1. Green Trend line: I would "carefully"
go LONG at "successful breakout".
(1 Qty at breakout, another at retrace)
2. Red Trend line: I would go short on
following 2 scenarios.
(a) Open gap down, wait for retrace and
go short at lower trend line.
(b) Open in-between trendline and breakdown;
I WILL WAIT FOR RETEST AT TRENDLINE and go SHORT
Points to check for tomorrow
Buyer are trying to get the momentum still but still sellers are present at 44600 to 44750
Might a Gap up opening can make buyers active for tomorrow
Sellers can be seen active at below 44400 to 44200
Buyer can been active at above 44700 or 44800
Note : Do your own analysis before taking trade.
Banknifty is showing unusual resilience to breakdown, instead its chopping around. The intraday swing range has narrowed in the last 2 days which means we could expect a massive move pretty soon. I am not very sure what is restricting banknifty from falling.
For example we had a good gap down today and hit the swing low of 16 Aug, but the recovery was so decent...
#BANKNIFTY analysis. market are now in bullish foam.. If the market want to go upside the market need to touch 42686 which means we buyers can confirm that the market will go upside. if the market break 42650 zone then we can go for PE(PUT) FIRTS TARGET =42504,42424,42372. Upside target = 42836,42906,42940,43033
Analysis After 12th Dec 2022 Closing.
>After Last day closing my view on nifty is Neutral Basically Until, it close beyond 18500-18350 range in Daily TF .
> If it Close above 18500 then - T1 will be Previous High and T2 will be 78% retracement of All time High Point of Nifty.
>If it Close below 18350 then- I'm expecting that it will...
As recently Bank Nifty made a new high just above its previous high so now it is in the wedge pattern which is looking for the support and near by good support is of 40500.
Thus we can go for long in Bank Nifty upto next high level or for a double top pattern.....
As BANK NIFTY rejects from its previous high and continously going toward its...
For the last 2 days, we see Bank Nifty opening with a Gap down and giving a sideways price action. Being a monthly expiry tomorrow, we may see some volatility during the second half. We could see 34000 is key resistance and 32000 is support. So look for big moves happening above or below it. Happy expiry!
BANKNIFTY Taking SUPPORT in Higher Time frame 1 HR You can see clearly
In a 15 MINS It is forming SYmmetrical Triangle ...If it break up you can take buy or wait for the market the symmetrical triangle to retest and take buy
If it is breaking down take sell or wait for the market to retest the symmetrical triangle resistance and fall lower low for sell entry
When Nifty was sub 16000 levels this is what was posted
Hit the play button and see the magic of Technical Analysis.
Now Nifty is near 200 day EMA
current levels have also acted as Support in the past
can the same zone act as resistance now?
Will Nifty fly higher or would it stop?
Only time will tell...
We are not that bullish from here on .