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Bankniftyanalysis

BANKNIFTY--Bull Trap or Bear Trap ??After a strong fall, price is given us retracement. this retracement is to enter for short side or Enter in long side. price is clearly taking the support from 45500 levels, all done on long side up to neckline as mentioned previous. Now this is very interesting price is given us retracement.... this retracement is for buyers...initiated at strong resistance this will continue upwards again... this has to break above the 45100 levels....If failed to break above, otherwise who has initiated longs and carrying Calls, Bulls will be trapped. After a strong fall, from the major trendline price is continuously falling, so those who missed the previous selling opportunity, those who think that price given us retracement to enter in short side, this is the place to enter for short and they initiated shorts... if price opens bullish and continue towards upside then it is a bear trap. One more interesting point is, @45100 levels price is showing strong bearish pressure... and to test this buyers struggled to reach the zone... a consolidation to upside is observed...if this is a sign of weakness for buyers on next session will be a falling again. until price breaks above 45100 levels and retest no bullish view... it is still in bearish mode only. I think this post is helpful... Note:: It might hurt some one, who is carrying calls and puts... But the psychology of markets behavior is like this only.... As a retail traders we can't take any decisions, we have to move with them... Thank you very much for your support and encouragement.... Have a nice weekend....
NSE:BANKNIFTY
by IIT-Trader
34
BankNifty Future Analysis for 7th August 2023BankNifty Future Analysis for 7th August 2023 As per our #analysis for #BankNiftyFuture, we are expecting these Intraday levels Tomorrow, kindly check the charts on 15 min time frame and act accordingly. #IntradayLevels Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act. Follow Us For More #Updates in Future
NSE:BANKNIFTY1!
by MarkitVUE
BANKNIFTY--44500 is Support or Resistance ??Bank nifty index a continuous fall is observed from the break of major trendline without retest. price broken the demand @44800 and 44600 levels, the previous resistance is also failed to push the price up, so a strong fall is observed below 44500. Price is now exactly closed @ 44500 level, which is a strong fall area previous. if this again pushes the price down will observe a continuous fall to bottom levels @43800 levels. if the same resistance acts as support, price is again be bullish. tomorrow move will decide to go further lower or higher. until keep in watch mode. I will do one more post on buy side setup... I cannot mix both intraday and swing setup in a single post. Thanks for your support and Encouragement guys. stay tuned for more updates....
NSE:BANKNIFTY
by IIT-Trader
66
BANKNIFTY--Hidden Head & Shoulders Pattern??A pattern(Head and Shoulders) inside an another pattern of (Head and Shoulders) in Higher time frame.... If the Trendline or Neckline on the inside pattern of Head and Shoulders acts as resistance, there will be an one more fall happens in Bank nifty. which is more dangerous than this one. Keep watch these internal levels and external levels....they will acts as support and resistance. keep look at these levels.... Happy Trading guys.... Note:: I am not available for the next 1 or 2 weeks.... Thank you guys for your support and Encouragement. will be back soon...
NSE:BANKNIFTY
by IIT-Trader
1
3 AUGUST 2023 BANKNIFTY EXPIRY DAY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open Gap-Down After A Gap-Down opening if Banknifty sustain Above 45000 and taking Support from 45100 then open target for T1-45200,T2-45300,T3-43500 If the Banknifty Gap-Down opening sustain Below 44700 and taking resistance below 44700 then the open Targets for T1-44600,T2-44500,T3-44300 Major Levels 45000,45100,44800 If the market stande in this area of 45000 to 44700, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Inside Candle + Upside = Fall ??After Showing strong Bullish Pressure towards new ATH, price showing strong bearish pressure. price also forms a inside candle, and yesterday shows a strong bullish momentum again. if this bullish momentum sustains...or falls again. Considering that inside candle as consolidation at Previous ATH levels, and shows us a bullish momentum, so if we consider this as Bearish Pressure + Consolidation + Upside = Great fall. if we observe after breaking the trendline no retest is observed in higher timeframes, a strong bullish move is observed from 44700-44750 levels. if price failed to take the help of previous HH, and bottom side Demand fails, we can expect a strong fall. Will see what happens in live market... Thanks for your support.
