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Bankniftylevels

BANKNIFTY--Consolidation + Down = Up ??Observations:: ---->> A strong bullish momentum is observed from this zone...43400 level... ---->> To reach this zone 43400 level from resistance price is approching with strong consolidation. ---->>if this zone again acts as support,will be on buy side until the Base low 43900, Base High 44200 only. ---->> Drop-Base-Drop formation is observed. ---->>If the base resist the price, to go upside...will again observe a fall below 43400 levels...
NSE:BANKNIFTY
by IIT-Trader
2
BANKNIFTY--Gap Down or Gap Up ??observations:: After a strong fall price is in consolidation, price is in a range more than two days and today witnessed a pullback is observed... If it is a pullback, tomorrow we will observe a bearishness again.... If we see still the strong supply zone is located at 44300 levels.. If tomorrow price opens gap up and showing bullish pressure will be on buyside until 44300-44350 levels if the supply zone @44200-44160 range acts as support price will again touch ATH. If price opens, Gap down, we will look at 43700 area for buy side.. where previously gap up is observed If price is showing strong bullish pressure @ this level will go for buy on pullback. After Gap down, no buying pressure and again showing consolidation... will be on sell side for targets of 43400 levels. and we will look for buyside at 43400 levels. If price again Strong bullish from bullish gap levels...and moving above levels.. will be on buyside until the supply zone..@44300-44350.
NSE:BANKNIFTY
by IIT-Trader
9
15/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello 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 44200 last day high and taking Support from 44200 then open target for T1-44300,T2-44400,T3-44500 If the Banknifty after a Gap-Down opening sustain Below 43850 and taking resistance below 438500 then the open Targets for T1-43600,T2-43500,T3-43400 Major Levels 44000,43900,44200 If the market stande in this area of 43900 to 40200, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Retest or Fall ??Observations:: Price has broken the trendline...strongly now we have to see it will continue to drop or will retest the trendline... if we see the chart, trendline retest if possible test area is 44200 or strong fall area @44350 level. If we see on bottom side...strong reversal is observed with gap @43700 and is still not at finished. if price fall continue we can observe this gap be finsihed soon. if Price is going to test the supply zone @44350 to fall again If tomorrow price is range between 44000 and 44160 levels and goes up look for sell.@ Supply Zone.
NSE:BANKNIFTY
by IIT-Trader
09/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello 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 T1-44600,T2-44700,T3-44800 If the Banknifty after a Gap-Up opening sustain Below 439000 and taking resistance below 439000 then the open Targets for T1-43800,T2-43700,T3-43600 Major Levels 44000,44300,44200 If the market stande in this area of 44500 to 40000, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Bullish Gap or Bearish Gap??observations:: We have resistance in the range 44270-44255, if failed to resistance price will reach 44340-44310 range. we will observe some consolidation in this area 44250-44360 range. we have support @44150-44140 range ,if failed will go for short. we have bearish gap @44450 range... if price breaks the resistance @above zones.. will observe gap may fill... we have bullish gap left @43880-43900 range.. will again push the price to higher levels.
NSE:BANKNIFTY
by IIT-Trader
9
07/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello 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 T1-44600,T2-44700,T3-44800 If the Banknifty after a Gap-Down opening sustain Below 44000 and taking resistance below 44000 then the open Targets for T1-43800,T2-43700,T3-43600 Major Levels 44000,44300,44200 If the market stande in this area of 44500 to 40000, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY AnalysisObservations:: ----->>Look BANKNIFTY yesterday taken the support from trendline and showing bullishness. the price is completely trading in a range of previous day bearish candle. If this continue to move upside will observe a bearish gap be filled. If price breaks the trendline, we have strong support @ 43400 level, may again push the price upside. Keep watch this level. Sell Plan:: If price breaks the low @43700 level, and gives us pull back will go for short until 43400 levels. Buy Plan:: If price breaks yesterday high, we have an immediate resistance @44200 range, which is difficult to enter for long, until this breaks. If price breaks this range and gives us pullback will enter long, for target of bearish gap. If we use Fibonacci levels, if we draw it from previous low to high, which is exactly @ 0.6-0.5 range only. still the price is in uptrend only, no sign of bearishness. will be on buyside from 43400 level, until it breaks. If price is again consolidation at 43700-43400, price have a chance of breaking downwards, wait until it breaks strongly. If price not break this level, enter for long on retracement. draw trendline on the opposite side as well, then only look for buyside confirmation.
NSE:BANKNIFTY
by IIT-Trader
06/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys, Good Morning everyone, According to the data today market is going to open Gap-Down After A Gap-Down opening if Banknifty sustain Last day Above 44300 and taking Support from 44300 then open target for T1-44400,T2-44500,T3-44600 If the Banknifty after a Gap-Down opening sustain Below 44200 and taking resistance below 44200 then the open Targets for T1-44000,T2-43800,T3-43600 Major Levels 44000,44300,44200 If the market stande in this area of 44200 to 43800, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTYLong
by mr_bull10
05/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello 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 44200 and taking Support from 44200 then open target for T1-44400,T2-44500,T3-44600 If the Banknifty after a Gap-up opening sustain Below 43800 and taking resistance below 43800 then the open Targets for T1-43600,T2-43400,T3-43200 Major Levels 44000,43800,44200 If the market remains in the range of 44200 to 43800, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10