Bank Nifty Support and Resistance in 1hr chart
Nifty and Bank nifty is near by previous demand zone.. it will retest that zone and come down to next monthly support ( red colour line)... But in 4 hrs chart, it both charts are in consolidation zone... once it complete it will come down... Let’s see in next week
Banknifty formed a new channel which has target 31070 nearby. This is also resistance and Pivot for changing direct for short term at 3020 nearby. This new channel is not reliable as compare tight and bigger channel.
hi friends this is my second analysis if iam worng correct me .. as per my analysis nifty bank is going to be fall .....all the best have a nice trading day ....
now i am confused, share your valuable opinion below and help me to figure out whats going on next
I am expecting big move in Bank Nifty.
BnF has reversed from the .78 fib retracement in a classic channel. It is all set to touch the support of 25400. With the last election budget coming up, this doesn't seem far. A massive sell-off is enough.
Short Term Call Buy Axis Bank cmp - 449 - 445 Target - 475 (Immediate Target) StopLoss - 427
Currently the old trendline is acting as good support. Lets wait and see what happens next. Regareds, tRex Jurassic Park
Build Short Postions in Bn in the range of 22150-22300. In the current upmove i expect BN to top out at around 22300. One can go short at these levels with an sl at 22500 for target 21000 ( positional). This is a long term trade, expecting it to retrace to 21000 levels in the next 20 trading sessions.
Here is my BANKNIFTY analysis. Please use it as a reference for your trades!
Will Bank Nifty follow the Nifty way to fill the existing GAP ? If yes, then bear will takeover the Bank Nifty also. Trade: Short below = 18797 Target 1 = 18709 Target 2 = 18552 Target 3 = 18440 Stop Loss = 19002 Reward Points = 540 Risk Points = 205
Ascending Triangle formation on LICHSGFIN. Buy above 528 Target - 534