#BankNifty route=map for 8th AprilPlease have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
Target 1 can be a reversal level in Up-side, so Need to be careful.
This Study is Based on Harmonic Pattern, Fibo ratios & Price action.
If agree with the Study, then Please LIKE....As well as can Follow me for my future uploads & getting Live market ideas.
HAVE A GOOD GREEN TRADE
Bankniftytips
#BankNifty's Expiry special route=map 7th AprilPlease have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
Every Blue Zone is SL trailing Zone. Have drawn Two Dynamic Support Trend-lines also. Take confirmation with those as well.
This Study is Based on Harmonic Pattern , Fibo ratios & Price action.
If agree with the Study, then Please LIKE....As well as can Follow me for my Future uploads & getting Live market ideas also.
HAVE A GOOD GREEN TRADE
#BankNifty's route=map for 6th AprilPlease have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Study is Based on Harmonic Pattern, Fibo ratios & Price action.
If agree with the Study, then Please LIKE....As well as can Follow me for getting Live market ideas.
HAVE A GOOD GREEN TRADE
BankNifty's route=map for 5th AprilPlease have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
As i didn't find any related Harmonic Pattern . So, this Study is Based on Fibo ratios & Price action.
If agree with the Study, then Please LIKE....
HAVE A GOOD GREEN TRADE
BankNifty's Expiry special route=map [31st march]Please have a look into the chart to get all details, I have tried to draw everything as much need to do.
Will try to update in Live market if need.
Always remember : Don't be greedy, Take just as much you are needy
If agree with the Study, then Please LIKE....
HAVE A GOOD GREEN TRADE
NSE BankNifty: Technical AnalysisFirst, I recommend reading the previous report of BankNifty.
Link: BANKNIFTY Can't Wait to Fall – Even Without NIFTY's Help
According to technical analysis, Banknifty is trying to collapse. It needs solid support to reenter into the uptrend channel. The strong support is nearby the 34600 level. It will try to retest 35260 - 34880 - 34600 levels this week.
The uptrend will start in below two conditions:
A. If Banknifty remains above the uptrend channel.
B. If Banknifty breakout the parallel channel.
MACD , DMI , MA , and Volume are signaling bears are stepped in.
What will happen if conditions break? Don't miss reading the next report...
BANKNIFTY Can't Wait to Fall – Even Without NIFTY’s Help Key levels: 36496 - 37060
Bank Nifty was following the uptrend channel from Dec 2020, and it had broke on 02 March '22. There's a new parallel channel unfolded.
In the last trading session, Banknifty has created a shooting star pattern. And this pattern is a single line pattern that indicates an end to the uptrend. At the same time, it is close to a parallel channel resistance line. Moreover, advance traders must look at 100 EMA on it. These signs are signaling further decline. And that could be from the parallel channel's resistance line to control price.
An uptrend possibility comes from key levels breakout. So intraday traders can use it as an invalidation level. Moreover, Banknifty prices can hike up to that level this week.
If Banknifty doesn't cross/close above the second level, you should prepare for the following targets: 36000 - 35800 - 35400 below