NSE:BANKNIFTY HERE'S MY DAILY VIEW ON BANKNIFTY BUY ON DIP TARGET 24360
Hi Traders, 1. On the 5th of Sep 2020, I did not provide any second support why? If you see the fig of that day analysis, I provided only one red color support not second. Old followers know when I manifest the move of the next trading session or week I always mark two support and resistance in my fig. This is the first time when provided only...
Price forming a pattern exactly at the parallel channel support. Look for the breakout and trade accordingly. I expect the price to take support and break the pattern upside. Bank sector chart also in parallel channel and exactly trading at the support.
I hope you can now see how Banknifty represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that...
Dear Traders/ Friends, Believe it or not. I am expecting huge upside movement, my intuitions and trap by FIIS selling leads to Nifty 12000/- 23450 Gap to be filled....550 Points lets see
I hope you can now see how Banknifty represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that...
Banknifty had a severe fall on 31 August, when India and China had some argument near the border in Leh. This triggered a huge sell off from the day's high and Banknifty ended around 3% lower for the day. Today, Banknifty consolidated in a range and this was expected as Banknifty had 2 continuous trending days. Usually after a trending day, a stock or index...
Enter long Banknifty. Price testing support. SL 23380. Target 25000 and above.
Bank Nifty has generated a buy signal in 3 indicators 1. Fibonacci - About to give breakout 2. Price Action - Cleared a crucial resistance line 3. Channel Pattern I have not drawn 2&3 to avoid confusion and over drawing on chart. I have kept the trade idea simple. Once BN crosses 0.50%, initiate buy position. 1st target will be 0.68% Keep trailing the trade for...
BankNifty broke out of consolidation followed by huge up-move which confirmed the up-trend. We have missed the ideal entry. Entry given in chart is of fibonacci level which i am not sure if it will come. Hence to re-enter wait for minor pullback.
More possibilities banknifty continue its rally towards the 25000 levels. If banknifty successfully breakout this level then we will see quick 300-500 points upside movement.
Hi Traders, 1. On the 22nd of Aug 2020, in my blog on BNF series the point no. 1 trading plan section is quoting for your consideration as proof that given targets on upside precisely achieved by index as usual without fail. Every word was written so meticulously that proves the presence of perfect manifestation of the move six days prior...
HELLO FRIENDS, HERE IS BANK NIFTY TRADE SET UP AS PER SUPPORT AND RESISTANCE LEVELS, BANK NIFTY CMP IS 22300 LEVEL AT THE TIME OF UPLOAD THIS CHART IF BANK NIFTY CROSS ABOVE 22460 LEVEL WITH FULL VOLUME WE CAN BUY BANK NIFTY FOR THE TARGET OF 23200 TO 23500 LEVEL, AND IF BANK NIFTY CROSS DOWN TREND LINE AND PRICE TRADE BELOW TREND LINE WE CAN SHORT BANK NIFTY FOR...
Banknifty formed Parallel channel post march lows. Currently in Wave 4 and correcting. Now probably forming Tripple Three Elliot Corrective Wave which is long and shallow correction (0.382 fib level) between 21000 to 23000. If it reaches 23000 levels and starts reversal then we can definetly say it as Tripple three elliot wave and can plan for wave Z. Price...
Today expected gap up opening in banknifty near 22500 levels. If banknifty breakout this level we will see next targets 22750 and 22900. The overall market is showing a bullish side rally.