BANK
#BANKNIFTY UPDATEWe were long in banknifty since a long time; I have been trying to keep an update on the levels. Now, since it is moving a bit in range since sometime, it is not showing clarity for wave counting, it could be some wedge\ending diagonal. Never mind, right now it seems bullish for 30860/31120. 30860 can be touched on Monday itself, and if opens gap up, then it might open around 30860 itself. This time will not keep big targets upside.
See my other charts for such simple analysis and highly accurate setups.
Link for previous banknifty ideas below.
Banknifty for tomorrowNSE:BANKNIFTY
Key levels are 30800, 30650, 30600. at least 1 breakout or breakdown is expected .
09/11/2020 Confirm Breakout on Bandhan BankBuy @ CMP CURRENT MARKET PRICE
First Sell Target @ 400
Final Sell Target @ 420
KOTAK BANK TAKING SUPPORT FROM 50 EMA IN 2 HRS ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
IT IS TAKING SUPPORT FROM 0.5 FIBO LEVEL AS WELL AS 50 EMA IN 2 HOURS TIME FRAME. IN 30 MINS IT IS GETTING SUPPORT FROM 200 EMA
BUY ABOVE 1840 OR SELL BELOW 1800; DEPENDS ON THE BREAKOUT.
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Bank Nifty 07/12/2020 30 min chart basis Technical analysisAs per 30 min chart technical analysis , my own idea is bank nifty will come to down
morning first 30 min it will reach (5th wave) 30449 then second 30 min retrace 3 rd 30min may forms touch the previous high 30449 then it may come to downward .
This is reference for awareness to loss Becare
AXIS BANK LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
620-622 CAN ACT AS GOOD RESISTANCE; SELL IF THE STOCK IS NOT ABLE TO BRREAK THE LEVEL WITH VOLUME
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING
Axis Bank PositionalBreak and re-test with volume pattern .
An up-move till the next important price zone is expected (36 to 40%).
Bank Nfty analysis elliot wave formationbank nifty is forming a elliot wave formation.....right now bank nifty is in consodidation mood....if it break the first trendline..thn we can see downfall upto 29000 and thn to 28000
yes bankYes bank turns a buy for MACD Indicator as Care has upgraded the various bonds , can place assurance upto certain time on Yes bank Right time to buy target 25.30 for long term
MARUTI IDEA CONTINUATION - NOW ON 4 HR FROM DAILYWITH CONTINUATION FROM DAILY TO 4 HOUR TIME FRAME -
THERE SEEMS TO BE DESCENDING TRIANGLE FORMATION
CURRENTLY ITS TAKING SUPPORT @ TREND LINE OF FORMATION
A BREAK BELOW - FALL WHICH WILL COINCIDE WITH DAILY FRAME ANALYSIS.
IF NOT CAN GO BACK TO RETEST NECK LINE
ON WATCH-LIST NOW
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