Bank Nifty : +500 to +900 Points Upside Potential
14 Nov 2022 2113hrs
Bank Nifty Trading above the Previous ATH of 41840, now (14 Nov 2022, 21:00hrs) we can with a HH in price which is not supported by volume. We can clearly see a decline in volume and HH in price.
Summary :
Price and Volume – Divergence
VP – POC around 41300 level
Most Likely Bank Nifty is in an Ending Diagonal formation
Ending Diagonal - Last wave(Volume Favours)
Conclusion :
What Not to DO - Short Selling Index at this level is not at all a good idea(CMP 42072). A clean HH
What we can Expect – A rising Trendline(green bold line)from 40800 & 41200 levels, can be used as good support levels for the higher target of 42542 & 42976
Long for potential 500 to 900 points
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Bank Nifty Trading above the Previous ATH of 41840, now (14 Nov 2022, 21:00hrs) we can with a HH in price which is not supported by volume. We can clearly see a decline in volume and HH in price.
Summary :
Price and Volume – Divergence
VP – POC around 41300 level
Most Likely Bank Nifty is in an Ending Diagonal formation
Ending Diagonal - Last wave(Volume Favours)
Conclusion :
What Not to DO - Short Selling Index at this level is not at all a good idea(CMP 42072). A clean HH
What we can Expect – A rising Trendline(green bold line)from 40800 & 41200 levels, can be used as good support levels for the higher target of 42542 & 42976
Long for potential 500 to 900 points
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
コメント:
23 Nov 2022 08:00hrs
Bank Nifty is hovering at our Target 1 of 42542 for last 4 days prior to monthly expiry which is on 24 Nov 2022...CMP 42475 expecting a BO from 42622 level(ATH) and push towards our Target 2 which was placed originally +900 of 42976...time to tighten TSL as we can see a sharp reaction down from Target 2....
Bank Nifty is hovering at our Target 1 of 42542 for last 4 days prior to monthly expiry which is on 24 Nov 2022...CMP 42475 expecting a BO from 42622 level(ATH) and push towards our Target 2 which was placed originally +900 of 42976...time to tighten TSL as we can see a sharp reaction down from Target 2....
トレード終了: 利益確定目標に到達:
24 Nov 2022 09:58hrs
Bank Nifty second Target which was placed +900 pts 42976 target been kissed by making High of 42963.15....CMP 42942(All levels mentioned are Spot Price)...Jai Hind Jai Bharat
Bank Nifty second Target which was placed +900 pts 42976 target been kissed by making High of 42963.15....CMP 42942(All levels mentioned are Spot Price)...Jai Hind Jai Bharat
Dhiraj Singh Bais
App : Power Profit Academy
Website : otm.dhirajsinghbais.com/PPW247
Twitter: @DhirajSghBais
Whatsapp: 7379556677
App : Power Profit Academy
Website : otm.dhirajsinghbais.com/PPW247
Twitter: @DhirajSghBais
Whatsapp: 7379556677
Target 1 of 42542 Achieved, +500 points done: Day High at 10:47hrs 42553...