The Banknifty recently completed a consolidation phase, forming what appears to be a bullish pennant pattern on the price chart. However, it's important to note that the presence of this pattern alone doesn't guarantee an upward price movement. It is crucial to consider that the market may experience a price correction around the 44730-44750 range, which is a...
Banknifty Bulish Expanding Triangle
Today Banknifty break all time High. It's an historical moment of Indian Economy as well as bank nifty Index. As per the chart pattern Banknifty trying to break all previous highs including today.
This is all time high position now briefly understand the position where we are---
Upper side no resistance only at 43900...
👉Banknifty head and shoulder pattern
👉Base of the shoulder also form at support levels 41200
41200 brack down took half quantity
👉Another support at 41120 if it Brock down build another half quantity
👉Target near 40800
Have a happy trading day 🥰
Today will be gap down opening in banknifty. After opening expected further downside upto 34550 level and this can be extend upto 400-500 points in case banknifty starts trading below 34450 level. Upside rally only expected in case banknifty sustain above 35050 level.
view is still bearish on banknifty but now as expiry is just hours away risk of flat market is very high
Selling CE won't give big profit and buying PE can go zero if market remains flat
Today my view on Banknifty is bearish. I am expecting a really good move in the second half of the day which should be caught by my system; here's what it looks like:
In this chart we've marked 2 price levels which have been determined based on previous day high ( PDH ) and previous day low ( PDL ) of Banknifty . The zone between these two price levels is a...
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(09/06/2022)](https://s3.tradingview.com/e/ExRMtnlF_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(09/06/2022)")
