rashminbhanderi

rashminbhanderi

The weekly chart for NSE:BANKNIFTY shows a significant bearish candle, indicating potential downside pressure. Meanwhile, the daily chart exhibits a succession of red candles, suggesting sustained downward momentum. Considering the current scenario, the risk-reward ratio for initiating further short positions seems unfavorable. Therefore, it appears prudent to...

rashminbhanderi

The NSE:BANKNIFTY remains within its channel range, making directional trading challenging for positional traders. With the nearest resistance at 49000 and support at 47000, a calendar spread within this range seems favorable, especially considering the upcoming election results and the current low VIX levels. In the event of a VIX increase, the calendar spread...

rashminbhanderi Updated 

NSE:BANKNIFTY on a weekly timeframe is trading in the channel, unless we get a breakout or breakdown of the channel it won't be easy to find a good trend on either side. With geopolitical tensions rising and looking at the charts and the fall in NSE:BANKNIFTY last week there will be selling on every rise. The preferred way to trade this will be selling 48500...

rashminbhanderi

On a weekly Time frame, BankNifty has formed an indecisive Candle. On a daily time frame, it has been created an inside candle. On 15 min TF, 38150 levels has been tested multiple times, we can take entry when it breaks and starts trading above 38150 levels. On the downside, if it breakdowns the trendline we can short BankNifty for target of 37450 / 37250/ 37000

rashminbhanderi

HDFCBANK is forming a cup and handle pattern on a daily time frame. The cup and handle are considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks Expecting good upside move in HDFCBANK Target 1465/1480/1500

rashminbhanderi

Banknifty has been giving closing at almost the same level for the past 3 days, expecting a big move tomorrow. if opens flat, Once PDH is taken out, we can buy Banknifty for a good upside move. To play on the safer side We can wait for the market to consolidate between 38000 - 38180 and then give a breakout. If BankNifty breaks 37700 level, we can short Banknifty...

rashminbhanderi

If bank nifty opens 150 points gap up then we can buy for target of 38700. Reason: till now bank nifty had given a rally without the support of hdfc bank, now hdfc bank is about to fill its gap which can lift up bank nifty again. Also, Kotak bank is near breakout. bank nifty is buy on dips till 37500. we can short below 37300 for target of 37000/36800

rashminbhanderi

If bank nifty opens flat we can look for buying opportunities above 37520 for a target of 37800 If bank nifty opens below 37200 we can sell it for a target of 37000 / 36850 We can expect a good up move above 38000, however BN can remain sideways before giving a breakout.

rashminbhanderi Updated 

On a 15 mins TF, BN has taken support at the trendline multiple times, a breakdown below it can give a good 200/300 points move downside. On Upside if PDH is taken out we can expect a good upside move in intraday

rashminbhanderi

A breakout above the supply zone for the target of ~34300. Possible Gap Filling

rashminbhanderi

Good up move after consolidating in the support zone / demand zone

rashminbhanderi Updated 

Long Bharti Airtel Short term Targets: 540/550

rashminbhanderi

Inverse Head and Shoulder pattern in Nifty

rashminbhanderi Updated 

If Bank Nifty breaks today's low then a good move around 32800 is expected.

rashminbhanderi Updated 

50 DEMA broken Target 1 - 577 Target 2 - 555