CMP 23,650
DOWN SIDE 1st TARGET : 22,600
Downside 2nd TARGET 22,115
Downside 3rd TARGET 21,240
Disclaimer: Iam not SEBI Registered, before taking any positions to contact your financial advisor,
Iam not responsible for any Profits or Losses, whatever Iam providing here is the purely educational and informational point of view
Hi Traders,
1. On the 5th of Sep 2020, I did not provide any second support why? If you see the fig of that day analysis, I provided only one red color support not second. Old followers know when I manifest the move of the next trading session or week I always mark two support and resistance in my fig. This is the first time when provided only...
We have a complete analysis in our previous Post, I was waiting for Wave 1 to complete; Its verified Wave By Wave and Now Wave 2 is forming which is a Flat structure; Wave A and B are almost complete; Wave is the the last Impulse and then we get the MOST AWAITED WAVE 3in downward.
Today expected gap down opening in banknifty. If it's trading below 22450 we will see further fall of 300-400 points. Next stronger support reversal chances from near 22000 levels.
I hope you can now see how BANKNIFTY represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...
Banknifty will open gap down in today's session near 23000 to 23100 level. 23000 is a crucial support for banknifty but if breakdown this level then we will see next fall towards the 22450-22500 level.
Bank Nifty Future has seen sell off from Channel Resistance technically, where some negative news has added the spice to the bears. For the September Series 25270- 25300 in the strong resistance and Strategy to sell on the rise should be the plan (CMP 23775) if Bank Nifty Future Closes above 25300 we may see BN again entering bullish zone.
Hi Traders,
1. On the 22nd of Aug 2020, in my blog on BNF series the point no. 1 trading plan section is quoting for your consideration as proof that given targets on upside precisely achieved by index as usual without fail. Every word was written so meticulously that proves the presence of perfect manifestation of the move six days prior...
BankNifty may likely to give breakouts in either way.
If Red upward trend line breach, then you may witness a downside.
In case the green resistance levels break, where multiple resistance is there, then Banknifty may rally.
Banknifty looks bearish and if it opens gap down then wait for a pullback to enter.
Lower timeframe 1M or 3M will give you a much more clear direction.
Banknifty moving in a channel and narrowing its range thus hinting us to break the lower trendline. Might be risky as we were entering before the breakout but if this thing works we may easily capture around 300 points.
Most of the people might be wating for breakout of lower trendline thus entring before the audience to have the first mover advantage, if it will...
![BANKNIFTY: BankNifty in Critical Zones [18 Aug 2020]](https://s3.tradingview.com/g/gUeSPa2J_mid.png "BankNifty in Critical Zones [18 Aug 2020]")
![BANKNIFTY: BankNifty Trade Setup [18-08-2020]](https://s3.tradingview.com/k/kDf2KPhs_mid.png "BankNifty Trade Setup [18-08-2020]")
![BANKNIFTY: BankNifty Bearish Rising Wedge [17 Aug 2020]](https://s3.tradingview.com/g/GvxnNPSs_mid.png "BankNifty Bearish Rising Wedge [17 Aug 2020]")
