banknifty at triangle breakout my view on upper sidewe seen there is triangle formation in banknifty which can give the tgt aprox 50k to 53k as shown in graph
BANKNIFTY1! trade ideas
Bank Nifty = How to trade tomorrow
Please read the notes as mentioned on the notes and corresponding geometric presentation.
Disclaimer:
I am not a SEBI registered analyst and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be liable for any of your profits or losses.
Banknifty futures forming 🦇 pattern Let's wait for the entry. This is for educational purposes only.
Bank nifty (15 mins chart) 3 Wave pattern, chances are in the morning to breakout & touch upside.
whether can sustain or not is the question , depends on overall market situation
Banknifty | Bearish Bank nifty is moving within an upward channel. Coupled with and news and down momentum, it's giving multiple short opportunities.
As per Bulls eye indicator, it's in bearish territory, good to keep booking profits and wait for turn around along with sentiment.
Banknifty CycleAs you can see in this chart that banknifty is following this pattern from last three time.
Based on formation there is a reversal candle formed near important support area.
bank nifty strangleShorted 45500 put and 47300 call for a combined premium of 110 Rs for 20th expiry.
Please note this is a naked sell with 78 % possibility of profit the same can be checked on Opstra, however a gap opening can change the dynamics, so take positions with hedge or keep sufficient margins to make adjustments
47300 sold at 72
45500 sold at 29
Bank nifty future Price Action.Bank nifty forms H&S pattern. As per chart 47370-47730 is major resistance range.
If bank nifty come in this range it can short for 46730 intermediate target. It may also test 46100 to complete this chart pattern and fill previous gap show in chart.
Bank Nifty future 14 march LevelAll level are mention in chart. Overall trend is down but not as much as yesterday's nifty.
Bank Nifty | Volatile | sharp break down on cards All technical indicators ( price & volume based) showing an up move in bank nifty with a long bias but here's a twist to the story
1. FII & DII are heavily bearish in futures while retail is strongly bullish. If a correction comes, it will be super sharp.
2. FED meeting this week, Fed will not cut down rates in H1 of this year, indicating a bearish sentiment in financial stocks ( specially banks ) post the results
3. HDFC bank is used to create this huge green candle yesterday. Good chances are it's play to create volatility in this week expiry. Keep tight SL and avoid longs for some time till volatility is eased out.
Strong resistance to come 47500-48000
Strong support 46000
Weekly expiry is going to be volatile. I will look to short the market. else stay out
PS: I reserve the right to be wrong.
The information on this platform/document is general and not financial advice. It is not a substitute for professional advice. Before making investment decisions, consult a qualified financial advisor to assess your unique financial situation and goals, as investing carries risks and past performance doesn't guarantee future results.
BANK NIFTYDisclaimer:- This is not A BUY OR SELL recommendation. please Consult with your financial advisor or with broker before taking any trade,
this post is for educational purpose only . warning :- do not jump directly or do not copy my trades
DO your analysis properly
BANKNIFTY - Bearishness expectedBanknifty - It shows that it taken out liquidity from Major Resistences on a GAP and 60 RSI on DAILY as well as WEEKLY Chart. if it not Close above GAP with BULLISH Candle we only check for Bearish Trades.
BANKNIFTY -48800 to test by this fridayBanknifty is in bullish mode . PRIVATE banks rally still not started yet.
Keep an eye on HDFCBANK could rally 5% from cmp 1445
Banknifty could test 48800++ and beyond today or by tomorrow
Banknifty April Future PlanAll detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 in first target. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
1Hr candle close only, Target Trigger Price
bank nifty crucial update posiitonalbreakout happen now stya abv 47950 looks up side 48800+++++++ yes last high may be test or more firework will start buy on dipsss sl 47488 now let see wht happen nxt session
BANK NIFTY BNFObservational Purpose.
Date - 02.03.24. Ananlysis for Monday ie. 04.03.24
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BANK Nifty kuch aisa bhi, important level are market, a high probability winning trades can be executed from given levels and technical analysis.
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Watch and keep a track to see how it goes...
Bank nifty ready for a roll BNF is a very critical juncture, either it's going to break out or break down very soon.
The yellow arrow (up & down) points to the potential short term targets.
Key points:
1. overall sentiment is neutral to negative. Breaking the green line might move into bear region
2. staying at current band and above trend line will be bullish
3. Keeping hedge and doing unidirectional trade can reap in profits mostly.
I will look for long opportunities for a mid-long term. for short term bets will rely on indicators
Banknifty Make or Break Situation.Banknifty Make or Break Situation.
around 47980 to 48080 - is the one of MAJOR Retracement Zone.
where possible Trend takes a Pause or Reversal, and if it Breaks above it with a BULLISH Candle
then Banknifty will be again in a MAJOR BULL REVERSAL TREND.
so, keep watch these levels carefully.
banknifty future 15min near the support 45700-800#banknifty future 15min #chart
#Elliottwaves possible count..
banknifty future in corrective phase in form of abc move .. corrective #patterns are time consuming..
currently near the support & fib 1.618 near 45800-690
banknifty in corrective move#banknifty 15min #chart
#Elliottwaves possible count..
banknifty in corrective phase in form of abc move ..
currently B wave in progress.. corrective #patterns are time consuming..
immediate upside resistance 46900-47000
support 46200-350
BANKNIFTY FEB EXPIRYBANKNIFTY COULD BENIN RANGE 46100-48300 FOR FEB EXPIRY
Remained in consolidation mode last 2-3 days expect small downside before next upmove
