BankNifty Levels for Intraday for 22 Oct 2024BankNifty is trading between support and resistance zone but it is still in bullish channel so trading on buy side has high probability.
We can go long when price starts reversing from 51850-51900.
Trade only when price comes to support zone for good risk to reward and high probability.
Note : Its just an analysis, wait for the price to confirm.
Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
Bankniftybuy
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Banknifty setup for Wednesday 23-03-22During the day we have seen 900 points recovery from bottom and 348 points above closing from previous closing.
This sharp rally is a sign of strength
Trading setup
Buy above 36660
target 1 - 36820
Target 2 - 36950
Sell below 36300
Target 1 - 36180
target 2 - 36040
Banknifty chart setup for Monday 21/3In last 2 previous sessions there was huge gap up and it was total 1500 points move in just two days.
Based on above chart resistance is placed at 36700 followed by 37000
When banknifty will close above 37000 resistance further up move will open.
On the flip side 35880 will act as a support.
Breaking below 38500 we can see 35080 level near future.
How to trade banknifty on coming days?
Buy above 36720
Target 1 - 36880
Target 2 - 37050
Sell below 36200
Target 1 - 36000
Target 2 - 35880
BankNifty 8th November setupMuhurat trading day was kind of boring with no move at all but we made near 25 pts profit in PE side after it broker our support level but that was it for that day.
BankNifty 8th November :
Buy Above: 39685
Sell Below: 39560
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Bank Nifty Near Support Trendlinebank nifty taking support from given trendline on chart so, if it will take support from that level and give breakout above 36850 then go long for TGT 36000/36120 with SL below trendline.
and if break the trendline and give breakdown then go for the TGT of 36420.
But due to the expiry bank nifty option premium will high volatile so trade with strict and accurate SL
BANKNIFTY, WEEKLY RESISTNACE ZONEHello
Welcome to this analysis about BANKNIFTY , we are looking at daily timeframe perspectives. BANKNIFTY in recent times increased with Bullishness however it now moved into an overbought condition. BANKNIFTY is developing here that will be a decisive factor in the upcoming times. I discovered the main formation BANKNIFTY is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how BANKNIFTY has emerged with this key WEEKLY RESISTNACE ZONE marked in my chart with the black boundaries. BANKNIFTY is near resistance region which is an important resistance and also psychological resistance-mark together with the upper-boundary of the WEEKLY RESISTNACE ZONE a pullback
In this manner, thank you for watching my update-analysis about BANKNIFTY and its major WEEKLY RESISTNACE ZONE with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
BANKNIFTY - Levels for TomorrowThere is a probability of Bat pattern on the banknifty Intracharts and the bat pattern prz is aligned with the major resistance of banknifty around 21060 levels
The support for index is around 20200 levels , hence watch price action near those levels, if we any correction in tomorrow session.
As per charts, if any correction if so happens in the index would most likely get absorbed.