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BankNifty Spot Weekly Outlook For Expiry Week ( Feb28 - March04)As discussed in Last Analysis Below 36878 low weak done all levels on downside 36451/35760/35068 Achieved. Falcon Analytics Outlook Bank Nifty for the week (Feb 28 – Mar4) Technically on the daily charts we see major support on the downside for BankNifty index lies at 35322 levels, whereas major resistance on the upside is capped around 37662 levels. If BankNifty index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 35599 / 33429 and and if breaches major resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 37662/38385. Currently BankNifty index is just trading above 200 day EMA @ 36206 suggests long term trend is Bullish . Falcon Analytics predicts range for the week is seen from 33429 on downside and 39555 on upside. ( All Spot Levels) RESISTANCE 4: 40725 RESISTANCE 3: 39555 RESISTANCE 2: 38385 RESISTANCE 1: 37662 WEEKLY PIVOT LEVELS: 36492 SUPPORT 1: 35322 SUPPORT 2: 34599 SUPPORT 3: 33429 SUPPORT 4: 32259 All above views for education purpose only. Regards, MD.
NSE:BANKNIFTYLong
by miraldesai
Simple Trade Setup | SBIN | 04-02-2022 [INTRADAY]NSE:SBIN Again selecting this stock. All the trade setup and levels will remain same. Trade Setup for 04-02-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:SBIN
by Trading_hawk
1
Simple Trade Setup | SBIN | 03-02-2022 [INTRADAY]NSE:SBIN Observations: 1) On 1 day time frame, we can see rounding bottom pattern. And stock is near the resistance zone. Either from here on breakout of this range it can give good up move or if it failed then we can see down fall. Please refer below chart : 1day Time Frame. 2) Also on 15min time frame, we can see this support channel. Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for 03-02-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:SBIN
by Trading_hawk
State Bank of india before budget daysbin currently trading between 518 to 538 price range i am assuming it is creating inverted head and shoulder, with such bullish market structure it can give nice breakout and if it sustain above 540 it can go upto 565 -568 indicators MFI ;looks normal and strong TSI : equally good no weakness ema : price trading above 50 ema indicating bullish sign NOTE; volatility is expected and will be higher because of event day PSU banks have posted good results than PVT banks as SBIN been the largecap and leader of Psu scetor it will be getting some sort of event effect, with govt planning on divestments most of the money flow are expected to diverted to SBIN TRADE ONLY IF YOU SAME CONFLUENCE OR CAN RELATE YOUR IDEAS WITH ME thanks, happy trading !!!
NSE:SBINLong
by Jimmy_Rebello
6