subhagghosh

subhagghosh

#banknifty analysis for 8th June'2021 Decision Line:- 35,524 - 35,595 Resistance:- 35,960 / 36,326 Support Zone :- 35,370 / 35,142 One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade. E.g. One of the important DP is...

subhagghosh

#banknifty analysis for 4th June'2021 Decision Line:- 35,524 - 35,595 Resistance:- 35,960 / 36,326 Support Zone :- 35,370 / 35,142 One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade. E.g. One of the important DP is...

subhagghosh

#banknifty analysis for 3rd June'2021 #expiry Decision Line:- 35,285 - 35,595 Resistance:- 35,524 / 35,960 / 36,326 Support Zone :- 34,751 / 34,608 / 34,410 / 34,142 One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't...

subhagghosh

#banknifty analysis for 1st June'2021 Can you ignore the following, if you follow technicals? 1. First time in 11 weeks, BN closed above 35,500. 2. BN is trading above All DMA (5/10/20/50/100/200). 3. All momentum oscillators ( RSI, CCI, ROC, Ultimate Oscillator ) are in buy mode. 4. All trend oscillators ( MACD, ADX, Bull/Bear Power) are in buy mode. 5....

subhagghosh

#banknifty analysis for 31th May'2021 Decision Line:- 35,142 Resistance:- 35,524 / 35,960 / 36,326 Support Zone :- 34,751 / 34,410 / 34,142 / 33,850 One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade. E.g. One of the...

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#banknifty analysis for 28th May'2021 Decision Zone:- 34,860 - 35,006 Resistance:- 35,200 / 35,550 / 35,960 / 36,350 Support Zone :- 34,751 / 34,410 / 34,142 / 33,850 Rising Wedge is not a good sign, book profit at higher levels. One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price....

subhagghosh

#banknifty analysis for 27th May'2021 # expiry Monthly expiry doesn't follow any technicals, it's only about big boys' position adjustment and just follow what they do. Decision Line:- 34,733 Resistance:- 35,055 / 35,270 / 35,576 / 35,967 Support Zone :- 34,573 / 34,245 / 34,015 OI analysis:- 20.2 L OI in 35,000 CE (Closed at 89.75 )& 10.3 L OI in 34,500...

subhagghosh

#banknifty analysis for 26th May'2021 Decision Line:- 34,733 Resistance:- 35,055 / 35,270 / 35,576 / 35,967 Support Zone :- 34,573 / 34,245 / 34,015 One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade. E.g. One of the...

subhagghosh

#banknifty analysis for 25th May'2021 All overlay & oscillators are overheated and RSI is making lower high, the index needs to cool down and we have monthly expiry this week. Play the green & red zone of the chart, positional short only below 33,900 below the closing. RSI is plotted in the form of a histogram, you just need to change the "plot(rsi, "RSI",...

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#banknifty analysis for 24th May'2021 AB = CD pattern observed, Wave 3, Harmonic all are giving a target of 35,200 +- 200 range, which might be a potential reversal point, before any next significant move. Decision Line:- 34,598 Resistance:- 34,867 / 35,071 - 35,271 / 35,852 Support Zone :- 34,287 / 34,048 , 33,752 Ref:- One of the best forms of PA action...

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Supporting View 24th May'2021 Week

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#banknifty analysis for 21th May'2021 We are in wave 4 of pullback, should ideally take support from the 33,129 - 33,368 zone to continue its journey towards 34,837 to 35,270. Some people will criticize, the analysis violates the basic rule of EV, wave 4 enters wave 1 territory, but I am not here to prove EV is right or wrong, but to show you how #banknifty...

subhagghosh

#banknifty analysis for 20th May'2021 #expiry Nothing changed from yesterday to today, we are in pullback and till 32,840 holds, use dips to go long for higher targets. Decision Line:- 33,750 (Above positive & below negative) Resistance:- 33,918 / 34,245 / 34,509 / 34,772 Support Zone :- 33,664 / 33,368 / 33,129 One of the best forms of PA action is not to...

subhagghosh

#banknifty analysis for 19th May'2021 Decision Line:- 33,918 (Above positive & below negative) Resistance:- 34,245 / 34,509 / 34,772 Support Zone :- 33,664 / 33,368 / 33,129 One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't...

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#banknifty analysis for 18th May'2021 Decision Zone: 33,046 - 33,200 (Above positive & below negative) Resistance:- 33,880 / 34,000 / 34,442 Support Zone :- 32,910 / 32,804 / 32,680 Too quick rally to sustain, longs be aware. One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait...

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#banknifty analysis for 17th May'2021 Decision Line:- 32,318 (Above positive & below negative) Resistance:- 32,650 / 32,804 / 33,150 / 33,297 / (33,320 - 33,455 ) Support Zone :- 31,888 / 31,321 Positional upside target is 34,060 - 34,815 (Impulse Wave 5 target) & 34,130 - 34,442 (Diagonal Wave 3 target) One of the best forms of PA action is not to predict...

subhagghosh

#banknifty analysis for 14th May'2021 Decision Zone:- 32,520 - 32,720 (Above positive & below negative) Resistance:- 32,880 / 33,150 / 33,297 / (33,320 - 33,455 ) Support Zone :- 31,906 - 32,068 / 32,191 - 32,352

subhagghosh

#banknifty analysis for 12th May'2021 #Expiry The regression line shows we are moving up only, on a daily time frame we are neutral. This indicates, either we will consolidate or move up. I don't see weakness until we close below 32,500. Decision Zone:- 32,875 (Above positive & below negative) Resistance:- 33,150 / 33,297 / (33,320 - 33,455 ) Support Zone :-...