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BANKNIFTY

BANKNIFTY--Consolidation or Bearish??BANKNIFTY broken the bullish channel downside, if tomorrow price opens gap up or bullish, keep looking for short side. if price comes back to 48400 levels, look for short. Lot of liquidity is lies below 47000 levels... this time price clears the liquidity on bottom side and then tries to be bullish again. wait until it comes to these levels and observe a rejection from the channel... careful before going long.. If we observe again a consolidation on topside...another bullishness is going to observe soon.
NSE:BANKNIFTY
by IIT-Trader
3
NIFTY BANK (BANKNIFTY) looks bullishBanknifty looks bullish for swing trade. Monthly and Weekly RSI is above 60, and Daily taking support on the 60 level. Looking closely at price action in a 75-minute time frame, one can quickly notice "Positive Reverse Divergence" (RSI is declining, but the price is not). RSI is taking support on 40. It would be a good swing trade if the RSI starts climbing and taking support at 40. If the price falls below the 47500 level, it may weaken for a long trade. Overall, the trend is still up.
NSE:BANKNIFTYLong
by vikasbhekare
ICICIBANK : Bearish in upcoming days ?www.tradingview.com ICICIBANK : The chart clearly shows non-sustainable after making its aggressive 52W High. Reversed with divergence at price as well as at RSI level on Daily time frame. Further on chart, it is making Rising Wedge which again depicts the bearish trend. Further down, there is an opened gap between 950-960. A little down is the Point of Control of volume where most of the recent time it has spent. The Point Of Control attracts the price to its side. If it doesn't revert from Point of Control, it can further go down at 925 level to take some breath because that is the edge of the Rising Wedge pattern. That is where there is a chance of reversal to become bullish again.
NSE:ICICIBANKShort
by Stox_Ware
2
HDFCBANK : Divergence of Reversalwww.tradingview.com HDFCBANK : HDFCBANK is about to touch its 52w HIGH level. However, there is a divergence being indicated at RSI on Daily timeframe chart. The similar divergence being indicated at price level as well. We need to be cautious as there are a few Gaps open at near 1640 and 1570. As per Gap theory, every Gap has to be filled. If it holds above 1720, it can go till 1800 at immediate next level. Else if it goes below 1700, it can go 1670 and 1550.
NSE:HDFCBANK
by Stox_Ware
BANK NIFTY INTRADAY LEVELS FOR 29/12/2023BUY ABOVE - 48620 SL - 48470 TARGETS - 48800,49000,49250 SELL BELOW - 48350 SL - 48470 TARGETS - 48200,48030.47820 NO TRADE ZONE - 48350 to 48620 Previous Day High - 48620 Previous Day Low - 48350 I am sharing BANK NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both. In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures. Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully. 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
4