subhagghosh

subhagghosh

No sign of strength in #banknifty intraday chart Support is 21800-21700, downside till 21500 is on cards.

subhagghosh

#banknifty is struck in broader range of upside and lowerside. The decision zone is , upside +ve and below -ve. Play the range for swing trading until you have a range breakout or breakdown. The positive structure is still intact with an upside target of 23K is still valid. Tarde light till we have direction in place.

subhagghosh

#banknifty is positive if you have to trade in calls, avoid puts.

subhagghosh

251,894 (20.05%) increase in #banknifty future with 607.45 (2.84%) shows huge long buildup in the system. BN future levels added 6841 contracts added. 21,526 is the immediate big support in #banknifty Immediate resistance for expiry is 22500, if broken then the target is 23,536. I wish you all a happy trading. Trading is all about making money and nothing...

subhagghosh Updated 

#banknifty consolidating is 900 points range from 20,900 to 20,800 in the last couple of days. I have reduced my long position today from the index, any breakdown or breakout has to be traded. SL of the directional trade can the decision zone (which has been kept intact today). Don't play the trend line, what for zone breakdown confirmation before going short....

subhagghosh

#banknifty verge of intraday channel breakout.

subhagghosh

As previously stated for the last 4 days, the wave structure is not damaged and is intact for the last 3 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 damaged below 20,929 Decision Range , during market hours, try to keep the focus on the zone of confluence,...

subhagghosh

The wave structure is not damaged and is intact for last 2 days, Monday can be decisive big move either side:- Upside target of Wave 5:- 61.8% 23,420.72 100% 24,009 138.2% 24,597.28 The whole structure will get damaged below 20,929 Decision Range is 21,086-20,916, during market hours try to keep the focus on the zone of confluence, where bull vs bears will...

subhagghosh

Daily chart Doji formation:- High 21700 Low 20929 The wave structure is not damaged and is intact:- Upside target of Wave 5:- 61.8% 23,420.72 100% 24,009 138.2% 24,597.28 I am amazed to see almost 99% of yesterday' s analysis either on trading view or youtube, all were bearish for this expiry. I was only few of those who have given the long...

subhagghosh

The momentum is very strong, bears are squeezed, neither there is proper retracement not pullback for bull for proper entry & bears to exit. OI down by 4.5%, again short covering. You can expect 24K, out target for the last 15 days to be done by Thursday. Don't dare to short in June expiry, bindas ride the trend there won't be any correction in this expiry....Enjoy

subhagghosh

SL for the current up move is 21,022 (low of wave 4) The current up move wave structure seems to be completed at 22077. We now expect an ABC correction, which should not break the support of 21,022. The index might take a pause for a couple of days before resuming the upside journey. Positional Long SL is 20600. Note:- Overall today BN up by 370 points i.e....

subhagghosh

Next 15 days Review:- 1. The breakout above 19450 on 1st June, the upside target was 24,301. 2. The next round of up move is above 21,967, the upside target will be 24,262. With the current momentum in place, the upside target of 24,262-24,301 seems to be valid. Medium-term reversal is only below 19450. Short term reversal is below 20316. Current upmove SL...

subhagghosh

In the last 3 days, this is the first attempt for the breakout, which got failed. We said long above 20,635, long did not trigger as per recommendation and we got saved from the false breakout. Those of you have use decision zone to trade, must have earned 200 to 300 points in BN. For me, the structure remains the same, will use dips to buy. Decision Range ...

subhagghosh

Nothing has changed in the last two days, consolidation with negative bias is in progress. Fist sign of strength for bulls is above 20,635 & further validation above 20,750. Upside Target :- 24,381 SL :- 19,455 The bullish structure will be compromised below 19,455. The downside target will be given once the structure is broken. Till that time, use buy in...

subhagghosh

Updated Decision Range

subhagghosh

Inside the bar on daily chart, nothing has changed on the chart. I still prefer to be long with Friday low as SL ( outside bar low as SL- 19,580) Keep the trading as simple as possible, got get trapped by the daily noise ( which is very common). The Decision zone is very important in the chart, above try to find an opportunity for long and vice versa....

subhagghosh

Sentiment Bullish above 20,317 Upside Target :- 24,381 SL :- 19,455 Day Low 19,580 (50% of the uptrend is 19,558), Correction Completed. Pattern fails below 19,455. #banknifty #niftybank

subhagghosh

Bullish Gartley Pattern, Target is 161.8% of A to D i.e. 22,278 My Previous Analysis remains as-is:- #Banknifty @21,187 seems to be in the 5th wave of the current up move. The target of wave 5 is a min of 61.8% to 123.6% of Wave 1 ( 17,313 to 19,450: 2,137 Point). Today's high is 21,805 which is 69.3% of wave 1, so we rally don't know wave 5 of the up-move...