knstocks

knstocks

Hello Traders, BANKNIFTY for the past 10 Trading sessions faced a RESISTANCE at a downward TRENDLINE. PRICE rejected 5 times at the TRENDLINE. Today it gave a breakout and BANKNIFTY closed above the Trendline. *** 34000 is very important level at HIGHER TIMEFRAME *** 1) If BANKNIFTY break & Retest that 34000 level. We can go LONG . ----> Because yesterday...

knstocks

Hello traders, Our important INTRADAY LEVELS ----> 34000 -- 32400 -- 31000. These can act as great SUPPORT & RESISTANCE ZONES. Should enter the trade based on intraday PRICE ACTION with these key levels. * So far this week had 2 trading sessions * Price is below WEEKLY CPR & above WEEKLY S1. 1) Today a PARALLEL CHANNEL BREAKOUT was happened. But the...

knstocks

Hello Traders, Yesterday as i told BANKNIFTY was opened GAP DOWN and it gets HUGE SUPPORT at our mentioned key level 32400 . 32400 level acted as a greater support as price can't close below that level. 1) If tomorrow the 32400 level gets broken we can go SHORT and out next key support area would be 30920. TARGET - 31000 if BANKNIFTY breaks 32400 level. 2)...

knstocks

Hello Traders, On a HIGHER TIMEFRAME ( WEEKLY ) BANKNIFTY Breaked a SUPPORT TRENDLINE and price closed under the trend line. 1) For previous 4 weeks BANKNIFTY formed continuous RED CANDLES, with first 3 candles as DOJI type of candles and a last one is pure BEARISH CANDLE with shorter wicks. *** 35620 is very IMPORTANT LEVEL *** 2) Since previous 4 weeks...

knstocks

Hello Traders, So far this week had 3 trading sessions with DESCENDING daily CPR. Also during 3 sessions price is below the WEEKLY PIVOT. **35620** is very IMPORTANT LEVEL. --> On 1st session it took support at important level ( 35620 ). --> And remaining 2 sessions it faced RESISTANCE at that level ( 35620 ). --> Price can't Break the WEEKLY SUPPORT S1 for...

knstocks

Hello Traders, NIFTY has been forming a parallel bearish channel for quite a while. Now the closing price is exactly at the CENTRAL LINE of the channel and also at the very important HIGHER TIMEFRAME ZONE. ( acted as a support previously ) Price is now at INTERSECTION of these zones exactly. 1) There is a 330 POINTS gap between price levels ( 16705 - 17025...

knstocks

Hello Traders, Today BANKNIFTY initially faced resistance in the first candle at daily pivot - S1. We waited for the market to form the INITIAL BALANCE. After that BANKNIFTY formed a DOUBLE BOTTOM - CHART PATTERN. Then it breaked the S1 and perfectly retested that level. ( Break & Retest Strategy ) ( NOTE : broken resistance will now act as support ) * That...

knstocks

Hello traders, Banknifty faced a strong RESISTANCE at price level 36615 on 24th and 25th february, because it is an important level in a Higher Timeframe. Previous 2 Trading sessions Banknifty can't close its price above the key level ( 36615 ). So, there is a chance that on Monday it can break that resistance. Because PCR ratio is 0.8 that means according to...