As you are seeing here a declining wedge (wedge rules- gives good movement to opposite side) you are also seeing that last two breakout did not sustain , may be this time it will sustain if it crosses above 45044, above 45044 there is a high chance that it will reach 45295. but if it will goes inside again after breaking upside of the wedge then it will reach...
According to Keltner channel Bank Nifty spot taking strong support at 44745 , but if it crosses down its current low which is 44662, then it may travel to the level of 44427. if it crosses above 44849 then it may also travel to 45195 upside. if it spends an hour in between 44662 to 44849 then it may remain in this range for whole day.
As you are seeing here nor any candle closes above deviation , nor opened above it and then rejected , it means there is a high chance that whether from first deviaton or from median line it will take support and bounce upto third or 2nd deviation, after closing below median line you can tell that its started down move , till the sentiment will buy on sale.
Banknifty is taking support from monthly trendline and it is also taking support from the daily trednline(red). if it both the support breaks then we can see good down fall till 44800 level. If it takes support we can see upto 46000 level. buy above 45327 target 45465,45576,45653,45792,45997 sell below 45100 target 450045, 44937,44819,44703
Banknifty has broken the monthly resistance in a day. We need to watch if it's going to survive or will it take reversal from this level. Buy above 45262 target 45327,45465,45593 Sell below 45100 target 45006, 44854,44747
As i told you all in my previous analysis of Banknifty that it will reach pretty high, whenever Bollinger Band bursts , if price reaches already near standard deviation 3 , or within a day or two it reaches near standard deviation 3 , then price do not falls, it takes support of standard deviation 3 and goes much higher along with standard deviation 3, untill it...
As you are seeing here after breaking down long trend it went into making declining wedge now it also broke out wedge upside. if price goes above 44516 today , then there is high chance that it will achieve all the levels and may reach 45466 within a day or two. in downside if it goes down below 44205 there is a high chance that it will test wedge's upside...
Aready three times rejected from 44000 levels , as you can see a big pattern support downside, if banknifty breaks down this support then it may easily 43300. upside trend is still pretty much at distance , if price goes above 43779 , then it may face powerful resisdtance , follow C2C asap asnd trail SL, do not leave open position without SL to upside trades.,
Long upside trend tried to break thrice but failed, it this time crosses over 43885 then it may sustaing , but it will again face extremely strong resistance from 44052m extremely high liquidity area , profit booking may again come. if it crosses down below 43664 then may go deep till 43325.
banknifty is forming a triangle pattern. it has strong resistance and support in trendline. it can move in any direction with 500 to 700 points. Buy above 43934 target 44004, 44077, 44111,44177,44233,44444 Sell below 43777 target 43707,43634,43590,43522,43444,43362
banknifty has strong trendline support from march. if it breaks we can see more down fall towards 42000 level. Sell below 43494 target 43371,4325043177 buy above 43707 target 43777,43898, 44028
Huge long trend broke in 30 minute chart first time , it may retest its trend again. But it breaks down below -43383, you may see a deep move again , till 43042. if it test its trend with a gap up quick move and if time remains after, then you will again see a huge retracement. if it goes above 43716 and the price move will remain slow...
follow the levels and trade accordingly, it already broke a long trend in 30 minute chart, and may go down. but if takes upmove then it can sustain.
As you can see here banknifty tested 44000 resistance 4 times and broke in 5th time.and made new high. Current scenarion is also showing that banknifty tested support of 44000 , four times and may break in fifth. CON- sometimes when price test a support multiple times and do not able to break it . then it again moves above support, and it makes market...
Long trade broke but still taking support on 5 tops support (Pattern Support), if it breaksdown below 43975, then it may go down much deeper and acieve 43539, upside above -44312, it will face strong resistance may go in sideways.
Long trend with ascending triangle it can give you move both side, most probably long side if it breaks upside trend. if it opens at the same level where it left off and crooses over 44448, then you can go long , but keep in mind that between 44534- to 44506 is super strong resistance price may go down from here.but you can long with shifting sl to c2c asap.
Small trend about to break below 43865 , and if it breaks then it may go much lower side.and if price takes support around 43804 and goes above 43865 again, then it may go sideways again.
Buy Above 42684 (BANK NIFTY 42600 CE) Target 42825,42897,42985 Sell Below 42603 (BANK NIFTY 42700 PE) Target 42509,42411,42273,42149