subhagghosh

subhagghosh

Nothing changes in the chart, SL for all long is 20321. Refer my yesterday's analysis for details. #banknifty

subhagghosh

#Banknifty @21,187 seems to be in the 5th wave of the current up move. The target of wave 5 is the 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 really don't know wave 5 of the move is completed or not, which we will come to know in a few days. If the current upmove continues the target...

subhagghosh

A rally of 4514 or 26% point from 17105 to 21619 was covered in 50 bars (12 Days). The short term high of 21,619 has been made what it seems. Use a bounce to short and the downsize target is 18,830 by 10th June. Note:- Analysis fails if BN crosses 21,619. The original target of 23,300 still holds but retracement first then the next move. #banknifty...

subhagghosh Updated 

Stop Loss of all long is 20,530 Levels on the chart:- Trade safe

subhagghosh Updated 

SELL BN for a target of 20331

subhagghosh

21,244 is the SL for intraday shorts, if BN stays above get into long with SL of 20,800 T 21,600 -21,900. If 20,600 is broken, short with SL of 20,850, T 20,320/20,200 & 19,800. The reversal of the bull phase is below 19,801. The market has to consolidate before moving up, if consolidation doesn't happen we might go for a sharp cut. Till now I am long on the...

subhagghosh

Low-Risk Persons:- Stop Loss of all long is 19,790 #banknifty Rest of my yesterday's analysis remains the same, Moderate-Risk Positional SL for Long is now 19455.

subhagghosh

If I am see the chart correctly, there is breakout of breakout happned around 19450 levels. 17105 to 20122 recovery took 63 bars on 30 min chart and time of almost 10 days. Before moving to next level, at least price or time correction is required. Price Correction:- Might be till 19,000 to 19,350 levels along with time correction of 1/3 of 10 days, i.e. 3...

subhagghosh

SL for all long is 18,732 for intraday and weekly positional long is 18,400. Trendline breakout trade is above 19,455, don't be short. You have the support & resistance zone defined in the chart. Decision Range is 19,105-19,357, above +ve and below -ve.

subhagghosh

If I totally go up price action on Bank Nifty, there is two b2b breakout levels crossed and held (18,200 & 19,000). As per the current breakout the target on the upside is 20,785 to 20,820. One thing that is worried, BN moved 8% yesterday on account of some 1.5 L package to Banking Sector rumors. If the pattern has to fail, the first signal will be BN trading...

subhagghosh

Nothing has changed in the BN view from yesterday, it has been an worst day of trading for my group, only SL triggered on either side. The #BANKNIFTY is in a downtrend. SL for all intraday shorts:- 18,200 and Postional shorts 19,000. RSI zone 45-55 is a trade avoidance zone. No comfortable is taking neither aggressive short nor long trade at this level.

subhagghosh

The #BANKNIFTY is in a downtrend. SL for all intraday shorts:- 18,200 and Postional shorts 19,000. RSI zone 45-55 is a trade avoidance zone. No comfortable is taking neither aggressive short nor long trade at this level. Due to super cyclone over the Bay of Bengal, I was cut out for last 4 days and wasn't able to post analysis.

subhagghosh

Everything on the chart, play the trend and levels. #niftybank #banknifty

subhagghosh

News Driven, just play the levels If short-covering continues 19,900 is on cards.

subhagghosh

SHORT:- SL on CHART, T is open 500 to 1000 points.

subhagghosh Updated 

Levels on chart:- @@ Pivot Zone:- 19,018 - 19,202 Above +ve Below -ve RSI Divergence in seen, expected to see the bounce on Monday and If the price holds above 19,200, then the target are 19450/19730/19880. SL:- 18,585 intraday and positional is 18,300. #banknifty #niftybank

subhagghosh Updated 

Just wait for the oval pattern to disrupt, you get 19950 on BN. SL day low. #banknifty #niftybank

subhagghosh

My analysis on Bank Nifty remains the same, I will still try to sell on higher levels and avoid contra trend trades. There is selling pressure at a higher level and will continue to stay. Levels on Chart Why I won't buy for positional trades? 1. Due to COVID-19, millions of jobs will be lost and will do irreversible damage to the middle class and lower...