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Bankniftyanalysis

BANKNIFTY-- Liquidity@47200??BANKNIFTY INDEX is taken the support from the support level and neckline is failed to push the price downwards... --->>price failed to grab the liquidity on bottom side, results in bullish entry is placed after it is failed. ------->>so wait for the price to consolidate between the Head and Right shoulder to move upside to test the resistances at 47200 and a liquidity grab above these levels... Keep in long side as long as price is above 46200 levels, which is right shoulder. ----------------------------- now price is near to trendline... if opens up chance of moving upside is possible in this case... keep in short side aslongas price is below the trendline and Right shoulder.
NSE:BANKNIFTY
by IIT-Trader
1
HDFCBANK : Possible Views by StoxWarewww.tradingview.com The weekly time frame shows a range-bound market for this stock, which is favorable for positional and futures traders. The stock is trading near its 52-week low of 1380, which is also a support channel. A break below this channel could trigger a further decline to 1280 or even 1100, which are the next support levels. However, this scenario is unlikely at the moment. To turn bullish, the stock needs to rise above and sustain 1470, which is a resistance level. A break above this level could open the door for 1550, which is another resistance level. If the stock can overcome 1550, it will face the final hurdle at 1750, which is both the 52-week high and the all-time high. Repeated tests of this level could weaken it and lead to a new high.
NSE:HDFCBANK
by Stox_Ware
BANKNIFTY--Liquidity or Bullish??Bank Nifty index is showing bearish pressure from the right shoulder... a strong fall is noticed when neckline is rejected... Now price is near to its demand zones... A lot of liquidity is below the support levels... After the liquidity grab price chances of moving is more. on the topside, we have trendline....in order to reach the higher levels price has to break the trendline and retest...so keep in the bearish side as long as price is below the trendline... It might be in consolidation zone below trendline and above support zones. keep safe from these zones.
NSE:BANKNIFTY
by IIT-Trader
3
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
BANKNIFTY--Initiation or Exhaustion??price is exactly closed near to the resistance zone... A strong bullishness is observed from the 45000 levels... today's bullishness is exhaustion tomorrow it is again bearish...If this is an initiation will grab the liquidity above 46800 levels...and will continue to move higher with consolidation to 47200 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. Trade safe...Thank you guys for your support
NSE:BANKNIFTY
by IIT-Trader
3