Hey Everyone! A small market update about what has been going on lately and what may happen later. Ever since NIFTY BANK broke its two month long trend line upwards on 15th of June(Friday), the index has been seeing red till 20th of June(Wednesday). Ever since that trend reversal, a bullish parallel channel has formed. It is shown with the blue dotted...
BANKNIFTY is unable to take out its previous high, with huge selling pressure above 26600. making it a SHORT SELL Candidate, SELL BANKNIFTY around 26450 with Stop-loss of 26305 and Target 1 at 26305 and Target 2 at 26080. These calls are purely based on Technical analysis. Investing in these calls requires self decision or advise from a financial analyst. I am not...
Everything is explained in the chart
Next bullish wave is forming for NSE:BANKNIFTY on Renko charts. Supertrend & Aroon crossover indicates a perfect time to enter in position on Monday. Although, Renko-Supertrend will give exit signal on their own. But, extrapolation of previous Renko Chart resistance indicates a rally till 27250 level which should be a good exit level.
Levels mentioned on chart. additional data as of today : 26000 Put has been reduction in open interest whereas as slight OTM calls has seen increase in OI. Future OI is also decreasing signaling short unwinding. Any gradual increase towards 26600 could trigger short covering and take Bank Nifty to 27000 levels.
sharing Bank Nifty trading view for next few weeks , lifetime opportunity to make big money if you stick to buy on dips be positional adopt proper risk management ...reason breakout from inverted head and shoulder pattern ...close below 25300 on weekly closing exit
AXISBANK lost 3.5% on NSE with 4 times its average volumes. Its trading below Ichimoku Cloud signalling further weakness in the stock. Sell AXISBANK around 503 with Stop-loss at 311 and Target 1 of 482 and Target 2 of 478
NIFTY BANK NEXT MOVE KEEP WATCH.... Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own...
BANKNIFTY just breached ichimoku Kumo signalling a buy above 25720 with Stoploss of 25532 and Target of 26200.
i see a good probability of theis stock going to get strength on monday see a two day trade setup to go long for 1909 and 1935 target !
key levels of nifty bank given in charts trade with levels ...
i feel that bank nifty must remain range bound and should stay between 24800 to 25100 the moment it closes below 24800 a sharp fall can be seen immediately !!!!!!!!!!!!
Long Trendline lying on canara bank and need to wait for breakout. Trade: Buy above - 348.75 Target 1 - 356.00 Target 2 - 364.00 Stop loss - 339.00
Symmetric Triangle pattern formation on IndusInd Bank on EOD but MACD is bearish on bullish trend. So, MACD trend is not having strength. Trade Long: Buy above - 1502.50 Target 1 - 1520.50 Target 2 - 1536.50 Stop Loss - 1483.50 Trade Short: Sell below - 1469.50 Target 1 - 1454.50 Target 2 - 1438.50 Stop Loss - 1483.50
Yesbank Got Broked through the range, and it will look to test the Resistance above, and this is the region Friends, where we should take a short Confidently. NSE:BANKNIFTY Has already Broked the Channel and this may lead to other banking stocks to follow the spree. Check out How BankNifty broked out of the channel for Better Understanding down below in Related...
Bank nifty is been in channel since months, and looking at it seems like its leaning towards the downside and looking for the next corrective move since Jan 2017. Also the RSI indicates Bearish Divergence. It may bounce from the current levels, but sooner or later it will break that channel and we dont have to miss that move. If it breaks the channel now, we shall...
Bank nifty forms cup and handle pattern in the 15 mins chart, and gives a breakout.
Bank nifty forms a hanging man pattern in the daily chart. Bank nifty could see selling to 22600. Rsi has made negative divergence.