Banknifty also has the same structural sentiment; it has closed at the Fibonacci level of 23%. If the market opens with a gap-up and sustains it, then we can expect the rally to continue with minor consolidations. In that case, we can expect a minimum range of 49,021 to 49,183. Alternatively, if the gap-up doesn't sustain, we can expect the Fibonacci level of 38%...
TREND ANALYSIS & TRADE SETUP ! WAVE ANALYSIS !! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for ENTRY CONFIRMATION ! Risk : Reward: 4-5 times.
BankNifty Analysis - Stance Bullish ⬆️ BankNifty does an inverted V pattern today due to which the Algos went negative. Was quite happy that the losses were contained in the end, but what I learned is that sharp rises & falls take out the stop losses at both ends. And what is the end result? We are treading nowhere. On the higher timeframe, BN looks more bullish...
Please follow levels , Step by step , we uses RSI 65, It clears most of the noises.
Please follow levels , Step by step , we uses RSI 65, It clears most of the noises.
Bank Nifty showed Recovery in 1st Half, but witnessed Profit booking in 2nd Half of session The Index scaled at New All Time Highs & reached near 49000 zone Any Dips towars 48500, 48000 may look for Buying setup as trend is Positive Overall Immediate Upside Resistance is Placed near 49000, 200 Range Tomorrow is important US CPI Inflation Reading * For...
Bank Nifty Technical Analysis - 10th April 2024 ## Market Overview Bank Nifty is exhibiting potential volatility, with clear support and resistance levels identified for potential trading opportunities. Traders should closely monitor key levels for potential breakout or reversal patterns. ### Support Levels **1. Support Levels:** - **48,600:** Identified as...
NSE:BANKNIFTY Bank Nifty, we have seen Almost 3200 points One way rally. Without any major pullback. From 45800 To 49000 Now I am expecting a Pullback till 48100 level and then sideways market For 2-3 days. After this range Formation in Market, We might see fresh breakout and then move for next all time high level again. Good to keep on the radar Always...
Godrej Prop form Cup and Handle pattern. It was given Break out of neck line 2550. As per chart it may test 4000 soon
📊 DETAILS Sector: IT Services & Consulting Mkt Cap: 624,227 cr Infosys Ltd provides consulting, technology, outsourcing and next-generation digital services to enable clients to execute strategies for their digital transformation. It is the 2nd largest Information Technology company in India behind TCS. TTM PE : 25.10 (Low PE) Sector PE : 34.35 ...
📊 DETAILS Sector: Air Conditioners Mkt Cap: 22,900 cr Blue star manufacturers air purifiers, air coolers, water purifiers, cold storage and speciality products. The Company offers turnkey solutions in MEP (Mechanical, Electrical, Plumbing, and Fire-fighting) Projects. It is the largest after-sales service provider for air conditioning and commercial...
📊 DETAILS Sector: Engineering - Industrial Equipments Mkt Cap: 39,919 cr Thermax Limited offers solutions to energy, environment and chemical sectors. The Company’s portfolio includes boilers and heaters, absorption chillers/ heat pumps, power plants, solar equipment, air pollution control equipment/system, water and waste recycle plant, ion exchange resins...
Banknifty didn't match the performance compared to the nifty. However, it also has some bullish sentiment, so if the gap-up sustains, we can expect a rally continuation with minor consolidation. The reversal will be considered only if it breaks the Fibonacci level 38%, while if it rejects the major resistance level. An alternate view indicates if the gap-up...
BNF tried to move past 46753, it failed and made a double top before testing 46546. This is a level that had previously pushed price to around 47000, however, with recent movement, it had been respecting a parallel channel formed in 15MTF. If level 46699 is not broken, we can expect a movement down, this will also fill the gap before moving to 46360. Note:...
BankNifty Analysis - Stance Bullish ⬆️ BankNifty also takes out the recent swing high and a new ATH is in place ~ 48716 @ 13.23. Over the next 2 candles, it lost 217pts ~ 0.45%. The final close was with a nominal gain of 88pts ~ 0.18%. What a run it has been by BN, we have officially it a new higher-high, but it has not finished yet. Only when we retrace a few...
📊 DETAILS Sector: Power Generation/Distribution Mkt Cap: 82,225 cr JSW Energy Ltd and its subsidiaries are primarily engaged in the business of generation of power from its power assets located at Karnataka, Maharashtra, Nandyal and Salboni. It is the holding company for the JSW group's power business. The company also has a JV company engaged in mining...
Hello I hope all of you are doing well!! Bank Nifty analysis for educational and learning purposes. Pl. share your point of view. Keep Learning with NG. Thank You Nitin Grover
BANKNIFTY Intraday Trade Setup For 9 Apr 2024 Bullish-Above 48730 Invalid-Below 48620 T- 49135 Bearish-Below 48400 Invalid-Above 48510 T- 48070 BANKNIFTY has closed on a slight bullish note with 0.18% gain today. It has formed a spinning top candle which is once again neutral and indecisive sign. We will plan a short trade below 48420 however bears will try to...