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
Bullish View On Last Q 50% Probability Direction was not clear
Let's wait for the entry. This is for educational purposes only.
Bank nifty has taken good support near 46000. For tomorrow, ideal set will be if it touches 46500 and bounces back. this will be the best place to initiate longs for a 500-1000 points upmove. levels are marked within chart. BNF is respecting the channel so far, a great pattern coming in handy so nicely for such a long time. As per indicators, it's turning...
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.
Shorted 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 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.
As 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.
Time Period (1-3 Days) Buy BANKNIFTY Above 46940 Stop Loss 46620 Target 47170-47300
Looking good for long position. Enter only after confirmation.
All level are mention in chart. Overall trend is down but not as much as yesterday's nifty.
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...
Disclaimer:- 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 - 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 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
All 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
breakout 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
Observational Purpose. Date - 02.03.24. Ananlysis for Monday ie. 04.03.24 . BANK Nifty kuch aisa bhi, important level are market, a high probability winning trades can be executed from given levels and technical analysis. . Watch and keep a track to see how it goes...