!!BANKNIFTY MAJOR TRENDLINE TEST!!WEEKLY UPDATE!!
Atualizado
-index is witnessing short-covering after a major sell off
-it seems like in shorter time frame the index may have made a double bottom
-financials were the worst hit due to rise in dollar index,rising oil prices and rising bond yields
-they share inverse correlation
-last week on friday i had explained that a DXY has created a gravestone dojin on monthly chart
-a close below 103 on monthly chart will confimr it for that we need to wait out
-earlier i had also explained a note how BANK OF AMERICA had explained that inflation and bond yields had topped out
-on the worst side we have already factored a rate hike in june by both fed and rbi
-if you pay attention to my updates i have mentioned how a top in dollar/inr and banknifty bottom works
-earlier i had also mentioned how INDIA will decouple from rest of the world
-on the other side the measures by govt will help curb inflation
-this is lead to added boost for the markets today
LEVELS TO WATCH
-a two hourly close above 34850
-if does we will have a trendline break which started from 38780
-a short term sharp bounce towards 34600-36200 will be witnessed
-a smooth move later towards 37700-38200-38500 can be seen
-eventually breaking higher
DXY-USD/INR-US10Y-WTI CRUDE
TO BE UPTO DATE
-check the signature box below
-for live updates
*channel view shared early and updated
DISCLAIMER
*my views are not trade recommendation
*please consult your financial advisor
*do not over trade
*manage risk and manage risk appetite
-it seems like in shorter time frame the index may have made a double bottom
-financials were the worst hit due to rise in dollar index,rising oil prices and rising bond yields
-they share inverse correlation
-last week on friday i had explained that a DXY has created a gravestone dojin on monthly chart
-a close below 103 on monthly chart will confimr it for that we need to wait out
-earlier i had also explained a note how BANK OF AMERICA had explained that inflation and bond yields had topped out
-on the worst side we have already factored a rate hike in june by both fed and rbi
-if you pay attention to my updates i have mentioned how a top in dollar/inr and banknifty bottom works
-earlier i had also mentioned how INDIA will decouple from rest of the world
-on the other side the measures by govt will help curb inflation
-this is lead to added boost for the markets today
LEVELS TO WATCH
-a two hourly close above 34850
-if does we will have a trendline break which started from 38780
-a short term sharp bounce towards 34600-36200 will be witnessed
-a smooth move later towards 37700-38200-38500 can be seen
-eventually breaking higher
DXY-USD/INR-US10Y-WTI CRUDE
TO BE UPTO DATE
-check the signature box below
-for live updates
*channel view shared early and updated
DISCLAIMER
*my views are not trade recommendation
*please consult your financial advisor
*do not over trade
*manage risk and manage risk appetite
Nota
Nota
PATIENCE NEEDED NOW 34850 IS CRUCIALNota
LEVELS ARE IMPORTANT WE DID NOT BREACH ABOVE TRENDLINE AND 34850
Nota
TRENDLINE BREAK IS SEEN
RISING IN FALLING MARKET
YIELDS HAVE COOLED DOWN
DXY IS DOWN
USD/INR IS DOWN
MORE SAFE TO ENTER AFTER 34850
Nota
Trade ativo
OPEN entered banknifty as discussed@34825
trailed stop to now@34450
target i am looking for short-tern is
T1-35570
T2-35720
T3-36000
Nota
STOPLOSS UPDATE ONCE TARGET IS ACHIEVED I WILL TRAIL STOPLOSS TO 75 POINTS BELOW BUY PRICE
BUY PRICE@34825
STOP WILL BE 34750
NOTE IF I SEE TODAY BANKNIFTY CLOSE
LTP=HIGH
WILL CARRY AND ADD MORE
Trade fechado: objetivo atingido
WELL DONE FIRST TARGET HIT NOW
Trade fechado: objetivo atingido
SUMMARY-TODAY I AM EXPECTING THAT SECOND TARGET WILL BE HIT IN OPEN
-IF WE MOVE HIGHER THE ZONE OF 36280-36580 IS IMPORTANT
-I WILL BE TRAILING MY STOP BUT IF ANY DIP TOWARDS 35000-34800 IS SEEN
-IT IS A BUYING OPPORTUNITY
Nota
Trade fechado: objetivo atingido
3RD TARGET DONE NOW WILL BUY THE FIRST CORRECTION
TRADERSMOJO TELEGRAM CHANNEL
*future calls
*option trading (buying)
*index trading (options and futures)
*index update and oi analysis
t.me/tradersmojo
*future calls
*option trading (buying)
*index trading (options and futures)
*index update and oi analysis
t.me/tradersmojo
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.