Trend analysis of Banknifty at the end of the week.
NSE:BANKNIFTY1! BANK NIFTY poised for a repeated history, in coming week we might start the journey towards 35000 zone, respect the zones and wait for bearish signal by the end of this week, no shorting till price is above all time high zone if we do get breakoput over all time high.
banknifty forming a failing wedge pattern if it sustains above 43782 possibly it can try break the 44132. Buy above 43786(43700 CE) Target 43885, 44005,44132 Sell below 43579 (43500 PE) Target 43465, 43333,43186
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44050 level then possible upside rally of 400-500 points upto 44450 Level. Any Major downside only expected in case banknifty starts trading below 43950 level.
Bank nifty have taken support at day's low, and this is the best entry point to go long from here. MACD Is also giving proper bullish crossover and RSI also showing relative strength. Chances are high for price reversal from here. So go long with given levels. As today is expiry day market will be very very volatile so please trade carefully and use proper stop...
We have a short analysis of trend of how market is reacting to the emotions of market. (This is not a prediction or an recommendation to buy or sell this is purely for study purposes)
BankNifty, Elliottwave Analysis, Ending Diagonal Daily Chart Analysis
Bank Nifty, Elliott wave, Ending Diagonal Daily Chart
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 43550 level then possible upside rally of 400-500 points upto 44950 Level. And this rally can extend for another 400 points if it gives breakout of 44050 level. Any Major downside only expected in case banknifty starts trading below 43450 level. also possible Downside 43950 level.
Good morning! As of May 18th, the global market has shown a positive start with a bearish market nature. There may be a gap-up at the beginning, and there is a possibility of a sub-wave 4th. So, if it sustains, we can expect a minor three-wave structure. After that, if it rejects in the key zone, we can expect the 5th wave on the downside. However, the minor...
Considering the expiry and price trading at ATH zone, it is advisable to wait for clear direction of the market, if we need to get breakout then price is most likely to consolidate before the resistance.
The FASP for BankNifty is listed for 18-05-2023. 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...
Inverse Head & Shoulder Width 160 points Target 160 points hit
Once again banknifty has outperformed Nifty50, the intraday recovery from 14.30 to close facilitated by the bulls of the banks. The price action formed today is interesting, but it is not compelling for a sentiment change to bearish as the support of 43253 is still untouched. If you look at the chart pattern today, it was a decent continuation of the trend from...
This is my view on Bank Nifty, what is your view tell me on comments
Today will be FLAt opening in BANKNIFTY . After opening if banknifty start trading below 43950 level then possible downside rally of 400-500 points upto 43550 Level. Upside only expected in case banknifty starts trading Above 44050 level.
In my opinion Bank Nifty will fall. I am sharing my view, what is your opinion? tell me on comments..
The FASP for BankNifty is listed for 17-05-2023. 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...