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Nifty Bank Index Technical Outlook: Awaiting a BreakoutThe Nifty Bank Index is at a critical juncture, forming a symmetrical triangle pattern on its daily chart. This pattern, characterized by converging lower highs and higher lows, indicates a period of consolidation, with a potential breakout on the horizon. Key Levels to Watch: Support: Ascending trendline from November 2022 Horizontal support around 51,173 Resistance: Triangle’s upper trendline Horizontal resistance near 51,699 Potential Scenarios: Bullish Breakout: A move above the triangle’s upper boundary could lead to a continuation of the bullish trend, targeting levels above 52,500. Bearish Breakout: A drop below the ascending trendline may trigger a decline towards the 50,000 mark or lower. Volume Insight: Recent spikes in volume suggest that a breakout—either up or down—might be imminent. Traders should keep a close watch on these levels for a confirmed move. Conclusion: The Nifty Bank Index is poised for a significant move. A breakout from the symmetrical triangle will likely set the tone for the next major trend.
NSE:BANKNIFTY
by ayusharya_001
1
HCG.. Big ATH Breakout (On the way, for 500% to 1000% returns)Fundamentally:: - Cheapest across the Hospital Industry, with 18x CFO to EBITDA - Cancer care is in the great tailwind across developed economies, which makes HCG a good play for the long run. As India evolves into a developed country, or India positions itself as a medical treatment outsourcer. - CEO is capable of envisioning a turnaround in the business Technically:: - Highest strength across its industry peers - Fresh breakout of all-time high, may go 5-10x from this level in 5-7 years. Disclaimer:: Biased. #Very_high_Skin_in_the_game!
NSE:HCGLong
by IIMA_Brat
Nifty Bank next moves on 25MAR2022Black trendline crossed As I mentioned earlier chart which is attached below and Redline is another major diagonal trendline. I'm on the Bullish side at this level, But I still can't decide exactly what the market will do. If the market starts with a green candle it may retest to 35375, wait to reject confirmation candle to go upside or if it crosses down this red line then it may reach to 35067 The above analysis is my view only. The market can turn any side anytime, depending on several factors so protective play is always safe. Anyway, stay alert to come out if you are going to lose. Never take risk all your Capital, Try to stay in the game by protecting your capital. Hope never makes you win, only Technicals and your mindset makes you win. Note: I'm not a financial advisor or registered analyst please follow the expert's ideas also before you trade. If you like or win from my idea please like and comment to encourage. Ask me if you want any chart analysis.
NSE:BANKNIFTY
by RisingPrince
Live Challenging Signal BUY INDIA NIPPON @ 376.20 Signal Specification Pair: INDIA NIPPON Entry Type: Buy Entry1: 376.20 ENTRY2: 210.20 Tp1&2: 592.80 Sl1: 311.50 Sl2:133.05 R/R: 4.97 Our Unique Features: ————————————————————— 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per trade. 4. Risk vs Reward up to 1:7. Note: Trade signals would usually have a risk to reward ratio of 1:2. It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit. This allows you to be good in overall pips profit. Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Best Wishes Forex Tamil
NSE:INDNIPPON
by Tradingwithtamil
2
Kotak Bank - Head and Shoulder Breakout Kotak Mahindra Bank making a Head & Shoulder Pattern, closed on a very critical support level i.e. 1939. Can give a good breakout if Bank Nifty Breaks tomorrow and the market sentiments act negative. Have given both the levels for buy and sell. If it takes support from the line of support tomorrow also for 15-20 mins go long. If the support level is broken and starts acting as resistance go short. Please let me know your suggestions as well. Thanks & Regards Hritik Kaushik
NSE:KOTAKBANKShort
by HritikKaushikk
2
NSE Bank Nifty Detailed Trend ForecastIn the previous week, bank nifty has lost -2027.3 ( -6.17% ) points, and according to this technical chart, it will keep falling after a short reversal. Because as per the Elliott wave theory, an impulsive wave ended at the 5th wave, and a corrective wave has started. In the last trading session, it has created an opening gap, and also breakdown the strong support trendline. There's no divergence signal though the Stoch RSI for a potential price reversal, and It's indicating a bearish trend ahead in daily & weekly time frame. Bank Nifty can find strong support at the 50% retracement level only. At present, it's at 38.20% of the retracement level, and a breakout of this level means the price can start collapsing for 21160 (TP1) - 20160 (TP2) levels. Please note you should not sell above to B of the bearish cycle. Technically, this is a green sign for a new bullish trend for long-term investors. ( Here I have separated the impulsive wave & corrective wave through a grey verticle line. ) If you have any questions regarding this bank nifty analysis, ask me by the comment section of TradingView OR for instant help, use the PC option.
NSE:BANKNIFTYShort
by forextidings
3
BANKNIFTY INTRADAY for 14 Jan,20I am absolutely unable to get a view on the markets. Had banknifty moved just a little similar to way nifty moved, I was expecting a solid swing of around 350-400 point in total till this weekly expiry. If anyone has any idea what can work as a trigger for tomorrow's trading, plz mention in the comments. Yes, there is a trendline. But the ways zones have come out, I am certain that trading the trendline breakout tomorrow for long side would probably not give a stable sl or a proper risk to reward. Then only good thing that can happen is we get a gap up tomorrow on banknifty beyond UZone, in that case we can just ignore the trendline and trade the bounce from UZONE. Yes there is call writing, but obviously cannot be predetermined to short banknifty when nifty gave a promising closing. Lets see.
NSE:BANKNIFTY
by The_RedTicker
3
BANKNIFTY INTRADAY for 13 Jan,20Zones are mentioned on chart. Newbie's takeaway: India Vix is good, markets are giving good moves. Weekly expirys, Short coverings, Full mood Long buildups, bull traps or bear traps at just the opening are all aligning so perfectly. If one has been in the markets for say past 3-4 years and still isnt able to make money in this kind of market, well sir/ma'am, there is something particularly wrong about your understanding of even the basics of the technicals of the markets. And I believe there's nothing wrong with that, just start with kindergarten again, read books, a lot of books! (not on technical indicators, but on technicals of markets, cycles or phases of markets, the psychology behind a spinning top or behind one day's gap up opening followed by next day's gap down opening). Long story short , You and I are rivals (that's how it is practically, right?). So, if you dont understand the game we are playing, how can you even think of a way or a method to beat me at it?? my "ONEPIECE IS REAL!!" wala speech :p
NSE:BANKNIFTY
by The_RedTicker