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 ...
BANK
BANKNIFTY ON 15 MINS CHARTWe shared about our positive view but we also wanted to share about other pattern that can be possibly formed in upcoming days. It’s BEARISH PENNANT OR DESCENDING TRIANGLE PATTERN. The reason we believe this would work because the nest immediate support that we have is to the equal distance of the area between high n low of triangle. ITS JUST A VIEW. TRADE SAFE.
NIFTY BANK ON 15 MINS CHARTNifty bank is trading below 200 ma and 50 ma acted as a strong resistance for today session with Fibonacci 38.2% level too. BNF is also making W pattern or we can see Triple bottom pattern which is a trend reversal pattern. Wait for the trendline to break above for buying setup. Trade safe.
BANKNIFTY ON 15 MINS CHARTWe posted about bearish setup but what if market actually follow Other market sentiments and shows a bull run. Probably this would be our setup because price is sustaining at 38.2% level. Exactly the same situation that happened today at NIFTY50. After a good fall NIFTY50 had a correction till Fibonacci 50% but BNF is still sustaining near 38.2% level. If there some positive opening we can see BNF trading atleast near FIBONACCI 50% level & later 61.8% level. Plan your trade accordingly. Trade safe.
BANKNIFTY ON 15 MINS CHARTBNF SHORT SETUP
Due to MONATARIUM news and lockdown news Indian stock market saw negative sentiments with high volatility. Banks were bleeding out & there was a panic selling at same time SL’s getting hit. Looking at the USA market(It affect our market) there has been a positive sentiment because of good job reports & fundings rounds. But that won’t really affect our market because it’s their job report. Now looking at some data available with FII selling we are bearish.
CHART ANALYSIS
BNF has been trading below 200 ma, indicating major trend as bearish. It has also formed a Bearish flag n pole pattern & also a bearish wedge pattern with retest. We believe BNF can be under bears control for upcoming days, plan your trade accordingly & trad safe.
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 ...
BANDHANBANK - Long (For a med term investment )Can we expect a reversal?
I am slowly building up my position for a long trade - overall planning to buy some 1500-2000 Eq Share for long to med-term
Presently I am putting on 25% of the expected allocation, with a maximum expected loss of only 1500-2000 Rs. Note I am not buying futures, I am doing with Eq shares only - so that I can slowly build the position.
Will see, nothing specific - just a good pattern and entry with a small SL.. :)
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
This is for a med to long term investment only, its not a positional or an intraday trade, as I used to do normally
KTKBANK, KARNATAKA BANK,W , 20% +30% = 50% gain opportunityKarnataka Bank, about to form inverted Head & shoulder. As banknifty looks bullish , It may give a breakout even before forming a pattern.
All levels are marked on the chart.
I can see the opportunity to gain 20% very soon, after that it needs to cross the 200sma and Trendline resistance. then more upside around 30% in the coming months.
PS: All analyses are for educational purposes only.
Nifty & Bank-Nifty view for 30.03.2021Dated 30.03.2021, Good Morning Friends
Spot levels VIX-20.65
FII-₹50.1 Cr, DII +₹1,703.1 Cr
Nifty Cmp 14507
PCR -1.55, RSI -43.52
Resistance ,14660,14735-760, 14790-14810, 14875-14925
support ,14500
NIfty has strong resistance at 14750-14790
B-nifty
CMP 33318
PCR-0.86, RSI-40
Resistance : 33550-33620 *33950-34050* , 34350-34420-470
Support :-33300, 33180,33000
Bank nifty has strong resistance at 33950-34050.