Viés de baixa

Banknifty looking super bearish

Atualizado

Banknifty has formed rising wedge pattern which is super bearish sign in the market. Also there is 200 EMA(purple line) support at the current closing level of banknifty. If somehow it breaks the 47500 levels and sustains below it for 5-10 minutes there will be big targets possible. Only disclaimer is HDFCBank has to support this down fall.

Target1 47033
Target2 46500
Target3 45960
Target4 45480
Target5 44950

Best case scenario:
Remember this is not possible in one day. This could be positional bearish trade. Because market has risen so much so if it breaks the rhythm it will be bit confusing scenario so will give some intraday spikes to take bear SLs but ultimately it will fall brutally.

Worst case scenario:
It could trap the bears around 47000 and reverse. In this market anything is possible but if the bulls are strong enough. they will surely defend at 47000 round levels. And they will defeat if it breaks it and then bear grip scenario possible.

DISCALIMER: I AM NOT SEBI REGISTERED ANALYST.ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS,RIGHTS RESERVED.I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.

Nota

still not active. waiting for it.

Nota

still the view is intact. market is not gone anywhere. Ones it's active will update here. still waiting.

Nota

Updated chart

Nota

Need to see how it reacts near 47700 today. based on that level we can decide if it takes support or fall. Otherwise ignore the selloff.

Nota

Bearish only below 47700 only otherwise it will kill the bears.

Nota

market was super bullish today. we will only think about this one it break the wedge bottom trend line otherwise ignore this.

Nota

Addition to the channel pattern now. One more bearish angle formed.

Nota

See the updated chart. Slight bearishness noted on friday. But cant say anything. Have to observe the trend for couple of more days and if gapdown happens on monday then it's surely to look for the further price action.

Nota

According to fibo retracement. BN is on the perfect spot(0.236 support). if this support breaks then only we can expect some breakdown till treandline support. And futher to 47000. But the only condition is it should break the fibo or gapdown market can trigger this.

Nota

Today everyone has observed the last half an hour fall. Still it's bit confusing at the moment. It could be bear trap today or it could be bulls' trap tomorrow. It should sustain below 48000. Then major trendline breakdown around 47800. Then yes. Will update tomorrow in live market.

Nota

Look at the updated chart now. it's on the crucial level now. Make or break basically.

Nota

48000 is broken now. Pehle 2 thappad pade hai. I dont think so without any good news now this market can sustain at this levels.

Nota

47620 will be very important now. Above it's bullish & below it will become bearish again.

Nota

Still the view is intact.

Nota

48000 will act as biggest resistance. If it's crossed. market will become super bullish.

Nota

Market should hold above 48200 levels now. Below it will be only bearish.

Nota

2 scenarios building up now if market sustains above 48200 there will be resume of the bullrun again. See basically if you dont change your view time to time. You will be dead in this market. But i am still saying level to level play will be only win in current market.

Nota

Started trading below the belt(48000). Fall can come if it dont relaim this level again.

Nota

complete sideways market. Inside day candle forming. Shortcovering move possible above 48000

Nota

What a move.............

Nota

Game is just begin. Sell on rise market coming till the budget.

Nota

Finally 47000 Target1 hit.

Nota

Gun shot move can come below 47230

Nota

Banknifty still considered as a deadcat bounce untill it gives upside follow through tomorrow.

Nota

Bulls are defending 47500 levels.

Nota

Target 3 in one day

Nota

Only 500 points left in my target

Nota

45000 can come. Still 1000 points fall pending in the BN

Nota

500 points pending now.

Nota

Nearly 2500 points fall in BN in a 3-4 days time. Not a joke guys.

Nota

Kya bolti hai janta.

Nota

Big blow. All given targets hit.

Nota

Follow this anaysis now. Can see 500-700 points fall in midcp nifty soon.

Nota

Banknifty looking bullish now. Please follow this analysis now.

Nota

Further extension to this bearish view.

You must have seen above comment. Therefore if market will gapdown on following monday 5th feb. I will become bearish. Please follow this analysis if market gapdown.

Banknifty again becoming stealth bearish

Trade fechado: objetivo atingido

Nota

Please follow this for more updates.

Target2 already come from this.

ashishhc

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.