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Bank Nifty, Consolidation before 25K journey !Bank Nifty closed at 24,478 after touching a high of 24,764 (near term & strong resistance level). Is it a consolidation before touching 25K or it is a reversal ? only time can tell. My personal view is it is just a short term consolidation ! Lets see… Bank Nifty today gave 261 points on short side below the closing low of the selling divergence (blue) candle (15 minutes chart referred). Indicator used TE REKAB, it captures reversals in the market. This is my personal study & idea. Please take advice from your financial advisor before taking any investing decision based on above chart. Happy Investing ! PS: If you appreciate my study, pls do leave a like. My funda is to keep trading simple & stick to your conviction once you are on the right side of a trade, esp. intra-day trade !!
NSE:BANKNIFTYShort
by c4dilip
4
Bank Nifty, V Shaped recovery!Bank Nifty – closed at 24,635 today. Amidst huge volatility Bank Nifty touched high of 24,823, gave 468 points upside in 15 minutes chart from closing high of the buying divergence (Yellow) candle. To touch 25K it will have to break immediate strong resistance between 24,770 – 24,800. Indicator used TE REKAB, it captures reversals in the market. #TradingEdge Academy The Indicator used shows Reversals forming in live market, it is a whole setup in its own and is very helpful for beginners. Contact : 8433624173 for more. This is my personal study & idea. Please take advice from your financial advisor before taking any investing decision based on above chart. Happy Investing ! PS: If you appreciate my study, pls leave a like. My funda is to keep trading simple !!
NSE:BANKNIFTYLong
by c4dilip
BANK NIFTY ANALYSIS FOR A WEEK USING PRICE ACTION AND ZONESBank nifty has broken 23125 as marked which was acting as resistance most of time in past now the range to look for buying will be 23189-22255 as it a okaish demand zone which can also act as a support , further if 22255 is broken we can see a fall of almost 900 points. but from there we can eye for longs at various levels as marked in the charts i.e 21410 , 21050, 20550 with sl of 19490 so its basically buy Bank Nifty of Dips for some massive up moves of 25000, 26000 in span of 5-7 weeks if 23189-22255 range isn't broken bulls will be in-charge
NSE:BANKNIFTYLong
by b_bafna
2
Bank Nifty as on 28th Sept, 2020Bank Nifty as on 28th Sept, 2020 Bank Nifty has turned from bearish to bullish trend. 21875 looks an strong resistance as it 61.8% of retracement level. If Bank Nifty is able to close above said level on hourly chart, then its bullish will get confirmed. Here are the upcoming resistance levels 1) 21875 2) 22035 3) 22472 if it starts going down again, then here is the support level: 1) 21445 2) 21013 3) 20596 Disclaimer: This above view is purely for educational purpose. Please consult your financial advisior for any investment plannin
NSE:BANKNIFTY
by Trading_As_Business
BANK NIFTY IS THE NEW KINGBank Nifty has clearly sustained above resistance level and move into the next grove towards 25000, However Bank Nifty has moved 1800 points during the last 7 positive days (except for one neutral day). With expiry on the cards tommorrow is a crucial day, and its better if Bank Nifty would take some correction towards 23200 to move towards new highs. Tommorrow BNF is expected to move higher but would face resistance at 23470-23500. Better to avoid fresh long positions. Wait and watch would be my stand ;)
NSE:BANKNIFTY
by GAYAMAX
BANK NIFTY ANALYSIS - MARKET PROFILE & VOLUME PROFILE BANK NIFTY ANALYSIS - THE IMPORTANT DEMAND & SUPPLY AREAS HAS BEEN MARKET OF BANK NIFTY AS PER MARKET PROFILE & VOLUME PROFILE. PLEASE GO THROUGH ALL THE IMPORTANT LEVELS MARKED IN THE CHART. AS PER LAST WEEK BANK NIFTY HAS BEEN MOVING SIDEWAYS BETWEEN A RANGE OF 21900-22500 LEVELS AND NOW IT NEEDS TO BREAK IT DECISIVELY ON EITHER SIDES TO GIVE A GOOD MOMENTUM // DIRECTION IN A PARTICULAR SIDE. AS PER ORDERFLOW DATA THERE ARE NEUTRAL POSITIONS INDICATING THE FEAR OF CARRYING ANY SIDE POSITIONS IN THE MARKET IN THE WEEKEND. TWO IMPORTANT THINGS TO WATCH OUT FOR THE COMING DAYS - 1. GDP NUMBERS WILL BE COMING OUT BY MONTH END - AND BIG FUND HOUSES AND INVESTORS WILL BE ADJUSTING THEIR POSTIONS AS PER THE COMFORT. 2. AGR HEARING ON MONDAY INTRADAY SUPPORT & RESISTANC AREAS SUPPORT - 22200 // 21950-22120 // 21750-21850 RESISTANCE - 22340 // 22450-22550 // 22700-22800 // 23050-21120 TRADE WITH CAUTIONS
NSE:BANKNIFTY
by Devyansh_B