"The Bank Nifty is showing signs of a potential bearish breakdown from a symmetrical triangle pattern. After a sharp decline, the index has been consolidating in a triangle formation, which often precedes a significant move. Key levels to watch: Resistance: ~51,400 (upper trendline of the triangle) Current price: 51,269.55 Support: 51,017.60 The increased volume...
Symbol - BANKNIFTY BANKNIFTY is currently trading at 53920 I'm seeing a trading opportunity on sell side. Shorting BANKNIFTY Futures at CMP 53920 I will be adding more position if 54400 comes & will hold with SL 54720 Targets I'm expecting are 52800 - 51800 - 51100 & below. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my...
Upside - Banknifty sustains above 51330 then only upside move possible. Downside - 50912 is broken then 50439, 50286 levels are possible.
Why Shorting Bank Nifty? Initially we expected Bank Nifty to touch 53500 but wave 5th failed by 150 points. High made 53357. Bank Nifty is entered downtrend by breaking IChimoku TS KS in 1hour and price action levels. CMP: 52641 Entry: 52600 Stop Loss: 52985 Target: 51675 Disclaimer: We are not SEBI registered. The content presented here is based on...
BANKNIFTY shows consolidation in the previous session level at 52500 we all know that everyone supposes the market will crash at any time and BankNifty also shows the indication of a bearish move. The 23 July is the most important day for the F&O traders this is the day the budget is announced. Then we see the market sentiments where it goes either bullish or...
Hello Traders. As we can See that Banknifty is Currently trading at DO or DIE zone. Sellers have Taken control over the scrip & once the level of 52000 Has been Broken the sharp move we can See. Happy Trading PRINCE
Bank Nifty is expected to fill the fair value gap at 51802 or 51646. Following that, a bounce back from 51646/51802 to 52656 can be anticipated.
Based on Ichimoku, demand-supply zone and Wave Analysis, We see good shorting opportunity in Bank nifty. Entry: 52559 Stop Loss: 52917 Targets:51,918, 51575 and 51030 CE sell with Ce edge is best option. Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified...
As per Ichimoku, Bank Nifty has turned bearish, and we see good opportunity in shorting with small Stop loss. Entry - 52906 Stop Loss - 53050 Target: 52260
Time: 10:22 AM, 26th June 2024 Bank Nifty Current Market Price: 52,585 Stop Loss 53100 Targets: 47843, 44,897, 44,444 and 40135 We shared our view on Bank Nifty (BN) in yesterday's post. A few people asked us to share the complete wave count in BN in detail with trendlines. Bank Nifty has completed its degree (2020-2024 wave). It has to go down for Degree 2,...
We can go short in BN positionally with very small Stop Loss.
Symbol - BANKNIFTY CMP - 51720 BANKNIFTY is following a rising channel & headed towards its higher end. Currently It is trading 51600 - 51750 & trying to break it on upside. According to my analysis, BANKNIFTY will face strong resistance around round level 51500 - 52000 which is also upper end of the rising channel. In case it breaks it on upside, A breakout...
We have a good 1:2.5 RR shorting opportunity in Bank Nifty. Entry: 51405 Sl: 51734 Target: 50554 Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Sell Bank Nifty 51500 @ 69 for 26th June expiry, buy 51900 @ 33 , 26th expiry, for a hedged sell for the end of month expiry. Current Bank Nifty high with all the election fever was 51100, looking at that selling 1200 points away from current index at 50300
As we discussed, Banknifty's structure opened a gap down and fell. If we look at the chart now: The market is making Hammers at the top. Now, the market is in a very crucial position. It is trading at the support trendline and support zone. The market is making a rising wedge pattern. If the market breaks the pattern to the downside, it will be a good...
There is a possibility of Triple zigzag correction OR Ending Diagonal pattern in Bank Nifty which suggest sharp fall as drown in chart...Kindly understand detail analysis and logic behind this conclusion and Trade safely with Risk management.
Bank Nifty is forming head and shoulder pattern in daily timeframe and also forming symmetrical traingle pattern. Here are some levels for your knowledge. I am not SEBI REGISTERED analist, this is only for educational purpose
Banknifty looks weak if sustains below 46800 for the downside for 1000+ points. One can sell the trade and refer to targets marked on chart with green chart until 47210 is intact on the upside. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team