I have posted enough Charts here for one to see how the price responds at the lines marked. We can go down to lower Time frames of 5 min and 3 min to study the price action . It would be very interesting to observe what happens when 1. Price opens within the range marked of Red, Blue and Green Lines. 2. Price opens below / above the range but within the range of...
As you can see here banknifty tested 44000 resistance 4 times and broke in 5th time.and made new high. Current scenarion is also showing that banknifty tested support of 44000 , four times and may break in fifth. CON- sometimes when price test a support multiple times and do not able to break it . then it again moves above support, and it makes market...
Banknifty is facing resistance at ATH Price is back to the range, this profit booking was expected as mentioned on wednesday post. Now what can we expect is small scalp trade from support and resistance as banknifty has support and resistance on every few points so potential move can only be seen out of range thats again at break of ATH.
Banknifty trading at it's crucial support zone. if it breaks the support zone of 43939 level then we can see 43777 level easily. if it takes support at 44044 level then we can see 44777 level(s). Trade with the market direction.
Banknifty was fighting hard to stay in green, Nifty50 on the other hand was vulnerable to fall. Another day went by wherein Nifty was proving to be more volatile than banknifty. Percentage wise both banknifty and nifty fell around 0.5% between 12.30 to 14.30 but the perceived fall for nifty50 was higher as the prevailing price action gave it more momentum....
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 9 JUN Wave Support imp level 44000-43900 Lets see how market react there is no proper view. take trade after price action
The FASP for BankNifty is listed for 09-06-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
Good morning! As of June 9th, the global market indicates a neutral to slightly positive start, with a bearish market sentiment. It might open with a neutral tone. After that, if it breaks yesterday's low, we can expect a continuation of correction with minor pullbacks. On the other hand, if it initially takes a sharp pullback without breaking yesterday's low, we...
Long trade broke but still taking support on 5 tops support (Pattern Support), if it breaksdown below 43975, then it may go down much deeper and acieve 43539, upside above -44312, it will face strong resistance may go in sideways.
Expectations: Volatile Day Intraday Levels: Buy Above - 44210 Sell Below - 43930 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
A good day to take out the support zone of 44068 - was it an over-reaction to the RBI rate decision today? Lets analyze. RBI MPC decided to keep the repo rates unchanged at 6.5% and continue its withdrawal of accommodative stance. Logically no major changes w.r.t last policy day. Handful of participants including me were expecting RBI to hike the rates so that...
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...
With a Shooting Star CandleStick and sort of Bearish Engulfing Candlestick, BankNifty hints that it has topped now and below 43700 we can see levels of 43400, 42650 and aswell.
Important intraday levels are marked in the chart. Banknifty has spent so much time in the short range ahead of RBI policy, It is expected that after RBI policy update markets may take a meaningful direction. Banknifty may give major breakout on upside if it sustains above 44320... provided policy updates are inline with the expectations. for downside...
The FASP for BankNifty is listed for 08-06-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
Good morning! As of June 8th, the global market indicates a neutral to slightly positive start, with moderately bullish market sentiment. It might open with a neutral tone. After that, if it experiences a sharp pullback, that's a sign of sub-wave 3rd continuation. If it rejects around the major key resistance zone, we can expect a 4th minor correction and a 5th...
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize...