BANK
Banknifty intraday setup1. Long after key zone upside
2. Short after key zone down side
Other wave projections are mentioned in chart (trade based on market opening)
Bank Nifty formed a 'Head and shoulders' inside a rising wedgeThere is a 'Head and Shoulders pattern visible in Bank Nifty in confluence (which joins) with the lower trend line of a rising wedge.
All the major banking stocks either went sideways or showed bearishness on June 1st 2021 too.
Hence below 35420, Bank Nifty might be bearish.
PS: I am not a SEBI registered advisor. Enter or exit in trades after reaching out to your advisors or at your own risk.
SBIOn trendline breakout, go long
Good Support at levels of 419
20 ema support also taken
Target 1 - 437
AU SMALL FINANCE BANK SHORTAn inverted Cup and Flag Formation can be seen in the daily chart. RSI trendline suggests that it may fall in upcoming days. MACD is showing momentum, but still in negative zone. (OPEN THE CHART FOR DETAILED VIEW)
AU SMALL FINANCE BANK looks weak if it breaks below the flag formation.
Thanks
FOLLOW IF YOU LIKE IT!!
Banknifty intraday setupUse 5min Frame
Expecting narrow sideway market
1. Long only above upper key zone
2. short after upper key zone for small target
Possible 6 waves projected trade according to market opening
BANKNIFTY Weekly LEVELSUse 5 Min frame
1. Long from upper Key level
2. Short from lower key level breakout- minimum Target only
BANKNIFTY Weekly LEVELSMagic Lines:
All supports are not for buy level. As like all resistance are not for sell levels
After long research and back testing we find which S&R is for sell level & which S&R is buy level.
In that result we give the pure intraday levels in charts.
BLUE LINE ARE BUY LEVELS
ORANGE LINES ARE SELL LEVELS
IF OPENING 15MIN CANDLE TOUCH BLUE LINE GO FOR LONG/ IF OPEING 15 MIN CANDLE TOUCH ORANGE LING GO FOR SHORT.
There are 10 different pattern for getting entry in market with this line if anyone interested please command below ...
Federal bank buy for 97 Federal bank cup & handle pattern formed in weekly time frame. Buy and hold for 97
IDFC First Bank For Swing TradingIDFC First Bank is in a bullish momentum.
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If its Break 60.15 resistance, it can easily reach 68-70 .
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You can buy this for swing trade purpose after the Breakout.
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Keep learning keep earning.✌️
wedge patternRBLBANK- short term trade setup for RBL bank - Buy above 200 for target 218- sell below 189 for target 171
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion or query regarding this analysis
THANKS
bank of baroda mystery open longBank of Baroda in monthly ,weekly and
in daily time frame is forming cup pattern
if all go well as per technical of Bank of Baroda
very soon level of 92 than if handle forms it may correct upto 88-86 and
than after 92 level we can see breakout
upto 110-115
strategy upto price level 90
sell put @5.75
buy BOB fut @80
comments welcome
mcpriceaction
Confluence and Confirmation in Kotak BankTriangle pattern breakout near confluence area. Can zoom till 1990 levels!
Banknifty intraday setup1. long after upper zone breakout and trend ling breakout
2.Short after lower zone and trend line breakout
HDFC BANK LONG It makes a clear inverse double bottom pattern that is going to prepare for a good upside breakout so we can see upside in the near term that also leads bank nifty.
Kotak Bank Confluence ZoneKotak Bank at a very intresting place. The breakout on upside can make it see 1990 target. Also the the brekdown of 1685 can make it go to even 1600 number.
Banknifty Bullish trend for June 2021 Hi trade mates!
Yes, the trend is bullish for the month of June 2021, considering the market analysis, technical support on Nifty, and reduction of corona cases.
Wait for 35250 levels, if it breaks then 37000 for sure!
Meanwhile don't try to carry forward your trades, it's highly risky in this volatile market, especially for BANK NIFTY.
Your premium may erode due to time decay, try to close the positions On or before EOD.
SOME Ideas for Stock options are coming up !! Follow and get Notified!
BANKNIFTY Weekly LEVELSMagic Lines:
All supports are not for buy level. As like all resistance are not for sell levels
After long research and back testing we find which S&R is for sell level & which S&R is buy level.
In that result we give the pure intraday levels in charts.
BLUE LINE ARE BUY LEVELS
ORANGE LINES ARE SELL LEVELS
IF OPENING 15MIN CANDLE TOUCH BLUE LINE GO FOR LONG/ IF OPEING 15 MIN CANDLE TOUCH ORANGE LING GO FOR SHORT.
There are 10 different pattern for getting entry in market with this line if anyone interested please command below ...
Banknifty on Multi TF, Bullish#BANKNIFTY
Looks filled with too much power on daily and 2H time frames to achieve All time high levels.
It has formed very nice candle on weekly time frame too.
If it opens gap down on next trading session, it should take support @3436-34080 which was a breakout level on 2Hr TF.
Overall it looks to trade in long position rather than a short position.
Incase of big gap up or gap down, should wait for making position.
***ALWAYS DO YOUR OWN ANALYSIS BEFORE TAKING ANY TRADE***
Banknifty in parallel channelNSE:BANKNIFTY
bank nifty is in parallel channel, wait till the market comes @ sopport area(lower parallel line) the you can go long, with good R2R ratio, stoploss would be plased below the support line.
But don't SHORT the market @ Resistance line(upper parallel line) because market is in uptrend, so try to cath the Dips
