Bank nifty has been in a channel for quite some time now, accompanying nifty, but presently it is in a rising channel annd it is expected to respect the trendline by taking support rom this level on, intraday leveks are mentioned on the chart.Trade at your risk and consult your financial advisor before taking any financial risk.
Can expect BNIFTY to cross 35600 in coming days, if global and domestics cues are positive, it is taking support of 20 EMA .Rising RSI.
Please take long positions carefully.
For Educational purpose only
#banknifty analysis for 29th April:- Expiry
Decision Zone:- 33,469 - 33,633
Resistance Zone:- 33,990 / 34,197 / 34,407 / 34,644-34,918
Support Zone :- 33,500 / 33,320 / 33,085 / 32,825 / 32,500
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the...
As the upcoming budget is on its way, we got 10 trading sessions before that and after that, we can expect a clean directional movement.
the market is very volatile right now, it's better to reduce your risk and position size.
H&S pattern is on its way hope it makes sense.
#NO one can predict the right-hand side of the market accurately.
Such Powerful Signals in Banknifty. Landing at perfect timings. Please check the graph. Problem Solved. Friends earned money through it. I am happy for all!. Thank you guyz!. Please check yourself to join ...
I hope you can now see how BANKNIFTY represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...
Last Week 1000+++ point fall and closed near 0.38% Fib Level...Breakout of 29200 then can see upside movement for next levels 29600,30000,30400
Breakout of 28900 then can see downfall for 28600, 28200, 27500.
Imp Zones - 29650-30000(Sideways), 29000-28700(Sideways)
Major downfall expected if not able to break upside 29200 on closing basis.
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NIFTY: Nifty took beating from the bears in the last two sessions. Now at a very key juncture, a break and close below the 12000 levels have shattered the physiological support levels, still the bullish nature is not wiped out fully, if the fall continues the index may tumble to 11420 levels, again the levels I am mentioning may be vague & outrageous but still...
BANKNIFTY: Selloff was dominant on the last two sessions on daily charts. After the RBI policy, weakness took over resulting in a sell off. Prices closed below the TS line almost after 45 days of holding it. A minor support has been given away. The next key support zone is close to 30790 levels, the index is expected to take support here, breaking this key level...
This value area channel has completely in tight trend.
Support at 30234 nearby exists which can react with smaller penetration.
There is require big -ve new to break this channel, therefore I am thinking for U-Tur n nearby the support.