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)
Price has already broken the range and its weak below 23000 for the move towards 22860, 22720, 22540 and 22420. Price will gain strength above 23140 for the move towards 23280, 23420 and 23530.
banknifty support at 22865 and resistance is 23220-23260 if open gap down T1 is 22450-2250 and T2 22022 If break the Resistance at 23260 upside strong resistance is 23570
There is a strong Demand Zone @ 22500-23000. If it will hold this zone then one up move is possible to the next Supply Zone @ 23400-23700-24000 in coming days...
-BANKNIFTY HAS BROKEN ITS TRADING RANGE -RANGE OF 23500-24200 FUTURES RANGE -INDED IS NOW STARTED TO TRADE BELOW ITS 20-EMA BUT NOT BY MUCH -INDEX HAS CLEARLY BROKEN ITS THREE INSIDE-DAY TRADING BAR RANGE ON FRIDAY -INDICATING SIGNS TRENDING DOWNSIDE -BANKNIFTY CAN TEST 23200-22900 AND REVERTED BACK I HAD MENTIONED ON FRIDAY -INDEX TRYING TO FORM BASE IN THE...
BANK NIFTY SEP FUT 8th SEPTEMBER Analysis.
#positional As per me best buying zone for Banknifty is 22450/550 for tgt 24000/25000₹ With sl of 22000₹ clbs
SUPPORT POINTS ON CHART
Bank nifty trading in important zone chances of breakout dine is more
BANK NIFTY SEP FUT Analysis.