Exactly Seen Seller Action On Banknifty

Detected Tail: price rejection with sellers activities.

A box which was drawn after the tail is sellers area. If price surge with above it and we see the again tail will confirm of selling 28310 nearby.

I ll update later accurate target.

BANKNIFTY target updated on 2:00 PM 28th, AUG 2019

In the last update written to sell banknifty 28310 nearby but, I did not mention target and told you that will update shortly.

Banknifty made high 28245 and started fall down.

Target banknifty 27743(trendline support) and breaking / staying below it will be a target at 27605.

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The spot NIFTY : Trade Setup for Monday

There’s two PLAN for trade.

  • PLAN A: (Trade with Risk) Short Sell 11028-11057 with stop loss of 11067 for the targets 10911 and 10822
  • PLAN B: short 11100-11125 nearby with stop loss 11158 for same targets 10955 and 10822

Only above 11195 above, Positiveness expected, otherwise, the possibility to move 10800-10650 (New low).

NOTE: actually, alway buy at excess when it at value low, but presently we have created short plan because resistance.

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Report Of NIFTY With Daily Chart And Intraday Chart

The spot nifty is following channel of 15 minutes chart.

Reference of timeCycle(i), We have projected timeCycle(ii) for the target (4rth wave) at 11280 expected 20th AUG 2019.

The control price also can gravitate the price toward 11280, if this 3rd wave is clear.

Worry about long traders 10923 below. Suppose to break this level will create heavy short position.

An excess(iii) has been found value high, therefore expected excess(iv) at value low which is still not created. As per this statement, the Fall is still left.

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Who will start short selling on Asian Paints?

On the “Asian Paints”, we have seen buyers and spike up but now this stock is trading at “EXCESS”. The excess area is high probability to act buy or sell. In this case, this stock is created an excess at value high which means we can start selling. Another sign and a good thing for selling is TAIL found on the top.

  • The price is trading at Value high.
  • Created TAIL on the top of the channel area.
  • Already seen buyers as FII, Smart Money, Fund-Managers etc. whatever you call them.

Conclusion: We are going to see PROFIT booking on this stock.

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Target of BANK NIFTY using channel

After the long TIME, we are going to update BANKNIFTY for you FREE.

Target for BANKNIFTY 28309 and support from channel 27736. If we are moving toward the target, BANKNIFTY will not test support.

Update on 16th AUG. 2019 (time 11:00 AM))

Support has been taken by BANKNIFTY with low of 27722 and Our support was given at 27736.

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NIFTY channel on 15min chart for buy sign

We have enjoyed last more than 150 points on NIFTY AUG. CLICK HERE TO check.

Channel support 10996 and “control price” support at 11069.

Target is 11264 as per daily chart of gravitation.

What should be the entry point?

Trade 1: BUY Aug NIFTY future. 11015 nearby with stopl loss of 10975 below and targets 11140-11167 and 11222-11300.

Trade 2: BUY NIFTY AUG. 11000 below with stop loss 10975 below and target 11100-11165 and 11222

There are also support for banknifty.

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