Prediction for Bank Nifty ExpiryPrediction for Bank Nifty Expiry on 10-Aug.
Will touch the resistance at 45040-44975 and might go down below 44500.
Multiple Time Frame Analysis
BANKNIFTY still maintaining itself in a range.. yet to break!As we can see despite the trend line breakout BANKNIFTY didn't move much as it got rejected at the psychological level of 45000 as we analysed in our previous analysis and maintained itself in a range throughout the day. Now we can see BANKNIFTY maintaining itself in a range of 44750-45100 levels. The break of 45100 could potentially show a unidirectional move filling the gap till 45600 showing a 400-500 points unidirectional move so plan your trades accordingly
FinNifty weekly expiry on 08/08/23.Finnifty on the daily charts has formed a dojo after a gap up opening and has closed below the 20 ema.
DJI has given a bullish candle closing 400 points higher which gives a bullish move prediction in Indian markets too.
On the hourly charts market has consolidated in a range of 100 points, closing between both the moving averages. Consolidation in done and breakout can give nice target. There is a bullish diverge in RSI indicator too.
Even on 15 minute charts, it has closed between both the moving averages.
Support :- 19970, 19870
Resistance :- 20050-90, 20210
The market has consolidated and bullish trades can be initiated once 20090 levels are crossed.
Watch option premium as there will be time decay due to weekly expiry in FinNifty.
Wait for the price action near the levels before entering the markets.
BANKNIFTY ready for unidirectional move now..?As we can see BANKNIFTY had been in a range throughout the day without breaking either of the levels after taking support from strong demand zone hence now we can expect BANKNIFTY to break the trend line which it had been respecting since last few trading sessions making it weaker hence making the break of trend line very eminent and the break of trend line would also break the psychological level of 45000 which had been acting as resistance which would lead to a unidirectional move so plan your trades accordingly based on following break of both trend line and psychological level
Bank nifty - 8 AUG ....Description....
My ideas....
**Strictly follow TREND LINE
# Up side levels :-
(Whenever the market crosses the trend line then upside movement will be fast.)
1. Target price - 44931
2. Target price - 45003
3. Target price - 45079/45124
# Down side levels :-
1. Target price - 44765
2. Target price - 44709
3. Target price - 44652/44618
NOTE : Only for educational purposes.
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BANKNIFTY ready to reverse from here ?As we can see BANKNIFTY has reversed exactly from our given levels as analysed in our previous post. Now we can expect BANKNIFTY to remain bullish above our given levels and till BANKNIFTY maintains itself above our given levels till then every dip is a buying opportunity until it breaks below the level which would confirm the downtrend and would plan the trades accordingly
Adani Enterprises to reach 3000?Weekly Timeframe is bullish
Daily Timeframe has tested daily demand zone
It is ready for bullish momentum on the upside
TVS Motors SwingWeekly Timeframe is Bullish
Daily Timeframe has made a good base
4HR timeframe has tested the base
Go long FSLFSL is fundamentally a good company and has its operations across the globe. Since it’s launch stock has given more than 37% return YTD. After making lifetime high, stock has fallen more than 60%. It has formed a rounding bottom on weekly chart and closed above the neckline with good volume and tested the same level.
On daily chart, stock has done positive price action and showing strength for upside.
In last trading day, stock has given breakout on lower timeframe with good volume and ready to begin its upward journey.
One can buy this script in swing or position as per their risk management. Stop loss will be 120 that can be immediately moved to 135 once price confirmed the brakout of lowe timeframe in higher timeframe. Targets are mentioned in the chart.
Happy trading :)
Railway stock at pre-breakout levelIRFC has recently moved to all time high and now has formed a symmetric triangle pattern. As per the price action on daily and weekly chart, currently it is trading at pre-breakout level and today closed with good volume.
Aggressive traders can initiate long position at CMP and safe trader can take entry once daily candle closed above the entry line. In short term, it can move upto 38-40 rupees and also looking good for positional trade. Stop loss will be below the swing which is around 31.
