BUY BANKNIFTY FUTUREbanknifty future have formed bullish wolf wave pattern. it may rise till 44850/44900.
view negated below 44350 hourly closing basis
BANKNIFTY1! trade ideas
Banknifty future chart analysis for 10.10.2023if price sustains above 44247, then you may see strength in price and it may reach to the
level of 44497.
As you can see here price closed below standard deviation one , if price goes below
current low and then crosses below 43796, then it may show you strong weekness
and may achieve its full target.
if it crosses above 44136 then it may take resistance 44247 and may go in sideways.
BANK NIFTY - SUPPORT & RESISTANCE LEVELS for 10th October 2023Dear Friends,
I have marked important support and resistance levels as per my understanding of the price action.
NOTE:
1: I prefer trades in a 3-minute time frame when the target is small and a 5-minute time frame otherwise.
2: If a candle has broken a particular resistance or support, let that candle close before taking action. Also, trade on the candle which is not touch support or ressitance. This way you can avoid traps and fake breakouts. I personally see to it that my next candle does not touch the resistance or support line.
Also don't underestimate the power of EMA, the price always tends to return to 20 EMA. Hence if the price is very far from 20 EMA, it may come back to the EMA rather than going further away from EMA.
Do maintain a minimum 1:2 risk-reward ratio. If you have had 3 losses making trades back to back. Just shut the system and wait for opportunities the next day.
Hope the levels stand strong tomorrow.
Happy Trading !!
Only for Educational Purposes.
BANK NIFTY - SUPPORT & RESISTANCE LEVELS - 6th October 2023Dear Friends,
I have marked important support and resistance levels as per my understanding of the price action.
NOTE:
1: I prefer trades in a 3-minute time frame when the target is small and a 5-minute time frame otherwise.
2: If a candle has broken a particular resistance or support, let that candle close before taking action. Also, trade on the candle which is not touch support or ressitance. This way you can avoid traps and fake breakouts. I personally see to it that my next candle does not touch the resistance or support line.
Also don't underestimate the power of EMA, the price always tends to return to 20 EMA. Hence if the price is very far from 20 EMA, it may come back to the EMA rather than going further away from EMA.
Do maintain a minimum 1:2 risk-reward ratio. If you have had 3 losses making trades back to back. Just shut the system and wait for opportunities the next day.
Hope the levels stand strong tomorrow.
Happy Trading !!
Only for Educational Purposes.
Bank Nifty future chart analysis for 03.10.2023As you can see here that price closed near median line, taking support on it,
if it opens at the same area then,you may see a sideways again, if it crosses
above 45019 then you may see a broad area burst which may not sustain
for long time you can short again if you see any rejection in upside.
if it crosses above 45179, then you may see a short covering and price may go
much higher.
if price goes below upside trend, as you can see that its already broke it and taking
support above it , if it breaks down again then you may price testing its previous low
if it goes down below 44740, then it may take support on 44597, crossing below
44597 price may go much lower side. after achieving its full target.
Trendline update - Possible rejection ; 44160 crucial levelBanknifty futures has rejected a trendline underformation on daily TF
Booming Banknifty From last some days, we seen that banknifty is falling every day.
But today we seen somewhere bullishness.
Also good chart pattern in Daily time-frame (Hammer)
Banknifty took support at trend line with making Hammer pattern.
BankNifty Future StudyThis is Study on BankNifty.
There is a strong support at 44525.
If this breaks then second support Zone is between 44100 to 43780
Breaking of 43780 would come into force the Head and Shoulder pattern
Mkt support confirmed 44500. Now what?Confirmed support zone 44500. Green candle is confirmation of support. Now it needs to come into the pitchfork zone. Once it closes above 45200 be prepared to-get a target of 46500.. All levels are futures
Nifty Bank Index: A Strong Support Holds the Key The Nifty Bank Index, currently trading at 44,612.05, has recently closed at a critical juncture, precisely at the robust support level of 44,600. This analysis underscores the importance of this level and offers insights into the prevailing market conditions, along with a recommended trading strategy for near-term traders.
