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Bank NIFTY 30 Minutes chart break outBreak out is possible as per the Bank nifty 30 chart - seems like inverted head and shoulder - though it was not exactly like that.
But any break out from that level will ensure 200 points in Bank nifty ,where we can buy Bank nifty 43100 CE 22nd December expiry
Ensure strict stop loss of 30 points below from your buying price
Bank Nifty Analysis For Monday OnwardsAs per Elliott Wave theory, I found this for you all and hopefully will be good for you.
As per my analysis Bank Nifty will open Gap Down and if so then its going to hit 37250 - 36850 and Ultimately if it will go along my analysis then it certainly will hit 35100 - 35800 soon.
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bank niftyHTF bias for Bank nifty is still bearish, hence i expect once again bear run tomorrow...
if we have Gap up opening - then we can expect price to react at H1 Supply from there we can look for SELLS
- if price broke H1 Supply we can look for counter trend buys from H1 block though its a risky one (as price will be in premium zone)
If we have Gap down opening - then we can expect the Sells from either H1 BB/SnR zone or any other OB responsible for BOS
bank nifty 10-12-2021as we can see in the chart bank nifty work in two channels
1st one down trend channel
2nd one up trend channel
now what to do
as per daily chart price action bank nifty still in down trend
so we simple take opportunities for sell
where to sell
possible level to sell cmp 37203
1st near 37400 for tgt of 36891 with sl 37600
2nd near 36860 for tgt of 36200 with sl 37000
now
where to buy
1st near 36200 for tgt of 37000 with sl 35800
2ns near 36900 for tgt of 37800 with sl 36860
1st let the market to come near our levels then we decide what trade we take
BANK NIFTY 12TH NOVThis channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
The channel is also a provider of technical knowledge on technical analysis.
This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst.
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Maverick Trader
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BANK NIFTY IS BULLISH Upcoming targets for bank nifty in coming days.
Currently bank nifty if standing at 0.5 fibo support.
A triangle pattern is forming.
Soon we will see the breakout and once it breaks the above resistance, these targets will be very easy to achieve.
Hope no bad news comes from the global markets.
PLease do your own analysis and if you have any idea do tell me in the comments.
BANK NIFTY BREAKOUT FROM PARALLEL CHANNEL POSSIBLE?BNF is making fresh high in the last week. Lot of pundits in the market are bearish on Bank Nifty gains in the last week but the market is all more pushing itself up to new high. Biden Victory has added more fuel to market gapping up on 9th Nov over the parallel Channel respected in the last few months.
Will this sustain or will we see a retracement?
If it sustain above level, We can take a view for getting BNF back to pre-pandemic levels in the "short term" .