Index closed at Resistance Zone, wait for breakout or rejection for Entry. Bullish > 52000 Bearish < 51800
NSE:BANKNIFTY view for the week Banknifty levels for 9th Sept to 14th Sept Overall view - sideways to bearish Trade for upside if it breaks 51470 TG - 51600/51800/552000 Trade for downside if it breaks 50650 TG - 50400/50200/50000
Banknifty closed near at Resistance breakout drag price for upside rejection may drag for downside Bullish > 51500 Bearish< 51200 Important zone Marked on chart, wait for rejection or candle confirmation for Entry
NSE:BANKNIFTY Trading Strategy for 15th May, 2024 | Bullish Reversal confirmed. ✅ Breakout from lower end of rising channel at daily chart. ✅ Breakout from Falling wedge patter at 15 min Time Frame Trading Strategy :- ✅ Initiate CE trade if Banknifty crosses and sustains (min 30 mins) above 48000 - 48070 ✅ Target - 48258/48461 ✅ Initiate PE trade if Banknifty...
Currently banknifty making X pattern , Breakout in any one direction price will go down or up according breakout direction wait for confirmation in lower timeframe Bullish > 49200 Bearish <48750
Price closing above previous resistance, so resistance became support.. Bullish >45600 Bearish < 45050 Wait for rejections at zones for entry. All views for Educational purpose do your own analysis before initiate any trade.
Currently Banknifty near Resistance (Confluence Zone) Bullish > 45450 Bearish< 44900 Watch the zones marked on chart , wait for proper rejections for entry. All views for Educational purpose before entry do your own analysis.
I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure...
Important key Zones marked on Chart . Wait for rejections in zone for better opportunities.
Observations:: The Banknifty index is showing selling pressure in ths zone @43900 level... but failed to take the price below yesterday's supply zone @43700 levels. until price breaks this level and retest don't think of short again... False breakdown may also happens....don't go for short until price breaks 43600 level. It may again reverse... if we see the...
Its been a while since I have done some analysis on Bank Nifty. So, here is my take on the index. You can observe the resistance zone on the chart, which is 44150 zone. No wonder this is the previous all-time high of December 2022. Market tried to break this area twice but could not sustain above it. Below this zone it again tried to hold near 44000 round number...
Observations: NSE:BANKNIFTY price is clearly in a range between the demand zone and supply zone. its clearly a range bound market. we are still in the uptrend only, in bank nifty ,no sign of bearishness in the market at all time high also. price broken the demand zone at 43950,closed above the demand zone. and tested the supply zone forms at 44120 levels. ...
Expect some steam to be left off and consolidate sideways before testing R2 on CPR. Chances of trade between R1 and CPR levels seen more favorable given the broad CPR spacing on Weekly TF.
Observations: -----> After Strong breakout from 43000,price opens gap up means buyers want to take the price to higher levels. ------> Gap up + Consolidation at 43500 is observed. price is moving downwards, means price wants to go upside test of demand zone at 43000 breakout. -------> If it is a false breakdown at 43350 level, and price moves again upside, look...
BUY - 42160 SL - 42100 TARGETS - 42350,42600,42800 SELL - 42100 SL - 42190 TARGETS - 41950,41700,41500 Trade Safe & Happy Trading Guys This is only for educational purpose so TAKE YOUR OWN RISK REWARD
BANKNIFTY closed is near major daily support level. Once it break we may see next daily support in coming days. Levels of daily, hourly & 15min timeframe marked on chart for today. Follow Price action & trend Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your...
Hey Friends, tomorrow quite a chance to break the range. do watch the video for more details.
Target Done. Took entry at acending triangle breakout.