looking at RSI divergence on daily chart
eyeing for target - 43630, 43500
43500 pe entry around 125-130
stop @ your own comfort
disclaimer - trade @ own risk
Banknifty has formed double top and a symmetrical triangle pattern on 15mins TF and hrly TF. Even on Daily TF it has formed Double Top. Closing below 42466 can lead to more weakness.
bank nifty Fibonacci retracement levels,
daily timeframe,
downtrend Fibonacci retracement levels,
first retracement at 40740 (38.20),
second retracement at 41390 (50.00%),
third retracement at 42041 (61.80%),
thank you.
in.tradingview.com NSE:BANKNIFTY
In our view from the daily chart, BankNIfty is about to touch 37000. The reasons are shown on the chart.
There is an old gap left below and Elliot wave is also supporting the same. It has an inverted cup which is at handle level and there is no support in between.
So, all mixed up are confluence to consider BankNifty to go up to 37000.
March series is coming to a close tomorrow, but the options premium is already dead.
Only few strikes near the money has some more premiums to shed, all the other OTMs are well below the average rates to what we usually see on the penultimate day of expiry.
It also translates into very little movement expected tomorrow. Well today was an inside day - we did not...
If you just saw the open & close price of NSE:BANKNIFTY , you would have missed the real drama of the day. A perfect day for the straddlers - but i am 100% confident none of the traders would have held onto their position till close to realize the full profits.
Must admit there was no trend like yesterday, but there was spike in volatility in between - we will...
The FASP for BankNifty is listed for 14-03-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot...
The FASP for BankNifty is listed for 03-03-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot...
The FASP for Bank Nifty is listed for 22-02-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot...
bank nifty shorting opportunity near trendline . downside 39,800 targets possible . wait for price action
low vix indicating sideways moment in market.
NSE:BANKNIFTY has formed inverted triangle pattern below previous major support which is now acting as a strong resistance and stopping bnf from moving upside ,bnf should be ready for a major correction as it has created the pattern while testing all the fresh support and now there is nothing to stop the fall, but in case if bnf manages to break the pattern...
Pretty unconvincing price action by NSE:BANKNIFTY today morning esp after US markets SP:SPX fell 0.76%, TVC:DJI 0.76% and NDQ -1% overnight. This is in addition to the fall on 18th. SPX has now fallen consecutively for 3 days from the resistance level of 3991 & now 3945.
We hit the resistance of 42573 in the 2nd candle itself and a consistent rally from...
Take a look at the chart below, 5mts TF its a perfect continuation from yesterday - we broke the 1st support at 09.40 and 2nd support at 13.15 in the single leg.
And then we had a retracement back to the SR level (yellow dotted lines) and final close there.
So what do we infer from the charts today
Expiry level positioning worked out very well today, all the...
