Banknifty_viewer

Banknifty_viewer

Nifty is in sideways now. Wait for the baseline to close below the zone in 1 hr timeframe for sell side . Avoid trades when within the range . Analysis for only study purposes.

Banknifty_viewer

Banknifty has formed a triangle breakout on the downside and we can expect a positional target towards 46150. All my publishes are only for study purpose and market is always there to surprise with the unexpected at times . So do your research and trade with very minimal risk.

Banknifty_viewer

Nifty looks like forming a falling wedge pattern and looks on the base now for buy. Can enter buy side with stop of the low of this candle. Purely for observation and study purpose

Banknifty_viewer

Whichever side it breaks expect a target of 150 points on the side it breaks

Banknifty_viewer

If this level holds we can expect an upside for target of 100 points . But if it breaks this analysis doesn’t work and becomes invalid.

Banknifty_viewer

Banknifty has formed an inverted head & shoulders pattern and can reach upside move for target up to 46200 . Am e pecking this to happen on intraday basis. This is purely for study purpose and not a suggestion for trade .

Banknifty_viewer

Banknifty looks to be travelling in a falling wedge pattern which can tend to break on the upside. This is just for an observation and no position is to be taken based on this because there is key CPI data releases which can sometime change the direction in a jiffy .

Banknifty_viewer

Banknifty has formed inverted head& shoulders pattern and has given the first target of shoulder’s length and retraced back to take support at the broken Trendline . We will have to wait and see if it can go back to give the target . Immediate resistance then before that comes at 40400. So I expect market to give minimum first target at 40400 if it crosses...

Banknifty_viewer

Banknifty ahead of Election results and expiry as well has been forming a triangular formation in 15 Mins timeframe . Breakout from either side and a close on 15mins candle can be better for a buy or sell. Better to avoid trading within the triangle. But since it is a big event and expiry we can use this analysis for watch & learn than to place a risky trade as it...

Banknifty_viewer

Bajaj finance is looking for an interesting move . I feel its travelling in a channel inside a wedge . Which is almost totally looking like a right shoulder of an inverted H&S pattern. Above 6850 it looks like preparing for an uptrend . This view is purely for an upcoming view not (immediate or intraday basis ) which we have to wait and observe in larger TF

Banknifty_viewer

Nifty travelling in a channel as per 4 hrs TF. But has hit resistance at the trendline . Possible scenario 1: is we may break down the channel and take support at Lower trendline at 18050 level ( which itself is looking like a wedge formation) . Scenario 2 : if we sustain above this resistance we may attempt for targets of 18580 and 2nd target @ 18869

Banknifty_viewer

Banknifty is strongly holding to the support of 41200 level since 2 days . Also looks like a head & shoulder pattern is forming yet we have to wait to confirm only if breaks this support , if so short for a target down of 400 points approx 40800 levels. If the support doesn’t break then probably it might be a double bottom formation in the 15 mins TF and one can...