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Bnfanalysis

BANK NIFTY forming bullish pole and flag patternBank nifty formed bullish pole and flag pattern with falling wedge pattern, with max drawdown to a level of 35422, which is also a round level of previous breakdown and resistance, the movement might turn bearish, or sideways if the level gets breaks otherwise the sight is still bullish as nifty forming all time highs and banknifty still not performing to play a role. My view :- Bullish buy at:- 35450 after testing 35422 & target :- 35911+ Bearsish sell at :- below 35422 and target :- 34924 do like if the idea is worth it!!!!! Thanks this is just my personal view
NSE:BANKNIFTYLong
by dhruvnarola
BankNifty Intraday view for 06-08-2021Good evening all, Today we achieved our 1st target against our view and then it went North providing us with a good run from the bottom. For tomorrow, my view is neutral. Long side view: Buy above 36120 Target 1 - 36220 above this, trail your SL (Long SL - 100 points) --------------- Short side view: Sell below 35660 Target 1 - 35545 below this, trail your SL (Short SL - 100 points) *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTY
by ChartMantra
BankNifty Intraday view for 05-08-2021Good evening all, 36000 done!!! Now let's do 36500. We'll then see about 37300. So what's in store for tomorrow? Well, with the run that we've had for the past 2 days, patterns indicating room above and importantly 36000 breached, we may see a surge. Hence my view stays bullish. Long side view: Buy above 36220 Target 1 zone 36425 - 36500 Target 2 zone 35050 - 35200 above this, trail your SL (Long SL - 36000) --------------- Short side view: Sell below 35840 Target 1 - 35690 below this, trail your SL (Short SL - 36000) *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTYLong
by ChartMantra
BankNifty Intraday view for 03-08-2021Good evening all, Despite the mostly sideways market today, we were able to reach the first target. For tomorrow again, my view stays on being 'Long' as the trend of making higher lows continues: Long side view: Buy above 34860 Target 1 34940 - 34950 Target 2 zone 35050 - 35200 Long Target 3 - 35340 above this, trail your SL (Long SL - 34750) --------------- Short side view: Sell below 34440 Target 1 - 34365 Target 2 zone 34255 - 34215 Target 3 - 34115 (Short SL - 34570) *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTYLong
by ChartMantra
10
BankNifty Intraday view for 02-08-2021Good evening all, Friday was non-tradable unless you were scalping and stuck between the SL zone we had marked. For tomorrow, since we have been seeing higher lows and 34750 being tested multiple times, long is a good possibility; Long side view: Buy above 34780 Target 1 zone 34840 - 34850 Target 2 zone 34940 - 34950 Target 3 zone 35050 - 35200 Between this zone and above, trail your SL (Long SL - 34650) --------------- Short side view: Sell below 34440 Target 1 - 34350 Target 2 zone 34220 - 34180 Target 3 - 34120 (Short SL - 34550) *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTYLong
by ChartMantra
BankNifty Intraday view for 30-07-2021Good evening all, Today was a rather devious expiry ---- of the sellers, by the sellers & for the sellers. Our long side SL was saved by 6 points and then it hit the 1st target. While my view for tomorrow is long, I will be watchful of the move down as well; Long side view: Buy above 34850 Target 1 - 34950 Target 2 zone 35050 - 35200 Between this zone and above, trail your SL (Long SL - 34750) --------------- Short side view: Sell below 34340 Target 1 zone 34220 - 34190 Target 2 - 34115 Target 3 - 34030 (Short SL - 34500) *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTYLong
by ChartMantra
1
BankNifty Intraday view for 29-07-2021Good evening all, What a day for us. Today, the index was true to its nature.... VOLATILE and how? Hope you did make a bunch. So what in for tomorrow? Well, monthly expiry and expiries are seldom boring. So, while we get excited, we must be watchful. My view for tomorrow too is neutral; Long side view: Buy above 34600 Target 1 - 34759 Target 2 - 34840 Target 3 - 34940 Above this trail your SL --------------- Short side view: Sell below 34340 Target 1 - 34220 Target 2 - 34115 Target 3 zone 34000 - 33950 A stop-loss of 100 points is a good idea on both entries for a RR of at least 1:1 *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTY
by ChartMantra
2
BankNifty Intraday view for 28-07-2021Good evening all, Like I mentioned yesterday, not a good sign or a place to be for BankNifty traders. Nothing is indicative of a confident trade. We need to be careful and we will be... How? CLOSE of the candle is very IMPORTANT. And, we will exercise our patience. My view for tomorrow is neutral. So; Long side view: Buy above 35000 Target 1 zone 35180 - 35230 Target 2 - 35345 Target 3 - 35430 -------------------- Short Side view: Sell below 34660 Target 1 - 34560 Target 2 zone 34430 - 35360 Target 3 - trail your SL A stop-loss of 100 points is a good idea on both entries for a RR of at least 1:1 *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTY
by ChartMantra
1
BankNifty Intraday view for 27-07-2021Good evening all, A sideways market is never a good sign. It means, indecision and a potential reversal. So, are we going to see a downtrend? Maybe, maybe not. Having said that, my view is still bullish for where it still is. So; Long side view: Buy above 35140 Target 1 - 35230 Target 2 zone 35350 - 35380 Target 3 - 35475 (Long SL - 35000) -------------------- Short Side view: Sell below 34630 Target 1 - 34575 Target 2 zone 34400 - 35350 Target 3 - 35300 (Short SL - 34750) *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTYLong
