Bank Nifty TRIANGLE break down _1 hr Bank Nifty was broken the triangle pattern for 1 hr timeframe. There could be a retracement tomorrow and continues the downward direction.
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Bank Nifty: Intraday Supply and Demand Zones.Bank Nifty closed in the major supply zone @ 19815-20840. On the downside, there's one more supply zone @ 19180-19500 and upperside 21500-2170.
Please find the supply and demand zones in the chart.
tgram swapniltradingroom
Bank Nifty: Intraday Demand and Supply ZonesBank Nifty next supply zone @ 17500-17600. Once it sustains above this zone it may test its next supply zone @ 18400-18900 but be careful this move may not have strength. On the downside, once it will sustain below 16300 then only I will sell for the target of 15500. 16300-17600 will be the no-trade zone for me, I may take the trade-in option selling in this sideways zone because expiry is very close.
tgram a swapniltradingroom
Bank Nifty: Weekly Major Demand ZoneBank Nifty major demand zone @ 17500-18200. This is major support on the Weekly and Monthly chart. Let's see BNF will hold this support or not if it will fail to hold this support and manage to sustain below this zone then we can see the BNF @ 15700-16300 and 13300-14000.
Bank Nifty analysisBank nifty is in a bullish trend, the Solar Eclipse was on 26th December 2019, which has changed the trend for the index. The effect was clearly seen today. Talking about price levels, the major resistance is at 33489. Before that, the upcoming strong resistance is 32860. If index floats above 32160, which is likely to, then the next possibilities are 32640-->32790.
Regards,
Sharma Yogesh
BANK NIFTY REVERSES MILDLY BEARISH OUTLOOK OF THURSDAYBANK NIFTY IS AT RESISTANCE .
SEEMS TO BE MORE BULLISH THAN NIFTY.
HOWEVER IF IT GAPS UP AND FALLS THEN IT MAY GET SUPPORT AT 28129 AND 28049.
RESISTANCE LEVELS ARE RETARCEMENT LEVEL IN THE CHART AND 200 DAYS SMA..
IF IT OVERCOMES TARGET MAY BE 28839
Bank NiftyBank Nifty Trades using Blue Sky Plus Indicator. Message or Comment to get a free trial of the indicator.
BANK NIFTY : -181 PIPES LEFT TO BREAK PREVIOUS WEEKS +990 PIPES BANK NIFTY BREAK DOWN -809 PIPES FOR PAST {MONDAY : -243 PIPES , TUESDAY : -175 PIPES, WEDNESDAY : -184 PIPES , THURSDAY : - 207 PIPES }
AFTER DEC 05 2018 : RBI UNCHANGED 6.5 % INTEREST RATE : BANK NIFTY CONTINUOUS TO BE NEGATIVE WEDNESDAY : - 184 PIPES & TODAY : THURSDAY : -207 PIPES
IN WHICH MY PREVIOUS ORDERS ATTAINED 80% STILL TARGET 4 AS TO ATTAIN FOR REFERENCE DEC 05 SELL ORDER : IF IT BREAKS 26443
SELL BANK NIFTY @T ENTRY : 26442
STOP LOSS : 26821
TARGET 1 : 26347
TARGET 2 : 26315
TARGET 3 : 26253
TARGET 4 : 26063
SO BANK NIFTY REACTS OPPOSITE(NEGATIVE) TO PREVIOUS WEEK POSITIVE MOVEMENT + 990 PIPES
IN CASE BANK NIFTY COMPLETES ANOTHER - 181 PIPES THEN BANK NIFTY BREAKS PREVIOUS WEEKS POSITIVE MOVEMENT
SO IF TOMORROW BANK NIFTY BREAKS 26153
SELL BANK NIFTY @T ENTRY : 26152
STOP LOSS : 26628
TARGET 1 : 26033
TARGET 2 : 25993
TARGET 3 : 25914
TARGET 4 : 25676
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Bank Nifty: More Downside to Follow.-Bank Nifty breaking a key resistance today.
-MACD crossing under 0.
-Further correction looks likely.
-Emerging markets across the globe currently under pressure.
Not an investment advice. Do your own due diligence.
Disc: Short via puts.
Bank NIfty Chart Analysis: RBI Policy tomorrow...Bank Nifty
Closing Price 25811
In our previous post, we highlighted the importance of 25800 and 25280 levels
As can be seen from the chart, Bank Nifty respected both the levels
Now we have RBI Policy tomorrow
What can we expect...
The up side resistance zone is still intact
On any rise, if we see price action getting rejected, we could be in for the 2nd leg of correction....
Resistance and Target zone have been highlighted
There you go...
Important levels have been highlighted
Hope it helps in planing your trade...
