BANKNIFTY Don’t overlook the BLUE channel, which is still active.

Yesterday great for subscribers, We sent many calls since 15 days. All  subscribers are enjoying it, BUY NIFTY and SELL also, AXISBANK bought, AUROPHARMA intraday sold, BANKNIFTY perfect and point to point prediction, ACC, BHARTI AIRLET intraday bought, ZEEL future, TCS, ESCORTS etc..

All are achieved targets and SUBSCRIBERS enjoyed all follow up.

Now here is BankNIFTY spot update for trend identification.

spot-banknifty

The Gravitate price is being played such as magnet which has a yellow color with a number (0) to (8). If you see it closely from left (0) to (8).

We have seen selling and profit booking with high of 30058 which is also written by me. Price is going to hit at “blue-channel-line” which is the point at 29387.

I have written yesterday: Don’t overlook the BLUE channel, which is still active. Therefore, the blue support line pushes Banknifty price to upside 29387 nearby.

Click here
to see more about yesterday what I said.

  • Formed bearish candle which resembles a ‘Dark Cloud Cover’ on the daily chart .
  • The important event of next month.

Below conclusion is from the daily chart:
If weekly close makes slightly higher than today price the continuation of the trend is possible till 32500
any reversal on daily one can look for a fresh entry for the next move up.

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SPOT BANKNIFTY has still target 30000, not believing for continue.

This call was given to our SUBSCRIBERS:
Buy NIFTY 11596-11605 with and target 11657-11679.
Target was achieved.

Have you seen what I had written on Bank-Nifty yesterday?

Bank-Nifty has JUMPED, where from written support was in range 29395-29450 (made low 29437). And, made a high that is 29958. Our Target has achieved today as given yesterday 29977. You can check full detail what was it…!

The Gravitate price is being played such as magnet which has a yellow color with a number to . If you see it closely from left to , you can understand that it will perform as Resistance role for BANK Nifty.

As per the gravitating price, bank nifty has still targeted 30000, and 30032-30078 will be profit booking zone.

The Gravitating price nearby, we might have price rotation OR pullback.

Don’t overlook the BLUE channel, which is still active. If its move 30000, then there is not the meaning of blue channel.

  • A long bull candle was formed on the daily chart.
  • The important event of next month.

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SPOT BANKNIFTY, will not back again? Answer is, Still exist BULLS

Spot bank nifty closed at support.
Last hope at 29211.
Trend line support 29395 – 29450

Even if the trend channel is continuing, and the following possibilities still exist;

  • 1) Gravitate price will attract the value, so long traders have target 29977.
  • 2) The support at 29395-29450 will push the nifty toward to 29700.
  • 3) Last hope at 29211, if bank nifty slip to that will be a pure bearish trend.

The formation of a bearish candle following a bearish Belt Hold on the daily scale indicates that bears are now forcing the market to restrict its momentum.

It can slip the next 1-2 sessions if above is not existing.

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ACC Is Good For Long With Trade Setup

  • Tight value area for ACC.
  • I don’t think that from the right side of excess is the INITIATIVE move, if it’s not then, price back to value area.
  • It will not spend much time out of value.
  • Volume is normal so, this is also single of not break down and price back in trend.

If everything fine, then buy level 1548 to 1578 nearby and stoploss will not be far 1540.

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Plotted breakdown method on INFY with control price gravitating.

Control Price always gravitate value such as 1,2,3,4,5 and 6. We have seen two tails on the right side of the chart at the Value Low area. Gravitation has two to attract the price are plotted in the move(i) and move(ii).

The best value to buy this stock at 710(outside of value low) and 716 for targets 735 and 741.

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Stop taking long position on TCS…! reason behind it?

  • The left side to the right, each excess, have tails before the turn. You can see with both eyes at excess(f) has started to create TAIL which is -ve for long and indicate for reversal of the trend.
  • With Time Cycle analysis, 1st-phase has 43 bars and 2nd-phase and 3rd phase till continue.
  • Turn on your eye on volume, it’s reducing.

Prev. Resistance is at 2194.5, so seller and profit booking can be seen that time with a TAIL.
Short sellers have two points of target, one Control Price target 2117 nearby and prev. Strong support at 2051.

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