Wealthcam

Wealthcam

As we can see BANKNIFTY had been in continuous uptrend nearing important trendline which can act as a potential resistance hence we might see this weekly candle as very decisive candle as if crosses above the given trend line the we may see more of upmove but can fall if any signs of bearishness in seen weekly time frame so plan your trades accordingly.

Wealthcam

As we can see BANKNIFTY has already started to show signs of sluggishness heading towards important supply zone and trend line which has been respected by market multiple times hence any DOJI kinda candle near this trend line then we may expect BANKNIFTY to start new trend which is downtrend but if breaks and sustains then we may see 100000++ till new financial...

Wealthcam

As we can see BANKNIFTY had been unidirectional in nature breaking new highs every other day. Now following the trendline we can see a strong supply zone around 54300 levels which had been respected in weekly time frame and hence we can expect some rejection from that levels too so plan your trades accordingly and keep watching everyone.

Wealthcam

As we can see BANKNIFTY finally made a new ATH which was much expected as NIFTY already made new ATH. Watching closely, we can see Market is overly bullish giving no chance to bears to take over making every dip a buying opportunity so we may see BANKNIFTY touching the trendline taking resistance there so plan your trades accordingly.

Wealthcam

As we can see BANKNIFTY got rejected around its previous supply zone but managed to close above our zone making it bullish and ready for new ATH so plan your trades accordingly as new ATH might bring new uncertainties which could be a possible trap so keep watching everyone.

Wealthcam

As we can see BANKNIFTY finally broke its important supply zone leading to big unidirectional break as we had been analysing in past few days. Hence as long as BANKNIFTY maintains itself below that zone then we may see sideways to sluggishness again but if manages to break after opening flat then we may see another strong upmove and new ALL TIME HIGH in coming...

Wealthcam

As we can see BANKNIFTY remained sideways to negative throughout the day as analysed in our last post as it was trading at crucial zone. Hence our view remains intact as it can remain sideways to negative in coming sessions until BANKNIFTY breaks last swing high so plan your trades accordingly.

Wealthcam

as we can see BANKNIFTY has finally filled its pending gap and closed at important resistance which previously acted as a strong support hence as long as BANKNIFTY is below that zone, we may expect NIFTY to remain sideways to negative till it finally breaks out for new ATH so plan your trades accordingly.

Wealthcam

As we can see BANKNIFTY is still trading in important zone which previously acted as a SUPPORT and possibly act as a RESISTANCE hence till BANKNIFTY breaks out above 52520, the breakout cannot be confirmed hence it can lead BANKNIFTY to remain sluggish to sideways in coming trading sessions till it breaks the zone leading BANKNIFTY to new ALL TIME HIGH so plan...

Wealthcam

As we can see, A sharp RECOVERY broke all it resistance leading to new NIFTY’s ATH end closed at important RESISTANCE for BANKNIFTY. Any closing above 51800-52000 level can lead to new ATH for BANKNIFTY too so plan your trades accordingly.

Wealthcam

As we can see despite BANKNIFTY’s attempt BANKNIFTY couldn’t break and sustain above 51350 levels which lead to the fall hence as long as BANKNIFTY remains below that zone, every rise can be sold till the trend changes so plan your trades accordingly.

Wealthcam

As we can see BANKNIFTY is forming more like a cup and handle pattern is smaller time frame which is a strong bullish signal but the only criteria is that BANKNIFTY has to open flat to strong but if fails then we may see another bear takeover with false breakouts. Hence as long as BANKNIFTY maintains itself below 51350, we may see sideways to negative market till...

Wealthcam

AS we can see BANKNIFTY reversed exactly from our given zone of 50350-400 as we discussed in our previous analysis. Now as the level got respected being an important SUPPORT, we may expect BANKNIFTY to remain strong till that zone is taken care of which may lead to being sluggish is gets below 51100 levels so plan your trades accordingly.

Wealthcam

As we can see BANKNIFTY fell more than 1000 points which was well expected as BANKNIFTY had been forming more like a rising wedge pattern. Now an immediate support can be seen around 50350-50500 levels being both previous swing and psychological level but if that level is breached below the we may see another sharp fall of over 500++ points which could be...

Wealthcam

As we can see BANKNIFTY remained sideways after opening weak but didn't let itself fall further making 51250 the final SUPPORT. our view had been negative following the structure of falling wedge despite BANKNIFTY showing strength in short term. HENCE as soon as BANKNIFTY breaches 51250 level and sustains below, we may see a sharp directional fall so plan your...

Wealthcam

As we can see BANKNIFTY remained sideways after opening weak but didn't let itself fall further making 51250 the final SUPPORT. our view had been negative following the structure of falling wedge despite BANKNIFTY showing strength in short term. HENCE as soon as BANKNIFTY breaches 51250 level and sustains below, we may see a sharp directional fall so plan your...

Wealthcam

as we can see despite the break of rising wedge pattern, BANKNIFTY hasn't shown any significant downside move as we were expecting and remained sideways throughout the day after opening weak. Following the structure we can still expect bearishness for coming trading sessions but the DATA( option chain) shows huge OI build in OTM strike prices i.e 51500-52000...

Wealthcam

As we can see BANKNIFTY had been in rising wedge pattern for quite some time now with both sides has been tested multiple times making it weak hence till BANKNIFTY maintains itself within the zone, the pattern indicates further bearishness in coming trading sessions. so plan your trades accordingly