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BANKNIFTY

Reversal Parallel Channel Pattern in BANKNIFTYBANKNIFTY Index Key highlights: 💡⚡ 📈 On 15 Min Time Frame Banknifty Index Showing Reversal of Parallel Channel Pattern. 📈 It can give movement upto the Reversal Final target of Below 45590-. 📈 There have chances of breakdown of Support level too. 📈 After breakdown of Support level this Banknifty index can gives strong downside rally upto below 45150-. 📈 Can Go short in this Banknifty index by placing a stop loss Above 46240+.
NSE:BANKNIFTY
by TradZoo
BANKNIFTY--Drop base Drop or Bullish??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
1
BANKNIFTY 1st FEB 2024 - UPTREND EXPECTATIONBanknifty may continue UPTREND CHART PATTERN : Bullish Pennant formation The technical analysis suggests that Banknifty is poised to sustain its upward momentum, indicated by the presence of a Bullish Pennant formation on the chart. An opportune entry point would be if the market opens flat tomorrow and experiences a breakout, signaling a continuation of the uptrend. Alternatively, in the event of a gap down near the 0.5 Fibonacci Level and trendline, a potential upward movement may occur, especially if there is a formation of higher highs (HH) and higher lows (HL). Thank you !
NSE:BANKNIFTYLong
by krishnacbe18
2
BANK NIFTY No need to say, that for more than six months, Bank Nifty has been trading in different channels, either upward or downward. 1. From 3rd July to 8th September BN was in a downward channel. (Channel 1). On 11th September this channel has been broken out clearly. And index moved upward till it reaches near the higher level of 21st july. From that level BN started to fall. 2. From 8th September to 3rd November BN stayed in a downward channel. (Channel 2) On 6th November this channel has been broken out. 3. From 23rd October to 1st December BN was in an upward channel. (Channel 3). On 4th October this has been broken out with a gap up opening. On the same day BN formed a big candle. 4. From 4th December to 16th January BN was in an upward channel. On 17th January BN fell from this channel, with a huge gap down opening. 5. On 17th BN entered into the previous channel again (Channel 3). But nowadays BN is not respecting the boundaries of this channel. And mostly BN stayed below the lower boundary of this channel. 7. From 14th December onwards BN is travelling in a downward channel. (Channel 5) 8. On 2nd February index has been rejected from the upper level of this channel (Channel 5). and formed a bearish engulfing candle. Please note, on weekly channel a bullish harami candle was formed. Declaimer: I am not a SEBI registered analyst. And this is not a trade recommendation.
NSE:BANKNIFTY
by alikoyakk
BANKNIFTY--Inverse Head & Sholuder??BANKNIFTY INDEX is created a Demand zone at 45450-45220 zone. If this zone again push the price upside, leads to creates an Right shoulder.. then will observe a inverse Head and shoulders will clearly seen if the same is happens from this demand zone. on topside(Neckline) at 46500-46700 zone is pushing the price downside, continuously. previous support is now acting as a resistance on the topside, as I already explained. so, now we have 2 possibilities:: Long:: Enter long when price comes to Demand Zone. (Or) If price consolidates between the neckline and old support level, then we have a chance of continuation upside. If price failed to create a right shoulder or demand zone fails to push the price upside, then we have short plan, when price consolidates between the head and Demand Zone. then a liquidity grab will be finished on bottom side and price is likely to test the strong demand zones at 43600 levels. will go for short side below demand zones...
NSE:BANKNIFTY
by IIT-Trader
2
BANK NIFTY INTRADAY LEVELS FOR 06/02/2024BUY ABOVE - 46010 SL - 45800 TARGETS - 46200,46500,46670 SELL BELOW - 45660 SL - 45880 TARGETS - 45500,45300,45110 NO TRADE ZONE - 45660 to 46010 Previous Day High - 46010 Previous Day Low - 45660 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
BANK NIFTY INTRADAY LEVELS FOR 05/02/2024BUY ABOVE - 46300 SL - 46040 TARGETS - 46500,46670,46890 SELL BELOW - 45910 SL - 46200 TARGETS - 45660,45500,45300 NO TRADE ZONE - 45910 to 46300 Previous Day High - 46890 Previous Day Low - 45910 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