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Bankniftyanalysis

BANKNIFTY // At Reversal Path. ready for a strong Bear rally.www.tradingview.com BANKNIFTY: The daily chart shows a rising wedge pattern with a big reversal candle. This means the bears are ready to take over. There are many gaps that haven't been filled yet. This kind of rally based on news is not realistic and can hurt the new traders or investors who get tempted by the quick returns. But when the market corrects, they will lose money. So, be careful, BankNifty has turned around and we should wait for the rally to cool down before investing anything. Short term trading can be done if you have a good experience to trade in high volatile market.
NSE:BANKNIFTYShort
by Stox_Ware
1
BankNIFTY prediction for tomorrowas we have already discussed Banknifty has given breakout. and yesterday it retested the 44300 level and again bulls pumped the bulls side. Now I am expecting it to move bullish whole this week. Target 1 will be 45561, then some consolidation and it will move to all time high 46250. Reasons: Price has already broken out 2 month breakout with Inverted HNS. (Bullish) RSI showing bullish diversion. (Bullish) Bullish Golden crossover successful. (Bullish) Inverted HNS breakout and successful retesting of neck-line. (Bullish) According to OI, PCR: 0.97 (Bullish) with max pain = 44800 or 45000. above side only 45000 is having significiant resistance, if it's taken out bulls path will be clear for target 1 (45561) Verdict: Bullish Plan of action: Keep holding the previous position. you can add move call buy once bull intraday trend confirms.
NSE:BANKNIFTYLong
by finnova_
my view on BNF for tomorrowtomorrow we can see gap up opening. if not then specified levels will act as support and resistance respectively. today many call buyers have entered the market in last 20-30 min as we can see on the chart it closed in upside so if tomorrow it opens gap up and then falls from there, everyone will run for booking their profit and as next day will be the expiry so no meaning in holding it , as everyone will book profit their maybe high chance of panic selling and at the same time the sellers will start selling call options. so i feel tomorrow can be a good day to trade. as elections in many states are going we will see it's impact in coming days when result of election will come. if you like and learned anything from this then PLEASE SUPPORT.
NSE:BANKNIFTY
by galanip7
BANKNIFTY--SSL & BSL ??Now exactly price is neckline...but the sell side liquidity is above the 43800 levels.. after clearing the SSL then price is looking for the BSL, then we have a chance of running back to below 43200 levels... we have a chance of right shoulder here at 43500 levels...if price failed to push the price up from Right shoulder, we have a fall back to below 43200 levels, with a consolidation below 43450-43200 levels....So keep in wait mode until price clears the liquidity above 43800-43850 and falls back to right shoulder.... Will go for short side when right shoulder fails to formation.... Thank you guys for your support....
NSE:BANKNIFTY
by IIT-Trader
5
BankNIFTY prediction for tomorrow 28th NovBankNIFTY has been in the range of 43300-43700. the above resistance level has been struck out multiple times; there are more chances it will break this time to the upside. Looking at the charts and OI data, all data shows bullishness in the BANKNIFTY. Reasons: Multiple times (5) resistance zone strike. make it more chances to break this time. Usually, there is a high probability after three attempts. (Bullish) Price > EMA(13,50,200) (Bullish) Bullish Crossover successful. (Bullish) 200 EMA Support downside. (Bullish) RSI > 60 crossing to upside.(Bullish) PCR: 1.03 (Bullish) Verdict: Bullish Plan of action: Sell 43800 CE once break to upside. after retest add CE buying.
NSE:BANKNIFTYLong
by finnova_
BANKNIFTY--Inverse Head and Shoulders Pattern??If tomorrow price unable to breaks 43200 levels...results in a formation of Head, so tomorrow momentum is important for us to go bullish or bearish in Bank nifty so wait for the price to comes back to the neckline and gives us some pullback to Right shoulder then will go for long again in Bank nifty ….until keep in watch mode... bottom side we have a bullish gap left at 42900 levels. If opens down we have a chance of rise from that levels...
NSE:BANKNIFTY
by IIT-Trader
2
BANKNIFTY--@Trendline Retest??I am sharing the important levels of Support and Resistance. These levels play 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. They serve as key reference points for technical analysis. At the end of the session price taken the liquidity on bottom side..now the more liquidity lies on above 43800 levels...we have a strong support lies at 43300 levels...keep looking for buyside from this levels...or price may breaks this levels and reverses...keep safe here.. price recently broken the trendline ...it will retest soon...still bullishness is left...
NSE:BANKNIFTY
by IIT-Trader
2