just observe the bank nifty chart and you will realize how price action is built and respects trendline, in current scenario once red trendline is broken and preferably retest/ consolidate then we can see a good up move, like in abv chart happened 22-27jul after breaking black dotted trendline, then it retested on 23 n 29 aug (marked rectangular box) and again up...
As per analysis market reached the all time high so the correction or big fall act the chart. so when see the sell side candle you will take PUT. market will down 38082. thank you
NSE:NIFTY Hi everyone First Lets see out previous forecast. As you can see in below image , previously we were expecting an bullish structure and a correction, which we did as you can see in our current forecast. Now Lets talk abt current neowave structure As you can see in the chart we have completed wave-M1 and currently we are in wave- M2....
The global market indicates a negative start. the market nature is bearish to neutral. Our market may open slightly negative, if the market pulls back around key support zone (Nifty 60% and Banknifty 38% fib zone) then we expect sub-wave 5th. On the other hand, if the market breaks the key zones sharply, it is a sign of a major decline.
Today will be gap down opening in banknifty . After opening if banknifty sustain above 41050 level then possible upside rally upto 41450+ level in today's session. Reversal is 41450 this level and this can be extend for downside upto 40550 in case banknifty starts trading below 40950 level.
Wednesday we saw index closed above 41300 which was a resistance previously but on Thursday it failed to hold the level and prices rejected from higher level. Till we are holding below 41300 its a sell on rise. Some retracement is possible on this index. Expecting correction till 39900 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...
The above levels are to be considered for Intraday trading. Levels shared on the upside and downside is to counter the gap up or gap down openings of market. Please hit the like button if you like the idea. Share you thoughts via the comments if you have any. If you liked the current idea and previous ideas please follow to keep the postings updated.
Hello Traders, Welcome to SriTrader5121 BankNifty-16/09/2022-Levels _______________________ Happy Learning and Trading Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or...
40687 will act as a strong resistance for bank nifty. If it breaks next target will be 41807. If fails to break the resistance will move downside and the support will be 39610 as per today chart.Support level may change based on price action. If support level changes i will update.
BANKNIFTY Intraday trade Setup For 16 Sep 2022 Buy-Above 41525 Sl-41415 T-41763 42027 Sell-Below 41150 Sl-41265 T-40843 40465 BANKNIFTY has closed on a negative note today with almost 0.5% gain. Today it made a fresh ATH. Last day we planned to buy above 41630. It gave more than 200 points gain and hit ATH then took resistance and fell. It has made a shooting...
Banknifty Levels for Tomorrow Bearishness will continue and close would be around 41000, Trend prediction marked in the chart.
• Support & Resistance zones for 16th Sep . • BANKNIFTY has to hold above 41,250 levels to make an up move towards 41,500 and its lifetime high of 41,840 levels, whereas supports are placed at 41,000 and 40,750. • Zones marked / drawn on chart can act as a Support & Resistance for price to stuck / to face hurdle. Remaining space can be straight way for Price to...
Hero Moto corp has given a break down of a triangular consolidation and also closed below its 20 DMA, Though, its taking support from its weekly 200 ema. Tomorrow, if the stock on an hourly time frame closes below 2774 levels, a short traded can be initaited. Targets :- 2735, 2692 Stop loss :- 2775 The markets are retracing and the stock if closes below 2730...
Motherson sumi has been consolidating in a triangle pattern from the month of April and is respecting the trend line on daily time frame. It is trading around its 20 DMA. The volume indicator is showing decrease in volumes. On weekly analysis, the stock is taking a resistance from its 200 ema and both the moving averages are close enough. If the stock breaks...
this technical analysis is only for Educational purpose only, Do your investment with responsibility and Financial Advisor..
Bank nifty opened 41533 gap up today, made an intraday high in the 3rd candle and then fell to the support line at 41312. Most importantly this support line proved to be quite a fight with swings up and down - and final close at 41208. The opening swing would have taken out most of them by surprise, few of the weak CE writers would have squared off thinking the...
We saw gap up today and good up momentum for first 15-20 minutes. Sell triggered as soon as market touches all time high till 41200. 41200 is a good support at 15 minutes timeframe. Seems like flag is forming and breakout can lead to all time high again or new high. On opposite side a good channel support at 40800 is available in 1 hour timeframe. I feel like...