BankNifty Important intraday levels to watch for 17-07-2023 #Support: 44790 Short if candle closes below 44790 #resistance: 44920 Long if candle closes above 44920 #Targets on downside after break of support . Target 1= 44560 Target 2= 44420 #Targets on upside after break of resistance. Target 1= 45090 Target 2= 45315 Target 3= 45420 Follow us for...
#As Per Price Action Price Has given fantastic Trendline breakout You Can See In The Chart. *Now Price At 45150-45200 Strong resistance Zone If price Will break This Level Then We Can See Good Upside Movement In BANKNIFTY. *First Target: 45486 , 45700 *Stop loss Below Today Swing
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 45050 level then possible upside rally of 400-500 points upto 45450 Level. Any Major downside only expected in case banknifty starts trading below 44950 level.
15 min TF:- We can witness rounding bottom breakdown. One can enter for short side during retest level if we break today's low as R:R will be favorable. Also we are trading in a range for a quite some time. Range Break also give good trading opportunity. Levels are marked on Chart.
Banknifty has almost retraced to 50% fibonacci levels and taken support from 20 DMA. There is a doji again on the weekly charts and is respecting a support zone around 44600 levels. On the daily charts, a dragon fly doji was formed. Banknifty has respected the moving average and took a nice reversal from 20 ema. Market from the first hour was there for selling...
Banknifty on the other hand a totally contradicting price action that of Nifty50. If you have read my previous reports, I was continuing to look for bearish opportunities. The fall from the open to the low of the day was 375pts ~ 0.83%. This along with the previous day's price action would be more than enough for any chartist to go bearish. Thats when the...
Banknifty imporant intraday levels to watch. #support: 44620 #Resistance:44860 Buy above:44860 Sell below:44620 Follow us for more such information and give it a like if you appreciate the idea. Queries will be answered in comment section.
BankNifty Weekly Analysis Banknifty on the other hand is down 1.31% ~ 592pts between the last expiry & today. This was obvious as banknifty had shown a bearish trend ever since hitting the ATH on 4th July. Today for a brief period banknifty went above the bearish trend line but reverted to mean and closed within. It was when Nifty took out the ATH that BN reached...
Bank Nifty Structural Breakout. after long waiting finally bank nifty is out of its channel. Buy bank nifty cmp 44980 Target 45360 - 45650 SL 44800
You wont believe banknifty only fell 0.24% vs Nifty50 0.28%. But if you look the chart pattern, the feeling you get is total bearishness. This is mostly due to the previous session's price action & a continuing lower high pattern. The 09.20 candle itself fell by 162pts, and then the late selling adjustments in HDFCBK, ICICI, SBI & profit taking in Kotak Bank all...
BankNifty Important intraday levels to watch for 12-07-2023 #Support: 44700 Short if candle closes below 44700 #resistance: 44920 Long if candle closes above 44920 #Targets on downside after break of support. Target 1= 44520 Target 2= 44260 #Targets on upside after break of resistance. Target 1= 45150 Target 2= 45400 Target 3= 45650 Follow us for more such...
Good morning! As of July 12th, there is no significant difference compared to the last session. The global market is showing a positive start with moderately bearish market sentiment. It might open with a gap-up. If it sustains, we can expect the continuation of the pullback. after that if it rejects the immediate resistance zone, it will turn into a range market...
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.
Banknifty had a classic bearish pattern today. Opening gap up which was due to positive handout from global markets, then a rally of 205pts till 12.05. From there BN really lost the cool and was falling heavily. We had a total fall of 475pts ~ 1.05% till 15.05. If you compare the same time frame with Nifty - you will understand how N50 fared better. It did fall...
The FASP for BankNifty is listed for 12-07-2023. 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 Important intraday levels to watch for 10-07-2023 #Support: 44840 Short if candle closes below 44840 #resistance: 45096 Long if candle closes above 45100 #Targets on downside after break of support. Target 1= 44720 Target 2= 44520 #Targets on upside after break of resistance. Target 1= 45230 Target 2= 45400 Target 3= 45650 Follow us for more such...
Observations: 1.price opened in a demand zone and failed to take the price up wards... 2.The hidden demand zone acts as support and price moves up... 3.Yesterday's demand zone resist the price to go up....and price falls back... 4.while breaking the demand zone price, leaves a bearish gap and continue its fall till the hidden demand zone... 5.Bullish gap is still...
The FASP for BankNifty is listed for 10-07-2023. 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...