Banknifty StudyBanknifty has also formed Inverse Head & Shoulder pattern on Daily TF. and the breakout is also done. the height of the pattern is approx 3000 points. Green lines are the Imp Resistances on the upside Journey.
Bankniftypattern
Bank Nifty Will Fall Expecting For 19-12-2022 As per my analysis, Bank Nifty Closed at 43216 and also broken this parallel channel in the last Friday session, I am expecting Bank Nifty Can Open Gap Down Around 100 to 120 Points, Near Around 43100 than It can Retrace till 43260-43290, If Not Break 43300 than we can expect again downfall till 43900, as per chart of 1 hour, 43900 is a strong level for tomorrow.
It's my observation based on my experience, if you have any suggestion or feedback, please feel free to comment below. I will be more happy to discuss about it.
MarkitVUE Disclaimer : Information provided here meant for study/education purposes only & should not intended to as a trading/investing advice.
Banknifty is ready for some correction
Banknifty is near the supply zone. We would love to sell in supply zone. We will only get bullish at marked demand zone or on break of the supply.
Banknifty - Triangle at big supportPrice making triangle pattern at the big support. Tomorrow one can expect rough open !! Big time for the option traders.
Banknifty The Falling 3 Method Will the Down Trend Continue?What Is the Falling Three Methods Pattern?
The "falling three methods" is a bearish, five candle continuation pattern that signals an interruption, but not a reversal, of a current downtrend. The pattern is characterized by two long candlesticks in the direction of the trend—in this case, down—at the beginning and end, with three shorter counter-trend candlesticks in the middle.
KEY TAKEAWAYS
The "falling three methods" is a bearish, five-candle continuation pattern that signals an interruption, but not a reversal, of the current downtrend.
A falling three methods pattern is characterized by two long candlesticks in the direction of the trend, one at the beginning and end, with three shorter counter-trend candlesticks in the middle.
The falling three methods pattern shows traders that the bulls still don't have sufficient conviction to reverse the trend.
It can be used by active traders as a signal to initiate short positions.
Bank Nifty Bank Nifty On Daily Chart is probably making an HNS pattern. Will it Complete the Pattern or not ?. This pattern is not been created, these pattern is just an assumption to plan further trades. It have almost reached the higher side of the left shoulder. Well lets see what market have for us in further time.
Banknifty 1 hour time frameHello Traders,
Please trade accordingly to your understanding.
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis and do share with your friends as well.
Banknifty Ascending Triangle Breakout ?Hello Traders,
More possibility of market opening Gap-up to Flat.
Is Banknifty ready for Breakout ?
Please trade accordingly to your understanding.
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis and do share with your friends as well.
Banknifty bullish Flag Pole PatternHello All,
Yesterday in my analysis, i had clearly mentioned of this Flag pole pattern in 1 hr time frame.
Hope you would have got good benefit of it, if you are following my analysis daily and deeply.
Happy Trading
Banknifty - Morning Star Pattern 10 AugWhat Does Morning Star Mean?
A morning star is a visual pattern consisting of three candlesticks that is interpreted as a bullish sign by technical analysts.
A morning star forms following a downward trend and it indicates the start of an upward climb.
It is a sign of a reversal in the previous price trend. Traders watch for the formation of a morning star and then seek confirmation that a reversal is indeed occurring using additional indicators.
The opposite pattern to a morning star is the evening star, which signals a reversal of an uptrend into a downtrend.
Can we expect a bullish move .. please put your thoughts into comment.
Banknifty Prediction Analysis Intraday Levels, 6 AugHello Traders,
Banknifty forming Head & Shoulder Pattern
Following are my analysis:
Resistance Level :
1. Good Resistance Zone at 36100-200
2. Strong Resistance at 36500
3. Stronger Resistance at 36000.
* Increasing resistance above 36000.
Support Level :
1. 35200-300 is Good Support Zone.
2. 35700 is a Good Support Level .
3. 35500 is Stronger Support Level .
No Trade Zone :
35670-35850
Trend Line:
Sell Below Both Red Trend Lines .
Head & Shoulder Pattern:
Watch-out for Breakdown of 35700 levels.
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.
Banknifty Forming Symmetrical Triangle What is a Symmetrical Triangle ?
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle.
A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend. The pattern is also known as a wedge chart pattern.
The price target for a breakout or breakdown from a symmetrical triangle is equal to the distance from the high and low ( shown as Blue Line ) of the earliest part of the pattern applied to the breakout price point.
