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Bank Nifty Short term viewPoints to be noted from the above chart
- one may notice that Whenever Bank Nifty has broken its 5 day EMA it has invariably tested its 20 days EMA.
- Moreover the chart also reflects that the index has touched its 1.618 Fibonacci extension level which is an important level to watch out for.
- Given the chart set up, if Bank Nifty respects the 1.618 extension level as resistance zone, then on break of 22225 level Bank Nifty might see levels of 21800 and probably even lower.
Take care and safe trading...!!!
BANK NIFTY
BANK NIFTY facing strong resistance at 20500 it will correct some points
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.
Bank Niftytoday bank nifty touched 61.8 fib level and closed we may expect bearish opening and start bullish again after mitigating breaker block.. It may go ranging also considering SMS in both sides..i have given several options here but all are probablities anything can happen.... Look for LTF BOS before taking any trades
Bank Nifty Trade Setup - Small SLBased on Ichimoku, demand-supply zone and Wave Analysis, We see good shorting opportunity in Bank nifty.
Entry: 52559
Stop Loss: 52917
Targets:51,918, 51575 and 51030
CE sell with Ce edge is best option.
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Bank Nifty 07/12/2020 30 min chart basis Technical analysisAs per 30 min chart technical analysis , my own idea is bank nifty will come to down
morning first 30 min it will reach (5th wave) 30449 then second 30 min retrace 3 rd 30min may forms touch the previous high 30449 then it may come to downward .
This is reference for awareness to loss Becare
Bank Nifty Supports and resistance.. And bearish patternThe Bank Nifty is making a bearish pattern called head and shoulder pattern, The banks are already weak, the hearing on moretorium will be on 28th September 2020, and it will not totally be in the favour of the banks. The pandamic is not over yet, so this all suggest will test the 21650 levels again and if it breaks will test 20000 levels also
Bank Nifty tomorrow 20-08-19Marked Yellow lines are crucial Support Levels for the Bank Nifty. If Nifty Close above the yellow line, then First target would be around 28600+ If close below the yellow line then the first target is 28067 and close below that will leads to 27700.
Kindly avoid buying/selling on consolidated area (Yellow line)
Disclaimer: For Education purpose only