Will Banknifty breakout or breakdown?
Buy Level = (Above 33050, Target 1 - 33200, Target 2 - 33500)
Sell Level = (Below 32870, Target 1 - 32670, Target 2 - 32370)
Please comment and let me know if you have any other ideas or observations or queries. Please feel free to reach out to me on Trading View.
Bankniftytrendanalysis
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 🙏🏼
BANKNIFTY CHART ANALYSED FOR 30th MARCH 2021At crucial range which will decide the upcoming trends
The range that must be kept in mind is 33200 - 33600 which is the most crucial levels and stands as NO TRADING ZONE for tomorrow
Will only take trades If any of these levels are broken with proper candle close ✅
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 .
BNF standing at critical level!!!!if the white trend line is taken out in 15 mins and 1 hr time frame... an upside move is possible.
On the contrary if the red solid line is taken out in 15min and 1 hr time frame a clean downside rally till the solid redline at the bottom is possible.
It all depends on how the bnf opens up tomorrow .
Rest the market will decide.
Banknifty Ready for a upmove ? take a look1. If the blue trend line is taken out then you can expect an upward move in BNF. The targets being 21600 and further extension will be updated.
2. But there is a previous gap up that hasn't been filled and there is a possibility of a downtrend if the red trend line is taken out.
The rest market will decide.
The analysis is only for educational purposes.
Trade at your own risk.