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Bankniftytrendanalysis

Banknifty Analysis Intraday Levels 7 JulyHello Traders, Following are my analysis: Resistance Level : 1. Good Resistance Zone exists at 35700-800 and 36200-300. 2. Strongest Resistance at 36000 . 3. Strong Resistance at 35700. * Increasing resistance above 35700. Support Level : 1. 35000 is Strongest Support Level . 2. 34500 is a Strong Support. 3. 35200-400 is Good Support Zone . Sideways Possibility: More Sideways above 35500 to 35700 , if market sustains above 35500 No Trade Zone : 35400 - 35500 *Imp Point: Sell below Trend Line and at reversal from Resistance level shown. Buy above Trend Line at 35550 levels. This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis and do share with your friends as well.
NSE:BANKNIFTY
by kiranrshinde
1
BNF Intraday view for 06-07-2021Good evening, For tomorrow, my view is slightly on the neutral side as the level that BNF has reached is a strong PRZ. We may see a reversal from this point. If we do... Short entry is at 35100 Target 1 - 35000 Target 2 - 34900 Target 3 - 34700 to 34650 However, if the market carries today's sentiment and sustains over 35300, then we'll see Long entry is at 35300 Target 1 - 35400-35450 Target 2 - 35550 If you like my view and ideas. Please support me by hitting the like and follow button
NSE:BANKNIFTY
by ChartMantra
2
BANKNIFTY AT NO TRADING ZONEBanknifty currently trading at NO TRADING ZONE, the levels being 34900-35150, it has been an area of confusion since last month ! Break on either side with proper candle close candle would define the next upcoming trade which could be potentially be breaking above! Even If breaks below don’t short aggressively as MAIN TREND being bullish and every dip now is a buying opportunity On break of 35150 with proper candle close can give rise to 35400, 35600 respectively If any chance breaks below ! Wait for retests for confirmation of breakdown else it might result to many fake breakdowns today MUST WATCH
NSE:BANKNIFTY
by Wealthcam
BANKNIFTY CHART ANALYSED FOR UPCOMING TRADING SESSIONS Banknifty under perfect INVERTED HEAD AND SHOULDERS pattern identified which shows bullish continuation but not at one go! , Since the momentum done was huge on Friday, there is probable chances of market being sideways for upcoming couple of days and continue its bullishness For better confirmation make sure BANKNIFTY sustains itself above 35600 which had been an area of confusion As per last discussion we already have BULLISH POSITION running as of now! Keep trailing your stoplosses on the higher lows that are being made
NSE:BANKNIFTY
by Wealthcam
BANKNIFTY - Long BANKNIFTY - Long Inside Candle pattern Formed Will Go upwards in next few trading sessions. Invest & Trade Wisely! Good Luck! *** You can also see my other stock analysis and the results in my profile ideas. Please follow me , If you would like to see more ideas on winning stocks. *** **Disclaimer: I am NOT a SEBI registered consultant/Advisor. It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock/Forex/Coin buying or selling. Please do your own research and consult with your financial advisor before taking any action. I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index or/and Forex or/and coins . ***
NSE:BANKNIFTYLong
by pmosesoliver
BANKNIFTY ABSORBED THE WORLD MARKET PRESSURE! NOW WHAT?? Beautiful REVERSAL was seen yesterday from 34000 levels which was pretty much expected as yesterday’s low was well respected and not broken, the reason behind the reversal was that as you go back around 21st of May you can see 34000 level has been acting a good RESISTANCE, and it’s very break gave spontaneous 400-600 point move in one go ! Now what ? It is expected that BANKNIFTY will take a halt after this huge move which will also make today as PREMIUM EATING DAY so be cautious trading on index options On the other hand if given RESISTANCES are broken it is again expected to carry on its bull run but wait for the candle close confirmation
NSE:BANKNIFTY
by Wealthcam
BANKNIFTY WILL CONTINUE ITS DOWNTREND ??As of now BANKNIFTY seems to be under international pressure wherein in these scenario not much of technicals work but in a long run BANKNIFTY and NIFTY is still bullish! The reason being me saying BULLISH because every time the market tries making new lows, BULLS comes up and closes strong and the closing price of market is what decides the sentiments of market ! Level to look at for tomorrow at are SUPPORT 1 - 32300 which acted as a NECKLINE for W pattern and reversed from that very level SUPPORT 2 - the multiple rejections and a psychological level makes it very important Could be a volatile day driven by world market pressure, trade cautiously
NSE:BANKNIFTY
by Wealthcam
BankNifty Intraday Levels Analysis 21st JuneHello Traders, Resistance Level : 1. Good Resistance Zone exists at 34700-800. 2. Strongest Resistance at 35000 . Support Level : 1. 34000 is Strongest Support Level . 2. Good Support at 34300. 3. 34500 is a good Support. Sideways Possibility: More Sideways below 34500 to 34700, if market opens below 34700 This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. I hope you all like my analysis. Please do share your thoughts into comment section. Please hit the Follow button to get the regular analysis. Please give a like, it motivates me to do analysis and do share with your friends as well.
NSE:BANKNIFTY
by kiranrshinde
7