Flag & Pole pattern breakout on Hourly Chart. SL & Tgt is marked on Chart. Tgt is expected in 7-10 days.
The FASP for BankNifty is listed for 14-08-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
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Banks were just continuing the trend from yesterday. The first candle saw a swing of 247pts ~ 0.56%. From there they were holding it steady till 12.40. Something interesting happened at the 13.00 candle which was a strong green of 128pts. HDFCBK, ICICI, SBIN, AXIS all were shooting up. What happened right after that was a super spike in RELIANCE (up 1.38%...
BankNifty important Intraday levels to watch are as follows Expectations: Trending Day #Support: 44420 Sell below: 44420 only on 15 minute candle closure below the level. Target 1: 44230 Target 2: 44050 #Resistance: 44605 Buy Above: 44605 only on 15 minute candle closure Above the level agressive buy above supply zone. Target 1: 44820 Target 2:...
Nifty Banknifty Analysis 11-Aug-23. Short term level for both index.
"Good morning! As of August 11th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone), while the market trend is moderately bearish. Therefore, there might be a start with a minor gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a minimum 38% pullback. or if it breaks...
Today will be FLAT opening in BANKNIFTY . After opening if banknifty start trading above 44550 level then possible upside rally of 400-500 points upto 44950 Level.Any Major downside only expected in case banknifty starts trading below 44450 level.
BANKNIFTY Intraday Trade Setup For 11 Aug 2023 Bullish-Above 44735 Invalid-Below 44625 T- 44980 45290 Bearish-Below 44410 Invalid-Above 44520 T- 44170 43907 BANKNIFTY has closed on a bearish note with 0.76% cut. Yesterday closed on a bullish note although there was slight cut. It was discussed that 44700 zone will act as a support zone in case of a gap down. It...
Banknifty from the first hour was looking weak and whole day traded lower than nifty. It has given a red candle and closed 340 points lower forming a doji. Still banknifty respected the previous swing but has started closing below previous day closing range. This week till now has given more of losses as there is no clear trend in the market. In the second...
BankNifty important Intraday levels to watch are as follows Expectations: Volatile day #Support:44760 Sell below: 44760 only on 15 minute candle closure below the level. agressive sell below demand zone. Target 1: 44520 Target 2: 44280 #Resistance: 44920 Buy Above: 44920 only on 15 minute candle closure Above the level agressive buy above supply zone. Target...
"Good morning! As of August 10th, the global market sentiment is slightly negative (based on the Dow Jones alone), while the market trend remains moderately bullish. There is no significant difference from the last session. Therefore, whether it opens with a gap-up or down, it won't matter. If the initial market experiences sharp declines, we can anticipate a...
Nifty BankNifty Analysis for 10-Aug-23. Short term levels for index in this short video.
Hi All, Banknifty is forming falling channel already broke and retested yesterday. 45092 will act as immediate resistance on upper side. If that breaks channel target 44550. Please consider this is for educational purposes only and consult with your financial advisor before taking any trade.
Banknifty had a perfect W like pattern formed in the 5mts TF. Even though the rally from 13.50 to close was inspiring, it was not as fierce as on Nifty50. The fall of 441pts ~ 0.98% steals the limelight today. Now was the 380+ pts reversal from the intraday low to close due to the RBI MPC outcome expectation tomorrow? Some facts to consider. The vegetable,...
Banknifty tested lower levels but has closed in the same range as the previous 2 days. On the hourly charts, it has again closed between both the moving averages. It gained 200 points in the last hour signifying some bullish movement in coming days. Both buyer and seller took charge today. Seller where in control in the first half of the session but buyer pushed...
BANKNIFTY Intraday Trade Setup For 10 Aug 2023 Bullish- Above 44925 Invalid-Below 44815 T- 45140 45355 Bearish- Below 44530 Invalid-Above 44640 T- 44250 44000 BANKNIFTY has closed with a minor cut of 0.19% today, but it closed on a positive sentiment as it has formed a Pin bar candle in daily TF. It opened flat and sell triggered as per setup and first target...
Nifty Banknifty Analysis 9-aug-2023. Short term levels for index in this short video