Overview: Banknifty opened on a range of support and resistance levels of yesterday and faced a support of 34730 levels and bounced to test our level of 34893, from there market corrected and we must have got a good expiry trade on Puts. Again we have a range in the market as the movements are not that great either due to illiquidity or volatility. Banknifty...
Today's day was as expected, BNF reached 32200 levels and reversed from the PRZ. For tomorrow, both indicators suggest a gap-down opening and then a possible reversal from 35650 - 35550 zone and back to 35200 with some hiccups at 35000 which always remains a psychological barrier. If it breaks down further and sustains below 34350, then we may see 34100 and...
Overview: Bank Nifty opened flat, took support exactly at our mentioned levels of 34893 and started to trade upside, later in 2nd half market fell sharply after testing the resistance zone and due to the European market fall BNF corrected to 34750 levels. As below 35000 levels, we must have got a very good shorting opportunity. Banknifty resistance level:...
The trend is positive in the Bank Nifty index, I am still bullish in the market until it touches ATH. The trend is a friend unless it bends in the end. Overview: Bank Nifty opened gap down and continued to slide below 35240 levels and almost testing or support of 35076 levels also later in the second half went below 35076 to around 35011. Banknifty resistance...
BNF finally after many days did overshadow Nifty today. Will the follow through continue? what could be a possible expiry setup? Will follow through continue - we will come to know by tomorrow day end, I feel it has got high chances of going up tomorrow as well. For the ones who would have referred to my earlier idea on BNF would be already long. The market...
BNF Is making Head and shoulder pattern on Hourly time frame. If neckline is not broken with conviction then it can easily go upto right shoulder to hit SL of people and throw them out, and then fall.
Bank nifty is hovering in a solid base. Time to accumulate quality bank stocks friends. Upside of 39000-40000 can be expected with good momentum by end of 2021.
28th Jan - BNF moved from 29587 to 37708 (ATH) in just 13 trading sessions - that was aggressive 19 Apr - BNF made a low of 30405 - very near to its starting point - took 40 trading sessions to do that after which it has been making some higher high and higher lows since the last 32 trading sessions with multiple bullish engulfing bars and one single bearish...
break out in VGUARD V-Guard Industries Ltd stock 1st target 325 expected soon
For those who missed the BNF rally - tomorrow we may get an opportunity to enter again 34500- 34700 is support zone/demand zone Expiry trades are quite volatile and risky - So bet only what you can bear on Thursday it may touch 37000, will it sustain or not can't be said but it looks from the price action and data that it has a very high probability to touch...
#BANKNIFTY Looks filled with too much power on daily and 2H time frames to achieve All time high levels. It has formed very nice candle on weekly time frame too. If it opens gap down on next trading session, it should take support @3436-34080 which was a breakout level on 2Hr TF. Overall it looks to trade in long position rather than a short position....
all studies mentioned in the chart 🍂it may come down a bit more. 💢today both nifty and bank nifty was created a gap,so there is a chance to fill the gap at any time. 💢but note that guys INDIAN MARKET ready for new high so our stock also hit new high. 💢wait and watch the play. do your study guys. like🍂comment🍂support
Levels are clearly given on the chart. Banknifty is on super downtrend. If you have any query ask in comment section. Trade Wisely and Smartly.
BNF has made double bottom from the support zones of 32K. Today it broke the Trendline after multiple attempts and has given closing above Trendline only. If BNF opens above the same Trendline on 06th May then it looks all set to reach 33300-33400 levels tomorrow. In coming days if BNF sustains 33000-33300 levels then it can continue its journey towards 34K else...
It seems bank nifty to make a new higher range of 37000-40000 by July-September. All time based possible corrections are over and bank sector to take off from the existing consolidation with a nice upper break out. BNF will drag Nifty and other sectors also.
We posted about short setup but we also wanted to post about our long setup on BNF. If the wedge pattern fails and breakout happen above 200 EMA we can see some upside move for coming days. Price range of A and the distance between the Fibonacci 38.2% level on hourly charts from breakout of pattern is exactly same so we believe that could be the first target and...
BNF is trading a wedge range pattern and we can observe the range of the pattern squeezing at the end indicating contraction. There’s also falling wedge formation price action action pattern which indicates a possible reversal about to happen. Also we have a resistance level on hourly chart that could help the breakdown of falling wedge pattern. Trade at your own...