BankNifty View Double Top or Inverted Head n Shoulder ?BankNifty seems to be bullish but at the resistance which was tested more than twice.
Above 35500 bullish bet
Below 34980 bearish bet
Niftybankanalysis
Nifty Bank weekly Analysis Forming an Inverse Head and Shoulder Pattern on hourly chart.
Supply zone tested multiple times.
If it breaks the resistance zone with higher volume
then there are chances of uptrend in next week.
Target for next week:
1st target 35888
2nd target 36258
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This is my personal Opinion about NIFTY BANK .
Take it as educational purpose. I am not SEBI registered or any Stock market expert.
I am not responsible for PROFIT or LOSS.
BANKNIFTY Weekly LEVELSMagic Lines:
All supports are not for buy level. As like all resistance are not for sell levels
After long research and back testing we find which S&R is for sell level & which S&R is buy level.
In that result we give the pure intraday levels in charts.
BLUE LINE ARE BUY LEVELS (Target lines)
ORANGE LINES ARE SELL LEVELS(Target lines)
Additionally we added guiding line for entry and SL
There are 10 different pattern based on market opening for getting entry in market with this line if anyone interested please command below ..
HDFC BANK LONGHDFC BANK!
Largest Private bank in India and I personally love its stock keep this stock in your portfolio.
It is respecting its pre covid trendline!
Target and SL marked in pink
buy bankniftybuy @niftybank cmp 34320 spot
sl below 34280 spot
tgt 34380----3420 spot
@Banknifty @index
AXIS BANK ANALYSISAs per hourly price action
Axis bank is trading in Rising wedge pattern Also Axis Bank create Second lower high and bounce back from support area zone.
rsi also cross 60 level in hourly timeframe .
Buy area Above Only 753 target 1 : 760 Target 2 :766 Target 3 : 774
Stop loss : 730
INVERTED CUP & HANDLE PATTERN IN NIFTY BANKWhere nifty has been seeing making new ATH almost every other day, bank nifty is struggling to keep up with the same pace.
Technicals analysis, just tells us the probability of happening of a situation. And now sighting of a strong bearish pattern hence trade with caution for the coming week!
CUB Analysis - Short Term BuyThere are two buy in CUB . If it crosses 170 then
Buy- Above 170
Sl- 167
Target - 174 176.55 180
And if it comes to 164-165 then
CUB
Buy- Between 164-165
Sl- 160
Target - 170 174 177
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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Intraday strategy for bank niftyBank nifty 15 min chart study
Bank nifty made head and shoulder pattern
If it breaks yesterday high then it can go to 36000
And 36500
BANKNIFTY TREND ANALYSIS FOR 03/06/21intraday levels.
35,610 to 35,490 is no trading zone
if price cross 35,610 then buy35,600ce & 35,700ce
and price cross 35,490 then buy 35,400pe & 35,300pe
BankNifty Rising WedgeBankNifty Expiry seems interesting tomorrow.
Expecting sideways action for 1st half and second half might show Breakout / Breakdown.
For chart pattern, explained in above chart.
Banknifty intraday setupUse 5min Frame
Expecting narrow sideway market
1. Long only above upper key zone
2. short after upper key zone for small target
Possible 6 waves projected trade according to market opening
BankNifty Double Top BankNifty formed a double top with bearish divergence
Above 35436 : If price breaks out, then flag n pole setup to be followed and target next resistance - 35750 / 35800
Below 38494 : If price breaks down, then double top confirmed, 1st target 34140, 2nd target 33270
Happy Trading !!!
nifty bank long bullish (banknifty)nifty bank is ready to shoot up for moving ahead next target which is 36000-36600 (1000-1600) point upmove we can see in next two - three trading session.
1.Nifty bank breaking the resistance of 35000 and immedaiate resistance is 35200 which will break soon.
2. Nifty bank is overall uptrend.
3. Looking the opportunity for long with the sl 34830 entry around 35000-35020.
4. 15min. time frame made bullish engulfing and doji candlestick pattern, which is indicating nifty bank bullish.
5. 1 hr timeframe downtrend channel breakout done.
(sharing view not recommandation)
Thanks and regards
Chazz sen
+917000725404
