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#Banknifty Trading Important levelsOn 1 Day Timeframe, Banknifty Index trading important levels. Time to wait for either breakout or Breakdown (reversal) for the Banknifty Index. Breakdown Move - Confirmation for breakdown will be if Banknifty Index starts trading and sustain below 50311 level - Downside rally nearly 2000 points expected in case of breakdown - Intermediate support expected near 48855- level - Short Trader can place there stop loss if Banknifty Index starts trading above 50568 level Breakout move - Long side movement expected in case Banknifty Index starts trading and sustain above 50568 level - Above this level Banknifty Index can go upto the 53070+ level. - Intermediate resistance expected near 52280 level - Long trader can place there stop loss if Banknifty Index starts trading below 50311 level.
NSE:BANKNIFTY
by TradZoo
1
Atam is testing ResistanceHey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Forming Symmetrical triangle Pattern in daily TF. * From May 2023 to May 2024 Tested Trendline Many times. * It's Near resistance Zone and trying to breakout. * If Stock break's resistance zone then we can see a move to 241 and if sustain above 241 then we can see a good move, let's see breakout sustain or not. What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Don't know how we miss this amazing stock and forget to share this with you all family.
NSE:ATAM
by ChartSight
Reversal Broadening Wedge pattern in Banknifty IndexBANKNIFTY INDEX Key highlights: 💡⚡ 📈 On 1 Day Time Frame Banknifty Index Showing Reversal of Broadening Wedge Pattern. 📈 It can give movement upto the Reversal Final target of Above 50250+. 📈 There have chances of breakout of Resistance level too. 📈 After breakout of Resistance level this Banknifty Index can gives strong upside rally upto Above 52950+. 📈 Can Go Long in this Banknifty Index by placing a stop loss Below 46049-.
NSE:BANKNIFTY
by TradZoo