Bank Nifty respected the treandline? Or is going to break it?Bank Nifty didn't break the treandline near 23260 zones... If it breaks it then it will directly go for gap filling and kiss the 28100-28000 levels in coming days...
Bankniftyshort
BANK NIFTY: WEEK-TECH-SHEET->15th July 2019 to 19th July 2019ghstocktrading.webnode.com
ghstocktrading.webnode.com
BANK NIFTY: WEEK-TECH-SHEET->15th July 2019 to 19th July 2019
Bank nifty moves around -1093.95 pips from 15th July 2019 to 19th July 2019, in which bank nifty break last week 08th July 2019 to 12th July 2019 bottom 30346.70.
BANK NIFTY: Breaks June Bottom: 30220.70
BANKNIFTY | Bear FlagBANKNIFTY breaks down after a short period of consolidation. Apparently, price action is showing a Bear Flag pattern, which is confirmed with a close below 30,530. Target of the pattern comes in at 29,330.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
Banknifty Sellers are in ControlBanknifty Sell Near 30700-30750
Stoploss 31000 Target 30000-29800
Reasons For Trade- 1. Daily Trend Is down
2.Price moving in 15 minute channel
3.Bearish candlstick pattern formed near important support
4. Price has taken strong resistance of 200+50 days EMA on Hourly Chart
5. Risk Reward ratio is 1:2
Banknifty Buy After PullbackBanknifty Buy Near 31220-31200 Stoploss 31000 Target- 31500-31800
Reasons for Trade-1. Today is Budget day haigh volatility is expected 2. Daily Trend is Up 3.Price can take support from channel. 4.on 2Hr Chart 50 EMA support is available at 31125. 5.31070 important Horizontal Support. 6. Risk Reward Ration is more than 1:1.5
BANK NIFTY | Rounding Top spottedRounding Top pattern observed in Nifty Bank. Neck level is at 30200, which if the index breaks decisively, can be considered for Short selling. Target of the pattern comes at 28620.
We could also find that 61.8% Fibonacci retracement level of the previous swing falls at around 28600 coinciding with the pattern target. Hence if the index falls, 28600 region would act as a strong support. But for now 30200 hold the key and currently 30560 is acting as a resistance on the upside.
BNF May Fill this GapBank nifty is looking quite bearish, RSI is also showing the divergence. It may fill this gap in coming trading sessions, let's see what market kept for us.
Happy Trading!
Rachit
BANKNIFTY SHORT #PracticeTradeNSE:BANKNIFTY
#BANKNIFTY short at 30520 SL 31240 target 29530
#PracticeTrade #Positional
BANK NIFTY: WEEK-TECH-SHEET->06th May 2019 to 10th May 2019ghstocktrading.webnode.com
BANK NIFTY: WEEK-TECH-SHEET->06th May 2019 to 10th May 2019
Bank nifty moves around -1050.85 pips from 06th May 2019 to 10th May 2019, in which bank nifty break last week 29th April 2019 to 03rd May 2019 bottom 29550.05.
SELL ON RISE || BANK NIFTYSell Bank Nifty on rise with SL of 29923 and target of 29597 and a short term target of 29475 in the days to come. Adhere to the SL and trade volumes as per the entry price.
HDFC BANK DRAGS BANK NIFTY DOWN.NSE:HDFCBANK
1.The MACD indicator in the chart shows us that the MACD line (Blue Line) has crossed the Signal line(Orange line) and moved lower indicating bearish crossover (start of bearish trend) giving us a sell signal.
2.The DMA on the chart are 9, 50DMA both are moving downwards indicating a bearish trend.
3. We can enter short positions in the stock once the low of today's candle is broken and keep our targets at the support levels
* the above info is for study purpose only *
MARCH EXPIRY || BANK NIFTY || SELL ON RISE!One may sell Bank Nifty on rise with SL of 30280 and a target 29788. One might choose to sell the 30300/ 30400 CE options on rise depending on the risk profile. The mentioned levels are cash levels and are valid only for today.
