bank niftyBanknifty futures chart analysis.
i m not intrested in scalping.
plan 20-06-2023
mentioned in chart up or down zones.
BANKNIFTY1! trade ideas
Banknifty's regression channelBanknifty facing resistance at 61.8% level. If Banknifty break's 61.8% level, this could mean a channel breakout on the upside and targets of 44200 & 44300 open up.
Bank Nifty Futures 19th June 2023
Lets see how the day opens on Monday. Price action should be watched and a decision taken accordingly.
Will try and give some live market updates.
Keep following to understand the significance of these lines drawn and how and why these lines are very important.
Please go through the previous charts and check the price action and how these lines responded vis a vis the days opening.
Sustenance above the previous high along with trend line break out needs to be watched. Area around 43829 has witnessed good strong volumes.
Banknifty future chart analysis for 16.06.2023Huge long trend broke in 30 minute chart first time , it may retest its trend again.
But it breaks down below -43383, you may see a deep move again , till 43042.
if it test its trend with a gap up quick move and if time remains after, then you will again see a huge retracement.
if it goes above 43716 and the price move will remain slow then you can see a sideways above 43716.
Banknifty Intraday price actionBanknifty headed upwards with strong buying and completed the fibonacci trend based extension targets for intraday. The upper zone also happens to be zone of previous resistance.
BN 43775
1. Bank Nifty Try to Recover on 1 Hr Support Level.
2. BN open with Gap up ,It should be feel the GAP.
3. On fibo it can be revers from 0.236 Level
BANK NIFTY FUTURES 16th June 2023It would be very interesting to observe what happens when
1. Price opens within the range marked of Red, Blue and Green Lines.
2. Price opens below / above the range but within the range of the previous day
3. When there is a Gap up and Gap down opening.
If You are studying the charts in lower Time frames and observing price action, Let me know in comments your observations on the points 1,2 and 3 mentioned above.
Keep Following for LIVE UPDATES
Banknifty Double top, creating lower highsBanknifty created a double top and created lower highs and lower lows, it is heading downwards to test it's previous swing low on 75 min time frame. Key fibo levels such as 61% are also broken for this upward swing as shown.
Bank Nifty Futures 15th June 2023 levelsIt would be very interesting to observe what happens when
1. Price opens within the range marked of Red, Blue and Green Lines.
2. Price opens below / above the range but within the range of the previous day
3. When there is a Gap up and Gap down opening.
If You are studying the charts in lower Time frames and observing price action, Let me know in comments your observations on the points 1,2 and 3 mentioned above.
Keep Following for LIVE UPDATES
sell banknfty 43750--800 sl 93 tgt 510-390sell banknfty 43750--800 sl 93 tgt 510-390 yes loks sahrp dwnsid eoon chart
Nifty Futures Levels 14th June 2023I have posted enough Charts here for one to see how the price responds at the lines marked.
We can go down to lower Time frames of 5 min and 3 min to study the price action .
It would be very interesting to observe what happens when
1. Price opens within the range marked of Red, Blue and Green Lines.
2. Price opens below / above the range but within the range of the previous day
3. When there is a Gap up and Gap down opening.
Constant visualization and practice makes one familiar with what type of price action can come and what type of the day it can be.
The dotted lines can be tagged by price as these are untouched area where price can probably reach depending upon upward or downward movement.
Further studying the OI and unwinding on either side can help in deciphering a directional move. Along with the charts the study becomes more interesting.
14 hours ago
Comment:
If You are studying the charts in lower Time frames and observing price action, Let me know in comments your observations on the points 1,2 and 3 mentioned above.
banknifty future magnet level 44370#bankniftyfuture 15min chart :
power of control (poc) is near 44370
and this level will act as magnet...
bulls will try to pull upto this level. ..
downside support near 43900-44000
Bank Nifty Future Levels 13th June 2023I have posted enough Charts here for one to see how the price responds at the lines marked.
We can go down to lower Time frames of 5 min and 3 min to study the price action .
It would be very interesting to observe what happens when
1. Price opens within the range marked of Red, Blue and Green Lines.
2. Price opens below / above the range but within the range of the previous day
3. When there is a Gap up and Gap down opening.
Constant visualization and practice makes one familiar with what type of price action can come and what type of the day it can be.
The dotted lines can be tagged by price as these are untouched area where price can probably reach depending upon upward or downward movement.
Further studying the OI and unwinding on either side can help in deciphering a directional move. Along with the charts the study becomes more interesting.
Banknifty future chart analysis for 13.06.2023follow the levels and trade accordingly, it already broke a long trend in 30 minute chart, and may go down. but if takes upmove then it can sustain.
BN is on Strong support on Big Time Frame
1) BN is on Strong support on Big Time Frame.
2) If Its try to consolidate on current level, then it will show Up side move 200 - 300 point.
3) Trade with Proper Set Up & Short SL, If BN Breaks Current Level i.e. 44050 then its show big move on down side
BankNifty Futures Levels 12.06.23I have posted enough Charts here for one to see how the price responds at the lines marked.
We can go down to lower Time frames of 5 min and 3 min to study the price action .
It would be very interesting to observe what happens when
1. Price opens within the range marked of Red, Blue and Green Lines.
2. Price opens below / above the range but within the range of the previous day
3. When there is a Gap up and Gap down opening.
Constant visualization and practice makes one familiar with what type of price action can come and what type of the day it can be.
The dotted lines can be tagged by price as these are untouched area where price can probably reach depending upon upward or downward movement.
Further studying the OI and unwinding on either side can help in deciphering a directional move. Along with the charts the study becomes more interesting.
Banknifty future chart analysis for 12.06.2023As you can see here banknifty tested 44000 resistance 4 times and broke
in 5th time.and made new high.
Current scenarion is also showing that banknifty tested support of
44000 , four times and may break in fifth.
CON- sometimes when price test a support multiple times and do not able
to break it . then it again moves above support, and it makes market sentiment bullish.
Banknifty future chart AnalysisWhen Eveer ATR % Reaches around 1% or below Banknifty
takes huge move, most of the time downside.
Banknifty future chart analysis for 09.06.2023Long trade broke but still taking support on 5 tops support (Pattern Support), if
it breaksdown below 43975, then it may go down much deeper and acieve 43539,
upside above -44312, it will face strong resistance may go in sideways.
BANKNIFTY Don't be aggressive
.
if there is possibility for bullish--
entry: 44070
target-44290-44350--44450
.
If down trend starts
entry:43600
t1-43400--t2-43100
.
possibility for stoploss hunting will be there.
Don't trade in "no trade zone"
Trade carefully.
.
after breaking green box mentioned,
trend will be confirmed.
.
.
refer old ideas.
Buy BANKNIFTY at 44300Buy bank nifty at 44300 with the SL of 44150 on a closing basis... TGT is 44450/44550/44650... Reason is trendline breakout in intraday...
Trade as per your risk.
CHART ANALYSIS
Banknifty future chart analysis for 08.06.2023Long trend with ascending triangle it can give you move both side, most probably long side if it breaks upside trend.
if it opens at the same level where it left off and crooses over 44448, then you can go long , but keep in mind that
between 44534- to 44506 is super strong resistance price may go down from here.but you can long with shifting sl to c2c asap.
Buying BN CE @ 44200 on Deep with a proper SetupBN
BN Breaks Last Day High,
so now we can get a chance to buy BN CE @ 44200 on Deep with a proper Setup with the Support of Last Day High.