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Take care & safe trading...!!!
Bank Nifty: Support & resistance levelsBank Nifty
Closing Price 25124.85
We have RBi Policy tomorrow...
As per Andrew's Pitchfork
Strong resistance at 25480
Crucial zone 25180 - 25080
Support at 24820 levels
We have identified important levels and we keep ourselves ready.
Will update this thread further during market hours...
Take care & safe trading...!!!
Bank nifty cup and handleBank nifty forms cup and handle pattern in the 15 mins chart, and gives a breakout.
Bank Nifty 10/01/2025 Start Down TrendBank nifty breakout on his support line and start down trend continue. Monday Bank nifty trade will be more down falls .Market me be big selling or profit booking on Monday.
Bank Nifty Short term viewBank Nifty Short term view
Bank Nifty formed Head & Shoulder pattern in weekly TF.
Neckline is 49800. Price closed below the neckline and confirmed the pattern last week.
45000 is the possible target as per the pattern which we may see in the coming weeks.
49700-50000 is the resistance for next week.
If Bank nifty gives a pull back, Resistance zone is the ideal level to open a short position.
Bank Nifty key intraday levels for 24.12.24Bank Nifty key intraday levels for 24.12.24. Please refer to the self explanatory important zones and mark the levels in your chart and get prepared.
Bank Nifty
Resistance
R1 51500 - 51650
R2 52000 - 52080
Support
S1 51000 - 50900
S2 50680 - 50400
Regards
Bull Man
Bank NiftyBank Nifty seems to have corrected and is near trendline support
Cmp- 50970
Sl - 50700
Bank Nifty might reverse from these level with a northward move expected to be of 2000 points in coming days.
Note: This is just my view and not a recommendation.
Bank Nifty Monday Analysis Bank Nifty Monday Analysis
Bank Nifty took support around 52300 on Friday and then came back into the range
Bank Nifty has a resistance level around 54400
Bank Nifty once again came above 53,000 On Range
BANK NIFTY - Key levels for 09.12.24BANK NIFTY - Key levels for 09.12.24
1. Bank Nifty is at its power supply zone
2. As we are at the Selling zone, Longs should be very careful.
3. Also, we might hit ATH if this supply zone is not respected.
4. R1 and S1 are marked in the image.
It would be better to be cautious from from LONGS. Thank you.
Regards
Bull Man
Bank Nifty - Hourly chart -nearing its key supply zone- 05.12.24Bank Nifty - Hourly chart - 05.12.24
1. Bank Nifty is nearing its key supply zone
2. This supply zone has to sustain for making new lifetime high
3. If not, we might be heading towards swing low
4. Coming Friday is RBI policy announcement. So, we have to wait and see how technical analysis works from here.
Thank you.
Regards
Bull Man
Bank Nifty - Intraday Levels for 29.11.24Bank Nifty - Intraday Levels for 29.11.24
Mark the below mentioned levels in your chart and get prepared for tomorrow index trading.
These buying and selling levels has good accuracy.
BANK NIFTY
R1 52180 - 52200
R2 52580 - 52600
S1 51760 - 52800
S2 51300 - 51350
Bank Nifty possible moves for next 1 monthBank Nifty has been moving in a channel since Covid time, it has formed a rising wedge pattern where the upper band starts at Covid time swing high and lower band starts at Covid time low.
I can not switch to monthly timeframe to show the rising wedge pattern on the chart else won't be able to show the possible moves within a month, but the sky blues lines are upper and lower lines of that rising wedge pattern. Here is the link of another post I made to show this wedge pattern on weekly chart:-
As of now bank nifty is in between and it is most likely forming ABC correction wave shown in blue color wave.
It has formed wave A already after making new LTH where it touched the upper line of pattern and now seems to be making the wave B to retrace back few points on upper side (wave drawn in green) and then it need to form wave C (wave in red color) which can possibly go till the lower line of the wedge pattern as drawn on the chart.
As bank nifty has so far respected this wedge pattern lines beautifully since Covid time means 2020 i.e. 4+ years so it is highly likely that it will get support around 49300-49500 if it reaches there following the pattern drawn. This is also 0.618 fib retracement taking 04 June 2024 low (46077) and LTH of (54467). From there it can start a new up move if gets support.
** I have predicted a possible downside move in Nifty 50 as well and for that to happen bank nifty shall fall too, here is the link for that post:-
** This is not a trade advise, just applying chart patterns, wave theory together to predict the possible moves and please do your own analysis before taking any trade.
** If it breaks below 49000 level then Bank nifty will lead to much bigger corrections but for now I am not predicting that to happen.
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Also comment to provide your inputs which probably I have missed. Thanks!
