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Banknifty is at a key support level—will it rebound? In recent months, the bank index has been on a remarkable upward trajectory, consistently achieving higher highs and higher lows. After reaching an all-time peak close to 53,350 (specifically at 50,358), the bank index experienced a correction. At present, the index is hovering around a significant support level of 49,750, which also aligns with the trendline support visible on the chart. There is a strong expectation that the bank index will bounce back from this point and resume its upward trend. However, if this support is broken, the next level to watch will be around 46,000 to 46,300. To regain its bullish momentum, the index must overcome the immediate resistance located between 53,000 and 53,350.
NSE:BANKNIFTY
by GoodluckCapital
Nifty 50 By KRS ChartsDate: 1st Aug 2024 Time: 9:12 AM What is going on in NIFTY 50 ? 1. As we all know Indian markets in continuously in uptrend in recent times so nifty 50 too. 2. Nifty is recently moving in range but sideways with uptrend as we can see in charts for Hourly timeframe. 3. There are clear supports and Resistances are visible in Nifty 50, Today is open with Gap up and Breaks 25000 level for very first time. 4. Nifty can clearly go for 25226 but also it can reach above bigger Resistance too.
NSE:NIFTYLong
by KRSCharts
Nifty Pharma: Displaying Strength at the Summit(1) The price has been consistently trending upwards over the past year. (2) Following the breakout of the Pole & Flag pattern, the price surged sharply. (3) Subsequently, the price entered an accumulation phase and began consolidating within a Box pattern, which is a positive sign after a strong rally. (4) After 3 months of consolidation, the price finally broke out and started moving upwards. (5) The price is currently at its all-time high and appears poised to continue rising.
NSE:CNXPHARMA
by GoodluckCapital
4
Nifty FMCG - Price Action Indicates Robust Growth The chart clearly indicates that the index is experiencing a robust uptrend. Earlier, the price formed a bullish Pole & Flag pattern and surged upwards after breaking out. The index encountered a strong rejection near the 58,000 level, leading to a correction and deep consolidation. Despite attempting to surpass the resistance level, the price failed. Following a recent breakout, the price has successfully maintained its position above the breakout level, signalling a positive trend. Additionally, the current RSI is above 60, indicating the strength of the index.
NSE:CNXFMCGLong
by GoodluckCapital
BankNifty Trading: Reacting to India VIX VolatilityAs the India VIX, a measure of market volatility and investor sentiment, experiences fluctuations, traders often anticipate corresponding movements in the BankNifty index. Given the inverse relationship between market volatility and stock prices, heightened volatility tends to coincide with potential corrections or downturns in the market. In this scenario, traders may seek short positions on BankNifty to capitalize on potential downward movements. However, it's crucial to exercise caution and conduct thorough analysis before initiating any trades. Consulting with a financial advisor or a seasoned trader can provide valuable insights and mitigate risks associated with speculative trading strategies. While trading BankNifty based on India VIX movements can present lucrative opportunities, it's important to approach the market with caution and employ proper risk management techniques. Markets can be unpredictable, and unexpected events can quickly change the trajectory of trades. Therefore, conducting thorough research, staying informed about market developments, and seeking professional guidance are integral to successful trading endeavors. Remember, trading involves inherent risks, and past performance is not indicative of future results. Always trade responsibly and within your means, and consult with a qualified financial advisor before making any trading decisions.
NSE:BANKNIFTYShort
by Sanil1912
Nifty Metal - Breakout Setup, Move is ON...#CNXMETAL trading above Resistance of 8747 Next Resistance is at 11523 Support is at 6740 Here is previous chart: Chart is self explanatory. Levels of breakout, possible up-moves (where index may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:CNXMETALLong
by MandeepSinghKohli
Nifty Analysis: Double Top Alert! 🚨 Heads up, traders! Nifty has formed a double top pattern right at the peak. While we hesitate to scream "downtrend," signs point to a potential correction. 📊 Technical Breakdown: 1. Initial confirmation with a neckline break. 2. Crucial retest completed for added confirmation. 🎯 Targets & Stoploss? Refer to the chart for specified levels. Brace yourselves for potential market moves! Disclaimer: Market predictions involve risk. Trade wisely. #NiftyAnalysis #DoubleTopPattern #MarketAlert 📈🔍
NSE:NIFTYShort
by iamrk7
BANKNIFTY MATHEMATICAL LEVES FOR THIS EXPIRY (28 DEC )Hey , These Levels are based on purely mathematical calculations. Validity of levels are upto expiry of current week. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:BANKNIFTY
by YASHSINCE1995
US 30 - At Crucial levelThe index has been traveling in a rising channel formation for the last year. This time it reaches the top edge of the channel. If doesn't sustain the above, a downward journey is possible. We just see our risk-reward. Keeping a stop-loss of around 36400 on a closing basis for two days. or according to one's risk management. target seems 35700 or more. The setup fails if sustained above the channel. This is only for learning and sharing purposes, not trading advice in any form. All the best.
BLACKBULL:US30Short
by anandlive
3