Mentorship

Bank Nifty: Bang on!! with Neo wave with Price action.

bank nifty analysis bank nifty breakout patterns bank nifty price action bank nifty support & resistance levels bollinger bands in trading neo wave trading strategy wave theory in trading Jan 20, 2025
banknifty-using-price-action

Neo wave along with price action helps to form powerful setups with good accuracy. We anticipated a rise in Bank Nifty. The index moved precisely as expected!

Neo wave is the GPS of the market that helps to understand the overall maturity of the trend. Neo wave is a method that is used to identify price pattern and predict market movements. Bank Nifty has been moving precisely as per neo-wave counts. Check out this example of how we applied Bollinger Bands and Neo wave to identify this rise of more than 650 points and made a high of 49374 levels.

Bank Nifty moved as anticipated and Bang on!! We achieved both our targets in one trading session.  Following research is picked up from the daily Agni Bank Nifty report

Bank Nifty Daily Chart: Anticipated as on 20th January 2025
Bank Nifty Hourly Chart: Anticipated as on 20th January, 2025
Wave Analysis as on 20th December 2025:

In the previous week, Bank Nifty witnessed a pullback of more than 1500 points after a steep fall witnessed in the Index. In Friday’s session, the Index failed to extend its gains and witnessed a gap-down opening majorly due to disappointing results announced of Axis Bank, which was against market sentiments. The index witnessed selling in the initial hours. Thereafter, failed to show any significant movement and moved in a tight range of 48300 to 48700 levels throughout the session. At the end, the Index closed with a loss of -1.50% at 48540 levels.

As per the wave perspective, primary wave c(blue) is ongoing on the downside which is further subdividing in nature. Wherein, the recent pullback was in the form of wave d and now the fall is in form of wave e of a diametric pattern.

In a nutshell, Bank Nifty is at deciding point. A break below 48300 levels can further intensify selling towards 48100 followed by 47900 levels. On the upside 49100 levels is the nearest hurdle.

Trade Strategy(spot)-. Long positions can be created above 48700 with the stoploss of 48500 and target of 48900 followed by 49100.

Trade set up for Futures – Futures positions can be initiated as per spot levels given above.

Trade strategy for options – Buy Bank Nifty 30th January 48600PE If Bank Nifty breaks above 48300 levels.

Bank Nifty 15 Mins chart: Happened as on 20th January 2025
Happened- As we were expecting short-covering on the Index and Bank Nifty moved precisely as expected prices showed a sharp pullback on the upside and Bank Nifty moved as we anticipated and BANG ONN!! It successfully captured a move of more than 650 points and achieved both our targets and made a high of 49374 level.

It is fascinating to notice how Neo wave works well on stocks as well as on indices. One can easily derive the path ahead by combining it with simple indicators which can lead to surprising results!! 

Brahmastra (Mentorship) – Learn the science of trading with complete handholding and live trading sessions, along with stock selection algos and options trading combined with Neo wave strategy, Know more here

Trishul Membership – Options Trading with Elliott wave, Neo wave, Ichimoku cloud, and sacred science of trading & forecasting is covered in the Trishul membership program scheduled on 25th – 26th January & 22nd – 23rd February. Fill out the form below for more details