BANK NIFTY forming the triangle breakout pattern. Currently trading at crucial and phycological level of 36000. A profit booking can be seen at this level which may drag to 35500 (immediate support) below which may drag to 35000 (next support). Sustaining the 36000 may rally to 36,600 (First Resistance) break and sustain the first resistance may invite 37200+
Intraday BankNifty Gann Support and Resistance Levels FOR 19/7/2021 are:
Bank Nifty
R1:35895 R2:35989 R3:36084 R4:36275
S1:35521 S2:35333 S3:35239 S4:35145
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis...
Bullish above 35820 for the targets 35960, 36080, 36200, 36360, 36520, 36680 and 36860. Bearish below 35720 for the targets 35580, 35420, 35300, 35120, 34960, 34800 and 34640.
Create Wedge pattern wait for break out,Strong Support At 35000.
Some Short build up at 35900 ,Wait For Monday Closing.
Support level-35000-35200,resisit level-36200.
Important Levels for 19-07-2021.
Lovely shorting scenarios for prices sustaining below 35710 levels for targets of 35560-35580 followed by 35300 levels, this is also being supported by the heavy call addition at 35500.
In case we open flat 35860-35880 levels can be our entry with SL of 35960 for initial target of 35710-35730.
Longs to be strictly avoided for now.
Magic Lines:
All supports are not for buy level. As like all resistance are not for sell levels
After long research and back testing we find which S&R is for sell level & which S&R is buy level.
In that result we give the pure intraday levels in charts.
BLUE LINE ARE BUY LEVELS (Target lines)
ORANGE LINES ARE SELL LEVELS(Target lines)
Additionally we added...
Hi Traders,
This video link given below box is all about the filling of color by price movement in bnf every day consistently in outline made by me. See how price behaves and learn this technique.
Yogesh Vats
Hi Traders,
This video is all about my understanding of the price that you can feel in the given video link. Just see the below box that is there. Using my system of analysis, anybody can attain this.
Yogesh Vats
IMPORTANT NOTE: Trade in 5 Min and 15 Min Time frame, the TradingView is not allowing to post in the smaller time frame and I'm not interested to buy premium plan so please trade as per given time frame and level and targets Thanks.
Bank Nifty trade analysis and level targets
BUY Above 336101 if the level breaks and hold it then enter
for targets 1 (36357),...
Intraday Nifty & BankNifty Gann Support and Resistance Levels FOR 16/7/2021 are:
Bank Nifty
R1:36112 R2:36207 R3:36302 R4:36588
S1:35937 S2:35842 S3:35748 S4:35653
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis...
Hi Friends and Fellow Traders,
Great Breakout of Ascending Triangle Seen in Bank Nifty
We need confirmation of the momentum with a breakout of the immediate resistance level (Marked as our Entry Point)
We need an hourly candle closing above this level with increased volume activity
The Stop Loss Provided is conservative as per my trading style.
...
Important Levels for 16-07-2021.
Finally we get a closing above 35900 levels which makes the overall picture look bullish.
Opening flat and sustaining above 36070 levels can test 36230-36270 levels followed by 36450. SL for this should be kept at 34980 further any pullbacks to 35880-35900 can be bought only if we see positive price action there.
In any case if...
