As you can see here that bollinger bands are in squeeze mode, and price after rejection from median line (Orange), taking support at standard deviation two (Red), if price goes below standard deviation two , you may see a burst in bollinger bands and price will go much lower side achieving all targets given by me. 44624 is a strong resistance if price trying to...
As you can see here that price again closed at median line , but bollinger bands are very narrow so there is a chance of breaking out or breaking down . Whether it goes above 45168 or below 44920 in both condition you may see a burst. if it goes below 44920 , then it may take support on 44789, going below of 44789, it may go much lower side and may cross paas...
Banknifty has been trading between 38.2% to 50% fibonacci level and remained volatile whole day. The market is taking serious resistance from 45k level and today also it tried to cross the level and reversed after hitting the resistance zone of 45100 level. On the hourly chart, banknifty remained between both the moving averages and gave dji after doji. Trend...
As you can see here that price closed just above standard deviation one and above median line , in between strong resistance and strong support high chance that price may go in a broader sideways. But if price crosses above 45097 than you may see a good upmove till 45283, 45283 is a strong resistance , if price retraces from here than it can again reach to the...
Banknifty in the last week has traded below the previous swing low and is taking resistance from 50% fibonacci levels. It has closed 590 points lower on the weekly charts. The market gave a nice fall in 2 trading session and in the last trading session tried to sustain above 45k level but couldn't. The market on the daily charts, is giving doji after doji and...
As you saw that price did not took support at median line and also broke standard deviation 1, if price goes below cuurent low you may see another burst in bollinger band . burst within burst in same side will pull down price to deep lower side. if price goes below 44597 , then you can see a good down move till 44179, but one special support level you have to...
Banknifty in 2 days have lost more than 1000 points and today has given a doji candle after testing 44300 levels. On the hourly charts, a bearish moving averages cross over has been formed. Banknifty has given a nice fall and can take halt for a day before giving a fall. Market now after 1000 points fall may take a halt or retest before another fall. On 15...
Travelling above 45969, it may easily reach to its full target of 46213, in between 46076 is super strong resistance. Semi burst bollinger band , 45785 is an important level , if price remains above it and crosses standard deviation 2 , then you can take it as full fledge burst of bollinger band, and it may go much higher along side standard deviation3. if...
Lookslike a sideways, squeeze in bollinger band.it may take long time to burst, may be in last one hour of monday or in tuesday. Whenever market closes near median line, it remains sideway first half of the day in next trading day. and then it gives nice moves to bursted side. gap up and gap down not considered. if price goes above 45807, after breaking...
Analysis - 1.if crosses over 45812 then it may easily reach to the level of 45989 (strong Resistance), if crosses over 45989 then it may reach 46155 (Little Difficult). 2. If it crosses its current low then high chance is there that it will travel alongside with standard deviation 3 and achieve all levels in downside.
You may see a good bollinger burst today. as you are seeing here that its taking resistance at median line and price also made a symytrical triangle, whichever side its break will give you good move, more powerful move in downside. If price moves above 46080 then it may resistance at 46214 , crossing 46214 will be very bullish and price can go beyond full...
As you can see here that price rejected from standard deviation -2 , if price crosses down below 45982 then it may reach to standard deviation-1 and achieve our target. but if price moves above standard deviation -2 you may see a huge upside move , crossing above 46319 , price may reach 46683 and much higher.
Bollinger squeeze and about to burst in 30 minute chart. if bollinger burst and price travel s upside and crosses 45816 then it may touch 45933 easily , which is a strong resistance, crossing above 45933 price may reach easily to the level of 46129. if bollinger do not burst upside and starts travelling below and crosses down below 45618 then you may see a...
It may face the same faith if it goes below -45281 but if it goes above 45624 then it will be free and will have an executive order to go past 45839.
As you are seeing here a declining wedge (wedge rules- gives good movement to opposite side) you are also seeing that last two breakout did not sustain , may be this time it will sustain if it crosses above 45044, above 45044 there is a high chance that it will reach 45295. but if it will goes inside again after breaking upside of the wedge then it will reach...
According to Keltner channel Bank Nifty spot taking strong support at 44745 , but if it crosses down its current low which is 44662, then it may travel to the level of 44427. if it crosses above 44849 then it may also travel to 45195 upside. if it spends an hour in between 44662 to 44849 then it may remain in this range for whole day.
As you are seeing here nor any candle closes above deviation , nor opened above it and then rejected , it means there is a high chance that whether from first deviaton or from median line it will take support and bounce upto third or 2nd deviation, after closing below median line you can tell that its started down move , till the sentiment will buy on sale.
As i told you all in my previous analysis of Banknifty that it will reach pretty high, whenever Bollinger Band bursts , if price reaches already near standard deviation 3 , or within a day or two it reaches near standard deviation 3 , then price do not falls, it takes support of standard deviation 3 and goes much higher along with standard deviation 3, untill it...