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Bankniftylong

BankNifty: Key Support and Resistance Levels [08 Feb 2021]BankNifty in crucial zones Long Setup: If BankNifty breaks trendline, then look for possible long opportunity. I will wait for Banknifty to test the trendline or come to blue area once it breaks. Short Setup: If BankNifty gives break out the blue zone, then you might expect downtrend to continue further. I will wait for BankNifty to test the trendline or the blue area, and then short it. *** Look for candlestick rejection patterns for further confirmation
NSE:BANKNIFTY
by AkmeAnalytics
Bank Nifty - LongBank Nifty - In my Last Post , I have said 31500 is acting as Strong Resistance. Today Global Trend was down but Nifty & BNF opened Gap Down and also broke imp resistance of 31500 and closed above that. Also, it gave closing above the Trendline. Till 31500 approx 50 Lakhs shares are short (07th Jan Expiry). I expect Non - Stop Rally of Bank Nifty to 32350-32400 within 3-4 days & 31481 will act as a Support. Stocks which will lead the rally - ICICI Bank , Indusind Bank.
NSE:BANKNIFTYLong
by NPIRANHA
Bank nifty - Next week movement 5th JanuaryBank nifty today, corrected to 23.8% fibo level - As mentioned in that chart This shows the strength in the index and the willingness of the bulls to buy all the dips. Even though it fell today but it did not sustain at those levels. Bank Nifty index is moving in the channel and the upper band of the channel comes around 32000-32200 ( depending as soon/late it touches) It will be interesting to see what it will do @32000. At this point of time, the best strategy is to go long. To seek a short side position, wait for a daily closing below the channel which is around 30900 and trailing
NSE:BANKNIFTYLong
by akumar1057
1
Bank nifty for the last week od December'20Points which I will cover: 1) Negative divegences - How they are still bullish 2) Fibonacci levels 3) Possible movement in the upcoming week - Negative Divergences Higher high on RSI and Lower high on price are clearly visible on the chart however, it is utmost important to notice the breakout in the falling RSI trend. It is favourblet to assumer that the recent fall on BNF was just a pull back in a bull trend. - Fibonacci Levels a)The recent fall of BNF to 29000 was also a corrective pull back on larger trend. 29000 was the first 23.8% fibonacci level ( Lows of October and highs of december) b) On 24th dec, bank nifty also touched its 78.6% retracement level from the highs of 30900 to the lows of 29000 - Bullish sign - Possible movement 1) small pull comes to the green mentioned area and then bounces back to 30500 & 30900 2) If 30900 is broken significantly, then early signs of elliot wave formation can considered with very high targets upto 31400, 32400 & 33650
NSE:BANKNIFTYZ2020Long
by akumar1057
rading Bank nifty would be very challenging this month.Trading Bank nifty would be very challenging this month. Monthly Chart - Formed Bearish Engulfing Weekly Chart - Bullish engulfing Daily Chart - Big Bull candle but at resistance ( may become last engulfing) If on Monday. Banknifty does not take out 22300-22500 levels on the upside, chances are high that it would be going down again. Immediate Support @ 21670 and 21530 Expecting High Volatility. IF you are new bee trade light with strict stop loss.
NSE:BANKNIFTY
by manuagarwal21
2
BANKNIFTY FUT: 22900 INCOMINGBank Nifty Future Analysis: Showing clear signs of bullishness as per price analysis with high volume and poor bearish candle formation. Bnf futures had gone to run stops inorder to get liquidity for the upside in the coming days. This is a clear long setup and initial target of 21800 was hit. Note: This surpasses all retail logic and thinking. There was no retail indicator, trendlines or any such retail tools used for this analysis. Disclaimer - I am not a SEBI Registered Advisor. This post is purely for educational purposes only. I will not be responsible for your profit and loss. Please confirm with your investment advisor. Related Ideas: @goutham_45
NSE:BANKNIFTY1!Long
by Abrxhamtk