Bank Nifty Analysis: Symmetric Triangle Targets MetBank Nifty successfully hit both targets from the recent symmetric triangle pattern within two days and is now consolidating near the 15-minute and 1-hour support levels.
Immediate Support: 49,620
Immediate Resistance: 50,420 and 50,700
If the support at 49,620 is breached, we could potentially see a move down to the 48,850 level. Watch these key levels closely for trading opportunities.
Bankniftychartpattern
[INTRADAY] #BANKNIFTY PE & CE Levels(06/08/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 50050 level then possible upside rally of 400-500 points upto 50450 level & this rally can extend another 400 points if market gives breakout 50550 level in todays session. Any Major downside only expected in case banknifty starts trading below 49950 level.also possible reversal downside 50450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(22/07/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 52450 level then possible downside rally of 400-500 points upto 52050 Level & this rally can can extend another 400 points if market gives breakdown 51950 level in todays session.Any Major upside only expected in case banknifty starts trading above 52550 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(15/07/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 52050 level then possible upside rally of 400-500 points upto 52550 level & this rally can extend another 400 points if market gives breakout 52550 level in todays session. Any Major downside only expected in case banknifty starts trading below 51950 level.also possible reversal downside 52450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(04/07/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 53050 level then possible upside rally of 400-500 points upto 53450 level & this rally can extend another 400 points if market gives breakout 53550 level in todays session. Any Major downside only expected in case banknifty starts trading below 52950 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(02/07/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 52550 level then possible upside rally of 400-500 points upto 52950 level & this rally can extend another 400 points if market gives breakout 53050 level in todays session. Any Major downside only expected in case banknifty starts trading below 52450 level.also possible reversal downside 52950 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(27/06/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 52950 level then possible downside rally of 400-500 points upto 52550 Level & this rally can can extend another 400 points if market gives breakdown 52450 level in todays session.Any Major upside only expected in case banknifty starts trading above 53050 level.also possible reversal upside 52550 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(25/06/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 51550 level then possible upside rally of 400-500 points upto 51950 level & this rally can extend another 400 points if market gives breakout 52050 level in todays session. Any Major downside only expected in case banknifty starts trading below 51450 level.also possible reversal downside 51950 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(20/06/2024) Today will be FLAT opening in BANKNIFTY. After opening if banknifty start trading Below 51450 level then possible downside rally of 400-500 points upto 51050 level in todays session. Any Major upside only expected in case banknifty starts trading Above 51550 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(19/06/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 50050 level then possible upside rally of 400-500 points upto 50450 level in todays session. Any Major downside only expected in case banknifty starts trading below 50450 level.also possible reversal upside 50050 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(18/06/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 50050 level then possible upside rally of 400-500 points upto 50450 level & this rally can extend another 400 points if market gives breakout 50550 level in todays session. Any Major downside only expected in case banknifty starts trading below 49950 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(13/06/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 49550 level then possible upside rally of 400-500 points upto 49950 level & this rally can extend another 400 points if market gives breakout 50050 level in todays session. Any Major downside only expected in case banknifty starts trading below 49450 level. also possible reversal downside 49950 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(05/06/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47050 level then possible upside rally of 400-500 points upto 47450 level & this rally can extend another 400 points if market gives breakout 47550 level in todays session. Any Major downside only expected in case banknifty starts trading below 46950 level. also possible reversal downside 47450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(03/06/2024) Today will be Huge gap up opening in BANKNIFTY. After opening if banknifty sustain above 50050 level then possible upside rally of 400-500 points upto 50450 level & this rally can extend another 400 points if market gives breakout 50550 level in todays session. Any Major downside only expected in case banknifty starts trading below 49950 level. also possible reversal downside 50450 level. (Note:have possibility market give another 400 points rally if market can go above 51050 level)
[INTRADAY] #BANKNIFTY PE & CE Levels(28/05/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 49050 level then possible upside rally of 400-500 points upto 49450 level & this rally can extend another 400 points if market gives breakout 49550 level in todays session. Any Major downside only expected in case banknifty starts trading below 48950 level. also possible reversal downside 49450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(24/05/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 48550 level then possible upside rally of 400-500 points upto 48950 level & this rally can extend another 400 points if market gives breakout 49050 level in todays session. Any Major downside only expected in case banknifty starts trading below 48450 level. also possible reversal downside 48950 level.
Reversal Broadening Wedge pattern in Banknifty IndexBANKNIFTY INDEX
Key highlights: 💡⚡
📈 On 1 Day Time Frame Banknifty Index Showing Reversal of Broadening Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Above 50250+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this Banknifty Index can gives strong upside rally upto Above 52950+.
📈 Can Go Long in this Banknifty Index by placing a stop loss Below 46049-.
[INTRADAY] #BANKNIFTY PE & CE Levels(22/05/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 48050 level then possible upside rally of 400-500 points upto 48450 level & this rally can extend another 400 points if market gives breakout 48550 level in todays session. Any Major downside only expected in case banknifty starts trading below 47950 level. also possible reversal downside 48450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(21/05/2024)Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 48450 level then possible downside rally of 400-500 points upto 48050 Level & this rally can can extend another 400 points if market gives breakdown 47950 level in todays session.Any Major upside only expected in case banknifty starts trading above 48550 level.also possible reversal upside 48050 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(14/05/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47550 level then possible upside rally of 400-500 points upto 47950 level & this rally can extend another 400 points if market gives breakout 48050 level in todays session. Any Major downside only expected in case banknifty starts trading below 47450 level to 47050 level. also possible reversal downside 47950 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(10/05/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47550 level then possible upside rally of 400-500 points upto 47950 level in todays session. Any Major downside only expected in case banknifty starts trading below 47450 level to 47050 level & this rally can extend another 400 points if market gives breakdown 46950 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(09/05/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 48050 level then possible upside rally of 400-500 points upto 48450 level in todays session. Any Major downside only expected in case banknifty starts trading below 47950 level to 47550 level.also possible reversal downside 48450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(07/05/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 49050 level then possible upside rally of 400-500 points upto 49450 level in todays session. Any Major downside only expected in case banknifty starts trading below 48950 level.also possible reversal downside 49450 level.