Entry Plan for BANKNIFTY 56000 Target We have completed 5 Wave move Up since Covid Fall and now in making of 5-3-5 Corrective pattern ((A)) ((B)) ((C)).
Its too Early to confirm Connector ((B)) is completed however assuming it is done, we can now expect making of wave ((C)) Black is in process and we can have entry planned @ 31080 Level with target to en-cash Next Up move of Wave III red.
Trade Plan : Well In advance
Entry : 31080
Stop Loss : 27000
Target : 56000
Bankniftylong
BANKNIFTY Intraday Trade Setup For 09 Dec 2021BANKNIFTY Intraday Trade Setup For 09 Dec 2021
Buy-Above 37400
Sl-37300
T-37500 37600
Sell-Below 37200
Sl-37300
T-37000 36900
BANKNIFTY as discussed yesterday above 36900 index will head towards 37600. Index has sustained 37000 in today's trading session.
Aggressive short will be planned below 37000 only. 37600-37650 is a supply zone as per our Bearish Bat in hourly timeframe. Consider booking profits here as we have longed from 36500 and 37000.
BANK NIFTY EXPECTED UP TREND ???????Bnf Short covering zone expected up trend can be expected
look like rising wedge pattern move another one cup and handle 90% pattern foremd
open interest data strong support 37300
strong Resistance 37500
when one day open close above 39890 confirmation 2 confimation down trend reversal
[INTRADAY] #BANKNIFTY PE & CE Levels(18/11/2021)Today will be flat or slightly gap down opening expected in banknifty. After opening if banknifty starts trading below 37950 level then there expected further 400-500 points downside. Reversal upside direction possible if banknifty starts trading and sustain above 38050 level.
Banknifty LongI 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 the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
BANKNIFTY FUTURES | COMING TOWARDS 37700 - 37500 ZONE ?BankNifty Futures has lost more than 3000 points from a recent high of 41800 zones. BankNifty Futures has a good support zone between 37700 - 37500 zones and if this level holds, we can see approx 3000 points Bounce from this zone.
The RSI is current at 44 levels and it also has strong support at 37-35 zone.
We would try to get time to re-analyze and update this idea.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BANK NIFTY - Weekly Analysis - Retesting the Major trendline?🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
BANK NIFTY - BULLISH BAT PATTERN|| DEMAND ZONE|| DAY TFBank Nifty is forming a XABCD bullish bat pattern. This pattern gives us a demand zone or a potential reversal zone from where the downtrend may reverse.
Buy bank nifty between 39850-39550
Stoploss 39290, below this level we may witness long unwinding as well.
If the RSI crosses below 50, the fall could be quicker until 30.
Best setup: RSI 30-20 and the price at the PRZ of XABCD.
Happy trading :)
This is just for educational purposes.
Banknifty big moves expectedas banknifty closed on important support level of 39500, we can expect big moves either side.
As of now, there was FII selling from last 7 days due to monthly expiry may be,
Our bank results are not that much bad, hence there is no any special reason we found in today's sell off,
From 29th Oct we can expect stop selling and start of fresh buying by FII, And market sentiment may be again bullish,
If Bank nifty opened and sustain above 39650 tomorrow, we can expect 40000 levels in tomorrow's session and also 41000 shortly,
There is no any god resistance between 39700 to 40000,
But if it started trading below 39350, then next support would be 39000 a psychological level and 38800 is technical support, next would be 38385,
Happy Trading
BANKNIFTY | WHAT'S NEXT AFTER NEW ALL TIME HIGH?BankNifty has broken its previous All-time High of 37708 and closed above this level. BankNifty forming higher lows and following an ascending triangle pattern.
Possibility 1 - After consolidation at upper levels, BankNifty breaks the upper yellow line and moves towards marked green targets on the chart.
Possibility 2 - BankNifty may come down to retest the lower yellow rising line and then BankNifty breaks the upper yellow line and moves towards marked green targets on the chart.
Possibility 2 - BankNifty may come down to retest the lower yellow rising line and BankNifty breaks the lower yellow rising and give a breakdown.
I would try to update this BankNifty Positional Idea regularly.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team