Happy trading :)
Is this the rise of New Trend..?As we can see BANKNIFTY fell unidirectionally for over 600++ points exactly as analysed in our previous post as it open-end weak and fell unidirectionally. Now following the global cues we might expect the index to open weak tomorrow too, hence we may expect BANKNIFTY to remain sideways to negative throughout the day until it reaches our demand zone wherein any signs of rejection could be a good buy so plan your trades accordingly
KESORAMIND LongPrevious S&R with well respected Fib Levels
(Also a possible smaller scheme within a larger Smart Money scheme)
KESORAMIND
BUY above 64
SL: 59
Target: 67.6, 73+
BNB BULL GAME 🚀going to mitigate high time frame POI.
and hopefully turn Bullish🚀.
Entry 237- 233
Target SL in chart.
RR 3.7
BANKNIFTY taking support at trend line..?As we can see despite a strong opening BANKNIFTY failed to sustain itself and fell unidirectionally being sideways but can be seen taking support at the trend line hence if BANKNIFTY opens above the trend line and takes support we might see a strong recovery but if it opens weak we may see BANKNIFTY falling unidirectionally over 400++ points so plan your trades accordingly
Exact REVERSAL from the trendline! Where is it heading next?As we can see BANKNIFTY showed a unidirectional move after opening flat and took support around the trendline in the first half and reversed exactly from the trendline and showed exactly from the trendline over 300++ points and hence now if BANKNIFTY opens flat to strong we can can see another strong rally of 400-600 points in coming trading sessions so plan your trades accordingly
NIFTY at TRENDLINENIFTY is near trendline.
Go long if it gives breakout on the trendline and crosses the nearest important levels.
1st Target - 19857
2nd Target - 19989
If there is momentum it can reach the 52-week level.
IRFC fresh breakout on daily, weekly and monthly timeframeAs you can clearly see on the chart, IRFC has been consolidating for the past 5 days and today it had finally given the breakout from all its resistance levels and today is also the last trading day of July month.
If you look at the volume then you will find that when it moves up, it moves with a strong and big candle but when it comes down then there is less volume, which also signifies a strong move ahead.
KCP Weekly Timeframe is bullish
Daily Timeframe has made a good base and tested it with a pullback
4HR timeframe has also tested it's structure
BDL SwingWeekly Timeframe is bullish
Daily Timeframe has tested the demand zone
4HR timeframe has tested it's structure
Best time to buy BestAgroBestAgro has formed rounding bottom in weekly chart and closed above weekly supply. Last week it has tested the same level and formed hammer on weekly chart. On daily chart, rise in volume is observed along with rise in price which is again a bullish signal. Also, a cup and handle pattern is observed in daily chart. Though I don't trade chart patterns, it is another point adding some value to overall analysis. In summary, BestAgro is looking good for swing and positional trading.
Agressive traders can buy it at CMP and safe trader can buy above the safe entry line when weekly candle close above it. SL will be below 1000.
Happy trading :)
Apollo Hospitals very bullishApollo hospitals stock is looking very bullish in weekly and daily timeframe. It as per the price action, stock is looking very positive for swing and long term holding.
After consolidation, it has given healthy closing on the daily timeframe with good volume. One can buy it for swing trading with targets mentioned on the chart. SL will be seing low. As per its bullishness, we can expect swing targets in 2-4 weeks.
For long term holding, expected targets are 7200 and 8200 in few months. Follow the trendline if want to add more quantity when correction happens.
Don’t forget to follow your risk management.
Happy trading :)
Buy and relax with RelaxoRelaxo Footwears is a well known brand in the manufacture and marketing of footwear and related products. It operates through the Foot ware and Related Products segment. Since its launch, this stock has given massive 6592% return in 12 years and has potential to grow more.
After making lifetime high, stock has corrected more than 50% and has changed it’s trend from negative to positive in weekly chart. Also, ot has given healthy breakout of the higher timeframe trendline.
On daily chart, it is trading in a channel and currently it is at the lower part of channel. It has tested its immediate supply of 952 and closed near the same level with positive momentum.
In coming days, we can expect a breakout and immediate target will be 980.
One can buy it in swing for the targets of 980,1000. Stop loss will be 910.
Agressive buyers can buy at CMP amd safe traders can buy once proce sustain above the neckline. After sustain, SL can be moved to moved to 930. Follow your risk management.
Happy trading :)
Banknifty next week prediction Target 46500 in next week after going down a bit to test out the order block at 45
