Banknifty Bullish Harmonic Pattern Moving AVG Support__RSIHello everyone,
banknifty fall consecutive 6 days trading at 8 months low 48700 RSI Positive divergence,
Bullish harmonic pattern and flag in making while nifty W in making So reversal possibilities also Maving avg band support overal confluence support with ocsillators bullish.
bullish reversal banknifty,
Banknifty Bullush Harmonic,
banknifty bullush flag,
Banknnifty RSI oversold and positive divergence,
Bankniftybuy
BANK NIFTY may enter the 40,000 mark soon, with a lot of ease.Bank Nifty looks amazing, as we saw it broke pattern 1 which was a simple channel pattern,
As we zoomed in we realized 2nd pattern (marked in purple) which is called the triangle pattern,
this pattern has already been rejected two times by sellers in the past(shown in the chart)
today Pattern 1 was broken with a huge green candle this shows that buyers are in full strength
and we may see a rally very soon this rally can easily break the 40,000 mark.
Best of luck to all of you.
PS: This post is just for educational purposes,
If you have any doubt feel free to reach out.
nifty bank long bullish (banknifty)nifty bank is ready to shoot up for moving ahead next target which is 36000-36600 (1000-1600) point upmove we can see in next two - three trading session.
1.Nifty bank breaking the resistance of 35000 and immedaiate resistance is 35200 which will break soon.
2. Nifty bank is overall uptrend.
3. Looking the opportunity for long with the sl 34830 entry around 35000-35020.
4. 15min. time frame made bullish engulfing and doji candlestick pattern, which is indicating nifty bank bullish.
5. 1 hr timeframe downtrend channel breakout done.
(sharing view not recommandation)
Thanks and regards
Chazz sen
+917000725404
BANKNIFTY WEEKLY ANALYSIS By OmahtoCurrently Nifty Bank Has Fallen Like Anything. But Look At The Magic Of Harmonic . It Met With The 0.886 PRZ in And The Fall Has Stopped.
But In Case We Break That Level i.e 30600 And Close Below That In Daily Time Frame. We May Fall Till 29000 -28648.
But Chance Are Less As It Has Fallen Too Much. Now If You Choose To Look For Ultra Longs In Intraday Between Nifty And Banknifty , I Would Prefer Banknifty.
In The Higher Side If It Sustains Above 32500 Then We Can See A Upside Momentum.
Important Support And Resistance In Higher Time Frame
Support- 30600
Resistance 32500
For Nifty And BankNifty Calls
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BANK NIFTY BUY
We have Wave 1 complete in the downward direction now is forming Wave 2 which is an upward correction;
Hence this is a temporary buy move till the price reaches the Supply Zone formed between 24210.20 and 25232.60
From this Supply we have a Wave 3 in the downward direction which will be our next Trade;
For now Buy 24200 CE for Oct Expiry;