The dark Violet marked line is our reference moving forward. The whole up-move is truncated now. But Dow Top is yet to form. We need to wait until 7th Oct close. As of now, Sell on Rise until we get a daily close above 17500
The global market indicates a negative start. Market nature is bearish to slightly bullish. the market may open a gap-down. The opening candle is important one. the market may move based upon this candle structure, if the market forms a full-body green candle indication of a pullback if the candle forms a full-body red candle that's a sign of trend continuation....
Today's will be gap down opening in banknifty . After opening if banknifty sustain below 39450 level then expected downside go upto 39050 level and this can be extend for downside upto 400-500 points in case banknifty starts trading below 38950 level. in case banknifty starts trading above 39550 level expected upside go upto 39950 level.
NSE:BANKNIFTY1! 📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas. If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle...
Hello Traders, Welcome to SriTrader5121 BankNifty-26/09/2022-Levels If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of PDL and SELL with the Rejection of R@1. (or) If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of S@2 and SELL with the Rejection of S@1.
Expectations for Today: Volatile Day. Intraday Levels: Buy Above - 39700 Sell Below - 39200 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
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BANKNIFTY Intraday Trade Setup For 26 Sep 2022 Buy-Above 39650 Sl-39535 T-39820 40000 40300 Sell-Below 39410 Sl-39525 T- 39250 39151 38960 BANKNIFTY has closed on negative sentiment on Friday with 2.67% cut. Last day we planned to short below 40500 and it hit all targets with extended gains (40500-39415). Important range (41850-40280) shifted on Friday and that...
• looks like a clear Break Down of the M pattern • Sellers have entered near 41800-41500 levels, a clear sign • Since its broken the low of Sep 14, 2022 candle, it looks like now bears are in control.
Wipro has been consolidating in a range and is forming a double bottom pattern on the weekly time frame. The stock has closed below its 200 ema (weekly chart). The whole IT sector has been in a consolidation phase and is near its recent low. On the daily time frame, stock has given a negative candle and retested its levels of 400. Confirmation points. 1....
Banknifty on the weekly time frame has given a strong negative candle and closed below 40000 levels. There was a nice moment in the last trading session. On daily time frame, it has formed a marubozu candle and closed below its 20 DMA. The market has crossed and sustained belowt its 200 ema on hourly time frame. Banknifty has consolidated in the second half of...
NIfty on the weekly time frame has formed a grave stone doji and formed a triple top pattern. The market on the daily time frame has given a nice bearish candle and lost 300 points. NIfty has closed below its 20 DMA. There is a bearish moving average cross over on hourly charts. Last trading session was a one side moment and there are all negative candle. The...
Current pattern -Parallel Channel Impulse Wave Completed (Wave E =1.618 of Wave D (near by)) unable to close above the Trend line for past three times Correction Wave Started (This pattern valid until BN traded below 41840 level) Long Term View: As per my assumption BN will touch 21000 level in future Reason: Three point support 1) Trend line Support 2) Fib...
#banknifty 20 DMA placed at 40,183 and -2 Standard Diviation is placed at 38,440, so below 40,182, 38,440 becomes a logical target. Laxman Rekha for next week is 39,550 (If the price crosses above, don't be short) The market is expected to take support from 38,541 to 38,790 levels and bounce, 38K doesn't look like to get violated. This is a knee-jerk before the...
On weekly Chart BankNifty formed shooting Star pattern. After breaking of low of second bearish candle 1:1 target is 36985.55. One candle per week so it may take time.
BANKNIFTY is target 38400-38150, there is good demand, we may expect some bounce with small candle or low body. My level are given in chart
Banknifty Weekly trend analysis trading in channel. showing weakness on chart
Bank nifty is placed at sell on rise structure because of global cues. Currently it's the strongest Index. Finally it's showing weakness on bigger timeframes but Still Sept,200 i.e. monthly LOW is to be taken out