BANKNIFTY SUPPLY AT 42500 for Tuesday 17 January 2023BANKNIFTY SUPPLY AT 42500
will decide trade direction
wait and watch out
BANKNIFTY1! trade ideas
Banknifty Future Intraday & Positional viewBanknifty has good support at 42250. If take support here then don't sell
BNF sell BELOW 42190
Target 42150,42095
If it breaks 41886, then next target is 41656. If 41656 is broken, then it will open the road of 39000, 38000. At the peak of the market 44374, I warned you that the market would decline.
You might now be aware that the Bank Nifty index finished just above the 38.2% mark. Therefore, Bank Nifty may open flat today near 42200 and attempt to maintain above 42242—a 50% false mark. If Bank Nifty falls below 42140, the trend will turn negative. Bank Nifty should hold above 42250 to remain in positive territory. Bank nifty may decline in the direction of 42020 and 41876. As this type of market expect swing trading and wait for the ideal pattern to enter.
BNK Swing Buy above 42284 for Intra swing
Swing from days loc acn give very give returns
Follow the directions on Screen
R:R 3:1
Swing BNF trade 2Buy above 42368 for 2.5 :1 swing RR
BNF is at support levels if bounces can give good trade with a 2.5 R:R
BNF Swing Buy Buy BNF above 42350 for 2.5 :1 RR
CMP 42317
Trade will be active only above 42350, currently at a good FIB-Retracement support
BANKNIFTY Trend for 16 January 2023 - Short Buidlup BANKNIFTY Trend for 16 January 2023 - Short Buidlup
Rejection from 42800 Levels Leading Sell off
CMp 42550
Targets 42400 Levels
SL 65 Points
#intraday Banknifty
#Nifty
Banknifty Future Intraday analysisThe important Gann/Astro date for the upcoming week is January 18. It would be wise to observe this favourable trend.
Today's Bank Nifty index may open flat positive around 42530 and attempt to consolidate in that area in order to rise toward 42800. Watch for a Breakout pattern to form if Bank Nifty maintains its position above 42400; it may then continue upward into 42530 and then 42670. However, if Bank Nifty is unable to maintain its position above 42300, it may fall as low as 42210. Therefore, watch for the correct technical pattern to enter.
BNF sell below 42460 (VALID FOR FIRST 1 HOUR)
Tgt 42410, 42380
bannifty short if breakout fail banknifty can short if previous swing break
small sl good reward can be achieved
analysis hared education purpose
Banknifty Future Intraday viewWe all know that Bank Nifty is in a downtrend, however on the hourly chart it is oversold. 42480 (BNF) is a minor resistance zone. If it breaks and sustained, my target is 42640, 42695.
If the Bank Nifty drops below 42246, it may possibly fall as low as 42164 or even 41900. Today is expires, so be prepared.
stay caution at higher levels!
However, BNF might be seen as supports for 42300, 42200, and 42000.
Be prepared to apply the Zero to Hero approach today to gain 4-5 times profit since it is expiry day.
Banknifty Future Positional viewAll levels are mentioned in the chart. As you know, Until 37000, I will remain bearish. Already booked 2500+ points profit.
Intraday:-Above 42263,Target is 42426 and 42678 .
If it breaks the magic level,It may touch 41850 and 41650
Banknifty Future Intraday & Positional viewAll levels are mentioned in the chart. As you know, Until 37000, I will remain bearish. Already booked 2500+ points profit.
Intraday:-Above 42263,Target is 42426 and 42678 .
If it breaks the magic level,It may touch 41850 and 41650
BN prediction for 10-jan23this is my first calculation as per the Trading view Elliot wave inbuilt indicator.
Wave 5 is depicted as per Indicator. 9:15 hrs on 4jan-23
Wave5- Wave (a) took 19 bars; 6x3
Wave(a) to Wave (b) took 3 bars --- Perfect Match' (1x3) a-b is multiplier of entire fall pattern
Wave (b)- Wave(c) takes 4 times of 3 =12
Hence, the entire fall takes around 19+3+12=34 bars matches to 10-jan-23 at 15:15 Hrs or 11-jan-23 9:15 hrs
BANKNIFTY TRADE SETUPBANKNIFTY has been on an upside move since JUNE 2022. As shown in the chart BNF has respected the trendline till now and it has tried to break below the trendline however was not able to give a close below the trendline.
LONG SIDE SETUP: BANKNIFTY might respect the trendline and continue its bull run if BNF manages to give a strong bullish close below tomorrow. If the trendline is broken one can look for a reversal from the zone (41900-41350) as shown in the chart. This zone has been tested previously and is a strong support. The zone and the markings is shown in the chart.
SHORT SIDE SETUP: One can look for a short side entry in lower timeframes (5MIN OR 15MIN) if BANKNIFTY manages to close below the trendline shown in the chart. In the longer timeframes (1D) if BANKNIFTY manages to close below 41350 then a bearish momentum is likely to occur.
Banknifty reversal zones 4-1-2023Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss.
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.
BANKNIFTY INVERTED HEAD & SHOULDERS PATTERNBankNifty has been forming head & shoulders pattern in hourly timeframe and it completed the formation of the current pattern and its on verge of the breakout above its neckline
What if it breakouts above the neckline -
We can go long by buying call option, shorting puts and longing future and can target for 44k intraday and more if have potential to carry position
For a normal inverted head & shoulders pattern, the target usually is same as the size of the head formed....and the head formed in this pattern is around 1900 points so maybe we can potentially hit 45K mark for banknifty index
Disclaimer : This post is just for educational purpose.
Possible reversal for Banknifty 3-1-2023Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss.
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.
Banknifty reversal zones 2-1-2023Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss.
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.
Banknifty Future Intraday & Positional viewAbove magic box, banknifty is bullish.
If banknifty fut break lower first line, then target is lower second line. I'm still bearish as I have shared my analysis on 15/12/2022. yes, it is bullish in monthly chart. Now, we have to watch momentum.
NIFT BANKNIFTY TODAYS TRADE SIGNALS Day trade setup in Nifty and Banknifty this indicator can help to trade in trend