by ChartMantra
BankNifty Intraday view for 26-07-2021Good morning all, Friday was like that Hindi movie where the Hero reaches his destination to vanquish the villain, only to find his mother tied to post and has to drop his weapon.... Our targets were missed just like that (~30 points on each side). But that's past and let's look ahead. My view is bullish for tomorrow based on the current position of the index poised around 35K and will move to reach the reversal zone. So; Long side view: Buy above 35130 Target 1 - 35240 Target 2 - 35350 Target 3 - 35485 (Long SL - 35000) -------------------- If it does move south. Short Side view: Sell below 34740 Target 1 - 34635 Target 2 - 34570 (Short SL - 34850) *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTYLong
by ChartMantra
BankNifty Intraday view for 23-07-2021Good evening all, Today was a gap up opening of 200 points and gave us an entry on the long side level to meet our 1st & 2nd targets at 35000 (just 11 points shy of 35K). And, I am indecisive on a directional view for tomorrow as the no-trade zone for me is huge, ~500 points actually. Outside of that; Long side view: Buy above 35000 Target 1 - 35125 Target 2 zone - 35325 to 35375 -------------------- Short Side view: Sell below 34550 Target 1 - 34375 Target 2 - 34270 Above and below the 2nd target on either side, you will be happy to trail your SL. Also, for a good RR, of at least 1:1, your SL needs to be 100 points below the entry point. *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTY
by ChartMantra
1
BankNifty Intraday view for 22-07-2021Good evening all, Tuesday again was a gap down opening of 150 points and gave us an entry at the short side level to meet all three targets in just about an hour and a half. For tomorrow, I am basing a long view because the index is in a reversal zone on the daily as well as the hourly chart. Hence 34350 to 34675 remains a non-tradable zone If it climbs north; Long side view: Buy above 34675 Target 1 zone - 34850 to 34900 Target 2 - 35000 Target 3 - 35125 (Long SL - 34575) On the other side though (be very careful); Short Side view: Sell below 34265 Target 1 - 34150 Target 2 - 33930 Below this..... Well, let's just hope it does and we ride a wave. (Short SL - 34350) *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTYLong
by ChartMantra
1
BNF Intraday view for 20-07-2021Good evening all, All our levels were invalidated due to the huge gap down opening. Tomorrow we will probably see a range between 35800 and 34800 and on either side, the views are as follows; Long side view: Buy above 35140 Target 1 zone - 35300 to 35350 Target 2 - 35400 Target 3 - 35469 On the other side; Short Side view: Sell below 34850 Target 1 - 34700 Target 2 - 34630 Target 3 - 34525 On either side, 100 point stop loss is a good idea, providing you a RR of atleast 1:1 *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTY
by ChartMantra
1
Banknifty View : Intraday Levels for 20th July 2021Overview: Banknifty gapped down significantly on negative global cues. Looking at the sentiments we might see more downfall in upcoming sessions. The view in the market has turned negative and the sell-on-rise strategy can be used for intraday trading. So we can expect some really good moves tomorrow depending on if we sustain below the support levels. Banknifty resistance level: 35265/35520 Only once we sustain above these levels then only we can see an upside move till 2nd level of resistance which is again very unlikely to happen. Banknifty Support level: 34893/34631 If we go below the support levels and form a negative candle on 5 or 15 min we can short bank nifty for lower levels support, if we fall below 34600 levels then more panic selling can be seen in the market. PLS LIKE , COMMENT YOUR VIEWS AND FOLLOW FOR MORE UPDATES
NSE:BANKNIFTYShort
by sagarsethy
BNF Intraday view for 19-07-2021Good evening all, Freaky Friday..... Do you agree? Like I had mentioned on Thursday, the market was going to be tricky and it was. We had to manually close the trade at 100 points. Tomorrow is going to be no different, multiple swings over the past 2-3 sessions have created an immense amount of noise and hence doubt. The best trade in this scenario is to NOT trade at all. Seriously... However, if you do want to; Long side view: Buy above 35860 Target 1 zone - 35950 to 36000 Target 2 - 36065 On the short side; Short Side view: Sell below 35600 Target 1 - 35500 Target 2 - 35450 Target 3 - 35365 On either side, 100 point stop loss is a good idea, providing you a RR of atleast 1:1 Again, I will want to re-iterate, Trade with extreme caution unless a clear move offers itself *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTY
by ChartMantra
BANKNIFTY WEEKLY ANALYSIS (17/7/21)- Price is converging between lower trendline and upper trendline, will need to give breakout (follow the major trend) - Price must trade above 35800 and sustain to make upper move to ATH which is 5.38% away) - Outperformed nifty this week, follow up price action is needed (upside) as price closed exactly at upper trendline shadow - Anticipating breakout in 1-3 weeks time period (although market is supreme) - HDFC bank results on Monday, can help decide the direction of BNF.
NSE:BANKNIFTYEducation
by Stockupy