Broad declining wedge , this type of wedge when breaks upside gives nice move, but here situation is little diffrent cause above thias wedge there is sidways area, if market opens big gap up there is a high chance that after making one or two positive candle whether it will fall or will go sideways.
As i told in my previous analysis that if price again goes down below this prvious 5 tops pattern support it will go down much lower and it went. now there is a high chance that price may again try to climb above this 5 top resistance ,today, and if it happens than you may see a good upmove. but if it crosses down below 43803, you may see 43432 level.
Follow levels , and trade with proper logic, SL is traders best freiend, don't forget to put Stoploss.
Banknifty levels , trade properly , and follow levels , maintain sl properly.
Understanding the levels according to the trends and legs formed. trade with strict SL as tomorrow is Monthly expiry , only DIP ITM must be consider.
NSE:BANKNIFTY Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it. Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout. Support zone: This zone will mainly work as support. Once price sustain...
Banknifty standing just above a strong support of 42966. if banknifty crosses above 43113 then it may also cross 43266 and may reach to the level of 43418. between 43266 to 43418 is also an extremely strong resistance zone . If Bank Nifty crosses over 43418 then it may also cross 43571 and may reach to the level of 43713. if banknifty crosses down below...
BANKNIFTY Intraday Trade Setup For 30 Dec 2022 Buy_1-Above 43500 Sl-43390 T- 43860 44170+ Buy_2- From 42990 Sl-42880 T-43250 43500+ BANKNIFTY has closed on a bold bullish note with 1% gain. It has closed near day high which is once again a positive sign left for next trading session. This bullish momentum is likely to continue above today's high- 43500. A...
As per my analysis, Bank Nifty Closed at 43216, I am expecting Bank Nifty Can Open Gap Down Around 100 to 120 Points Near Around 43100-43080 than It can Retrace till 43260-43290, If Not Break 43300 than we can expect again downfall till 43900-43865, as per chart of 15min chart, 43900 is a strong level for tomorrow, If in case it will break than we can expect more...
In the index support level gradually shifting higher. 44000 is new support As long as Banknifty managed to close above 44000 next target will be 44444 followed by 44780
Banknifty standing just below a strong resistance zone of 43713 to 43876. if banknifty crosses above 43876 then it may also cross 44034 and may reach to the level of 44187. between 44187 to 44323 is also an extremely strong resistance zone . If Bank Nifty crosses over 44323 then it may also cross 44481 and may reach to the level of 44644. if banknifty moves...
This is banknifty 15 min chart to the day I have mentioned all the support and resistance levels
NSE:BANKNIFTY Trade Setup for 21-11-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up...
Banknifty standing just below a strong resistance zone of 41256 to 41421. if banknifty crosses above 41421 then it may reach to the level of 41579. between 41579 to 41733 is also an extremely strong resistance zone . If Bank Nifty crosses over 41733 then it may also cross 41887 and may reach to the level of 42041. if banknifty moves down below 41256 then it...
Banknifty standing just below a strong resistance zone of 41062 to 41256. if banknifty crosses above 41256 then it may also cross above 41421 and may reach to the level of 41579. between 41579 to 41733 is also an extremely strong resistance zone . If Bank Nifty crosses over 41733 then it may reach to the level of 41887. if banknifty crosses down below 41062...
Banknifty standing below an extremely strong resistance of 38781. if banknifty crosses over 38781 then it may reach to the level of 38947. between 38947 to 39108 is also an extremely strong resistance zone. If Bank Nifty crosses over 39108 then it may also cross 39301 and may reach to the level of 39483. if banknifty crosses down below 38608 then it may...
Banknifty standing above a strong resistance zone of 39108. if banknifty crosses above 39108 then it may reach to the level of 39301. between 39301 to 39483 is also an extremely strong resistance zone. If Bank Nifty crosses over 39483 then it may also cross 39632 and may reach to the level of 39798. if banknifty crosses down below 39108 then it may also...
Banknifty standing just below a strong resistance zone of 40878 to 41062 if banknifty crosses above 41062 then it may also cross above 41256 and may reach to the level of 41421. between 41421 to 41579 is also an extremely strong resistance zone . If Bank Nifty crosses over 41579 then it may reach to the level of 41733 . if banknifty moves down below 40878...