STUDY ONLY... IF BNF CREAT "D" SO BANK NIFTY....SHORT
bank nifty levels ...28/12/2020 (1hr candle)
Resistance 1@30565, Support 1@29950 Resistance 2 @30865 Support 2@29750 Resistance 3 @ 30960 Plan your trade accordingly
Resistance@30500 First Support@30000 Second Support@29500 Tomorrow as it is expiry, Bank nifty may be in the range bound between 30000 to 30500 if it opens in gap up and from 29500 to 30000 if it opens gap down
Hi All I have shared the banknifty retracement levels. One can take it as reference . To do the trading use your own strategy as bank nifty is always high volatile . Retracement levels are 40-80 %. If bank nifty goes to nearby 80 % than clearly it will be trend reversal and banknifty will go again in upside.
Resistance at 30000 First support at 29200 Second support at 29000 Planning only for selling if BANK NIFTY opens in gap up and take up short at 30000
Sustaining 30680 - 30740 will make the price to move towards 30860, 30940, 31180, 31320 and 31440. Bearish below 30640 forr the targets 30520, 30320, 30180, 30020, 29860 and 29740.
bank nifty levels ...21/12/2020 (15min candle)
Bank Nifty was bullish for last 3 weeks and is now showing signs of stagnation and reversal with 2 doji on 3 hr timeframe and bearish divergence with RSI any breakdown below 30000 can see sharp fall
bank nifty levels ...14/12/2020 (1hr candle)
BankNifty may be in range bound between 30147 and 30443 Levels,
When Break Low trend line then to short banknifty
Bank Nifty may open Gap up and come down for retracement up to and 30067 Level and May go up for a Buying opportunity
Trendline observation(s). Very Steep Trendline formation. Strong Positive Bias? What's next? BO above 30200? Breakdown/Consolidation? I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
bank nifty levels ...30/11/2020 (1hr candle)
In 30 min time frame it is moving in upward direction. If it break the trend line we may saw downfall. Just keep an eye on that