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BN

BankNifty : Short term viewBanks and financial sector is currently under immense selling pressure due to all the negative news around the world. However cutting down the news and focusing on charts, as I see that around 50 to 61.8% pullback from 9th march double to high to latest swing low made on 16th March expiry can't be ruled out. BN on smaller timeframe is currently rising in a channel and trendline support of that channel is coming around 38 to 50% fibo support zone on small timeframe of latest swing, so any dips around that area can be good bet to go long with previous swing low as stop loss and potentially the targets can be as marked around pullback zones. On large tf, BN is still trading mostly between the range made on Budget day with bears trying to break it down decisively but price has again come back in this zone and hasn't really sustained below the Budget day low for significant period of time. If the price moves as anticipated then there is also a possibility that it may make some sort of inverted H&S or rounding bottom formation, which can then decide next course of action. However there is big gap resistance on upside and chances of that getting filled up in first attempt are very low. In related idea section, also have added previous analysis on daily tf where banknifty is currently taking support/resistance and trapping in falling channel
NSE:BANKNIFTYLong
by aktradelearning
TREND IS YOUR FRIEND Hello Guys I am sharing the daily chart of Bank nifty with indicator Super trend plotted on it as you read the title that of this idea that trend is your friend so I choose super trend for some identifications apart of price action, So I am sharing this idea purely for educational purpose that is why the reason I am not tagging this idea in short category and second reason is that I am so late for a fresh short specially in this instrument Although I published an idea like this on Nifty but did not noticed this index at that time but some how it can help out for those who remained as a short position or those who want to add on dips with well placed supports. 💡 So as we can see that it made a rounding top by taking a resistance by curved trendline and some how got rejected by both (Super trend) at the same time and marching towards it's supports so as of now 37900 is looking good support zone by Super trend indicator. 💡 PRICE ACTION SUPPORT-: This is identified by price which is you can say that was previous resistance now can act as a support 💡 Probably it can or it will work for Trend traders, 💡 Comments, likes, suggestions and Rectifications are most welcome 💡 Trend is your friend always try to follow this do not try to oppose it ✌️ 𝐍𝐎𝐓𝐄-: 𝐓𝐇𝐈𝐒 𝐈𝐃𝐄𝐀 𝐈𝐒 𝐎𝐍𝐋𝐘 𝐅𝐎𝐑 𝐄𝐃𝐔𝐂𝐀𝐓𝐈𝐎𝐍𝐀𝐋 𝐏𝐔𝐑𝐏𝐎𝐒𝐄. 𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
NSE:BANKNIFTY
by AMIT-RAJAN
8
Banknifty (Flying Opposite to the wind - Negative)Sell on the Rise "Need a trigger to sell off- Coming soon." Market is looking positive to everyone as it is making new highs. I will like to share my personal view: Detached to the economy market is looking to trap retail players with dramatic upmove. (Hint: Confusing OI data) On Monday expecting a Gap Down Opening, Create a short position below 35200 of course with Hedge. It will reduce upside risk and prevent you from stoploss hunting. To make fresh Upside move BN needs to cross 35800 Levels with some positive News around. Option Buyers should trade with limited quantity as premium eating is going on by big players from last 2 weeks. Sell Below: 35200 Buy Above: 35800 Looking for 34400 level in next few days. Just a view with some analysis. Trade will be executed as per moves and on time Chart and OI analysis. Maybe I am wrong, View is based on current situation. Trade like Chameleon (Change the colours according to situation). Like if you Like.
NSE:BANKNIFTYShort
by sanks90
BANKNIFTY INTRADAY BUY AND SELL LEVELSMagic Lines: 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 ORANGE LINES ARE SELL LEVELS IF OPENING 5MIN CANDLE TOUCH BLUE LINE GO FOR LONG/ IF OPEING 5 MIN CANDLE TOUCH ORANGE LING GO FOR SHORT. SL : previouse support / Resistance's -Above /below
NSE:BANKNIFTY1!
by AadhanTrading
BANKNIFTY INTRADAY BUY AND SELL LEVELSMagic Lines: 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 ORANGE LINES ARE SELL LEVELS IF OPENING 5MIN CANDLE TOUCH BLUE LINE GO FOR LONG/ IF OPEING 5 MIN CANDLE TOUCH ORANGE LING GO FOR SHORT. SL : previouse support / Resistance's -Above /below
NSE:BANKNIFTY1!
by AadhanTrading