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Bankniftyanalysis

BANKNIFTY--Head & Shoulders ??BANKNIFTY index is at important zone of resistance. price filled the bearish Gap at 48100 levels.. on bottom side price by consolidating above the major trendline, price tested the zone of resistance at 48100. this is the time to look for bearishness or Bullish continuation. Price is at Major zone of resistance.. This is one more crucial phase to continue or reversal. Head :: Consider the price movement above 47400 as Header section. Left shoulder :: Left shoulder is already confirmed at 47400-47200 levels. Right Shoulder:: wait for the price to form a right shoulder... near the 47200 levels... Neckline:: Neckline is already located at 45600 levels. wait for the price to break the neckline or reversal from from neckline and gives us retracement to enter short side by keeping the SL at above the Left shoulder(NOW), also a right shoulder later, just wait for confirmation. ------------------------------------------------------------------------------------------------------ Until price breaks the left shoulder keep in long side. If left shoulder will push the price up or Not. so wait for the price reaction at that levels.
NSE:BANKNIFTYShort
by IIT-Trader
11
BANKNIFTY--Bullish Setup??Bank nifty taken the liquidity below the 47200 levels... on bottom side we have a strong bullishness observed by breaking the trendline @46800 levels, now price is on its way to test this zone of support. this is the only zone that can push the BANKNIFTY further upside... keep in long side as long as price is above this levels. on the other hand, IF price failed to breaks the NECKLINE or failed to create the right shoulder price will again test the ATH levels. this is the only short cut way to reach the ATH again.
NSE:BANKNIFTYLong
by IIT-Trader
9
Sensex Intraday Setup for Friday 15 March,2024I have posted two charts: the First is to understand the Intraday, and the second is my short-term view. Today is the weekly closing and the day that decides the market trend for next week. 72,500 is the last hope for the Bulls and a very critical zone, so keep an eye on these levels. They can help you play for the maximum today or in the upcoming days. Intraday Range: 72,900 to 73,400 ( A more comprehensive range and good for the Options sellers who love to sell Options Long above 73,400 for the target of 73,700/73,900 Short Below: 72,900 for the target to 72,600/72,500 Trade Accordingly
BSE:SENSEX
by CodeViser
2
Reversal Rising Wedge pattern in Banknifty indexBANKNIFTY INDEX Key highlights: 💡⚡ 📈 On 1 Hour Time Frame Banknifty Index Showing Reversal of Rising Wedge Pattern. 📈 It can give movement upto the Reversal Final target of Above 48400+. 📈 There have chances of breakout of Resistance level too. 📈 After breakout of Resistance level this Banknifty index can gives strong upside rally upto Above 50670+. 📈 Can Go Long in this Banknifty index by placing a stop loss Below 45720-.
NSE:BANKNIFTY
by TradZoo
#BankNifty #Intraday Setup for 13 March Weekly Expiry The market trend is unpredictable when it's stuck in a range. The index is moving both sides and creating uncertainty, which is the cause of volatility, so be careful during the intraday. Today is bank nifty expiry, and here are the index's essential daily levels. Intraday Range: 47,500 to 47,170 Long above 47,500 for the target of 47,750/47,800. Short below 47,170 is also an activation point of the Harmonic ABCD pattern, and its target is 46,800. Trade Accordingly!
NSE:BANKNIFTY
by CodeViser
7
All INDEX key levels for March 13, 2024 #Nifty #BankNifty All INDEX key levels for March 13, 2024 #Nifty #BankNifty Overview: Today's trading session presented significant opportunities within the Bank Nifty index and we executed the trades based on the levels published yesterday on tradingview and we were able to capture the rise of 500 points in BankNifty Here are the key levels to watch for potential entry and exit points in NSE:BANKNIFTY Resistance Levels: - Refer the Red line on the chart Support Levels: - Refer the Green line on the chart Trading Strategy: - Long Position: Consider initiating long positions near support levels only after reversal confirmation for potential upside movement. - Short Position: Consider initiating short positions near resistance levels only after reversal confirmation for potential downside movement. Risk Management: - Always use stop-loss orders to protect against adverse market movements. - Consider position sizing based on risk tolerance and account equity. Disclaimer: These levels are provided for informational purposes only and should not be considered as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Thanks
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by Nivesh_Labs
Banknifty Prediction for tomorrow 11 Mar (Monday)Hello traders, As we discussed in our last analysis, the market took resistance from the resistance zone, and the result was sideways. If we look at the chart data now: The market is taking resistance at 48119. (Why this resistance looks like my last bank nifty analysis). The market is trading at the resistance zone right now. Also, there has been a good momentum without consolidation. There can be a fallback till 47230 or 200 EMA. There are multiple support points lower side -> 200 EMA, Price action support, Fibonacci 0.38 Level. If we look at the OI data: PCR = 0.88 shows bullish sentiments. But if. we look at the change from the previous day, 1.28 - 0.88, it shows bears are continuously increasing their position in the market. Also, there has been a Huge surge at 48000 CE OI, which is going to provide good resistance. FII and DII data do not show much of the information except that the market might open a small gap-down. I am expecting the market to get consolidated. Case 1 : Market takes fallback till 200 EMA. Case 2: Market consolidation in the range 47750 - 48119. Reasons: Price taking support 47750 & resistance at 48100. which might lead to sideways behavior. RSI < 50 falling shows weak bulls. That might lead to a fall if RSI goes below 40. RSI is having hidden bullish divergence. RSI is making LL, and the price is making HH. PCR change from 1.28 - 0.88 shows strong power of Bears. Also, there is less PE writing than CE writing. Verdict : The market is in consolidation mode. Sideways or Bearish Plan of action: Case 1: Sell 47700 CE (Hedge it with 20 rs CE). Case 2 : Iron condor in range 47750 - 48119.
