Time Period (1-3 Days) Buy BANKNIFTY Above 46940 Stop Loss 46620 Target 47170-47300
If you observe the chart above, it clearly indicates that it's forming higher highs and higher lows. A few days ago, on January 17th, 2024, there was a significant gap down below the resistance level of 47520. Many times it attempted to break this resistance level, but today it finally broke through with a strong bullish candle. Therefore, we can confidently say...
BANKNIFTY looks to resume the rally to the highs of 48,500 once again after creating a textbook double bottom pattern which broke out from the neckline and consolidated at those levels. Expect higher prices in the coming days . Cheers
Bearish Deep Crab Activated In Banknifty 2 Way Trade Buy At Cmp 44814 SL - 44000 ( Day Closing Basis ) Target - 46292 Sell On Rise To 46292-46400 SL - 46800 ( Day Closing Basis ) Target - 45200/44800/44400 Target -
BankNifty Today Analysis From yesterday’s analysis, I was long into BankNifty and was quite surprised to see the breach of support level 44542 by 09.45. The candle that crossed this SR line took out 154pts, luckily no damage was done and we found a safety net at 44280 levels. 5mts chart link - click here I have not fully subscribed to the idea that the opening...
Expected to be in wave 4 formation and expecting a decline in banknifty before any further highs to complete wave 5.
The Banknifty recently completed a consolidation phase, forming what appears to be a bullish pennant pattern on the price chart. However, it's important to note that the presence of this pattern alone doesn't guarantee an upward price movement. It is crucial to consider that the market may experience a price correction around the 44730-44750 range, which is a...
As 2 days goes by but primium does't risk as market trapped many sellers as to gave a brackout 2 days earlyer from past 2 days consolidation we can see people are looseing nmoney consistenly But as they will close there trade if market opens high tommorow so as only buyer wiil stay or buy at that zone Market will come down to hunt there sl but in another...
Monday's market is unpredictible. cauz, market did take up selller lequidity & buy got stoped out ( profit bookig and traling SL) there are only sellers left in the market but not freash selling position so, market does't have any money to go ethir way so, market will trap every retailer both who will look for selling and buying best possible situation now is...
As market did't showed any bearish pressure and a slow down movement & market did't trapped any buyers today after opening So, as there are less sellers the market will grab sellers lquidity to go up So, theres no lquidity for the market to go down So 44000 area will act as a major support for buyers and also a trap zone for the buyers wait for price to close...
as conslidation areas are uncertain 60% nutral 40% upside todays market nutral as expected to gain theta of buyers there are a few sellers in the market at the flip zone if market starts up avoid it as it will creat lequidity for sellers to enter and trap them in the process.in a range bound market if starts below then a sweep of major buyer zone will create...
There are multipul seller zoner and seller sl area above there are none buyers sl area below. so,buying probebility becomes high and also 50 billion from J.P. Moegen. There are multiple short cover moves upside so be cautious of selling because there are no sellers right now. and market will trap sellers so it can gain lequidity to go up ad hit SHOORT COVER area
Banknifty 1day timeframe reacting #Double Bottom Strong support is over here 43720 to 43423 Good neckline supply zone 44727 to 44603 For short position should be below support are 43423 for long position should be above neckline area 44727 Please do analysis your own risk thank you
Flag & Pole pattern breakout on Hourly Chart. SL & Tgt is marked on Chart. Tgt is expected in 7-10 days.
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.
Buy Banknifty At Cmp 39115.6 Small SL - 36850 (Weekly Closing Basis) Long SL - 33850 (Monthly Closing Basis) Target - 52000
Hidden bullish divergence is visible on 15 min TF. Bank Nifty is done with correction. Expecting Bank Nifty to lead index in upcoming days till it holds Friday low. One Can enter long when it crosses 45200 level.
This is hourly analysis of NSE:BANKNIFTY I have mentioned all the important level on chart.