BANKNIFTY ON 15 MIN CHARTHalf way through. Still holding the levels. We plotted a divergence. Possible reversal to happen. Trade safe.
Banks
NIFTY ON 15 min time frame.Nifty50 has been performing the way we analyzed. Sustaining below 200 ma show bearish pressure. Gap from Feb 1st BUDGET DAY has been filled and tested once but we can see some range trading tomorrow which can help NIFTY50 to test the support(gap) levels again making it a DOUBLE BOTTOM PATTERN & W PATTERN. Both patterns are trend reversal patterns. Trade safe tomorrow, as market might end up in range because of expiry and lot of Hedging positions.
INDUSIND BANK for the dayfor intra players.....
expecting a good movements in banks..
so intra players keep an eye on it......
INDUSIND BANK trading levels for the daybanks in a consolidation stage.
so breakout/down possible.
banknifty making doji es
so must watch
BANK NIFTY will come back and look for support5th feb candle in the daily chart is completely out of the Bollinger band. This indicates that the Bank Nifty will take a sharp turn to return and find a solid support.
On the other hand, weekly charts have a very strong bullish engulfing pattern which means that uptrend might just continue.
The gap between the trendline and the candles is way above understandable limits.
overall, i will wait before entering any long positions. Not only that, one can go short with strict stop losses.
KOTAK BANK Trading levels for 29.01.2021for intra players
it can give u good opportunity.
banks re felled a lot so expecting recovery
INDUSIND BANK levels for the daywatch it
everything mentioned in the chart..
if u have any doubt just inform
okay thanku
Bank NIFTY at its high. Head and shoulder patternI see a hanging head and shoulder pattern on Bank Nifty and will fall after the neckline break.
Target expected is 2.30% from the neck line. Lets watch.
Bullish Engulfing on ICICI BankICICI Bank formed a bullish engulfing pattern on daily charts.
Catalyzed by an order of the Supreme court, the trading opportunity is huge. Buy on open with a move of at least 2-3%. NSE:ICICIBANK
SBI to reverse after an evening starSBI formed an evening start after an uptrend and is likely to fall till the next strong resistance.
Initiate short calls.
Sell at 193.5. Target at next resistance, ie, 182. Stop loss at 50 DMA, ie, 197.
NOTE: Supreme court to have a hearing on the interest waiver case. NSE:SBIN
Bandhan Bank to make new highs??1) On the downside if price takes out S1 in 15mins & then S2 is the target. If S2 is also taken out in 15mins then S3 is the target. If S3 is taken out in 1 Hr time frame then the white dotted line is the target.
2) On the contrary, if the orange line is taken out upside in 15mins then the orange zone is the target and price can reverse back from there if not sustained. Also if price opens above the orange line and sustained above it for 15mins then orange is the target.
3) If the price takes out white & sky blue trendline in 1Hr & 4 Hr time frames then uptrend will begin.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose, just to give an idea on the price movements!!
DO NOT FORGET to put your own STOPLOSS!! KEEP STRICT STOPLOSS!
If you earn from my ideas, kindly consider donating a small part of your profits to those in need.
Always trade what you see, never trade what you feel.
ThankYou!
NIFTY falls 100 points in 20 mins! Nifty - Technical Analysis:
-NSE Nifty 50 index fell for second straight session dragged by weakness in banking, financial services and FMCG shares.
-NIFTY was sustaining above 11550 for the first session of the day but witnessed high selling pressure during the last hour and was brought down.
-It bounced from the 200SMA in 1hr candles for the second time indicating support there.
Market - Driving Factors:
-For most part of the day, benchmarks traded in a range bound manner with a positive bias. However, intense selling pressure in banking shares in the last hour of trade led to weakness in the benchmark indexes.
-Among the sectors, the Nifty Pharma jumped 5 percent hitting a 5-year high while on the other hand, banks fell led by Kotak Mahindra Bank, HDFC Bank and SBI.
-Dr Reddy's Cipla, Adani Ports, Bharti Airtel, and M&M were the top gainers while Kotak Bank, HDFC Bank, Shree Cements, Bajaj Finserv, and Maruti led the losses.
Nifty - Outlook for Monday, 21th September:
NIFTY is witnessing selling pressure and we have a bearish bias. If NIFTY breaks the 200SMA we can see more selling towards lower levels. Pharma continues to be the momentum sector while banks could take a back seat while IT and pharmaceutical will take Nifty higher. midcap index has a target of 18,500 while small-cap index could move to 6,700.
Indusindbk Trade setup !Hello! Friends,
I came with new research an idea but, before starting talking about technical Let's share your LOVE by giving me LIKES and COMMENTS.
The price is Becoming weaker by testing multiple Times at control Price, The price is COnsolidation from last month .
If is continue consolidation We will see litle correcction in the price Where we will get Buying opportunity between 480-500, Rather you can buy at current level or averaging your price for target toward 550-600-650 in upcoming weeks all the banking sector are undervalued excepts some
Option Pick In cosolidatin or Whatever Range bound :
SELL 520 CE JULY + SELL 510 PE JULY
Symetrical Triangle breakout on SBIN initiating a long tradeSBIN after a long consolidation have given a breakout of the major resistance of 195-200 zone and at the same time given a breakout of symetrical triangle pattern and now retesting it. A long trade can be initiated here with sl of previous swing low for target1 and target2.
BANKNIFTY LONGI hope you can now see how BANKNIFTY represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Weakness of uptrend in Bank Nifty...In Bank Nifty 22400-22500 acting as a strong resistance zone. And RSi is dimnishing.. Failed to break these level Bank Nifty might test 21300 - 21400 again.
Axis At Important levels446-447 levels seems very important levels.
Stock has broken this level, But tomorrow if it opens below the level then we can look for short opportunities.
However if not we can look for the long opportunities in Axisbank.
RBL Bank Struggling at resisstanceRBL Bank has tried to brk 207-208 levels for the third time and failed. It is range bound at this point in time. But it is a very interesting stock to watch for next few days.
[Positional] RBL bank LongA nice breakout, Confirmation above previous day high will invite bulls to the party.
Buy above 194 with stop at PDL 170
“Every day I assume every position I have is wrong.”
~ Paul Tudor Jones
Bank niftyBUY - Above Green Line
Sell - Below Red Line
Target - Black Line
*Important - Candle Close .
