I always follow the KIS (Keep It Simple) principle in my trading. I simply trade what my chart says.
Bank Nifty has been trading in an upward rising channel. So, which side to choose (bullish/bearish) is self explanatory.
But, let me just put it out for you. As you may see on the chart that the upper channel line is acting as a good resistance and the lower...
Prediction: Since there is Jackson Hole Event, chances are that market wont leave their position open. Hence, there are high chance that we see Bank Nifty down tomorrow. Further, 35600 is important support. Next support will be 35350-00. Below 35300 don't forget to short with SL 35375.
Pattern: An ascending triangle is a chart pattern used in technical analysis....
Currently Nifty Bank Has Fallen Like Anything. But Look At The Magic Of Harmonic . It Met With The 0.886 PRZ in And The Fall Has Stopped.
But In Case We Break That Level i.e 30600 And Close Below That In Daily Time Frame. We May Fall Till 29000 -28648.
But Chance Are Less As It Has Fallen Too Much. Now If You Choose To Look For Ultra Longs In Intraday Between...
Second chart from the series of taking a look at the week that was in BankNifty. This week was very bullish trend in the market.
This chart indicates the overall breakout of the BANKNIFTY from it's bearish trend.
The previous two trading sessions have been studied in the below chart.
October 6th Trading Session
BULLISH MOMENTUM IS CONTINUED FROM...
Currently sitting at a support zone of 22280-22300. Break below this can take us to 22090. Above 22300 we have 22505, 22650. Have a look on the chart for the support and resistance levels.
Share your opinion in the comment section below, and like and follow for daily market analysis !
Professional Trader | Experience: 2.5 Years
NOTE: The above mentioned views...
Decision points above 22800+ bullish or below 22400 negative. Let's wait and watch 😊
Disclaimer:- your capital at risk. Take your financial advisor advice before any action or do own analysis.
Let's Learn and Earn. Elliot wave mostly if identified correctly helps in discovering important psychological levels.
Bank Nifty
Second waveform can start and wave 5 for previous wave form is complete with correction of ABC. Today's last 15 min start of new likely wave of Bank Nifty is beautifully mapped on 15min Chart for your consumption.
Also if it enters...
Hello,
In previous week Bank Nifty filled the one pending gap @ 31800-31870. After all time high BNF is making lower low and higher low.
In this week important 1st important level to hold is 31050-31150 and 2nd is 30600-30650. Below 30600-30650 it may test 30350-30400-30450 which is a next strong demand zone.
If BNF will hold 31050 and 30600 then it may trade...
Hello,
Please find the Supply and Demand Zones in the chart.
My Intraday Plan:-
1. If it will sustain above 311350 then I may take a long position for the target of next supply zone.
2. If it will not manage to sustain above 31050-31150 then I may sell 30500 Put because it's not easy to break and sustain below 30450-30500.
Trade Well
As I mentioned my yesterday post that, I will sell BNF 31300-350 zone or 31450-550 zone or sustain below 30900 but today trading range was narrow and near minor support zone. So today was a trade free day for me in BNF.
Today One thing changed that it has broke its previous bottom @ 30900 and mane a new low @ 30862.
Now very strong support zone @ 30500 on daily...
Hello,
BNF strong demand zone @ 30500-30800. I will prefer to short on bounce.
I will make a short position if it will come to 31500.
I will make a short position if it will sustain below 30900.
If it will be sideways that I may sell 31500 call
NSE:BANKNIFTY
BankNifty RSI closed below trend line
price closed at support
26500 will act as major support
below this another 600 - 900 fall can be possible
![BANKNIFTY: Science Backed by Data[Bank Nifty Series]: BankNifty new wave ?](https://s3.tradingview.com/d/Dp8mzokW_mid.png "Science Backed by Data[Bank Nifty Series]: BankNifty new wave ?")
