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Sep 14 • 4 tweets • 4 min read
1/Quick review of Banking stocks:

#HDFCBANK: BO of the range
#ICICIBANK: Fresh ATH
#SBIN: Fresh ATH
#KOTAKBANK: Nearing BO level ImageImageImageImage
2/ Rest of the banks:

#AXISBANK: Although nearing BO, it might consolidate a bit before continuing the trend.

#PSUBANK: BO on monthly TF so good returns on this sector as a whole can be expected. ImageImage
3/ATH in #BANKNIFTY

From the above charts we can see all the banks are either near ATH or already trading at ATH.

Infact even the PSU Bank sector has given a BO on monthly TF.
4/Past analysis:

Hence, as per our weekly #BANKNIFTY analysis, we can soon see a fresh ATH in BNF as well.

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More from @niki_poojary

Nikita Poojary Profile picture
Sep 11
#BANKNIFTY
Markets continued the uptrend and marked a fresh closing high on monthly basis.

Outlook for the week Sep 12 - Sep 16, 2022.

THREAD: Deconstructing BANKNIFTY on 5 different TF's.
#BANKNIFTY

1. Monthly TF:

• Third consecutive month of upmove, although Sep month has just started.

• Buy on dips market

• Expecting a halt candle in the month of Sep 2022
#BANKNIFTY

2. Weekly TF:

• Witnessed a strong closing in the past week.

• The 2nd tgt for the channel BO is pending which will take few more weeks to achieve.

• Closed >40k for two consecutive days.
Read 8 tweets
Nikita Poojary Profile picture
Sep 11
Some people who claim themselves as the messiahs of retail traders do not have the basic decency and end up sharing the screenshots of personal DM containing sensitive info out in the open, which was shared with them in good faith.
These people do not belong to the trading fraternity as these troublemakers have only one agenda of attacking successful people.

This kind of behavior stems from just being frustrated with their own performance as they are incompetent &are only jealous with other's achievements.
People who blindly support such troublemakers by retweeting and liking such tweets are gullible.

The troublemakers, concluding that we are fake, don't have the courage to publicly apologize for their false allegations.
Read 5 tweets
Nikita Poojary Profile picture
Sep 10
Are you struggling to trade an Inside Bar set up?

Here are the 10 powerful points that will help you to take better trades using the Inside Bar set up : 🧵

Collaborated with @AdityaTodmal
1/What is an Inside bar (IB)?

• A two-bar price action trading strategy in which the IB is smaller and within the high to low range of the prior bar.

• The previous candle, aka the mother bar is huge.

• The following candle is within the mother bar, aka child bar or IB.
2/ Significance of IB:

• IB depicts consolidation in a market.

• IB formation on daily TF will look like a symmetrical triangle on an hourly or 30 min TF.

• Usually formed following a strong move in a market.

• Typically IB is a pause candle before making its next move.
Read 15 tweets
Nikita Poojary Profile picture
Sep 4
#NIFTY

Our markets are opening with a gap down due to imported weakness, however it recovers strongly during the session.

Lets see what's in store for the upcoming week.

Outlook for the week Sep 5 - Sep 9, 2022.

THREAD: Deconstructing NIFTY on 5 different TF's.
#NIFTY

1. Monthly TF:

• NF rallied by 15% in the month of July & Aug

• Bullish on higher TF.

• However NF is facing a resistance (black TL).
#NIFTY

2. Weekly TF:

• Post the formation of shooting star the high of the same is not taken out yet (in fact lower high formation)

• On a higher TF, expecting NF to make a fresh ATH.

• However, NF is still consolidating within 17150-18000 range.
Read 8 tweets
Nikita Poojary Profile picture
Sep 4
#BANKNIFTY
Our markets are opening with a gap down due to imported weakness, however it recovers strongly during the session.

Lets see what's in store for the upcoming week.

Outlook for the week Sep 5 - Sep 9, 2022.

THREAD: Deconstructing BANKNIFTY on 5 different TF's.
#BANKNIFTY

1. Monthly TF:

• Post a bullish marubozu candle, we are witnessing a follow-up trend on the upside.

• Bullish on higher TF.

• In the month of July & august 2022 we have witnessed a rise of ~20%
#BANKNIFTY

2. Weekly TF:

• Witnessed a strong closing in the past week.

• Currently consolidating within the 2000 point range, since its near the resistance we are expecting a BO

• However always better to wait for a confirmation before taking the trade.
Read 8 tweets
Nikita Poojary Profile picture
Sep 3
Some people think technical analysis is useless. But we use technical analysis in all our trades.

Here's a list of 13 technical analysis books to help you learn and grow: 🧵

Collaborated with @AdityaTodmal
1/ Stan Weinstein's Secrets for Profiting in Bull and Bear Markets.

The ideal time to buy/sell, using the best long-term indicators to spot Bull and Bear markets Odds.

Author: Stan Weinstein.

amazon.in/Stan-Weinstein…
2/ Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market.

Selecting precise entry/exit points, preserving profits, and getting consistent 3 digit returns.

Author: Mark Minervini.

amazon.in/Trade-Like-Sto…
Read 16 tweets

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