Hi hope you earned from my zones. Today Bank Nifty exactly took support at 34818-34743 zone for 1.15 hours and then formed an bullish engulfing candle to move upwards, but my uptrending channel didnot allow it to escape up freely. Finally it broke the channel after struggling with it for 4 hours and took a bull run. Power of #TECHNICALANALYSIS Best of Luck for tomorrow.
cup and handle pattern. if handle breckout then target will 38800 on 2 hour chart .
Best of Luck for Expiry trades Friends, worldwide data is bearish, hence expecting a gap down.
BNF broke out of a trend line after multiple attempts but is still inside the long term channel. Took a good support of 34000 zone and bounced well at the end. Overall not as strong as NF.
Sorry for not posting Friday analysis due to some time constraints. Please follow the zones, levels and channel.
Only Trade after Retests of the above or below zones or the trendline, after the gap. Dont Jump in early.
Bank Nifty Hourly analysis with Perfect zones, Just go trade and enjoy, kindly give a like if u earn out of it.
Enjoy the Volatility Ride at our Bank Nifty Roller Coaster
Strong Levels for Bank Nifty Spot to Trade on 02 May 2022
Everything you need to know are marked in charts.. The only thing i have to tell you is always know your risk and plan the trades and follow proper risk management.
Banknifty has been trading in ascending channel on hourly chart. If we look at the major trend, banknifty is still in bearish trend. We also checked the retracement levels using Fibonacci retracement as mentioned on chart with dotted lines. 3 scenarios can be happening tomorrow either GAP UP, GAP DOWN or Same as next days closing. If we open gap up we will surely...
Last time it gave 0.38 levels of retracement at went to 40k this time it has given retracement again at 0.38 levels and predominately will hit 45k.
Price has made extreme high, and impulse moves have started a correction. According to Elliott wave price confirmation, Safe traders can enter when the price breaks wave B at 40160 . Sub-wave C of wave 4 is about to complete. If price breaks wave B, It has the potential to make a new high. At present, the price has neither made higher-lows nor sub-waves of...
Bank nifty broken and rejected from previous major low, hence we can expect major downfall at the marked POI. the POI is strong resistance area as it has volume gap/ imbalances and fib golden levels.
BB BLAST Monthly so next monthly tgt 42k keep in your radar now trading strategy sell pe 38400,38500,38300 for this week expiry sell ce 40400/40300/40500 for 21 oct expiry TOTAL ce AND pe 500 Points
Possible Gap up or down. wait for price action. If u want to trade live with me let me know in the comments
Bank 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...