Head & shoulder almost overThe chart suggests that the H&S pattern is almost over & is looking for a pump back.
Monday - Morning presession will provide more clarity.
Let me know if I should go live & trade along.
BANKNIFTY1! trade ideas
Banknifty Prediction and levels for 23rd AugustPrimary Trend in Bank Nifty Futures- Negative
Range-Bound Trend of Bank Nifty Future: All up Moves can Initiate Profit Booking @ 44250 whereas All Down Moves can Initiate Short Covering @ 43900
Suppose the Aug series Bank Nifty futures Moves Above 44155 and sustain, then you could see a 1st Target of 44220 during the day with a Stop Loss of 44090. During the day Bank Nifty futures could trade for the target of 44220- 44340- 44415
If the Bank Nifty futures (Aug Series) Moves Below 43980 and sustain, then you could see a 1st Target of 43900 levels in a day with a Stop Loss of 44050. During the day Bank Nifty futures could trade for the target of 43900- 43825- 43760
BANKNIFTYHi, in this chart i Got a Good Bottom in BANKNIFTY FUTURES, please Observe this levels and Analysis your own... Don't Take any orders Based on this Chart because this is just Observation purpose only.
I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM ZONES" ... Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
Bank Nifty Futures 21st August 2023Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings.
Note how beautifully the levels work
Banknifty predictionToday, looking at the 1-day technical chart of Bank Nifty, it seems like the market is indicating that Bank Nifty is in an oversold condition and is currently consolidating, which could lead to a short-covering rally. Before the market opens, we can estimate that the support level for Bank Nifty is around 43,584. So, if banknifty index takes support here, it may reach 43,950 and 44,080. This suggests that Bank Nifty might start the day near 43,950 and will likely try to stay around that level. It will be important to observe if Bank Nifty manages to stay above 43,950, as this could lead to a breakout pattern, potentially pushing it towards 44,066 and then 44,172. However, we need to be cautious if Bank Nifty falls below 43,750, as this could trigger a breakdown pattern, potentially causing it to decline towards 43,500. It's fascinating how we can anticipate trends ahead of time and how patterns play out in the market.
Banknifty Fut range:-44375 to 43964
Banknifty future chart analysis for 21.08.2023Do not go long before price crosses over upside standard deviation one, crossing over above 44075, you may
again see a beaten down buying situation which may push price further ahead, follow levels.
As you can see Banknifty future was closing near Median line from last five trading
days , this is the first time it closes below downside standard deviation one (Blue) , after
rejecting from upside standard deviation one (Blue) , which is pretty good for nice may
be downside move , and you can also see a squeeze in bollinger bands. which
may burst tomorrow.
If price opens at the same level where it left off and then crosses below the special level (Red Line)
then you can enter in PE trade , but keep in mind that 43792 will be a strong support in this situation
crossing below 43792, price may go below to the level of 43491.
Bank Nifty Futures 18th August 2023Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings.
Note how beautifully the levels work
Banknifty future chart analysis for 18.08.2023As you can see here that price continously closing near Median line , thatswhy you
are not getting proper move in banknifty , this is the fifth time it closed
near Median line, but with a squeeze in bollinger band , you may see a nice move
today price do not face resistance at 44149 or support at 43919, if it retraces back
from 44149 , or bounce back from 43919 , then you may see sideways again.
If price goes below 43919, then you can see a good downmove and price may reach to
the level of 43646, in between 43839 is a strong support if price takes support here
sqaure off your position with small profit, take trade again when it breakdown 43839.
In upside if price breaks up above 44149, go long , 44262 strong resistance crossing above it may
push price towards 44389.
Banknifty levels for 18th August-PRIMARY TREND IS NEGATIVEThe Bank Nifty futures opened at 43994.60 It also made a negative opening of 79.8 points. The Bank Nifty futures touched an intraday high at 44224.80 and a day’s low at 43925. During the day, the Bank Nifty futures have given a movement of 299.8 points. In the end, it ended lower by 32.30 points or 0.07 percent and closed at 44042.10 levels.