The stop-loss for the symmetrical triangle pattern is often just below the breakout point.
Symmetrical triangles differ from ascending triangles and descending triangles in that the upper and lower trendlines are both sloping towards a center point. In contrast, ascending triangles have a horizontal upper trendline, predicting a potential breakout higher, and descending triangles have a horizontal lower trendline, predicting a potential breakdown lower. Symmetrical triangles are also similar to pennants and flags in some ways, but pennants have upward sloping trendlines rather than converging trendlines.
How to trade Dragonfly Candlestick ?Hello Everyone,
I have tried my best to explain, How to trade Dragonfly Candlestick pattern ?
Here, most imp point to consider is the Confirmation Candle ... why?
1. Market opened Gap down and was in the down trend, which broke the major Support level of 35000.
2. Now, this broken Support level would act as Resistance Level when market tries to reverse taking support of Trend Line .
3. At the same time, there was a formation of Dragonfly Candlestick indicating a Bullish move, so we should not immediately enter into trade as soon as formation of Dragonfly or Bullish Candle ...Why ?
a. We have an immediate Resistance Level of 35000.
b. If we enter as soon after completion of Bullish candle (Dragonfly), then our Stop Loss would be too big ... which is not good.
c. Also, the Bullish movement is not confirmed yet, so we should wait for confirmation candle.
4. Here, we see Confirmation candle breaking the immediate Resistance level and closing at the 35000 level.
5. Now, if we take trade after Closing of confirmation candle then Most Imp is Stop becomes very small compared to previous entry and we can see our target is achieved.
I hope you all like my teaching.
Please do share your thoughts/queries into comment section.
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Banknifty Formed Double Top Pattern on ExpiryWhat Is a Double Top?
A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs.
Or in simple words...
A double top is a bearish technical reversal pattern
It is confirmed once the asset's (Banknifty's) price falls below a support level equal to the low between the two prior highs...
Here ... a support level equal to the low between the two prior highs .. is 35500 level.. as shown in Yellow Circle.
How to take trade with Hanging Man CandleHello Everyone,
I have tried my by best to explain, How to take trade based on Bearish CandelStick (Hanging Man) formation in Banknifty .
If still you are not clear, put your queries into comment section or Correct e if i am wrong.
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please hit the Follow button to get the regular analysis.
Please give a like, it motivates me to do analysis and do share with your friends as well.
Banknifty Analysis Expiry Special 17th JuneHello Traders,
Stay safe and Trade safe.
Possible of Gap Down/Flat Opening ...Tomorrow.
Resistance Level :
1. Good Resistance Zone exists at 35100-300.
2. Strongest Resistance at 35500 .
3. Good Resistance at 35800.
Support Level :
1. 345000 is Strongest Support Level .
2. Good Support at 34800
Sideways Possibility:
More Sideways below 34800 to 35000.
No Trade Zone: 35000 -35100
Trendlines :
Sell below Red Trend Line .
Buy above 34800 and 34500 levels.
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please hit the Follow button to get the regular analysis.
Please give a like, it motivates me to do analysis and do share with your friends as well.
BankNIfty Complete Inverted Cup & Handel PatternWatch out for Inverted Cup & Handle Pattern ... Bearish Pattern
If 35000 Support get a BreakDown then a great Down fall can be expected.
Already breaked out at 35100 ...
Also look at the Red Trend Line..
Keep an eye on ..
BankNifty Expiry Special Day View
Hello Traders,
Hope you all are fit and fine ... Stay Safe and Trade safe...!
As predicted yesterday, BnkNifty Opened Gap Down ... Today...😎
Resistance Level :
1. Strongest Resistance exists at 35500.
2. Next Strong Resistance at 35800.
3. Stronger Resistance at 36000.
4. Good Resistance has developing at levels from 35500 to 35800.
Support Level :
1. 35000 has become Strong Support Level .
2. Good Support Below is 34500 Level.
3. Good Support Zone between 35100 and 35300.
SideWays Possibility :
More Chances of Sideways market at for the first half, Between the Range 35500 to 35000.
Imp Note :
Formation of Hammer Candel .. at support of 35250 .. what does it mean ... go and check video on my channel ... late in the evening.
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please hit the Follow button to get the regular analysis.
Please give a like, it motivates me to do analysis and do share with your friends as well.