WEEKLY || BANK NIFTY : A NOSE DIVE ON THE CARDS!Bank Nifty with today's close gave a bearish candlestick pattern on a 'weekly' basis which tells us that it will break 29350 in the coming week. One may sell Bank Nifty on rise with SL of 30030 and targets of 29150/29000 . The Nifty has also given the same kind of pattern and hence the downward move will have help from the Nifty heavy weights as well. The Rsi has confirmed the trend by giving a drop from the overbought region.
With expiry on the cards and MACD showing convergence a substantial drop can not be ruled out.
All levels are cash levels.
is it end of bank nifty bull run ?is it right time to sell bank nifty ?
share your opinion in comment sbelow
BANK NIFTY || AN INEVITABLE DROP!We got a bearish pattern on the banknifty charts (daily) which indicates upper hand for the bears and which tells that the present trend might take a breather. So it would be a good idea to sell on rise with SL of 29950 and targets of 29300/29160 for the short term.
All levels are Cash levels.
BANK NIFTY: WEEK-TECH-SHEET->11th March 2019 to 15th March 2019BANK NIFTY: WEEK-TECH-SHEET->11th March 2019 to 15th March 2019
Bank nifty moves around +1729.45 pips from 11th March 2019 to 15th March 2019, in which bank nifty break last week 4th March 2019 to 8th March 2019 top 27815.50.
If it continuous to break 29520.70.
Buy @t Entry: 29820
Stop Loss: 29020
Target 1: 30020
Target 2: 30087
Target 3: 30220
Target 4: 30620
SHORT BankNifty. It's struggling to hold on to it's pantsWe need to tread carefully. Intraday traders can reap benefits based on momentum and short term trend direction, taking 5/15 minutes candles into consideration. If looking at Intraday, then keep your fingers fast with at least 10-30 points profit, and exit. BNF, as of now, is like a drunkard in a Hummer.
BANKNIFTY , bank nifty sell call for 11 march it looks like market is now exhausted, and and likely to fall down at least 50 % of recent total gain. so it's advisable to look for sell opportunity
BankNifty Breakdown Possible... Target 26000 / 25600..!!Banknifty has already broken out from a rising wedge pattern... made a low at 26450... bounced back from there to test the breakout level and now again going down to test the low of 26450. In the attempt to re test It's forming Adam and Eve Top Pattern.
If Banknifty decisively breaks below 26450 then levels of 26000 / 25600 can come.
Please note that it's a Daily Timeframe chart... Target upon successful breakdown may come in 3 to 4 weeks.
Is BNF losing it's shine? Looks like that.Over the past few days BNF is showing weakening signals and is struggling hard to keep up it's earlier pace.
Wolfe Wave in Bank Nifty. Short for a Reward:Risk :: 2.43Wolfe Wave has given a signal in Bank Nifty.
Levels and Explanantions are given in the Charts.
Regards.
Dr. Strategy
#BANKNIFTY : Bears Just A Step Away !EW Analysis :
BN is in pullback mode from lows of 24400 and is showing a clear abc pattern on upside.
Trend Breakdown :
BN breached the up-trend in Sept 2018 which started from Mar 2016 and is now retesting the up-trend support which now becomes resistance for BN .
Supertrend Resistance :
Any weekly close above 27800 on BN would change the bearish signs to an overall bullish position. But if BN closes below 26800 on weekly, it would open lower levels for BN .
Head & Shoulder Pattern :
BN is clearly showing a H&S pattern.
Now with 1 bullish close of above 27800 on weekly vs 4 bear case scenario: Lets see who wins.
With Budget 2 weeks away on 1st Feb --
Long above 27800 on Weekly Close !
Short below 26800 on Weekly Close !
Banknifty - Short Side Active - 25400BnF has reversed from the .78 fib retracement in a classic channel.
It is all set to touch the support of 25400.
With the last election budget coming up, this doesn't seem far. A massive sell-off is enough.