NSE:BANKNIFTYShort
by finnova_
NiftyBank key levels for March 6, 2024Stay ahead of the curve with our daily Bank Nifty key levels! NiftyBank key levels for March 6, 2024 Overview: Today's trading session presented significant opportunities within the Bank Nifty index and we executed the trades based on the levels published yesterday on tradingview and we were able to capture the fall of 180 points in BankNifty on March 5 Here are the key levels to watch for potential entry and exit points in NSE:BANKNIFTY Resistance Levels: - Refer the Red line on the chart Support Levels: - Refer the Green line on the chart Trading Strategy: - Long Position: Consider initiating long positions near support levels only after reversal confirmation for potential upside movement. - Short Position: Consider initiating short positions near resistance levels only after reversal confirmation for potential downside movement. Risk Management: - Always use stop-loss orders to protect against adverse market movements. - Consider position sizing based on risk tolerance and account equity. Disclaimer: These levels are provided for informational purposes only and should not be considered as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Thanks
NSE:BANKNIFTY
by Nivesh_Labs
BANKNIFTY--S/R Levels??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. ------------------------------------------------------------------------------------------------------------ keep in long side as long as price is above the trendline. will go for short once price breaks and retest of trendline.
NSE:BANKNIFTY
by IIT-Trader
2
NiftyBank key levels for March 1, 2024Stay ahead of the curve with our daily Bank Nifty key levels! NiftyBank key levels for March 1, 2024 If you feel that this analysis helps you, Do Follow Us for more insights & Do Boost the post Overview: Today's trading session presented significant opportunities within the Bank Nifty index and we executed the trades based on the levels published yesterday on tradingview and we were able to capture the fall of 700 points in BankNifty Link for yesterday’s levels, you can check it yourself :- Here are the key levels to watch for potential entry and exit points in BANKNIFTY Resistance Levels: - Refer the Red line on the chart Support Levels: - Refer the Green line on the chart Trading Strategy: - Long Position: Consider initiating long positions near support levels only after reversal confirmation for potential upside movement. - Short Position: Consider initiating short positions near resistance levels only after reversal confirmation for potential downside movement. Risk Management: - Always use stop-loss orders to protect against adverse market movements. - Consider position sizing based on risk tolerance and account equity. Disclaimer: These levels are provided for informational purposes only and should not be considered as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Thanks
NSE:BANKNIFTY
by Nivesh_Labs
BANKNIFTY--Rally Base Rally or Reversal??A strong bullish momentum is observed from double bottom levels, now price is near to the previous strong resistance area, if these resistances acts as support then only will see an upside momentum...if they failed to push, it will continue its momentum towards below levels... CASE 1:: Rally Base Rally If it is a rally base rally price will take the support of 45600 levels...and it will continue to move upside above 47600 levels. keep an eye on trendline, if breaks will look for long on retracement. Case 2:: Reversal If we observe a consolidation on bottom side @ double bottom levels.. it will go down and reversal may happens from 44000 levels...
NSE:BANKNIFTY
by IIT-Trader
5
BANKNIFTY--@Trendline Resistance??BANKNIFTY Index is showing bearishness from 47200 levels... On top side price created a trendline...now until price breaks the trendline keep ur view to short only.. failed to consolidate on topside..to move upside.. so its time to look for short near the trendline... tomorrow chance of upside and test the trendline and again turned to bearish again... to grab the liquidity below the demand zones. on bottom side we have supports at 46200 and 45800 levels wait for the price to come to these zones, enter here to continue long side again.
NSE:BANKNIFTY
by IIT-Trader
6