Banknifty important levels to watch are as follows #Support: 43860 Sell below: 43860 only on 15 minute candle closure below the level. Target 1: 43730 Target 2: 43600 Target 3: 43455 #Resistance: 43970 Buy Above: 43970 only on 15 minute candle closure Above the level. Target 1: 44180 Target 2: 44410 #Demand Zone: 43700-44800 may act as a immediate buying...
Timeframe: 15-minute chart Support Zone: 43670-43576 Resistance Zone: 44228-44315 Trade Overview: In this trade idea, we'll focus on scalping the BANKNIFTY using the support and resistance zones identified on the 15-minute chart. Scalping involves making multiple quick trades within short time frames to capture small price movements. Trade Plan: 1. Entry...
Bank Nifty Level fo 17 Aug #Support Buying Level - 43940-44060 #Selling Level - 43650 Below Note - Only for Edcation Purpose
As Nifty50 price at upper trend line and Bank Nifty gave a upward move with support at 43600 next three trading session will decide whether there will be any upward move or not. 44200 level could be critical for BNifty, as it will be acting as immediate resistance and Downward trend line break level.
From the moment we started today, Banknifty looked and stayed bearish for the entire day today. In the opening minutes we dropped 1.06% ~ 465pts and then there was a decent recovery of 403pts ~ 0.93 by 15.05 Last session we discussed the support/resistance zone of 44068. We have broken that today and the close ensured we have conclusively breached it. HDFCBK made...
The FASP for BankNifty is listed for 17-08-2023. 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 important levels to watch are as follows #Support: 44000 Sell below: 44000 only on 15 minute candle closure below the level. Target 1: 43790 Target 2: 43540 #Resistance: 44200 Buy Above: 44200 only on 15 minute candle closure Above the level. Target 1: 44410 Target 2: 44570 #Demand Zone: 43900-43960 may act as a immediate buying zone, and price...
Hi All, Hope all are doing great. Here’s my 1D timeframe analysis. As we can see in the chart from 14-Dec-2022 to 6-Apr-2023 around 113 days there was a good falling channel pattern. It broke and achieved twice the target. The next 113 days from the previous breakout is forming beautiful rising wedge pattern. As per the pattern nature it might break below to...
"Good morning! As of August 16th, the global market sentiment is negative (based on the Dow Jones alone), while the market trend is moderately bullish. The market might start with a gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a minimum 38% pullback. If it breaks the immediate support zone, then the...
I am a student of the Market. I am studying EW Indicator. So You know that I am not a pro trader. I like to publish my IDEA about BANKNIFTY . It is a possibility of a Down move in BANKNIFTY or Maybe not...!!? Let's See what happens.....
Banknifty also made a decent recovery after the 482pts ~ 1.09% fall in the opening 20mts. It retraced 433pts by 15.00. And then fell a little to close out with only 0.2% losses @ 44090. Even though the recovery was good, it was not as dramatic as Nifty50. And we are back at an important support/resistance level of 44068. So bank nifty has retested its old SR...
BankNifty important Intraday levels to watch are as follows Expectations: Trending Day #Support: 44120 Sell below:44120 only on 15 minute candle closure below the level. Target 1: 44020 Target 2: 44890 #Resistance: 44265 Buy Above: 44330- 44265 only on 15 minute candle closure Above the level aggressive buy above supply zone. No fresh positions to be...
"Good morning! As of August 14th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone), There is no significant difference from the last session. While the market trend is bearish. Therefore, there might be a start with a minor gap-down. After that, if the market takes a pullback around the immediate support zone, we can...
Hi, A Bearish Head and Shoulder Pattern is visible on the daily charts of $NSE:BANKNIFTY. So caution while going ahead in bank nifty. The breakdown is not yet cponfirmed.......... after the breakdown bank nifty may go down to 42000 in near term. After Confirm Breakdown levels will be poted..... If you agree with the idea then hit the airplane icon and don't...
Banknifty has started trading below the previous swing low and closed below it. Volume are getting low on the weekly charts and it is near to the 20 EMA, there are chance of market testing the moving average. On the daily charts, banknifty has formed a bearish candle and after retesting 50% levels it has started trading below the swing. There is a bearish trend...
Sell BankNifty below 44100 for the marked targets on the chart. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
The FASP for BankNifty is listed for 14-08-2023. 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...
Banks were just continuing the trend from yesterday. The first candle saw a swing of 247pts ~ 0.56%. From there they were holding it steady till 12.40. Something interesting happened at the 13.00 candle which was a strong green of 128pts. HDFCBK, ICICI, SBIN, AXIS all were shooting up. What happened right after that was a super spike in RELIANCE (up 1.38%...