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BANK-NIFTY

BANKNIFTY current Technical Update FII & DII invest 19056 corerBANK Nifty TA Update: I am also bullish in Bank nifty because of Today FII & DII buying data........ Huge buy.....Last 30 days FIIs daily 1000 cr selling so keep an eye guys BANK Nifty Now 19490 Point. This is Rtest Level after breakdown The support. So I can expect Next down leg soon but Guys if we breakout 19700 level I can expect 500-800 point upward side. Support: 19048/18200 Resistance : 19750/20300 if any candle close above 19750 level then this bearish chart exit and I will close my Trade and I will open Call. so keep an eye on chart. Please like and follow me for latest crypto and Stocks updates. Thank you
NSE:BANKNIFTYLong
by CryptoPatel
Indusind Bank 75 Min Analysis , TRIANGLE PATTERN Triangle Pattern Formed . 1) Strong RSI Divergence . 2) Price Reacted From Demand Zone . 3) Entering In Supply Zone . * Trade Set Up for long . Looking For Bullish Candle Strick Pattern Near Triangle Breakout .(Long Above It ) Preferable Above 428. * Trade Set Up For Short . Look For Bearish Candle Pattern Near Supply Zone . And Below It Short . With Sl 428 . Short Trade In this Pattern Not Looking Good Until Last Low Break . IF SETUP COMPLETE And Market Support Our Direction then Go Long . With Your Bullish Set Up candle Low As A Stop Loss . First Target Will Be 468-475.
NSE:INDUSINDBK
by veensh
BankNifty : Lets Buy Some Banks ! Simple Trade setups are the best one's. Instead of getting stuck with some complex trading systems, the simpler the better I believe.Today morning, first I looked at Nifty, didn't feel quite good about it, its completely ranging,so shifted focus on Banks..yea we are gonna buy Banks like Billionare's :).Lets keep funny things aside, here we are looking @ Banknifty and it just broke out of rectangle pattern ( our favorite pattern for past 3 weeks..Love it ! ). So if there is any pullback to check the resistance-turned-support area 19000's, we will be ready to get long in Banknifty. That's the simple setup we are looking at. We can also count elliott waves starting from 18450's, and wave 3 getting completed around 161.8% of Wave 1. Wait friends, nothing rosy as it looks, bcos 161.8% n wave 3 doesn't imply it will return for sure,so that we all can go short. If we have to trade wave 3 to 4, look for other valid bearish confirmations & enter, bcos its possible that banknifty may decide to reverse @ 2.0 or 2.24 fib extensions. If all goes fine and short plan worked, book profits around 19000's (+/- 0.5 %) and initiate long positions around our marked entry zone in Banknifty. We can call it as pullback entry or based on waves or someother technical analysis, all are good n valid. It's myth that one method is better than other. So if we take long positions @ 19000 in banknifty we are aiming around 700pts, only if everything goes as we have analysed. Yeah ! Let's go n Buy some Banks :) Feel free to leave comments to discuss/ Hit Likes if you agree... Happy Trading ! To follow Me on Indian version of Tradingview : in.tradingview.com
NSE:BANKNIFTYLong
by InsiderB
Banknifty 3 YR Long Term Consolidation Breakdown ShortHello This is an update from my BANKNIFTY Long call from 13700 and my BANKNIFTY short call which is at a breakeven point. The first scenario I had foreseen was a reversal at this lvl. The second was retrace to 17k and then back down. Now I notice a 3y long pattern of consolidation that has been in development ever since BANKNIFTY rallied from 8k to a 200%+ high of 20k. The banking index is looking weak as India continues to cut rates inorder to increase budget by decreasing payments on debt. In the short term I think that the second possibility of 17k and back down is possible as the price action has been extremely bullish from 13k ranges and shows indications of wanting to test the top of the consolidation triangle at around 16.7k. Best of luck
NSE:BANKNIFTYShort
by RahulAndra