Get started

Bankniftytrendanalysis

Banknifty daily analysis for 14/02/23.Banknifty has given a negative candle but still the market is holding the support levels of 41250. The market has been facing resistance from the 20 ema and if it crosses today's low, it can test the round number of 41000. On the hourly charts, the market has formed a bearish flag and pole. The market in the initial hour gave a fall and consolidated whole day in a narrow range. The market has closed below both the moving averages. The market has is showing some negativity and if it continues the trend, it can test lower levels. On the 15 minute charts, the market has formed a bearish moving averages cross over. support :- 41240, 41000, 40840 Resistance :- 41380, 41680 Wait for the price action near the levels before entering the markets.
NSE:BANKNIFTY
by TheMamboMomentum
Bank Nifty Next week ForcastPlease have a look into the chart to get all details, I have tried to draw everything as much i found according to my study. This Analysis has Based on Harmonic pattern, Fibo-retracement & Price action. Note:- Any of the mentioned levels will be considered for LONG or SHORT, when a fresh candle starts forming above or below the level respectively. If agree with the Analysis, Then Please LIKE...As well as can Follow me to getting my future analysis. HAVE A GOOD GREEN TRADE
NSE:BANKNIFTYShort
by TradeInKey
2
Banknifty daily analysis for 09/02/23.Banknifty for last 3 trading session has been holding the upper levels and forming doji on the daily time frame. There is a double resistance i.e. 20 ema and the resistance zone. Tomorrow expiry can be trending and if the market crosses and closes above 42k levels new high can be seen soon. On the hourly time frame, market has given a good consolidation and traded between both the moving averages. The market tried to crosses the recent high but couldn't sustain the levels and dropped back to the lower levels. On the 15 minutes chart, the market traded around the 20 ema. Support :- 41450, 41280-320 Resistance :- 31680, 42000 The market has been trading in narrow range. The break out or break down of the zone can give good movement and targets. Wait for the price action near the levels before entering the markets.
NSE:BANKNIFTY
by TheMamboMomentum