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BANKNIFTY

BankNifty // Reason of BounceBack and Further visionwww.tradingview.com BankNifty: As shown in chart here, BankNifty went into pullback after making its all time high and its new Supply zone, a few days back. It reached to its previously established price zone which was its old demand zone too. It is obvious that if any ticker goes into Demand zone, it can easily bounce back sooner or later. Same happens if any ticker goes into its old Supply zone, it can be pulled back. After touching the old Demand zone, it bounced back and reached to its old Supply Zone today. From here, there can be two possibilities : Either it can restore to its old demand zone which is in the range of 44000 or it may go to its New Supply zone which is in the range of 48000. One thing to notice, the RSI on Daily chart is turning bullish and touching the Neutral zone at 40 from its Bearish zone. Also, it has already crossed its signal line to upside. Lets see how the near events affects its journey.
NSE:BANKNIFTY
by Stox_Ware
BANKNIFTY--Breakout or Breakdown??I am sharing the important levels of Support and Resistance. These levels plays 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 typically prevents the asset from rising higher. Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies. Trade safe...Thank you guys for your support
NSE:BANKNIFTY
by IIT-Trader
4
BANK NIFTY INTRADAY LEVELS FOR 31/01/2023BUY ABOVE - 45500 SL - 45300 TARGETS - 45660,46000,46240 SELL BELOW - 45300 SL - 45500 TARGETS - 45110,44900,44610 NO TRADE ZONE - 45300 to 45500 Previous Day High - 45660 Previous Day Low - 45300 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
Banknifty--@What is Resistance (S or T)??Banknifty index is clearly broken the support @47000 zone. Price recently broken the longer term trendline as well.. Now price is trading near to support zones at 44500 minor support zone and 43500-43200 major support zone. Short Opportunity:: Enter the short positions when price tap into this resistance zone(Support) or facing resistance from trendline.look for short opportunities from this zone. Long Opportunity:: Enter long positions when price tap into the major support zone.looking for long opportunities from this support. Case:1 We have a resistance in the form of support @47000. Case:2 We have resistance in the form of trendline.
NSE:BANKNIFTY
by IIT-Trader
5
BANK NIFTY INTRADAY LEVELS FOR 30/01/2024BUY ABOVE - 45660 SL - 45500 TARGETS - 46000,46220,46500 SELL BELOW - 45330 SL - 45500 TARGETS - 45110,44900,44610 NO TRADE ZONE - 45330 to 45660 Previous Day High - 45660 Previous Day Low - 45110 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
6
BANK NIFTY INTRADAY LEVELS FOR 29/01/2024BUY ABOVE - 45110 SL - 44900 TARGETS - 45330,45500,45800 SELL BELOW - 44900 SL - 45110 TARGETS - 44610,44430,44270 NO TRADE ZONE - 44900 to 45110 Previous Day High - 45110 Previous Day Low - 44430 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP