I can see a cup and handle formation and 33350 is the resistance which has become weak due to multiple tests, if broken can retest 34650 followed by 34750 level.
Resistance R1 34490 / R2 34795 Support S1 33750 / S2 33320 Disclaimer: I'm not a Financial Advisor this is for educational purposes only, Before investing or trading please consult your financial adviser.
As analyzed it was a volatile day, BankNifty opened flat and immediately broke the sell level and we got almost 300 points fall. Trades we took today: > Bought BankNifty Fut and booked a profit of 120 points > Sold 33000 PE and booked 80 points profit > Sold 34500 CE and booked 32 points loss Overall good day for TradePro subscribers in such a choppy...
Today will be flat opening in banknifty. It is trading near important support level at 33400-33500 in case this support breakout expected strong fall of 300-400 points. Upside possible if banknifty trading and sustain above 34000 level.
We can see real interesting closing for the day as it couldn’t break last trading sessions low making 33400 level as important support for tomorrow and a must watch ! Since NIFTY on the other hand showed some strength as closed above than BANKNIFTY still BANKNIFTY being weak we’ll watch out 33400 level cause break of that very level can lead to easy 400-600...
NSE:BANKNIFTY 📊 Each levels Act as support and resistance📈📉. one can trade on 3min, 5min and 15 min as per their trade set up. for reference one can check our old published ideas. if any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and...
As analyzed BankNifty made a low in the first 15 mins and gave a Trending move on the upside. As per set-up we got the Buying trade in the second half and met all the targets. Trades we took today: > Bought SBI Bank at 357.5, gave great profit > Bought ICICIPru at 420, gave great profit > Bought BankNifty Futures at 33570 and booked around 33720 which is 7500 per...
A continuation pattern of Head & Shoulder appears to be forming. The right shoulder is yet to form. Tomorrow, I expect the market to be volatile and trending on Wednesday or Thursday. A sharp selling will occur below 33350 level but there has to be a small retracement towards upside before continuing down.
Banknifty making Lower High and formed head and shoulder pattern. On daily or weekly time frame once can watch for yellow trend line importance. My targets for the next week is below 33000. PS- View neglects if closed above 35500.
The analysis is given on the chart Comment if you have any query and if you like my analysis, don't forget to press the like button. I am not a SEBI registered investment advisor and hence do not follow my analysis blindly. Be aware of what you are trading and the risk associated with it. Stock market is risky and you can lose a lot of your capital. Be wise and...
Bank Nifty holding trend line wait for good opportunity for long or short Resistance 34030 Support 33285
Expecting SIDEWAYS market Important levels provided in the chart itself Must watch out those levels ✅
Good bounce back from trendline, Wait for good opportunity for long, if trend line breaks look for shorts opportunity BANK NIFTY Predictions for 22 March 2021 Resistance 35030 Support 33405
Hi Traders, In this video blog, You will get information regarding how a trend is extended in any stock or indices. This way you can easily see how any price behaviour in spite of finishing the trend gets an extension in price. For this information see my video, the link is given below in the description box. Next week trading plan is in form of...
BankNifty gave both sides volatile moves as we analyzed for today. We opened with a big gap-up, which we used to sell and it was very easy to book great profits near support levels. BankNifty is falling for the last 5 trading sessions and we may see a bounce of 400-500 points so be cautious if you sell in Intraday. Trades we took today: > Sold BankNifty Fut at...
35000 Support broken. Currently at 33000 support. Down move can be seen if 35000 support is broken.
Today will be gap down opening in banknifty. Important support for today session is 33500 in case breakout of this level expected strong 400-500 points downside in banknifty.
Touches 33597 support of descending channel, moving towards upper trendline of the channel is more. if the news doesn't rule over the market. 32832 is strong support.