 to 17,195 So 50% of this wave is 24,398 which coincides with 50% of the fall 24,365. As per wave structure, the next logical target above 22,418 is 24,365.

subhagghosh

Target:- 1500 / 1680 CMP 1432 SL:- 1360 Excellent Risk to Reward

subhagghosh

Algo has generated short signal on positional trade on #banknIfty Entry Short 2020-07-10 10:45 22627.45 On my Price Action Analysis, I have already posted by Short Term Positional View. Note:- You can use PA to fine-tune the entry & exit generated by the system.

subhagghosh Updated 

Trend Line was broken, target 21650 is valid. Level s are on chart.

subhagghosh

Downtrend Analysis #banknifty Wave 3 length is 15,533 Wave 4 is 38.2 % to 61.8% of Wave 3 i.e within the range of 22,049 - 25,715. The current high 23,080 is 44.8% of Wave 3. Why we assume the wave 4 is complete is due to the following reasons:- 1. #banknifty was having a strong resistance at 22,480 and it took some time & good momentum to break it. 2....

subhagghosh Updated 

#banknifty Clear indication on chart #bannknifty is long to touch a new lifetime high of 34,696. Levels on Chart. Review done on 8th Jul'2020:- Subhag Ghosh

subhagghosh

Bank Nifty Trading Strategy for 13th July'2020 #banknifty:- BankNifty closing below 22480 (which used to a strong resistance is a sign of bearishness). SL for all long trades:- 21,350 ( SL triggered for long on an intraday basis but holds on a closing basis) Decision Zone 22,022 - 22,170 #banknifty if starts trading below 22350 for an hour, then we have the...

subhagghosh

#banknifty algo signal 10th July'2020 22,802 is the short signal generated on the algorithm. Strong support zone:- 22,500 - 22,374, the support was breached on an intraday basis. Any gap down opening will further liquidate the index. This is a trend following system, I will keep adding the lower targets manually on the remarks. SL is 23100.

subhagghosh

#banknifty at a critical juncture, any closure below 22374 will be suicidal for the market. Better to liquidate long and go overnight.

subhagghosh

SELL at CMP for a target of 9030. A simple chart for the layman.

subhagghosh

#banknifty:- Nothing has changed, the structure is still bullish (last 2 days repeating the same thing) SL for all long trades:- 21,350 Decision Zone 22,691-22,919, 228 point no trading zone. Resistance Zone:- 23,000 - 23,100 Suupport Zone:- 22,022 - 22,170 52W H :- 32,613 52W L :- 16,116 38.2 % 22,428 50.0 % 24,365 61.8% 26,311 Wave 2 is 21,967 to 17,195, so...

subhagghosh

#banknifty Classical expiry day trading, trading in the congestion zone. Better to avoid trades or play the range.

subhagghosh

#banknifty:- Nothing has changed, the structure is still bullish. SL for all long trades:- 21,768 Decision Zone 22,832-22,752 Resistance Zone:- 23,000 - 23,100 Suupport Zone:- 22,374 - 22,442 / 22,022 - 22,170 52W H :- 32,613 52W L :- 16,116 38.2 % 22,428 50.0 % 24,365 61.8% 26,311 Wave 2 is 21,967 to 17,195, so 50% of this wave is 24,398 which coincides...

subhagghosh

#banknifty:- Pls avoid shorting. Decision Zone Resistance Zone:- Don't see anything :) till 24,365. 52W H :- 32,613 52W L :- 16,116 38.2 % 22,428 50.0 % 24,365 61.8% 26,311 Wave 2 is 21,967 to 17,195, so 50% of this wave is 24,398 which coincides with 50% of the fall 24,365. As per wave structure, the next logical target above 22,418 is 24,365.

subhagghosh

#banknifty:- Pls avoid shorting. Decision Range Resistance Zone 52W H :- 32,613 52W L :- 16,116 38.2 % 22,428 50.0 % 24,365 61.8% 26,311 Wave 2 is 21,967 to 17,195, so 50% of this wave is 24,398 which coincides with 50% of the fall 24,365. As per wave structure, the next logical target above 22,418 is 24,365.

subhagghosh

Don't miss the breakout happened from here:- Upside target of Wave 5:- 61.8% 23,420.72 100% 24,009 138.2% 24,597.28 levels on chart.

subhagghosh

#banknifty is struck in broader range of upside and downside from 24th June to till date. The decision zone is , upside +ve and below -ve. The wave structure is not damaged and is intact for the last 8 days, decisive big move either side is on card:- Upside target of Wave 5:- 61.8% 23,420.72 100% 24,009 138.2% 24,597.28 The whole structure will get...

subhagghosh Updated 

Daily Chart:- Medium tern trend is down, the short term is up 2 H Chart:- consolidation / neutral 1 H Chart:- Trend is +ve but losing momentum 20,500 will be the pivot point.