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
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.
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 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...
hello friends we are providing the intraday levels of nifty and banknifty as per demand and supply zones & as per option chain open interest . its a combination of both fundamental and technical analysis. plz give feedback about analysis its very helpful to us.
🔴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...
BANKNIFTY
weekly bear sentiment expect down fall
over all long term trend retracement 37787
short term down trend movement
wait for confirmation break after make decision
Bank 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...
as 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...
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...
BANKNIFTY
Bank Nifty was bullish from two days, one small retracement needed during this expiry and changes to touching 39000 for BankNifty. It all depend on what Level this expiry closed
These levels are just for educational purposes only and my personal view.
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(18/11/2021)](https://s3.tradingview.com/l/lrUdrzrn_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(18/11/2021)")
