BankNifty

[Nish]

As shown in the Regresion chart, BN bounced upward multiple times from 32150 lvl.

Though there are multiple resi , but Should'nt history repeat itself ?

For me, Let market decide on 30m chart and then the real trade gets unfolds !


View strictly for STUDY PURPOSE !

 

[Nish]

As expected BN history repeated itself UP from 32150 !

For me , BhartiArtl ^ in next few days !

View strictly for STUDY PURPOSE !

 

[Nish]

Booked and exited today's intraday BN longs !

If BN reverses on 30m/60m chart THEN may consider SHORTS with proper SL !

View strictly for STUDY PURPOSE !

 

[Nish]

60m BN chart with ALL COMMENTS shows expanding triangle with posible OB zones with reversing areas with some whip-saws.

In short, a Make-or-Break situation for Bulls and Bears !

Waiting for, a clear direction on 30m/60m chart !

View strictly for STUDY PURPOSE !

 

[Nish]

As expected in last chart , expanding channel upper boundry is acting as resistance . Time will show if is broken on upside or not !

BN 60m chart shows posible support and bounce area !

Comments on the chart !

View strictly for STUDY PURPOSE !

 

[Nish]

BN Bounced exactly from bounce area as anticipated !

For the time being NO SHORT trades fro me , unless 10SMA comes below 21SMA!

View strictly for STUDY PURPOSE !

 

[Nish]

For my own trading, Though BN is in upwrd momentum for a posible target of 37000 from current 35k ..

BUT pattern analysis suggest, a fast correction of 2000 pts upto 33000 lvl should be healthy for a more sustainable rally with gap-up !

I would prefer only intra trades of 5m chart moves with proper SL !!

Off-course , Market is SUPREME !


View strictly for STUDY PURPOSE !

 

[Romeo1998]

For my own trading, Though BN is in upwrd momentum for a posible target of 37000 from current 35k ..

BUT pattern analysis suggest, a fast correction of 2000 pts upto 33000 lvl should be healthy for a more sustainable rally with gap-up !

I would prefer only intra trades of 5m chart moves with proper SL !!

Off-course , Market is SUPREME !


View strictly for STUDY PURPOSE !

Very good analysis, even i m long for long term n short for short term

 

[Nish]

BN 03Jun 35000PEs from ydays low of 301 to todays high of 432 till now !

Again same from todays low of 218 to 238 till now !

5m chart magic !

BN SHORT trades are always enjoyable due to in-built PANIC factor !

 

[Nish]

When RETAILS start believing that Market is buoyent , rallying with great momentum with MOST EXPERTS forecasting MUCH inflated HIGHER targets ...

... That is the time to be very much CAUTIOUS and ALERT for a posible correction in near future , as Market and SMART MONEY always factor-in everything in advance !

But I would NEVER try to catch a posible TOP to short or a posible BOTTOM to long , instaed will wait for a CLEAR indication of the actual reversal on Hourly, Daily and Wkly chart taking clear clues from RSI, MacD, DI- above DI+ etc.

Till then Buy on dip and Sell on rise, observing 5m and 30m range b/outs or b/downs or be stock specific !

Market give enough opportunities to traders with patience !!

View strictly for STUDY PURPOSE !