Your technical analysis for Bank Nifty on 05/10/23 i. Here is a summary:
**Market View:** Bearish
**Support Levels:** 43770
**Resistance Levels:** 43995/44200/44400
**Analysis:**
* Bank Nifty is currently in a bearish trend.
* If the market breaks below 43770, further downside is possible, down to 43500.
* On the upside, resistance is seen at...
Banknifty current level 43617
Support : 43520.
Resistance : 43820.
Buy above 43820 for the upward targets marked in red line.
Sell below 43520 for the downside targets marked in green line.
Initiate trade only on 15 minute candle closure, or wait for it to make a price action above or below levels before entry.
Always keep SL as per your risk...
Weekly Analysis
In this expiry week, 12th to 18th May banknifty has moved up only 0.61% ~ 263pts. We have hit an important milestone this week though, 0.10 pts shy of all time high - 44151.7 on 15th.
Banknifty is immensely bullish considering how Nifty50 is behaving. A trader on 15th or 16th would have normally expected BN to surpass the ATH to hit new records....
Hello Friends I will draw here banknify important levels for Monday and I am not a sebi registered analyst normal trader as like you and what I learn I am trying to share with others all so trade your own risk
BANKNIFTY Looks Long CMP 37082
breakout of triangle in ascending
A minimum of two swing highs and two swing lows are required to form the ascending triangle's trendlines ,But a greater number of trendline touches tends to produce more reliable trading results
On Monday we see huge rally after breaking 35500 resistance.
From here there are multiple resistance on every 500 points.
Those resistance will be our target, breaking above previous resistance.
Trend is shifting from bearish to bullish.
Trade setup
Buy above 36500 target 37000.
There is no selling setup yet.
For selling need to observe inrtaday development.
After Breakout Resistance Zone from 27 Sep Bank nifty made Rally of 200 Points Today, Making Higher highs and Higher Lows indicating Uptrend in market, Immediate support is 37600 levels and Resistance is 38100.
*Always Enter With good confirmation & Maintain proper Risk Reward.
**********Educational/informational purposes only. **********
>> Visit My Ideas...
NSE:BANKNIFTY
Hello guys toorrow banknifty ll mostly bullish, as its forming pole n flag pattern which bullish pattern or some may called it Dow theory ,its shows uptrend sign,also RSI is above 65 level .if it in morning breaks 35457 level it ll may go upto 35830-35850 level.
this analysis is for education purpose .trade on your own risk.
Hello Everyone,
Hope you are enjoying my predictions/analysis, just go through Banknifty 13/04/2021 -- Gudipadwa analysis and check my analysis for 31200 level as Resistance level.
As i said there would be Gap-up opening and we saw a resistenace near 31200 level, and as it was broken with large volume 1.30 pm it touched the level of 31800.
This was regarding...
1. Expecting some retracement in BANK NIFTY from 21900-920 levels keeping in mind if it will hold 21620-640 levels.
If levels of 21620-640 is breached Bank nifty might be heading for 21200-300 from current levels.
2. Bank Nifty shows channel movement in 15min chart and if this has to continue it might retrace from levels of 21800-920 towards 22300.
So...
