Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...
A falling wedge pattern can be seen as per banknifty hourly time frame chart. an upward momentum can be expected after breakout from the resistance of the wedge pattern. The expected targets are marked in red line on the chart above. keep strict SL as per your risk appetite. remember this is a positional view only for educational purpose. Please follow your...
Bank Nifty making falling wedge pattern on hourly chart & now wait for it's breakout. Trade with stoploss Thanks & Nifty making rising wedge pattern Now let's see what both index do
"Good morning! As of June 21st, the global market is showing a neutral to slightly negative start with moderately bullish market sentiment. It is possible that the market might open neutrally. After that, if it experiences a pullback, we can expect a rally continuation with minor corrections. On the other hand, if the initial market declines sharply, the range...
Let's see how the day opens tomorrow. Price action should be watched, and a decision taken accordingly. Will try and give some live market updates. Keep following to understand the significance of these lines drawn and how and why these lines are very important. Please go through the previous charts and check the price action and how these lines responded vis a...
Let's see how the day opens tomorrow. Price action should be watched, and a decision taken accordingly. Will try and give some live market updates. Keep following to understand the significance of these lines drawn and how and why these lines are very important. Please go through the previous charts and check the price action and how these lines responded vis a...
Today banknifty again recovered from support same as on 15/06/2023. Which makes support little dicy, Banknifty intraday can be played out with good 1:4/5 RR around the support & Resistance. Bullish trend changes only above 44500 on closing basis for a day or two.
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...
📉 Alert! Bullish Pattern Spotted 🐻 📊 Pattern: Bullish Continuation Wedge Pattern 📌 Symbol/Asset: UBL 🔍 Description: Overall bullish stock seems to have Bullish Trend Continue in days to come 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
"Good morning! As of June 20th, the global market is showing a negative start with moderately bearish market sentiment. It is possible that the market might open with a gap-down. If it rejects the immediate support zone after the gap-down, we can anticipate a minimum of a 61% to 78% Fib pullback wave. However, if the gap-down sustains, the correction is likely to...
banknifty has strong trendline support from march. if it breaks we can see more down fall towards 42000 level. Sell below 43494 target 43371,4325043177 buy above 43707 target 43777,43898, 44028
Nifty50 missed ATH by 6 points, the real reason was due to bank nifty - will explain it to you today. Banknifty made some strange price actions today. Nifty50 had a gap up opening and was roaring to break the ATH, banknifty on the other had had an inline opening and was stuck below the resistance. The real reason N50 couldn't scale the peak was because BN was...
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...
Bank nifty is arriving its support region. there are high chances that banknifty may take support from here and bounce back. However, If bank nifty manages to close below the support region 43740-43680, probable next targets can be 43550, 43390. remember, dont trade without stoploss as per your risk appetite. If you like the information, folllow us and give...
Huge long trend broke in 30 minute chart first time , it may retest its trend again. But it breaks down below -43383, you may see a deep move again , till 43042. if it test its trend with a gap up quick move and if time remains after, then you will again see a huge retracement. if it goes above 43716 and the price move will remain slow...
As posted on thursday analysis, price beautifully recovered. Nifty & banknifty both are few points away to break ATH. IN coming days few can see a good momentum. As yet direction is up, however every breakout to be traded carefully
SATIA BUY-116 SL-107 TG-128/140/150+ . . . . This may take 1-2 months. This is only for education purpose
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...