InsiderB
Giá lên

BankNifty : Lets Buy Some Banks !

NSE:BANKNIFTY   NIFTY BANK
Simple Trade setups are the best one's. Instead of getting stuck with some complex trading systems, the simpler the better I believe.Today morning, first I looked at Nifty             , didn't feel quite good about it, its completely ranging,so shifted focus on Banks..yea we are gonna buy Banks like Billionare's :).Lets keep funny things aside, here we are looking @ Banknifty             and it just broke out of rectangle pattern ( our favorite pattern for past 3 weeks..Love it ! ).

So if there is any pullback to check the resistance-turned-support area 19000's, we will be ready to get long in Banknifty             . That's the simple setup we are looking at. We can also count elliott waves starting from 18450's, and wave 3 getting completed around 161.8% of Wave 1. Wait friends, nothing rosy as it looks, bcos 161.8% n wave 3 doesn't imply it will return for sure,so that we all can go short. If we have to trade wave 3 to 4, look for other valid bearish confirmations & enter, bcos its possible that banknifty             may decide to reverse @ 2.0 or 2.24 fib extensions.

If all goes fine and short plan worked, book profits around 19000's (+/- 0.5 %) and initiate long positions around our marked entry zone in Banknifty             . We can call it as pullback entry or based on waves or someother technical analysis , all are good n valid. It's myth that one method is better than other. So if we take long positions @ 19000 in banknifty             we are aiming around 700pts, only if everything goes as we have analysed. Yeah ! Let's go n Buy some Banks :)


Feel free to leave comments to discuss/ Hit Likes if you agree... Happy Trading !
To follow Me on Indian version of Tradingview : https://in.tradingview.com/u/InsiderB/
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất