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
BANK NIFTY once the level breaks we can expect this fall almost 5000 pts. Sell Entry Below 44400 (1 hr candle close) look for price action pattern in 15 mins on this zone. Stop-Loss @ 46900 Target 39550
Today Banknifty closed at 45367. There is a chance to take support at 45279 - 45250. Change to pull back for targets of 45479 and 45528. 45528 acts as a resistance here. If breaks can go till 45736. If banknifty opens breakdown at level 45150, if 45150 breaks out possible target would be 45021, 44900, 44822 and 44522 on the downside. So trade cautiously and...
BankNifty Analysis - Stance Bearish All checkboxes ticked for a bearish trend reversal. Firstly, we got confirmation when we breached the ascending channel bottom line. Secondly, there was no attempt to retrace once we started falling. The low of the day was hit towards the end of session. 4mts chart link - click here BankNifty has been the torchbearer for...
Bank Nifty next possible move for next few days expected.. rising wedge in small time frame already break, now again forming rising wedge in big time frame if you see the chart. This is my personal view and is only for educational purpose
BankNifty is trading in a channel on hourly time-frame, facing resistance at the upper line and now we expect it to test lower line of the channel. To motivate us, Please like the idea If you agree with the analysis. Happy Trading!
Bearish Deep Crab Activated In Banknifty 2 Way Trade Buy At Cmp 44814 SL - 44000 ( Day Closing Basis ) Target - 46292 Sell On Rise To 46292-46400 SL - 46800 ( Day Closing Basis ) Target - 45200/44800/44400 Target -
BankNifty Analysis BankNifty was perfectly neutral in trade today. I had a bearish call from yesterday but seeing the moves today it makes sense to switch back to the neutral mode. One reason why its not picking up direction would be attributed to the unavailability of information on the recent announcement by RBI. When the risk weights of consumer loans and...
Expected to have completed the rally from a low of 42105 on 26 oct and is now expected to be in 3 swing correcting against this rally and expecting a decline before any further highs as far as it remains below 43730
Bearish Bat Sell PRZ - 44306/44440 SL - 44740 Target - 43730/43500
As today market trapped sellers & and ended at previous day close So, there's no lquidity as sellers got out before market can take there money As market ends in a consolidation means there's not enogh money to go up or down Best probabily is market will open high tomorrow to trap buyers and gain their lequidity to come down and then take major seller money to...
As shown in chart bounce from 43600 looks like a Double zigzag correction and wave (c or iii) may decline below 42500 in coming days...SL for this trade will be above 45312(Not exact).
Banknifty 1day timeframe reacting #Double Bottom Strong support is over here 43720 to 43423 Good neckline supply zone 44727 to 44603 For short position should be below support are 43423 for long position should be above neckline area 44727 Please do analysis your own risk thank you
Banknifty is constantly struggling to clear the 20 ema and today also after a gap up opening it has closed near to the moving average. The market is not going in a flow and is creating volatility. Option seller are making profits while option buyer are not getting much opportunity. On the hourly charts, it has closed between both the moving averages and has...
Hi All, Hope all are doing great. Here’s my 1D timeframe analysis. As we can see in the chart from 14-Dec-2022 to 6-Apr-2023 around 113 days there was a good falling channel pattern. It broke and achieved twice the target. The next 113 days from the previous breakout is forming beautiful rising wedge pattern. As per the pattern nature it might break below to...
Two pattern coincidences on daily chart :- First one head & shoulder breakdown, but I will wait for one more day for confirmation. ( This will happen after retest confirmation at 44520-44500 level). Second pattern Cup & Handle pattern which is yet to breakdown & retest again at 44200 level. Both pattern above gives target of 42650 level. But yes I will wait for...
Bank Nifty make a double top pattern & breakdown giving already now it can retest those break down levels & after that big fall can be seen in Bank Nifty. But one more scary thing can be seen trendline from 39000 retest almost 3 time but this time Bank Nifty retest it very quick in time now if this trendline broken then can see more downside. R
Banknifty is in downtrend channel. Sell on rise is high RR trade set up for intraday. 44500 & 44000 rounding number can halt the price. Nifty re touched near to ATH again today but back made 3 day's low since both are not in line, big move may not come.