Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 48550 level then possible upside rally of 400-500 points upto 48950 level & this rally can extend another 400 points if market gives breakout 49050 level in todays session.Any Major downside only expected in case banknifty starts trading below 48450 level.
if price goes above 44869 then it can give you a quick 80 to 100 points move , but a sudden break down from top may happen so be careful.crossing above 45002 will surely push price to the level of 45144. Squeeze getting shorter but angled upside, in this situation if it gets broke down then it have to face lots of strong support quick bounce moves, which is...
As you can see here that price closed just below the standard deviation one which is 2nd strong support after median line, if price goes above from here and takes resistance from median line you may see a sideways. if price goes below from here and takes support at 44012 you may again see a sideways. if price goes above 44314 , then you may see a steady...
Today will be FLAT opening in BANKNIFTY . After opening if banknifty start trading above 44050 level then possible upside rally of 400-500 points upto 44450 Level. Any Major downside only expected in case banknifty starts trading below 43950 level.
Analysis - 1.if crosses over 45812 then it may easily reach to the level of 45989 (strong Resistance), if crosses over 45989 then it may reach 46155 (Little Difficult). 2. If it crosses its current low then high chance is there that it will travel alongside with standard deviation 3 and achieve all levels in downside.
Bollinger squeeze and about to burst in 30 minute chart. if bollinger burst and price travel s upside and crosses 45816 then it may touch 45933 easily , which is a strong resistance, crossing above 45933 price may reach easily to the level of 46129. if bollinger do not burst upside and starts travelling below and crosses down below 45618 then you may see a...
Long upside trend tried to break thrice but failed, it this time crosses over 43885 then it may sustaing , but it will again face extremely strong resistance from 44052m extremely high liquidity area , profit booking may again come. if it crosses down below 43664 then may go deep till 43325.
Banknifty standing just below a strong resistance zone of 41062 to 41256. if banknifty crosses above 41256 then it may also cross above 41421 and may reach to the level of 41579. between 41579 to 41733 is also an extremely strong resistance zone . If Bank Nifty crosses over 41733 then it may reach to the level of 41887. if banknifty crosses down below 41062...
Banknifty standing just below a strong resistance zone of 42191 to 42349. if banknifty crosses above 42349 then it may also cross 42508 and may reach to the level of 42671. between 42671 to 42814 is also an extremely strong resistance zone . If Bank Nifty crosses over 42814 then it may reach 42966. if banknifty moves down below 42041 then it may take support...
Banknifty standing just below a strong resistance zone of 40442 to 40564. if banknifty crosses above 40564 then it may also cross above 40717 and may reach to the level of 40878. between 40878 to 41062 is also an extremely strong resistance zone . If Bank Nifty crosses over 41062 then it may reach to the level of 41256. if banknifty moves down below 40442...
Banknifty standing above a strong resistance zone of 39108. if banknifty crosses above 39108 then it may reach to the level of 39301. between 39301 to 39483 is also an extremely strong resistance zone. If Bank Nifty crosses over 39483 then it may also cross 39632 and may reach to the level of 39798. if banknifty crosses down below 39108 then it may also...
Banknifty standing on a strong resistance zone of 39108. if banknifty crosses above 39108 then it may reach to the level of 39301. between 39301 to 39483 is also an extremely strong resistance zone. If Bank Nifty crosses over 39483 then it may also cross 39632 and may reach to the level of 39789. if banknifty moves down from where it left off then it may...
Bank Nifty has already slowed down its momentum as compared to Nifty as there a lot of supply zones above. It will remain slower than Nifty if it continues upper trend yet. Some day may be an exception. See how BNF respects my zones and levels, hence please take the help of my zones and levels to trade and take SL and TP. Best of Luck.
Banknifty standing just above a strong support of 33931 if banknifty moves up from where it left off then it may reach to the level of 34112. between 34112 to 34227 is also an extremely strong resistance zone. If Bank Nifty crosses over 34227 then it may also cross 34458 and may reach to the level of 34644. if bank nifty moves down below 33763 then it may...
Understanding trends through supports and resistances.
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Understanding trends through supports and resistances.
Understanding trends through supports and resistances.