The present close of the Bank Nifty at 44,600 signifies a touchpoint with a highly significant support level. The stability of the index above this level is paramount, as a close below it could potentially pave the way for a downward move towards 44,180. This lower level should be closely monitored by traders as it could act as a subsequent support.
Despite the recent correction in the near term, it is essential to recognize the prevailing short-term bullish trend. The current correction is likely a pullback rally within this trend.
In such circumstances, traders are advised to view the decline as an opportunity to buy the index near the anticipated support levels, which are at 44,600 and 44,180. A stringent stop-loss set at 43,900 provides a safety net for these positions.
Conversely, if the index breaches the 43,900 level, it could trigger a fresh round of correction. In this scenario, the subsequent target and support levels on the charts are expected to be around 42,920 and 41,925.
In summary, the Nifty Bank Index is standing firm at a critical support level of 44,600. The short-term bullish trend remains intact, and the current correction should be perceived as an opportunity to buy on dips near the support levels mentioned.
Bank Nifty future chart analysis for 25.09.2023As you can see here bollinger bands made a parrallel low of previous low two,
it means it is on strong support, but price taking resistance at standard deviation one
44867 is a strong resistance , if it crosses above 44867 then it may reach to the level
of 45082, 45082 is a strong resistance price may again go down to the level of previous closing.
crossing above 45082 will give price a strong move to the upside and it may reach to its full target.
Crossing below 44492 will make price extremely weak and it may achieve both the targets.
if it takes support at 44402, or takes resistance at 44867 , you may see a sideways.
Bank Nifty FutureSince someone started a topic on this.... thought i wud give you guys the detailing here. This is BN FUTURE Remember and play the Punt accordingly
Banknifty Here, is the chart of Banknifty Future....
You can long only after the closing of the 15 min. candle above Rs. 45060.... upto the resistance mentioned...
Bank Nifty future chart analysis for 20.09.2023As you can see here that bollinger bands already burst in 30 minutes time frame
near next strong support at 45895, if this support breaks down there is a high
chance that banknifty future will take support at 0.5% fibonacci support.
and may may take good upmove from there.
if price takes support on 45895 , the you may see a sideways again
crossing above 46165 , may put price again above long trend for new moves.
and price may reach its full target, in between 46308, strong resistance.
Bank Nifty 4 Hr Futures ChartBnf perfectly palying out the view .It will take some rest here before hitting my targets of 50k. I will wait for the prices to come near orange lines
Banknifty future chart analysis for 18.09.2023As you can see , whenever it is making diagonal down sideways breaking upside, price
is standing just below standard deviation one if it crosses above standard deviation two
you may see an another burst in bollinger bands and price may go till 46799 after
crossing 46410.
If price goes down from current area then it may take support on 46100 and bounce back,
but if it crosses down below 46100 then you may see a weakness in price and it may reach
to the level of 45812.
Bank Nifty Outlook: Predictions for the Upcoming WeeksFor educational purposes only, this detailed examination provides insights into the potential scenarios and market dynamics surrounding the Bank Nifty index over the next few weeks. Explore expert insights, data-driven forecasts, and key factors influencing its performance. This analysis is intended to enhance your understanding of financial markets and is for educational purposes. Please make financial decisions carefully and consult with professionals when needed.
Bank Nifty futures Bearish harmonicbank nifty may have made a bearish bat.. Can sell near top for diff fibo level targets.. most probably .38
Bank Nifty future chart analysis for 15.09.2023As you can see a short squeeze is there and price is standing just above
standard deviation one which is a strong support , its lookslike that it is
ready boost upside.
if it crosses above 46231 then it may easily reach to the level of 46583 and above.
Downside it may face strong support at 45970, if it takes support at 45970 then you can
see another sideways.. crossing below 45970 will not make price weak,it may take
another support at 45870, below 45870 price may get very weak and may reach 45614 easily.
Bank Nifty 4 hr Fut Chartbank nifty is approaching profit booking zone be careful some retracement will be there before moving upward journey
Bank Nifty future chart analysis for 13.09.2023As you can see here that price is resting in between median
line and standard deviation one , most of the time price goes
sideways in this situation , but here scenario a different
you can see a short squeeze in the bands,
so there is a high chance that it will burst tomorrow for good moves.
