BUY - DHANLAXMI BANK LTD CMP - Rs. 16 Target - 1: Rs. 21 Target - 2: Rs. 29 Target - 3: Rs. 36 . . Technicals - Inverse Head and Shoulders Pattern BO . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
1. Bullish H&S pattern (Reversal/ Inverted H&S Pattern) 2. Price turning from support giving a false breakdown, on daily TF earlier resistance. 3. Major trend bullish, short term was bearish until this reversal set up appeared. 4. Now for short term buy on dips is logical to trade.
Banknifty Prediction: BEARISH Trend / Negative Sentiment Banknifty is in Down trend - Until it tests 43800. We can expect BULLISH reversal from 43800 but if that is compromises 43400 support will be tested. Global cues indicates, Monday BNF likely to Open Gap down. SELL entry points are 44551 below or 44800 levels. BULLISH trend only if trades above 45200....
Banknifty on the other hand is still in the bearish zone and still continues to provide some hope for the handful of bears that are left. Even though we ended up with 0.82% gains compared to 0.7% of Nifty, banks are still not out of bear hold. The reason is the price action. We had an intraday rally of 601pts ~ 1.35% and then a fall of 525pts ~ 1.17%. Although I...
Guy's we have seen neat and clean Inverted head and should pattern, now chances are high we can see huge reversal from here, so if anyone wants to take trade for long can take with strict stop losses. Levels i already have marked on chart. Since morning Market is looking bearish, in first half it has given recovery in V shape, but definitely that is...
"Good morning! As of August 4th, there is no significant difference compared to the last session. However, the global market sentiment is slightly positive (based on the Dow Jones alone), and the market trend is bearish. There is a possibility of opening with a neutral to slight gap-up. Afterward, if the initial market breaks the previous day's closing price, it...
ENTRY TARGET SL Mention in the chart. ALWAYS TAKE TRADE WITH CONFIRMATION Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
BANKNIFTY Intraday Trade Setup For 04 Aug 2023 Sell_1- From 44890 Sl-45000 T- 44600 44300 Sell_2- Below 44270 Sl-44380 T- 44000 43750 BANKNIFTY has closed on a bearish note once again with more than 1% cut. Sell triggered as per trade setup below 44720 and hit almost both the targets (44720-44280). Tomorrow we if there is a gap up opening near 44890 then we...
From yesterday we were bearish, so the moves in the forenoon session gave us some validation. But it was nothing like Nifty, the cuts in banknifty were not aggressive even though we lost similar points. The options flow was not indicating that deep a fall till afternoon - the premiums on nifty was far superior than banknifty (which has been unusual lately)....
Bank Nifty Actionable Idea #Current Price- 44582 #Resistance- 45612 #Support- 44457 #Target 44746, 44890 And 45007we can expect after a break of Resistance #Target 44241 And 44035 we can expect after a break of Support #Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance...
BankNifty Weekly Analysis Banknifty has fallen an impressive 3.18% compared to just 1.89% of Nifty. The major reason for that is Banknifty always acts as leading indicator in a trend change NiftyIT and Reliance were supporting Nifty in the last week. Once the US market started falling due to the Fitch rating downgrade, NiftyIT started correcting which ensured...
The FASP for BankNifty is listed for 04-08-2023. 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 levels...
Banknifty in 2 days have lost more than 1000 points and today has given a doji candle after testing 44300 levels. On the hourly charts, a bearish moving averages cross over has been formed. Banknifty has given a nice fall and can take halt for a day before giving a fall. Market now after 1000 points fall may take a halt or retest before another fall. On 15...
#NAVINFLUOR... Intraday as well as swing trade All levels given in charts ... IF good potential seen then we work in options also if activate then possible a good movement Keep eye on this ... We take trade only when it activates... Possible to give good target TRADING FACTS
BankNifty important intraday levels to watch for 03-08-2023 #Support: 44750 (Immediate support for scalping 44880) Short if candle closes below 44990 #resistance: 45090 Long if candle closes above 45090 #Targets on downside after break of support. Target 1= 44600 Target 2= 44420 #Targets on upside after break of resistance. Target 1= 45240 Target 2=...
Bank Nifty Actionable Idea #Current Price- 44989.40 #Resistance- 45187.45 #Support- 44969.85 #Target 45403 we can expect after a break of Resistance #Target 44723 And 44549 we can expect after a break of Support #Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or...
"Good morning! As of August 3rd, the global market sentiment is slightly negative (based on the Dow Jones alone), and the market trend is bearish. Therefore, whether it opens with a gap-up or down doesn't matter. If the initial market experiences sharp declines, we can anticipate a continuation of corrections with minor pullbacks (potentially breaking the previous...
Bank Nifty next move in few days as per my opinion, may take pull back and fall down with a rally. please share your view in comment section