Hello Traders, Hope all are doing good. I am here with a analysis for Banknifty on daily based analysis and market sentiment. I am able to see the bullish momentum in the market in coming near future days. Rest will see how it works. Regards; Trader.
SEEING TOWARDS THE TREND BSE:SENSEX SENSEX MAY FALL TOWARDS THE TARGETS AS PER MARKET SITUATION AND IF MARKET RESPECTS THE REJECTION ZONE THEN THE FALLS ARE CLEAR
hi there market is on a confusion area thats why i want to wait for level to reach. i am a reactive not predictive. but at this current situation market need a pullback to grab some liquidity and for this market need to go down. my all areas are shown for reactive market. wait for it. and i inform all the major news for this areas
Bears must have been happy to see the rising wedge formation all this while when the V shaped recovery resumed to claim the former top but cooled off at ~39500. The rising wedge formation did validate for a while and shared the target of ~34500 from a 'measured move' perspective. Note the divergence from the RSI while it tends to form a falling wedge which is the...
as we can see we have bearish Divergence with MACD Signal and MACD Histogram and it is at the end of a bullish trend which is happening post corona Pandemic and it can be interpreted as trend reversal and Distribution time now it can be the time for some correction and retraces we have analyzed the daily Timeframe and used Price Action Strategy to find the...
Sensex is in over bought zone and will crash soon to our target
bank nifty we will see upside move soon
Period: 04/02/2009 to 20/07/2020. No. of Points: 1,04,403. No. of Trades: 674. % Profitable: 52.37%. Profit Factor: 1.732 Points per trades: 154.90 No. of lots: 2 (1 lot is partially booked after 750 points which can be customized and remaining 1 lot is in trade until the trend is reversed).
From Current date 18th July Nifty at 10900 + Step 1: Nifty will retrace 78.6% till 11377.75. Step 2: To form a Head, NIFTY will fall from 11377.75 to 8800 level. Step 3: Nifty will then form another shoulder on the right. Step 4: Nifty breaks below 8800 and falls down to 6225-6350 level which is a big support level.
See the reaction at the lower line on the rising wedge. Once we break down we have two targets on the chart. A better entry could be the top of the wedge if you would like to sweeten the Risk-Reward ratio. I believe we will make a lower low. This rally doesn't make much sense and at these levels, I much rather be sitting in cash rather than hoping that the bubble...
jhunjhunwala - i don't track sensex, i track nifty50 also see, banknifty and nifty50 you will find, their correlation.