Banknifty Intraday shorted with great RR, Breaking of crucial support and supported by signals
Banknifty Futures Important levels for today/Intraday
Price may retest the DEMAND zone and will fill the gap created on 21-Aug. It may be side wards for a couple of days as the volume is clearly accumulated at lower price (~22250-22300) by big players. I guess price may be lowered further and clear accumulation may happen. If the trend line (Green line) breaks then the next DEMAND zone would be (~21600-21700). Every...
BNG should go up on Monday 1st Target: 22800 2nd Target: 23990 3rd Target : 23600 SL: 22300 (on closing basis)
BNF - Above 23148 will test 23760 , if cross 23860 even 24150 possible. Below 23148 will retest 22466. If Retest fails 21025 possible
Price is having resistance at 22620 - 22740 level. Sustaining it will make the price to move towards 22860, 22980, 23220, 23460, 23660, 23780 and 23960. Bearish below 22420 for the targets 22300, 22060, 21820, 22760, 22540, 22360 and 21120.
target of 26700 21176 became support now new resistance 21731 if touches outside cannel will become a support
BULLISH....WILL START.. 1 HOUR CANDLE STICK CHART TRADE WITH OWN RISK. IT IS EDUCATIONAL PURPOSE.
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#Banknifty seems to have completed a 5 wave down move. Expect a corrective rally to the 23300-500 range in the early part of next week. That will be a potential sell range for a longterm short position. Will provide an update here as the #elliotwave structure is clear.
Next crucial support is at 21500 levels. If Banknifty is bearish tomorrow then we can expect a drastic fall in the market like the March-April times. If the Banknifty is bullish and breaks the 22500 and 22800 resistance then we can expect a test of 24000 and an overall desire to go back to the pre corona levels. Always keep an eye on the pivot levels. I am...
BUY ABOVE 22465 TARGET 22540/22590 SL 22390
If everything goes well can expect 22900 today. Stop can be placed below support line on 15min close basis
BNF - Above 23148 will test 23760 , if cross 23860 even 24150 possible. Below 23148 will retest 22466. If Retest fails 21025 possible
Descending Triangle forming on 30M Chart of BANKNIFTY SEP FUTURE. Another Breakdown in the offing or will it bounce back from the trend line? If one looks at the chart, it is clear that if it breaks 22700, 22500 is not that far away. On the upper hand, 23150 volume breakout -> 23400. I'm learning chart patterns as of now. You can plan your trades accordingly if...
I have posted my opinion on 29 Aug, and the target has reached now, may be bank nifty might move upside and break the channel.
An opinion about Bank Nifty Fut (An Educational purpose)