Range-Bound Trend of Bank Nifty Future: All up Moves can Initiate Profit Booking @ 44200 whereas All Down Moves can Initiate Short Covering @ 43800
FOR TOMORROW----
Indian equity market indexes closed lower amid volatility on Thursday. The market sentiments were dented due to weak global cues. The fear of another potential rate hike in the US to tame inflation and weak economic data from China hit the global market sentiments. The market volatility was due to the expiry of the weekly index options on the NSE.
Among the sectors, Consumer Durables and PSU Banks ended higher while Energy, FMCG, and IT sectors dragged the benchmarks. The market breadth was positive today. The broader markets outperformed the frontline index, as Mid and Smallcap indexes closed higher by 0.25 percent and 0.14 percent respectively.
GOOD LUCK FOR TRADING
BANK NIFTY FUTURES 17th August 2023Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings.
Note how beautifully the levels work
Sharp Recovery and New High Signal Bullish Momentum 16 and17 Aug
In the dynamic world of trading, the Bank Nifty (BN) showcased an intriguing scenario today, leaving traders on the edge of their seats. After a sharp initial fall, the index staged an impressive recovery, ultimately reaching new heights by the day's end. Let's delve into the details of this captivating journey and explore the potential trading opportunities it presented.
The Opening Gambit:
The day began with a dramatic twist as the Bank Nifty witnessed a gap-down opening at 43975, raising concerns among traders. However, as the trading session unfolded, the index proved its resilience by not only recovering from this initial blow but also closing higher at 44038. Such a turnaround certainly caught the attention of those who closely monitor market movements.
Seizing Opportunities:
Amid the market's oscillations, two distinct entry points emerged, each offering traders a chance to capitalize on the volatility. The market's upward surge was notably punctuated by a subsequent pullback to around 43897, providing astute traders with a second bullish entry opportunity. These moments highlight the significance of being agile and opportunistic in the trading arena.
Navigating Price Action and Volume:
A key phase of the day's trading action was the rally to 44123. This surge, however, was met with a minor retracement, accompanied by substantial trading volume. This is often a telling sign of accumulation, as traders and investors position themselves for potential further gains. The closing proximity to a support level adds weight to the potential for bullish sentiment.
Charting the Path Forward:
Anticipating the next trading session, a prudent strategy comes to the forefront. In the event of a lower opening, exercising caution and waiting for a bullish momentum to take shape is a logical approach. This approach ensures that decisions are aligned with the prevailing market dynamics, guarding against impulsive moves.
Navigating Both Sides:
The day's events also beckon the possibility of scalping opportunities on both ends of the spectrum. By keeping a close eye on market shifts and swiftly adapting to changes, traders can potentially capitalize on quick gains, irrespective of the market's direction.
Unveiling the Anchored Value Profile:
Enter the Anchored Value Profile—a tool that sheds light on market momentum. An intriguing insight emerges from this analysis: a robust momentum surge could be in the offing following a pullback between 44100 and 44060. This nugget of information could guide traders in aligning their strategies with potential momentum shifts.
Targets on the Radar:
In the realm of targets, a clear roadmap materializes:
- Target One: 44179
- Target Two: 44222
- Target Three (If Momentum Persists): 44340
As traders prepare for the next session, it's crucial to acknowledge the inherent risks associated with trading. Market dynamics can swiftly alter, propelled by unforeseen events and economic trends. Crafting a well-defined trading plan, fortified by effective risk management strategies, is paramount before embarking on any trades.
In conclusion, the Bank Nifty's roller-coaster ride today encapsulated the essence of trading: unpredictability coupled with opportunities. By deciphering the market's cues, recognizing momentum shifts, and adhering to prudent trading practices, traders can navigate these waters with heightened confidence. Remember, knowledge and preparation are your compass in the trading world.
