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Bankniftytrendanalysis

Banknifty 10/05/2021Hello Everyone, Hope you all are fit and fine ... Stay Safe and Trade safe...! As per my analysis, BNKNIFTY will Open GAP DOWN with 100-150 pts. Resistance Level : 1. We already have an Existing Resistance level from 32950 to 32900 since start of this week and market has closed below this level, so the chances of Gap-Down Opening are to high. 2. 33000 is next level of Resistance. 3. 33200 to 33300 is next level of Resistance, of which 33200 is another strong level. Support Level : 1. 32700 to 32800 is becoming good/decent support level. In todays trading session you might have seen the reversal from 33800 level. 2. 32500 is next strong Support level. Trend Line : There was a sharp fall on Tuesday, where it took support at around 32250 to 32300 level. Since then BnkNifty is taking Support of this trend line. But today this Support was Broken with high volume, BnkNifty tried to Reverse but could not as it was facing an Existing Resistance Level. So think of buying only if BnkNifty breaks above Trend Line and Resistance Level. More of go on Selling side .. if Decent Support Level is broken then a good Downward Rally is expected. I hope you all like my analysis. Please do share your thoughts into comment section. Please like and share with your friends as well.
NSE:BANKNIFTYShort
by kiranrshinde
BankNifty 7/5/2021Hello Everyone, Hope you all are fine and Safe ..! BnkNifty to open Gap Up 100 pts considering last few min buying. Resistance Level - 32900 and 33000 are strong resistance leve. Since last 2 days BnkNifty is not able to cross this level. So try to avoid first 15 min trade and if you see a reversal from above level you can go for Short till 32750 to 32800. If this level i.e 32700 is broken then next Support level is 32450 and 32500. Below 32400 .. a good downward rally till 32000 can be seen. Support Level - 32750 and 32800 are becoming good support zone. So, if planning to go long/buying side wait for first 15-30 mins, Let the Resistance level of 33000 breake with large volume and Buy above 33050. Above 33050, Upward rally till 33250 and 33400 can be seen. I hope you all like my analysis. Please do share your thoughts into comment section. Please like and share.
NSE:BANKNIFTYShort
by kiranrshinde
BANKNIFTY CHART ANALYSED FOR UPCOMING TRADING SESSIONS CURRENTLY STANDING AT REAL CRUCIAL LEVELS OF 32400-32200 The reason being crucial are ~ ~ 0.5 and 0.618 which is also considered as healthy retracement before continuing its main trend ( that is UPTREND ) ~ the W shaped breakout’s NECKLINE which previously acted as a RESISTANCE and gave confirmation of trend reversal as UPTREND will now act as GOOD SUPPORT ~ the gap pertaining between 32400 and 32200 had been of immense demand and supply zone as we can see huge gaps being created at these places and such gaps will act as a STRONG SUPPORT and I think only opening with huge gaps can break these insurmountable levels ~ following election news, if Marley doesn’t opens up with huge gaps that would also add to a fact that market is strong enough to absorb this shortcomings!! These are some of my views !! Currently trading in no trading zone unless the following given levels breaks ✅
NSE:BANKNIFTY
by Wealthcam
BANKNIFTY CHART ANALYSED FOR 23 APRILas we can see it reversed exactly from our DEMAND ZONE and rest it was unidirectional move ✅ now it stands at very crucial level we cab see a trendline which we drew since last trading sessions has been respected ever since !! For now If BANKNIFTY breaches 31900 tomorrow as sustains above then we can take position on buying side for positional too but High chances of reversal from this area cause it has been respecting this TREND LINE ever since 🚨
NSE:BANKNIFTY
by Wealthcam
BANKNIFTY CHART ANALYSED FOR 16 APRILImportant levels to watch mentioned in chart ✅ We can see rising wedge pattern which is also known as reversal pattern frequently seen in bear market !!! We can see some upmove to fill the pending gap in the first half and then continue its falling!! Make sure the levels are breached to take any positions !! All the LEVELS provided stands much important as they’ve tested many times, rejected by both bulls and bears and hence breach of those levels with proper candle close can give unidirectional move ✅
NSE:BANKNIFTY
by Wealthcam
1
BANKNIFTY CHART ANALYSED FOR 31st MARCH 2021Did exactly what we discussed yesterday ~ opened above 33600 and one sided rally made till 33950 then the market remained sideways through the day NOW WHAT FOR TOMORROW?? Since BANKNIFTY remained sideways through the day it gave us the potential levels for tomorrow, we can also see INVERTED HEAD AND SHOULDERS PATTERN which is also a BULLISH continuation pattern So the levels stand as 33950 as its first resistance and breaking of that very level with proper candle close can lead to good 400-500 moves 🔥 Below we can see 33600 standing as an important SUPPORT being tested multiple times and also the gaps below which is still unfilled that can be filled with breaking of this support Till the levels are broken, stay idle and wait for these levels to get breached 🙏🏼
NSE:BANKNIFTY
by Wealthcam
Bank Nifty Forecasting for Upcoming sessions 21 OCT 2020Bank Nifty levels for Upcoming session : 21 OCT 2020 (30 Min chart used for analysis) Trading Range - 23160--24613/24766 *Chart Pattern & Trend* Refer the chart & see that Ascending Triangle formed .Hope, We can see gap-up opening on 21 Oct & then small correction possible. If it break the level 24420 then it can move towards 24613 / 24766 & If Fail to sustain 24160 then we can see 23900 Disclaimer: I am not a SEBI registered analyst & This is my own view as per historical & Technical Analysis .
NSE:BANKNIFTYLong
by KrishnaSoni