BANKNIFTY LONG 15MIN View BUY Above Trendline Breakout SL 100 Points Target - Mentioned in chart
Same view as Nifty - 31k is a psychological barrier - So sell on Rise mode until CZ is broken (Trade as per the setup taught in sessions)
As indicated earlier, perfectly respected levels which helped Today's decision making
The Support and Resistance Levels for the BankNifty. The most important Yearly Level for BankNifty @ 31584 got rejected and formed a Bullish pin bar of the weekly chart if the price holds above the level(31584) the next target will be 32763 (+575 Points) CMP @ 32187, if the level fails the next immediate support will be 30405 (- 1725 Points Approx).
There is a strong probability of Nifty Bank breaking the current trend and a huge upward movement will be the result of this. After the movement, it will face resistance at 32335 level. 32286 level will be broken, so entry in the range of 32280-32290 is recommended. This will have a risk to reward ratio of 1:1.02.
banknifty RSI negative divergence below 32080 weekness possible
if banknifty consolidates bellow 32000 sell with tgt of 31850
one can go long on banknifty if dosent breach the support and also call & put data shows 31300 as support and 31500 as major resistance
LONG TRADE IN BANKNIFTY INDEX NOTE:- -THIS TRADE IS CONTRARIAN VIEW -TRADE WITH CAUTION VIEW:- -INDEX IS TESTING ITS 21-EMA AFTER A LONG TIME EXPECT A REBOUND -200-BAR EMA ON HOURLY CHART IS TAGGING ALONG WITH CRUCIAL RETRACEMENT LEVEL TRADING VIEW ACC.TO SPOT LEVELS BUY@31300 STOP@31050 TARGET 1@31600 TARGET 2@31750 LOT:20 QTY:5
SUPPORT NEAR 164-158 ACCUMULATE FOR 198
Bank Nifty Analysis for 25 Nov 2019 Bank nifty core pivot range for the day remain at 31145-31222. If bank nifty manages to stay below the pivot range for 1 hour , shorting bank nifty for 30980 is viable option. Stop will remain somewhere between the mid range of pivot that is 31180. Range bound day between support of 30980 and pivot range of 31145-31222 will...
1. Banknifty is showing bearish sign over the lower time frame. 2. Breakdown from the major trendline support. 3. Expecting A-B-C Correction here after completion of 1-5 Sub waves. 5. Great R:R Here.
Banknifty Imtraday analysis || #BANKNIFTY
Indecisive street holds the major indices in a tight range for the week, looking for further cues it is still unclear which direction it would resume going forward. Nifty and Nifty bank respecting our supply zones of 12016 and 30641 respectively as mentioned in the last report. Nifty continuing to be in uptrend holds a key supply zone of 12016 with a stop loss...
IDFC FIRST BANK: The stock has taken support at multiple pivots and bounced with strength. The momentum is positive as shown by MACD as it is above the zero line in positive mode. The RSI is displaying strength above 50 levels on the daily charts. A strong close above 43 will be very positive with stock and it can move to 46 levels. A move below 40.50 will not be...