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BANKNIFTY

Aether Ind forming H&S on weekly charts.A perfect Head and shoulder pattern formation in Aether Ind. Aether Industries is engaged in the production of intermediates and specialty chemicals. Products for Pharmaceutical, agro chemical, material sciences, coating, photography, additive and, oil and gas, segments of chemical industry. MCap = 10491 Cr P/E Ratio = 103 The company has grown in sale by 30% since September 2021 while the expenses has gone up by 40% from 101 Cr to 142 Cr. Opertaing profits are down by 1% (Sept 2021) to 28% Technically the stock might take a dip to its listing price of 703. The overall market is too looking bearish for now as nifty has created another LOWER LOW. Aehter can be shorted below 766 levels upto the listing price for a short term bearish move. Pattern formation looks bearish and RSI indicator is showing a divergence. Though, the indicators are lagging but adds on too the price action. Either the stock will revert after testing the Neck line or will consolidate and give Break Out Or Break Down. Entry should be targeted only once the levels is breached on the lower side and close is given on the lower side. Positional or swing short sell trades can be initiated on the break down.
NSE:AETHERShort
by Mambotrade
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NSE:BANKNIFTYLong
by SkyTradingZone
BankNifty Intraday Support & Resistance Levels for 29.10.2024On Monday, BankNifty opened with a gap up, reaching a high of 51,589.15, testing the 75m Supply Zone mentioned in the previous post. Selling pressure from this supply zone caused it to drop nearly 400 points, closing at 51,259.30, still up 471 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain sideways. The demand and supply zones are unchanged. Demand/Support Zones: Near Demand/Support Zone (Daily): 49,654.65 - 49,959.25 Far Support at 49,282.65 (61.8% FIBO Level) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones: Near Supply/Resistance Zone (75m): 51,411.30 - 51,781.55 (tested on Monday) Near Supply/Resistance Zone (Daily): 51,855.15 - 52,577.50 Far Supply/Resistance Zone (Daily): 52,817.80 - 53,235.25 Far Supply/Resistance Zone (Weekly): 53,741.40 - 54,467.35
NSE:BANKNIFTY
by PriteshPal
25th Oct 2024 - IndusInd lower circuit, ICICI Bank will save us?BankNifty Stance Bearish ️⬇️ BN has fallen only 2.46% ~ 1283 points and is much better than Nifty on a relative basis. IndusInd Bank took a huge beating on Friday as it fell ~ 18.63% due to poor quarterly results. Indian stock markets are not used to such wild reactions, but if our markets start punishing stocks for bad results, I guess it is much better for the future. Ideally, such reactions on stock prices will keep the management on their toes to avoid poor results thereby helping them put in the necessary hard work to achieve the desired results. ICICI Bank will react to its results today, since we are in a bearish hold, would like to see if Sell on Rise is applicable on this scrip. The main point to consider is that ICICI has more than 27% weightage on BankNifty and is single handedly capable of bringing out BN from the Bear hold. 51101 is my first resistance level above which I will change the stance to neutral. For real bearish momentum to pick up, we need to fall below 49704.
NSE:BANKNIFTYShort
by viswaram
BankNifty Intraday Support & Resistance Levels for 28.10.2024On Friday, BankNifty opened flat to slightly negative and faced intense selling pressure, dropping to a low of 50,382.10 before closing at 50,787.45, down 743 points. The Weekly Trend (50 SMA) shifted sideways from positive, while the Daily Trend (50 SMA) remains sideways. As anticipated, once the critical 51,000 level broke, BankNifty slid an additional 600 points. A further dip toward the psychological level of 50,000 is possible before we see any meaningful bounce. Demand/Support Zones: Near Demand/Support Zone (Daily): 49,654.65 - 49,959.25 Far Support: 49,282.65 (61.8% FIBO Level) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones: Near Supply/Resistance Zone (75m): 51,411.30 - 51,781.55 Near Supply/Resistance Zone (Daily): 51,855.15 - 52,577.50 Far Supply/Resistance Zone (Daily): 52,817.80 - 53,235.25 Far Supply/Resistance Zone (Weekly): 53,741.40 - 54,467.35
NSE:BANKNIFTY
by PriteshPal
Update on #YESBANK The company has recently released its results and the results are outstanding with net profit rising 145 percent. I expect a strong rally with bullish momentum from here as we have filled the FVG between 17.5 to 19.5 and due to the strong financial result we could see serious bullish momentum take over. I had shared 3 entries at ₹23, ₹20 and ₹19.5 . All three of your entries should now be active. These entries were perfectly timed with the result of yes bank and correction in nifty . I believe we will reach the three targets that I had mentioned within 4 to 5 years from here now. Target prices ₹93, ₹120 and 280, check out my earlier post on Yes bank for more information about the company's fundamentals and technical.
NSE:YESBANKLong
by SkyTradingZone
Bank Nifty - Weekly analysis 28th to 1st (Monthly Expiry)Banknifty Weekly Review BNF looks little bit strong when comparing to Nifty and 50350 level is a good support area. However if 50300 breaks we can see good fall in BNF also. This week BNF is expected to trade between 50400 and 51700 S&R zones. We can see a small correction on the BULL side this week and from 51700 we can see BEARISH reversal upto 49700. This is where BNF trend reversal can be seen. Look for Buy/Sell at Demand and Supply zone for profitable trades. Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels.
NSE:BANKNIFTY
by ViVenTraders