Bearish

19 Feb 2021

Lets look at the weekly charts in #BankNifty. Its mirror reflection of the 23rd March candle with a long upper weak. Price rejection at higher levels is evident. Even a 23.6% retracement falls near breakout level of 32637. Can bears make it this time? Not sure. Lets not predict. Better trade the trend.

19 Feb 2021

Catatan

In #BankNifty next support level is 36350/36090/35495/35977 as per lower timeframe charts while resistance placed at 36850. If 35495 level is broken on closing basis, then it will enter free fall zone where next target in #BankNifty is all the way down to 32810 for BO retest.

19 Feb 2021

Catatan

Disclaimer: All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

2 Apr 2021

Catatan

BankNifty tests 32637 level as mentioned. Nearly 4000 point down.