NSE:BANKNIFTY
by IIT-Trader
4
BANKNIFTY--@Major Trendline Break ??Bank nifty index is again taking the support from the trendline and showing bullish pressure.. now the price is near its previous strong fall area. If this area pushes the price downwards price is again fall. If price breaks the trendline we have a strong support in the bottom side @44800... that will again push the price upside... So Until price breaks the trendline keep on buy side... will be on short side...if price breaks and retest the trendline. Will see in the next session what happens...
NSE:BANKNIFTY
by IIT-Trader
10
BANKNIFTY-- Double Top Formed??Bank nifty Index has formed a double top price has formed a double top, with a break of demand and price is retraced back to fall again. If price wants to fall from strong resistance area, tomorrow price will again test the strong resistance at 45900 level.keep on buyside until this area. we have a bearish Gap and Strong resistance. Until price fills these we can't be on bearish side... we have a trendline confirmation as well...price has taken the support from trendline multiple times, until price breaks the trendline and retest don't go for short side...
NSE:BANKNIFTY
by IIT-Trader
30
BANKNIFTY--Retracement or Fall ??Price broken the strong demand zone by opening gapdown, and starts consolidation immediately...at the end it tested the demand again. price exactly closed by testing the demand zone, if price wants to fall continuously, tomorrow again it opens down and fall to below levels. if price wants to give some retracement, it will again test the previous ATH level... where previously strong fall happens.... If tomorrow price opens below levels, will look for long in this place... previously multiple times price got rejected from this level. may acts as support....keep track this levels.... Today we will not get any entries on any side...it is in consolidation range, till the end. will see in the next session what happens.
NSE:BANKNIFTY
by IIT-Trader
35
BANKNIFTY--Which Breaks Demand or ATH ??Today's observations:: Price rapidly falls from the 46300 levels. Price may again test the ATH, so don't go for short immediately. based on the opening will again look for buy or short. Key level to watch is previous ATH, that is the level that can push price up or lower. On bottom side, Price is again taken the support from demand zone...until demand breaks no Short again... fake breakdown may also happen at demand zone careful here... this is a strong area of value and demand zone.. that can't break easily.... will see what happens in the next session.
NSE:BANKNIFTY
by IIT-Trader
16
BANKNIFTY-- @Triangle Breakout Level??If we look at the chart price breaking the trendline and moving super bullish... after breaking the trendline price moving like a rocket. Today after breaking the trendline price is not moving much points.... it's slowly moving to the upside.. Case 1:: What happens if price not able to move upside:: If tomorrow price opens gap up and it has to move upside, if its bullish again. Case2 :: If price opens gap down its clearly indicating bearish sign. sellers will immediately take the price downwards...so no more bullishness in the market. consider end of bullishness. If tomorrow price falls below the trendline again... we will wait for the perfect place to enter for short again. by keeping the stop loss above the previous strong fall high. targets up to the Demand and bullish gap point only. If price breaks the 45600 level, we will notice a strong fall happens up to 45200 area where there is more liquidity, to eliminate all the buy orders. After a strong fall from the area 46100 level, today again price comes back to the same level.. To test the supply zone price is moving in a bullish channel... so until price breaks this and retest will not go for short side.... Note :: some times price opens up or down and fills the gap and continue fall or rise again...so be cautious in such cases. will see what happens in the next session. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered.
NSE:BANKNIFTY
by IIT-Trader
43
BANKNIFTY--Trendline Breaks ??Price opens gap up above the trendline, and failed to take the help of trendline. sellers are aggressively taken the price towards demand zone. Reached our targets on bottom side up to demand zone. now interesting point is, price exactly closed at the previous supply zone, where previously a strong sell off is observed. If price wants to go downside, this is the place to take it downside...as already discussed earlier. we will go for buying only if trendline acts as support, we will initiate a long entry... if demand breaks and gives us pullback will enter on short side, with small stop loss. In smaller time frame, price broken the trendline and closed below it. will see what happens tomorrow in live.
NSE:BANKNIFTY
by IIT-Trader
61