Bank Nifty Trading Strategy for 13th Nov'2020

Nifty Bank IndexNSE

Description

⋅ 12 nov. 2020 20:39

Decision Zone:- 28,338 - 28,380

Upper targets:- 28450,28600 and 28800

Lower Targets:- 28150,28000,27750 and 27600

Trend Reversal levels:- 28,520.

Elliott Wave:- Wave 3 is completed at 29,030 & Currently, we are in Wave of retracement

Wave 4 is typically 38.2% to 61.8% of wave 3

Wave 4 targets:-
1. 27,545 - 27,582
2. 27,086 - 27,105
3. 26,627 - 26,525

Resiatance Zone:- 29,134 - 29,385

Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.

Commentaires

AMJ_2009

⋅ 13 nov. 2020 10:14

Now that close is below 28520, has trend reversal occurred towards down side ?

Mannmohan

⋅ 13 nov. 2020 05:26

Very very thankful for sharing live chart.

Neel007

⋅ 13 nov. 2020 15:41

Once again your analysis are superb..... Thanks

yogeshyg1209

⋅ 13 nov. 2020 07:05

🙏

sernatar

⋅ 13 nov. 2020 06:08

it would be nice if you explain much more better for beginners also to understand

subhagghosh

⋅ 13 nov. 2020 03:22

Green lines are support lines or the 3 targets which I mentioned are support points.

shahaananjum

⋅ 13 nov. 2020 03:20

support levels?

CHARUMISHTI

⋅ 13 nov. 2020 02:24

How to draw Elliot wave on intraday chart, I mean on 5min chart

subhagghosh

⋅ 13 nov. 2020 03:23

@CHARUMISHTI u can but lacks reliability

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