banknifty is now in a short range and can give a good movement on both sides it has made falling wedge or falling channel on daily chart and now trading at resistance area now if it breaks upside 34840 then after a small retest it can move upto 35500 but if it faces resistance tomorrow on 34740-34800 then it can breaks down side and can easily travel to 33600 so...
BANK NIFTY View for this week. 34800 is immediate resistance. Break and sustain above 34800 may head towards next resistance of 35100 and 35600. If the first resistance of 34800 not sustained then can drag towards 34400 and 34000 which will act as strong support for this week. If the support of 34000 broken then level of 33500 to 33000 can not be ruled out
Dear Fellow traders,
Punjab National Bank has formed a bull flag on the monthly chart.
The point C is the real bottom for PNB after the bearish divergence that started from point A.
Point C is the end of bearish divergence for two reasons:
1. Point C on price chart: There is a double bottom that has been formed at point C.
2. Point C on RSI: RSI hit the lowest...
SBIN seems to be in Big Green rally
As it has completed wave 1 at 428
wave 2 be expected to be ongoing
wave 3 target would be around 596
Followed by wave can go below till 428 which is the main support for it or it can bounce back at 490
For a target of 767 if it crosses 661 and sustains NSE:SBIN
Equitas small Finance bank can be bought from 61-63 levels for target being 68, 70, 70+ and a very rigid stoploss of 60, hence RR being 1:4, it also boasts of some good fundamentals when compared to other players of its sector.
#100 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation. And if you have any queries let me know.
Leave a comment that is helpful or encouraging.
All weekly indicators showing positive signals. Further upside may come on upcoming weeks. Apart from bank nifty chart, Most of the bank stocks charts are positive so that stocks will help to whole Bank Nifty positive move. Safe traders, can trade above the day close of Target 1.
After Long days giving views in Bank Nifty.
Kovilpatti, Tuticorin Dist.
All supports are not for buy level. As like all resistance are not for sell levels
After long research and back testing we find which S&R is for sell level & which S&R is buy level.
In that result we give the pure intraday levels in charts.
BLUE LINE ARE BUY LEVELS (Target lines)
ORANGE LINES ARE SELL LEVELS(Target lines)
Additionally we added...
BANK NIFTY NOW DAY A BECOME VERY VOLATILE TRADE WITH GOOD RISK AND REWARD RATIO
If tomorrow market open Given level 34570 then go long if there is a strong Green Candle otherwise wait Short for 100-250 point to last day support
if tomorrow's market open gap Down below 34440 then go short Target 34109.
Major Resistance:- 35060
Go Long:- 34570