1. BNF is forming triple top pattern on daily and hourly chart, this can correct till 42200 for further up move.
2. Motive Wave (12345) of Elliot Wave is almost complete, the corrective wave ABC is pending
3. RSI divergence exists at daily chart.
4. If BNF fails to break 44500 decisively, BNF can correct till 42200, so trade with caution
Disclaimer - The...
NSE:BANKNIFTY bank nifty can touch 41750 range if breaks 42015 support zone, can try to short from highs of today for 42015 and 41750 zone , 42015 zone is current support zone and today's highs are fresh+previous import resistance zone.
trade light, manage your risks and reap the profits.
NSE:BANKNIFTY BANKNIFTY can give next big targets above 41278 level break,
wait for level break and retest entry method before going long above 41278 level.
NSE:BANKNIFTY banknifty is approaching the crucial trendline of daily timeframe from which we have been getting huge corrective moves everytime bank nifty touched the trendline in past,
current resistance zone of bank nifty is between 40690/40839. above that zone next resistance is very important is it collides with the trendline and can possibly trigger the...
NSE:BANKNIFTY BANKNIFTY is currently moving sideway, can try for short positions near/at resistance area if we get negative candle near/at resistance area on 15/30 min time frame, can try to hold till today's support, if banknifty seems bearish at support ,then we can give it a shot to achieve target zone.
NSE:BANKNIFTY BANKNIFTY gave closing just below the important resistance area and is very likely to open negative/gap down, in that case bnf can touch the fresh support created on friday try to retest last resistance of 39991/39999, if broken bnf can touch first target of 40152/40250,
but bnf breaks fresh support /opens below it then we can achieve downside...
NSE:BANKNIFTY BANK NIFTY stands at the daily demand zone which has been tested multiple times and can break under current selling pressure, if we get a 15miin/1hr candle close beloe 39400, we can see immdiate target of 38900/38800 level tomorrow or by expiry. newest fresh resistans comes at 40001/40147 which can be retested if bnf tries to move up and from there...
BANK NIFTY NSE:BANKNIFTY BANKnifty should giva a nice fall below 40301 , first immidiate target can be 40074 and below that 39800/39700 level can be tested quickly. fresh resistance will be 40690/40605 , may be retested before going down further,
NSE:BANKNIFTY intraday targets for bank nifty tomorrow 17th feb based of fresh support resistance levels cretated today and yesterday on 1 hour time frame.
NSE:BANKNIFTY has broken the inverted triangle downside and has easily achieved the first target of 41162 today, currently treding below previous support and possible to open below today's day low with gap down and race towards 2nd target and further fall till 41600/41500 range
Hope you enjoyed the trending day and got very sharp entries with max R:R as per my zones. Keep following the zones and levels to get best reward at least risk.
Guys today onwards i will be posting charts of SPOT instead of FUTURES. As maximum of my followers are demanding it to plot the zones and levels on SPOT, which makes them easy to trade all instruments, as due to Cost of Carry difference between SPOT & FUTURES, they are unable to follow the level on charts.
Bank Nifty opened just above my zone 39225-39174, took support 3 times and bounced from there before finally it broke down and ended far below.
This is the power of zones and levels, hope it helped you a lot, kindly keep taking trading decisions as per my zones, levels and trend lines to get best R:R trades.
Bank Nifty has started its smooth up move as per my prediction. don't panic trade, don't fomo, just trade as per levels and zones, you know how price reacts to my zones.
Bank nifty may give correction for a day or two before it continues its upmove. i found a head and shoulders trade today at the end, i have shorted it for the target of 34920. Kindly watch channel lines along with zones and horizontal levels for reversals.
Hope you followed todays levels and earned out of it.
Important levels for tomorrow 08 July 2022
35196 - Confluence of trendline and resistance
35442-35555 - Supply Zone
BANK NIFTY TODAY 05-07-22
Did you see mates how Bank Nifty reacted to my levels even in highly volatile panic situation.
Started Gap up, broke the trendline of 34180 with high momentum, but could not even dare to cross my zone of 34401-34467.
Took Reversal from there after distribution of contracts to novice bulls who don't follow the levels and trapping them....
