BANKNIFTY FALL PREDICTION EXPLAINED
Price has violated a Monthly Supply and there is a Fresh Strong Deman formed in Monthly chart @ Rs. 42015.65
Therefor Price will definitely come in this Range.
In order to come down Price needs to react to a Supply.
We see Price has formed a deviation from the moving average and has also formed an Engulfing Supply in Monthly chart.
This is a Supply to Demand Equilibrium where we have the Source and the Destination of the Downtrend.
Now we go further in Daily to find the Entry in Fresh Daily Supply Zones, we have a Fresh Daily Supply formed which has a Short Trade with a Reward to Risk Ratio of 3:1.
ENJOY THE RIDE !!!
Bankniftylevels
25 OCT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a Flat
After A Flat opening if Banknifty sustains Above 43000 and takes Support from 43000 then open target for T1-43200, T2-43400,T3-43500
If the Banknifty Flat opening sustains Below 43000 and takes resistance below 43000 then the open Targets for T1-42800, T2-42700,T3-42500
Major Levels 43000,43200,42800
If the market stands in this area of 43000 to 44300, then it is possible that even today the market will remain in the range.
Bank-Nifty Breakdown or fakedown?BankNIFTY has given the breakout clearly as can be seen on the charts.
Now the qiestion is will it go more down of it might bounce back to bullishness.
as it seems if in morning session it shows a sign of bearishness it might go further down.
Reasons:
BankNIFTY has break to downside 1-D TF(time frame). (Bearish)
Sharp falling of last week. (Bearish)
200 EMA might provide a good support. but is it couls not hold it will be a sharp falling again as it's also breakdown of double top. (Bearish)
RSI is very low shows weak trend strength. (Bearish)
Price < VWAP (Bearish)
PCR = 0.47 (Huge Bearish)
Verdict:
Bearish, all sign shows the bearishness.
Plan of action:
wait for BankNifty to show bearish trend and make position accordingly.
BANKNIFTY--Consolidation or Breakdown??If price consolidates @43400-43800 levels and then price has a chance of manipulation(Rise) before testing the 42800 levels...so take care before long/Short....
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 and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
20 OCT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap down
After A gap down opening if Banknifty sustains Above 44700 and takes Support from 44700 then open target for T1-43800, T2-43900,T3-44100
If the Banknifty gap down opening sustains Below 43500 and takes resistance below 43500 then the open Targets for T1-43300, T2-43200,T3-43100
Major Levels 43500,43700,43600
If the market stands in this area of 43700 to 44500, then it is possible that even today the market will remain in the range.
19 OCT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap down
After A gap down opening if Banknifty sustains Above 44100 and takes Support from 44100 then open target for T1-44200, T2-44300,T3-44400
If the Banknifty gap down opening sustains Below 43800 and takes resistance below 43800 then the open Targets for T1-43700, T2-43600,T3-43500
Major Levels 44000,44100,43900
If the market stands in this area of 43900 to 44100, then it is possible that even today the market will remain in the range.
18 OCT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a Flat
After A Flat opening if Banknifty sustains Above 44500 and takes Support from 44500 then open target for T1-44700, T2-44800,T3-44900
If the Banknifty Flat opening sustains Below 44300 and takes resistance below 44300 then the open Targets for T1-44200, T2-44100,T3-44000
Major Levels 44500,44300,44200
If the market stands in this area of 44500 to 44300, then it is possible that even today the market will remain in the range.
BANKNIFTY--44700 or 44100I 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.
If price breaks the resistance, we have a chance of filling the bearish gap, soo keep in buyside until it touches the zone of resistance and bearish gap.
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
[INTRADAY] #BANKNIFTY PE & CE Levels(18/10/2023) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 44450 level then possible downside rally of 400-500 points upto 44050 Level. Any Major upside only expected in case banknifty starts trading above 44550 level.
BANKNIFTY--@GoldenZone??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.
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.
BANKNIFTY--Double Top as Resistance??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.
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.
BANKNIFTY--45000 Or 44200I 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.
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.
BANKNIFTY--Liquidity lies @44800 ??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.
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.
BANKNIFTY--43500 or 44800I 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.
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.
10 OCT 2023 BANKNIFTY 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 44100 and taking Support from 44100 then open target for T1-44200,T2-44300,T3-44500
If the Banknifty Gap-Down opening sustain Below 43800 and taking resistance below 43800 then the open Targets for T1-43600,T2-43500,T3-43400
Major Levels 43800,43500,44100
If the market stande in this area of 44300 to 44100, then it is possible that even today the market will remain in the range.
BANKNIFTY--Resistance @44600 ??Price failed to take the support from the 44200 level and created a double top at 44800 levels.
Price fall with strong drop base drop from this levels.
now price is approaching the base, may acts as resistance...
wait until the price test this base zone for fall or rise...until keep in long side.
Keep safe...
[INTRADAY] #BANKNIFTY PE & CE Levels(09/10/2023) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 44450 level then possible downside rally of 400-500 points upto 44050 Level. And this rally can extend for another 400 points if it gives breakdown of 43950 level. Any Major upside only expected in case banknifty starts trading above 44550 level. also possible Reversal upside 44050 level.
04 OCT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELS
Hello 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 44500 and taking Support from 44500 then open target for T1-44700,T2-44800,T3-45000
If the Banknifty Gap-Down opening sustain Below 44200 and taking resistance below 44200 then the open Targets for T1-44000,T2-43800,T3-43600
Major Levels 44200,44500,44000
If the market stande in this area of 44400 to 44200, then it is possible that even today the market will remain in the range.
[INTRADAY] #BANKNIFTY PE & CE Levels(03/10/2023) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 44450 level then possible downside rally of 400-500 points upto 44050 Level. And this rally can extend for another 400 points if it gives breakdown of 43950 level. Any Major upside only expected in case banknifty starts trading above 44550 level. also possible Reversal upside 44050 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(29/09/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44550 level then possible upside rally of 400-500 points upto 44950 Level. Any Major downside only expected in case banknifty starts trading below 44450 level. also possible Reversal Upside 44050 level.
29 SEPT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-Up
After A Gap-Up opening if Banknifty sustain Above 44500 and taking Support from 44500 then open target for T1-44700,T2-44800,T3-45000
If the Banknifty Gap-Up opening sustain Below 44200 and taking resistance below 44200 then the open Targets for T1-44000,T2-43800,T3-43600
Major Levels 44600,44500,44000
If the market stande in this area of 44400 to 44600, then it is possible that even today the market will remain in the range.