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.
Hello traders
Hope you guys have made great profit today after breaking my level of 44050 for the target of 43750 and 43550 which is achieved today in expiry.
If you see the post that are posted yesterday you will learn and earn great in share market.
For now buying level will activate after crossing 43550 level and sustain above for some time then go for 43750...
seeing potential reversal in bank nifty
purely based on RSI DIvergence THeory
aiming for targets - 43630, 43555, 43230, 43050
a close of 4 hour candle below 43940 will trigger the sale for more safer entry
gud luck to ones who will enter based on my view
disclaimer - trade @ own risk
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...
