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As we can see after immense volatility and traps, BANKNIFTY managed to close itself close to the zone and any break and close above the given structure can lead to new ATH in coming trading sessions so plan your trades accordingly.

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Sluggishness continues till it breaks above the zone for continuation of uptrend towards new ATH

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Despite the flag-pole structure which shows bullish continuation, it’s invalid until it breaks above the zone hence till the level is not broken BANKNIFTY can remain sideways to volatile so plan your trades accordingly.

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As we can see BANKNIFTY had been sideways as analysed in our previous post but can be seen in more like flag pole pattern in bigger TF which is a sign of bullish continuation pattern hence any closing above our zone could show new ATH so plan your trades accordingly.

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As analysed BANKNIFTY to remain choppy to bearish below our levels till it breaks above our zone for new ATH so plan your trades accordingly.

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Following our analysis. BANKNIFTY rallied over 2000++ points from our demand zone and finally reached resistance which we had previously analysed being a gap acting as important resistance hence as long as BANKNIFTY maintains itself below 54000 levels we can see BANKNIFTY being negative to volatile till it finally breaks above 54000 levels and sustains itself for...

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As we can see BANKNIFTY showed exact rejection from our given zone as we had been analysing in last few posts as the gap could potentially act as a good RESISTANCE. As of now BANKNIFTY has shown over 2000++ points move in spot chart and hence we can expect some breather here before acclaiming new ATH so one can book partial profits here.

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Following the breakout, we saw more like a unidirectional move from our zone showing strength as expected. Now following the charts, we can expect BANKNIFTY to continue its bull run till 53800 which a gap exists which could potentially act as a RESISTANCE so plan your trades accordingly.

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If managed to sustain above our zone then 1000 upmove can be seen in coming days before finally getting rejected from the gap which could potentially act as a RESISTANCE, till then BANKNIFTY has over 1000++ points to move so plan your trades accordingly and keep watching

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Only has to sustain itself above 52500 for a new ATH so plan your trades accordingly as it can remain sideways to negative till then so keep watching.

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As we can see a massive gap which is yet to be filled hence despite the break of zones, we might see this gap to be filled before continuing its rally. As of now following the Indian GDP news, we can expect a weaker opening which could also lead to gap covering and any short covering from that area could lead to continuations of bull run so plan your trades accordingly.

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BANKNIFTY couldn’t sustain or hold itself above our given levels leading to big fall and we had discussed about it before as it can show multiple fakeouts before finally breaking out so we have to wait for candle to close above the given range for trend confirmation so plan your trades accordingly and keep watching.

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Any break above 52500 can show new ATH till then BANKNIFTY can remain sideways to volatile so plan your trades accordingly.

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As we can see BANKNIFTY got rejected exactly where we expected it to get rejected and remained sideways to negative and it could continue for upcoming days until it breaks and sustains above 52500 levels which could show new ATH so plan your trades accordingly and we may see volatility here leading to multiple fakeouts.

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As we can see BANKNIFTY has shown over 2200++ points since last few days and we stood adamant to our decision of buying the dip till our level was not breached below hence following our view, we can expect BANKNIFTY to start rejecting at 52500 levels or can trap showing breakout but if sustains then we may see new ATH for BANKNIFTY so plan your trades accordingly.

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As we can see BANKNIFTY showed strong reversal wiping last 3 day losses in a single day but the main question is that will it sustain it higher levels..? Following the ongoing events, the lopsided win of ruling government in Maharashtra can add fuel to fire and hence can result in strong opening but the closing is to be noted hence tomorrows closing is going to be...

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As we can see BANKNIFTY again has showed strong REVERSAL from our demand zone though it has been tested before showing the strength hence unless BANKNIFTY breaks and sustains below the psychological level, every dip can be bought so plan your trades accordingly and keep watching.

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We had been in uptrend as of now and considering this downfall as a retracement, we can expect BANKNIFTY to remain in uptrend so plan your trades accordingly.