Banknifty prediction Retail inflation has experienced a concerning rise, surging from 4.8% to 7.4%, which is generally unfavorable for the market. As we approach the market opening, it becomes crucial to calculate potential support and short covering levels. Accordingly, our analysis indicates that Bank Nifty's support zones lie around 43890 and 43720. This suggests that the initial market movement might lead Bank Nifty to open with a gap down around 43950, subsequently edging lower towards 43890. During this phase, there could be a period of sideways movement aimed at consolidation. It is advisable to monitor closely for any signs of a Breakout pattern, as such indications could trigger a further descent towards 43715. To maintain a positive outlook, it is imperative for Bank Nifty to engage in short covering activities beyond the 44420 mark. For a comprehensive understanding of how these trends can be identified well in advance and how patterns manifest in real-time market scenarios, consider enrolling in our Advanced Price Action course.
Banknifty Future:- Today's range is 43865 to 44580. After the gapdown, there is a possibility that Bank Nifty may cover its short position, and an upside rally can be seen.
Banknifty future chart analysis for 16.08.2023As you can see here price took nice rejection from Median Line , so it must go down but
here a little twist remains as you can see that bollinger bands are pretty
broad, so if price opens near same place where it left off then there is a
high chance that it will take support on bollinger bands standard deviation one
and may go in a sideways.
if price again goes below 44065, then you can again witness a burst and price will achieve all
targets downside.
in between 43862 is a strong support.
If price goes above 44356, then it may easily reach to the level of 44546, 44546
is a super strong resistance price may again go down to the level of 44205,
crossing above 44546 may push it towards 44725.
Banknifty levels for 16th August-Trend is NegativeOn 15th, Banknifty future opened at 44319.95. It made a negative opening of 144.4 points and touched an intraday high at 44398.95 and day's low at 43982.40
During the day, Banknifty gave movement of 416.55 points and ended lower by 263.35 points or 0.59 percent and closed at 44201 levels.
Indian stock market ended the volatile session with little changes.
CPI inflation data rose 7.44% in July from 4.81%in June, much higher than expectation of 6.5%. According to data, market can react negative due to inflation data on Wednesday.
Primary trend in Banknifty is Negative.All up move can initiate profit booking @44300 and all down moves can initiate short covering @43800
BANKNIFTY finding bottom or PRZ near 44000- 43500 zoneBanknifty seems to be near bottom
Positive points
1. Positive Divergence on RSI
2. Buy on Dips with SL below 43500 OR
3. Buy Once RSI moves above 40 mark on 75 minutes chart
Negative Points
1. RSI below 40
2. MACD also -ve (with Positive Divergence)
Conditional Buy for a spike / Swing pull back in bearish trend with Target of 45300 and if it holds the level further up move can be expected.
Disclaimer
I am not an expert, I just share interesting charts here, Please seek expert opinion before investing and trading because investment in market is subject to market risks. I do not hold any position in bank nifty as of today but I may look for buy according to my risk reward calculation.
This is not at all a buy recommendation, Its just a hypothesis for case study
Bank Nifty Futures 14th August 2023Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings.
Note how beautifully the levels work
Banknifty future chart analysis for 14-08-2023As you can see here that bollinger bands are in squeeze mode, and price
after rejection from median line (Orange), taking support at standard deviation
two (Red), if price goes below standard deviation two , you may see a burst in
bollinger bands and price will go much lower side achieving all targets given
by me.
44624 is a strong resistance if price trying to retrace from here , go short for the target of
44341.
if price goes above 44624 then it may easily reach to the level of 44807, and may again retrace back to 44624,
crossing above 44807 may push it toward final target.
Banknifty levels for 14th AugustPrimary trend in banknifty is showing negative trend
carefully watch levels downside and let them break and sustain
NIFTY BANKIf This is * THE * elusive Top We are due for a moment of reckoning
Presence of RSI Bearish divergence
Lots of Confirmation needed Tread cautiously
Bank Nifty futures levels 11th Aug 2023 Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings.
Note how beautifully the levels work
Banknifty Levels for 11th AugustOverall Trend in Banknifty is negative
All moves upside can initiate profit booking at 45000
All down moves can initiate short covering at 44500
Goodluck for tomorrow
Aug contract - Clear breakout from falling trend on daily Banknifty looks bullish from the breakout. Yesterday's & day before's volume on the break out have given confidence.
It should might reach the second yellow resistance level in 6 trade sessions.
Bank Nifty Futures 10th Aug 2023Please go through the charts...levels targets....chk pr charts and post your comments
