As we discussed in our video analysis, the bank's nifty bearish nature broke to the downside and gave a nice bearish target today. If we look at the chart now: The price has broken 200 EMA, HNS Neckline support zone to the downside. The market is quite bearish. RSI is also showing weakness in bulls. If we look at the OI data: PCR = 0.67 shows a...
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...
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...
BankNifty Taking Support From Fibb Levels Today market is extremely volatile. in such a volatile and bleeding market always follow FIBB Banknifty after a severe crashhh of Straight 700++ points, taking support from FIBB levels 0.50 - 0.618 Levels Upcoming Positional Target 49000 which is 2000 Points from CMP 47200 as you can see clearly from charts
BANKNIFTY as expected Following Elliot Wave 500++ Points Single Candle As Explained in Yesterdays Chart, i was expecting one BIG move on Long side i hope everyone Captured this long move Next Target 48150 - 200
It looks like the bank nifty is forming a head and shoulders patern. if it breaks the support level (47200 to 47300 range) downside, it may go to the next possible support (46300 to 46500 range) marked in the chart. if it crosses the level 48200 upside, we may go for a bullish trade after forming a price action. Disclaimer: All information provided here is for...
As per our previous day analysis our levels worked perfectly. Observe these levels only for educational purposes. Don’t trade based on these levels, just to observe
BankNifty Analysis - Stance Neutral ➡️ We have a change in stance on BN today, As soon we had a closing below 47465 we changed the stance from bullish to neutral. We fell 693pts ~ 1.45% today and the structure was pretty negative. BN never really tried to retrace the fall today, just had 1 minor rejection at the support at 11.23, but yielded by 11.55. The ease...
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...
BankNifty Following Elliot Wave Long entry level around 47450 - 500 Target 47900 - 48200
Hello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - with support of PDL / Strong-support Sell - with rejection of PDL / Resistance See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 ...
With nifty creating new highs every week, banking stocks might see good upmoves in the coming few weeks. In this video , I discuss few banking stocks setups which look to resume their uptrend . Cheers!
This analysis represents a modified view of the chart analysis initially published on TradingView on March 1, building upon the insights provided in my previous assessment labeled "NIFTY : The tentative stage of a market melt-up stage in PROB#2". The modifications take into account evolving market conditions and additional data, and it is important to recognize...
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...
Banknifty has the same sentiment; there is a completed motive structure. So, if the initial market declines sharply, then we can expect a minimum of 23% to 38% Fibonacci correction. If it breaks the 38% Fibonacci level, that's a sign of a trend reversal (bearish trend). On the other hand, if it finds support there (23%), it might consolidate a little...
As we discussed, the Banknifty breakout gave quite a nice target today. As it was expiry today, the market turned sideways in the afternoon. If we look at the chart now: The market is trading at the resistance zone right now. Today, it has been sideways at resistance. After that, some selling came with good volume, which may be because of expiry today. The...
Bank Nifty Weekly Analysis For 04-03-24 to 08-03-24. 46080-46300 is the Major Support For Bank Nifty This Week. 47500 is the Resistance for this Week. If Bank Nifty Sustains above 47500, more Upside Possible & Targets are 47880/48380. If Bank Gives a Pull back and Retests Support, wait for a Reversal and Long from Support for the Targets of 46780/47080. Short...
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...