BankNifty target 28345 nearby and pullback with time

Previous support existing at 28530
and intraday target 28342 of Chanel.

Finally, intraday support is at 28340 nearby.
We may see a pullback 11 o clock nearby.

  • Long term tight channel since 2016.
  • 3 excesses at the value and one excess at value low.
  • 5 waves are completed.
  • A previous Resistance and Wave(3) at 28227(can be upcoming support).
  • 50 days moving average is at 28080 nearby (too far for work as support).
  • Measurement of all falls mentioned in the chart, as per this measurement expected current until 13th Aug 2019(approx. plotted).

Conclusion: From a longer perspective, there is a still Problem in Banknifty,

Updated at 9:35 AM 31st July 2019

PLAN A : SELL BANKNIFTY AUG future 28935 nearby and stop loss 28950 above fort targets 28725 and 28465-28500 intraday

PLAN B:


Detection Turning candle at value low (low of Channel). Normal pull-back should be above 11120 above on spot nifty.

Real support of the channel is at 10958 nearby. We have seen two recent Candle which is sign for PULLBACK . I was expecting pull-back after 11 o clock. 

TRADE PLAN A: Buy NIFTY future Aug. 10915-10950 with stop loss of 10900 and targets 11125-111227

TRADE PLAN B: BUY NF aug. 11035 above with stop loss 11000 for targets 11125-11145 and 11190

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How will you decide next move for NIFTY?

We are winner of NIFTY researches all times.

HighLight tail with Yellow color at value low.
 -> Tail detect each time when price taken U-turn.

Wave counting 5 are completed.

Gravitating price is at 11340 as a target.
(suppose to close above 11357, then the next target will be 11468 (more than 90% probabilities).

We may face Resistance at control price 11340 nearby, for target 11189.

95% chance to win if create a TAIL at value for U-Turn. Bullish Candle: candle closed of previous 3 candles.

To see the following Researches, I suggest you take some time important for you.

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Sell in the zone 11300-11325 with stops above 11364.
Targets  11200 and 11136

 

30th July updated in 2019.

Intraday target 11268-11284 and control can attract nifty toward 11334 very soon. Look at below intraday chart.

Wait more update shortly.

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Will Nifty repeat the History for U-Turn?

We’re winning in NIFTY and BANKNIFTY too. Let look first on NIFTY today,…

First Look at yellow highlight candle with long shadow at ATTENTION part(i) and same formed on ATTENTION part(ii).

Now, pay attention to the whole part (i) which has a downtrend, same part (ii) is in a downtrend. I have marked with a light pink circle which almost common in both parts.

After the long shadow candle, started U-Turn in part(i). Turn your eye on part (ii), Now you will find that U-Turn can start about here.

The following points can validate the U-Turn or NOT.

  • The price will not fall or stay below 11225.
  • In case, little gap up, then price will not break, 11240.
  • Price should be traded 11320 above after 3 o clock.

Upcoming news should be considering:
Friday 26th July 2019   5:00 PM : Forex Reserves for 19th july
Wed 31st Jul 2019  5:00 PM : Infrastructure Output for June
Wed 31st Jul 2019  11:30 PM : USA Fed Interest Rate Decision
Thu 01st Aug 2019  10:30 AM : Indian auto sales numbers

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Support And Reversal Point For NIFTY 11200 Nearby

For SUBCRIBERS: We have enjoyed yesterday PCJWELLR bought. And Reliance positonal call target achieved

  • The 200 MA at 11130.
  • A “Consequence zone” of all 3 fib. Retracement at 11502 nearby.
  • From the Fib. In retracement(i) and (ii), we detected 3rd Fib. Retracemet at 11200. (This is the expected bottom OR reversal level).

Point 1) Look at Fib. Retracement (ii) at start point, which is exact at 61.8% of Fib. Retracement.

Point 2) Now, loot at the Fib. Retracement iii) closely from start point to 32.8% “the first leg” and pull back was toward the exact 61.8%.

Drawing of Fib. Retracement is important, therefore Point 1) and 2) is proof of true drawing.

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There Is Not More About BANKNIFTY Expected Channel Support

Everything is mentioned in the chart

On Jul 18 2019 mentioned that Resistance(30840 nearby) available.

There is still more in small 4 channels of trend is up while 5th Channel is a flat trend.

On the date Jul 14 2019 BankNifty at support of channel

  • Banknifty also difficult to understand as wave movements.
  • Price is near the channel support.
  • Smaller positive new can boost banknifty to upward from the value low.

Banknifty is positive which indicate the direction is not clear and market waiting for news.

We have also gone to smaller time frame to get more confident for the way.

We detected 5 channels in recent created.
After breaking the channel, we have seen a minimum 1000 points move.

We are standing at the ending of the channel, ready for minimum 1000 points move.

Considering this, you will find two Flag Patterns which are indicated by a black line with an arrow. If you observe closely flag-pattern (i), and then you can clearly see a picture of the future if not wrong anything.

What we have mentioned in the past has verbatim followed, you can check out above charts also for clear perceptive.

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Channel Pattern Closed out for NIFTY?

Pattern CLOSED?
As per our Theory, 5th wave always give you fired move as seen past. You can also check perfection on BANKNIFTY too.

If this is an excess of channel, then target is 11650 nearby and Resistance 11666.

–> Let us remind you.
On the date, Jul 12 2019 channel first drawn by us.

Exactly NIFTY was moved to (4) and U-Turn has taken directly to control price.

Jul 15 2019, In the chart it was pointed out (5) wave on this chart.

Finally, (5) wave was printed on the date of Jul 17 2019 and Taken Resistance.

Do you think that IS THE CORRECT visualization?

You can see in this chart today’s NIFTY move, it has exactly followed our words moved exactly to the same things we have mentioned.

Accurately happened what we predicted. Channel Was closed out.

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