Icicibank created a rsi divergence on weekly It can be a good short candidate , As we all know banknifty is trying its best to move up so it will a risky trade pls trade with a SL Its already down around 40 points from top so a bit risky for sure but if ur risk:reward allows you it can be considered Imp area to look for is 890 CMP - 910-12 target is marked...
BANKNIFTY is on the way to form "M" Pattern Price Action on 1 Day TF. Any Breakout on "Upside" or "Downside" will give a decisive price action.
#BankNifty support & resistance levels for Thursday 20-10-2022
All the details are mentioned on the chart -->Wedge Formation breakdown -->SL on 2nd resistance -->Entry on retest -->Overall good setup. Except Buyers are in control till now But this SL worth the shot Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2...
All levels are mentioned on the chart it self Safe players can wait for a pull back and enter as per levels Risky people can enter according to their risk management. Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at...
NSE:BANKNIFTY important target levels on both sides for tomorrow's expiry day.
descending triangular pattern ! price not able to break above or below Buyers should consult their advisor before taking any action !!
NSE:BANKNIFTY downtrend prediction with analysis based on support/resistence levels and demand /supply zones, so far #banknifty has followed the levels accurately, if it keeps respecting the zones and levels, we can expect a nice down trend for shorting BNF.
bnf is in a clear downtrend. it happens mostly after a big uptrend move , we can expect a short recovery tommorow.
All the rules and conditions explained in previous Nifty idea. Same logic applies here also. If today's low is defended this will be a jackpot trade All the details are mentioned below Entry:38015 Don't have a feeling of FOMO. No need to compromise. We can always find entry points. SL :37820 Lets see If we can secure this trade. Managing the trade: If the...
Price has fallen almost 220 points today in an hour. 17635 level is the 0.5 Fib ratio of recent up trend Expecting price to reverse from here at least for today With small SL of 40 points we can go long on nifty 17660 with a SL of 17620-30 With an ATM option this will be Approximately with a risk of 750 to 1000 rs per lot Target will be in...
BNF just took support from PDH. With a SL of Just 60 points we can go long at cmp 46733 SL levels:40670 If we buy ATM option approximately 15 rs SL i.e, 375 rs per lot. Target will be in execution. Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2...
Bank Nifty has had an amazing bull run since July. At present, it is at an important PRZ level (around 40350). Further upside will open up on two consecutive weekly candles closing above this level. If it does then it may well rally till around 42350 level where it is very likely to at least pause, if not reverse for a while.
Bank Nifty Future seems to be consolidating in wave 4 of a triangle after the high of 39794 made on August 19. It looks like wave (A) have completed at 37991 on August 23 and wave (B) has either completed at 39490 on August 25 or is still in progress. 39400 is 78.6% retracement of fall from the high so that should be a good area for wave (B) to end. Once wave (B)...
Bank nifty is bullish as predicted, kindly follow the zones and leves with price action confirmation as u trade it, My leves are working very well which u guys are already wintessing.
May Monthly expiry on 26th Top three months with max FII selling in cash in recent times March 2020 - 65k crores Feb 2022 - 45k crores March 2022 - 43k crores It is already 44k crores in May - so it's a no-brainer that May would come in the top three. big question is - can it match Feb 2020 sell figures? I doubt but Time will tell BNF interesting...
Sorry for not posting Friday analysis due to some time constraints. Please follow the zones, levels and channel.
important levels........................................................................................................................................................................... only for educational purpose