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Bankniftytrendanalysis

Entry Plan for BANKNIFTY 56000 Target We have completed 5 Wave move Up since Covid Fall and now in making of 5-3-5 Corrective pattern ((A)) ((B)) ((C)). Its too Early to confirm Connector ((B)) is completed however assuming it is done, we can now expect making of wave ((C)) Black is in process and we can have entry planned @ 31080 Level with target to en-cash Next Up move of Wave III red. Trade Plan : Well In advance Entry : 31080 Stop Loss : 27000 Target : 56000
NSE:BANKNIFTYLong
by profitadda
7
BankNifty view for the week of 20th - 24th DecemberGood evening all, Last week: We saw a the continuation down after a pull back from the previous one. This was necessary and a good one of between 50% and 61.8%. This provided us a good structure on both sides for the last week and next. This week: Our entry point is below 34800 with a potential target of 800 points on the short side. On the long side, we wait for 38000 to be breached for a target of 200 points/ But not a good RR ratio there. *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., hit like, follow me, and do spread the word.
NSE:BANKNIFTY
by ChartMantra
2
Why Bank nifty fall today?? Hello Everyone, Here You can see on chart bank nifty today panic fall from top, but why??? last 2 days market in Bull run...then why panic fall today??? so, don't worry I am here for analysis why fall..... 1) First you see market fall continue previous days and made Triple Bottom on chart you can see, 2) Then market Next open Gap up and Continue move upside and you should see on daily chart first Big Red candle and next day open Gap up and closed previous day high, so well if you understand candlestick pattern so you know already right?? 3) And also Bottom trendline support.. 4) you see there is flag pattern and breakout and today open gap up(There are two chances market open gap down because fear of omicron virus and gap up because flag breakout and also had weekend so no idea Monday where open Gap up or gap down), so its better to no carry position on weekend if you want peace of enjoy so.. haha.. well its depended upon you 5) Now, market open gap up but where open?????? direct nearest use resistance major trendline.. if you know that so hope you did not take buy position otherwise you know what happen next... market open gap up and broken use resistance trendline, its impossible without and good news to support market but today no news and market respect resistance and panic fall.. my suggestion is only one if you don't know TA so first learn deeply, and do paper trading so that you understand market sentiment.
NSE:BANKNIFTYEducation
by POWER_OF_STOCK_ANALYSIS
BankNifty view for the week of 15th - 19th NovemberGood evening all, Last week: The range we had marked between 40160 and 38400 ws well respected by the index and did not allow us any entry. Primarily all the profit booking that for buying that started in September & October. This week: Again the levels allow us entry ONLY after 40160 on the 'long' side and below 38000 on the 'short' side. Why 38000? Look at the dynamic trend line crossing through. A break down of that will give us a move of 500 points and then 500 some more. *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., hit like, follow me, and do spread the word.
NSE:BANKNIFTY
by ChartMantra
4
Bank Nifty Trade Plan for 15 NOV 2021Bank Nifty Trade Plan for 15 NOV 2021 Bank Nifty traded in a very tight range in the previous session and formed a inside day bar on the daily time frame waiting to explode. In case Bank Nifty opens gap up above 18831 and sustains then we can expect BN to test 38900 levels as first target. In case 38930 is taken out we can expect BN to test 39047/39100 levels. If weekly resistance of 39125 is taken out we can also expect next resistance around 39400 which is unlikely to test on same day. In case BN finds resistance around 38831 levels we can expect BN to test previous session closing price & CPR which will be our shorting targets. 38636 is a strong support for Bank Nifty, if that supports holds good & BN trades above CPR we can again look for possible long opportunity with first target of 38831. In case if CPR is compromised then we can look for shorting opportunity with possible target of 38500.
NSE:BANKNIFTY
by RaviChandran_Rajkumar
1
Bank Nifty Trade Setup for 09 Nov 2021Bank Nifty Trade Setup for 09 Nov 2021 Bank Nifty had managed to close above 39400 levels showing good strength. In case BN open flat and pull back to CPR finds a support, we can go long with first possible target of 39600/39700. In case of 39650 taken out and sustains we can expect possible next target possible targets as marked on charts. We can expect some shorting opportunity only if 39234 is compromised and forms a resistance.
NSE:BANKNIFTY
by RaviChandran_Rajkumar
3
Nifty Bank Futures Key Trading Level for 9th Nov 2021 Nifty Bank Futures Key Trading Level for 9th Nov 2021 Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together.
NSE:BANKNIFTY1!
by sbkurandwad77
Bank Nifty Trade Plan for 04 OCT 2021Bank Nifty Trade Plan for 04 OCT 2021 Bank Nifty traded in a very narrow range in the last session and managed to close above the next day CPR levels showing some signs of pull back. Bank Nifty likely to open with a small gap up opening. 37342 is the first resistance to watch out, if that is taken out successfully we can expect Bank nifty to find resistance from previous session Virgin CPR levels which is our Bullish Breakout zone of 37458. If break out is confirmed we can expect possible Target 1 & Target2. In case CPR is compromised we can expect possible Breakout zone 36994 & lower Target1 & 2.
NSE:BANKNIFTY
by RaviChandran_Rajkumar
Bank Nifty Trade Plan for 29 Sep 2021 Expect Bank Nifty to open gap down. Global weakness withnessed in the last trading session and expecting nifty to open gap down. Key levels on the lower side to be watched out are Bullish Reversal of 37653 and 37361 levels, Any of the these levels compromised on the lower side we can can expect BN to test out Target 1 and Target 2 (37 K levels). If that is compromised we can expect 36530 to be tested on the lower side. Very Narrow CPR and India VIX on high , expect some good volatile market and trade safe.
NSE:BANKNIFTY
by RaviChandran_Rajkumar