Banknifty 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.
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...
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.
Price making triangle pattern at the big support. Tomorrow one can expect rough open !! Big time for the option traders.
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...
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.
Hello 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.
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...
Hello 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
What 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...
Hello 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...
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...
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...
What 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...
Hello 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...
Banknifty Day View Analysis - Homework ...
Hello 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...
Watch 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 ..