Get started

Search in ideas for "bank nifty"

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. Thanks for taking a look and if you like or find the analysis relevant please like and share. Also comment to provide your inputs which probably I have missed. Thanks!
NSE:BANKNIFTY
by brainyAccount81243
bank nifty on 04/11/24Bank nifty forming bullish flag pattern inside consolidation zone bank nifty trading in 51675 now, 1) can give pullback till 51500 level ( fib 50-61%) if breakout, flag pattern trend line and retest above 51800 , target & resistance - 52000 & 52300 2) if down trend continuous , next support level 51300 & 51150 level ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTYLong
by banupriyaloke
Bank Nifty Analysis for TomorrowBank Nifty Analysis for 11/10/2024 Market Outlook: I expect a flat to slightly gap-down opening tomorrow. Key Levels: - Crucial Level: - 51,270 - Support Levels: - 51,400 - 51,270 - 51,040 - Resistance Levels: - 51,650 - 51,800 Trading Strategy: - Long Position: - If Bank Nifty opens around 51,400, I will take a long trade targeting 51,650 and 51,800. - If it drops to 51,270, I will average my position for a long trade, targeting 51,400 and 51,650. - Short Position: - If Bank Nifty sustains below 51,270 for 15 minutes, it will indicate a clear short trade with targets at 51,040 and 50,800.
NSE:BANKNIFTY
by SkyTradingZone
Bank Nifty Weekly Analysis For 30-09-24 to 04-10-24Bank Nifty Weekly Analysis For 30-09-24 to 04-10-24 53000-54500 is the Sideways Range for coming weeks. We may see bank nifty moving both sides in between the range. 54350-54500 is PRZ area which means price may either consolidate or give a Correction. If Bank Nifty trades below 52900, more downside possible and Targets are 52480/51980. Long above 54500 for 55000/55644. High Probability is we may see a sideways market next week.
NSE:BANKNIFTYShort
by n99trades
Bank Nifty Levels and Technical Analysis- Bank Nifty is currently trading at 53,043 as of today and is down by 1.5% - Bank nifty took out buy-side liquidity and trapped many buyers but at the same time the market structure looks intact and bullish - Bank has a huge displacement around 52,000-54,000 - Bank Nifty might move after filling the Bullish Fair Value gap which is lying around 52,300-52,600 - Bank Nifty can make another higher high post that so be cautious and wait for the price delivery to purge your point of interest
NSE:BANKNIFTYLong
by VKtradesimbalance
Bank Nifty Technical AnalysisBank Nifty Technical Analysis: Price Movements: The chart represents 15-minute intervals of the Bank Nifty Index. Observe the candlestick patterns (open, high, low, close) to understand short-term price action. Support and Resistance Levels: The red dashed line indicates a resistance zone. The green dashed line represents a good support zone. Volume Analysis: The large red vertical rectangle highlights significant volume at a specific point in time. High volume often accompanies important price movements. Patterns: Keep an eye on any emerging candlestick/chart patterns on lower time frame (e.g., doji, engulfing, hammer) for potential signals.
NSE:BANKNIFTY
by TradeAXN
Bank Nifty Weekly Analysis For 02-09-24 to 06-09-24Bank Nifty Weekly Analysis For 02-09-24 to 06-09-24 50700-50800 is the Major Support for Next Week. Bank nifty has given breakout of Downside Trendline that is holding the Downtrend Since 04/07/24. XABCD Activated Previous Week. Change of Character(CHoCH) in 4hrs Chart. Long Confirmation is Above 51550 for the Targets of 52000/52680. Our View will be failed If Bank nifty comes below 50700 and index may go into a Range again. View: Bullish to sideways.
NSE:BANKNIFTYLong
by n99trades
BANK NIFTY ANALYSIS 18 MAY 24BANK NIFTY ANALYSIS 18 MAY 24 Currently bank nifty is at neutral zone it can go up or it can fall will be decided by upcoming 2-3 days currently it is trading at 48199.00 bullish levels will be as follows level 1 : 49051.00 level 2 : 49666.30 Bearish levels will be as follows level 1 : 47135.00 level 2 : 46621.60 level 3 : 45825.15 for more details you will get level by level details in chart this analysis is purely for educational purpose only.
NSE:BANKNIFTY
by believe_in_your_dreams2517
7
BANK NIFTY GANN TREND ANALYSIS DAILY CHART 31 JULY 2024Bank Nifty Daily Chart with Monthly Gann Angles which are most important for Gann Analysis are shown in chart. You can see the January 2024 hit on the Monthly angle at 44843. Then the next Monthly angle hits around the level of 48920. You will how Price Action has developed around this angle provided various trade opportunities to the up and down angles. ATH was hit around the Monthly Angle of 52996. We see the Monthly Angle hit twice with a Double Top Formation. Nice short opportunity around it. We use weekly and daily angles to monitor the trades and maximise the profits. Breakout on Bank Nifty will be seen above 54352 as per the Monthly Angle. Following the price action within the Monthly/Weekly/Daily Angles with the Gann Trader Ultimate Edge on Trading the Markets. Gann Quote : " We use geometrical angles to measure Space and Time periods because it is shorter and quicker method than addition or multiplication; provided you follow the rules and draw the angles or lines accurately from Tops and Bottoms, or Extreme Highs and Lows." Happy Trading !!! kbr9121965(Use my Handle of Trading View Platform to Like and boost my ideas. If you like them share to Fellow traders for their benefits.) N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of thisbeautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
NSE:BANKNIFTY
by kbr9121965
2
Bank Nifty Analysis: Critical Support and Resistance LevelsBank Nifty Analysis: Critical Support and Resistance Levels By Santu Saha (Santubittu) Understanding the Market: Support Zones: * Primary: 50850 * Secondary: 50400 * If Bank Nifty opens between 51600 and 51300, initial support at 51350. Resistance Zones: * Initial: 51770 * If Bank Nifty opens below 51770, initial resistance at 51772. Potential sideways movement between 5200 and 52400. Breakout above 52400 indicates bullish trend. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves risk.
NSE:BANKNIFTYLong
by santubittu
Bank nifty analysis as per Elliot WAVE theory for 24th JuneBank nifty seems to be in corrective phase of Elliott wave and has reached till wave B and now in last phase of making wave C (see wave in blue color). If so it is supposed to give a down move in the form on WAVE pattern 12345 ( see wave in red color). Breaking below 51524 in the morning hours will give the confidence that WAVE (i) is getting formed making wave (3 - in grey color) of WAVE (i - in red color) of WAVE C ( in blue color) that means 51680 must not get broken and bank nifty must better open gap down and should not cross over 21 June close. If this turns true than up to 50650 can the be target for the days - 24 and 25 June (weekly pivot point and trendline support area) It might get difficult to take entry in wave (3 grey color) of WAVE (iii in red color) of WAVE C (blue color) as first we need to get a confirmation of WAVE C getting formed so one can make entry at the end of wave (ii) of WAVE C to target 50600. WAVE (ii) means bank nifty first will go down in morning hours and then will trace back and then most likely from EMA 200/100 or VWAP it might see some weakness and from there it can target 50650. On other hand break above 51800 will invalidate this theory. * It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade at your own risk. ** The waves must be seen on 1/2 minute chart which I can use to publish - minimum 15 min chart is allowed.
NSE:BANKNIFTYShort
by brainyAccount81243