bank nifty monthly chartbank nifty monthly trend line breakout...
strong bearish....buying opportunity in 2021-2022
BANK-NIFTY
Kotak Mahindra bank Elliote + Price action breakdownHello Friends
Don't Take any trade its just view we get a better opportunity of confirmation trade in it After breaking it out !!
Waiting for new control price
According to Elliote wave its target toward 263
30 min
Lol I am confused in it
Thanks
BANKNIFTY current Technical Update FII & DII invest 19056 corerBANK Nifty TA Update:
I am also bullish in Bank nifty because of Today FII & DII buying data........ Huge buy.....Last 30 days FIIs daily 1000 cr selling
so keep an eye guys
BANK Nifty Now 19490 Point.
This is Rtest Level after breakdown The support.
So I can expect Next down leg soon but Guys if we breakout 19700 level I can expect 500-800 point upward side.
Support: 19048/18200
Resistance : 19750/20300
if any candle close above 19750 level then this bearish chart exit and I will close my Trade and I will open Call.
so keep an eye on chart.
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Nifty following exactly as our prediction...!--> Yesterday I've posted idea of NIFTY, it opened at exact near the minor trend-line(i) . Exactly started to fall toward exactly over-consumption as expected
You can ask in comment section if you want to know anything.
INDUSIND BANKHello Guys, I am sharing more potential and confidential trade Which is less risky and expected high return from it ... !!
In all, I personally invest in it Those which are share to you
I know many of you just seen and leave it bt likes give me more potential to do work hard more and more it only takes second to click on like
Genuine if you like my ideas then please like it, I need your support.
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Indusind Bank 75 Min Analysis , TRIANGLE PATTERN Triangle Pattern Formed .
1) Strong RSI Divergence .
2) Price Reacted From Demand Zone .
3) Entering In Supply Zone .
* Trade Set Up for long . Looking For Bullish Candle Strick Pattern Near Triangle Breakout .(Long Above It )
Preferable Above 428.
* Trade Set Up For Short . Look For Bearish Candle Pattern Near Supply Zone . And Below It Short . With Sl 428 .
Short Trade In this Pattern Not Looking Good Until Last Low Break .
IF SETUP COMPLETE And Market Support Our Direction then Go Long . With Your Bullish Set Up candle Low As A Stop Loss . First Target Will Be 468-475.
Short Bank Nifty WIth SL above 31600 (But 31400 CE as Hedge)Short Bank Nifty With SL above 31600 or Use 31400 CE Option as Hedge
For Tgts of 31055
30860
30501
Buy 31300 PE hedge with 31400 CECall Option
Quick 500 points on Bank Nitfy Assuming the fast slide on bank nifty over the past couple of weeks to be the primary trend, I conclude this to be a slower retracement towards 61.8 percent of fibs, a buy from the given levels would be recommended; with an aggressive stop at the red mark
Bank Nifty As per 15 minutes chart, Bank nifty identified the double bottom and it has broken the neckline. Now it is moving towards the target of 31000
BankNifty : Lets Buy Some Banks ! Simple Trade setups are the best one's. Instead of getting stuck with some complex trading systems, the simpler the better I believe.Today morning, first I looked at Nifty, didn't feel quite good about it, its completely ranging,so shifted focus on Banks..yea we are gonna buy Banks like Billionare's :).Lets keep funny things aside, here we are looking @ Banknifty and it just broke out of rectangle pattern ( our favorite pattern for past 3 weeks..Love it ! ).
So if there is any pullback to check the resistance-turned-support area 19000's, we will be ready to get long in Banknifty. That's the simple setup we are looking at. We can also count elliott waves starting from 18450's, and wave 3 getting completed around 161.8% of Wave 1. Wait friends, nothing rosy as it looks, bcos 161.8% n wave 3 doesn't imply it will return for sure,so that we all can go short. If we have to trade wave 3 to 4, look for other valid bearish confirmations & enter, bcos its possible that banknifty may decide to reverse @ 2.0 or 2.24 fib extensions.
If all goes fine and short plan worked, book profits around 19000's (+/- 0.5 %) and initiate long positions around our marked entry zone in Banknifty. We can call it as pullback entry or based on waves or someother technical analysis, all are good n valid. It's myth that one method is better than other. So if we take long positions @ 19000 in banknifty we are aiming around 700pts, only if everything goes as we have analysed. Yeah ! Let's go n Buy some Banks :)
Feel free to leave comments to discuss/ Hit Likes if you agree... Happy Trading !
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Banknifty 3 YR Long Term Consolidation Breakdown ShortHello
This is an update from my BANKNIFTY Long call from 13700
and my BANKNIFTY short call which is at a breakeven point. The first scenario I had foreseen was a reversal at this lvl. The second was retrace to 17k and then back down. Now I notice a 3y long pattern of consolidation that has been in development ever since BANKNIFTY rallied from 8k to a 200%+ high of 20k. The banking index is looking weak as India continues to cut rates inorder to increase budget by decreasing payments on debt.
In the short term I think that the second possibility of 17k and back down is possible as the price action has been extremely bullish from 13k ranges and shows indications of wanting to test the top of the consolidation triangle at around 16.7k.
Best of luck
