Banknifty rejection from 200 DMABanknifty need to sustain above 200 dma for further up move. Closing above 36150 will activate is 200 dma breakout and we can see 37000 level near future.
Bankniftyprediction
BANKNIFTY Trend Analysis (Another perspective)If the current resistance level (35650) breaks then this scenario may play out which I am going to explain.
It may remain sideways moving in a triangle pattern highlighted.
In a triangle pattern each swing is comprised of 3 waves with a total of 5 swings before break out.
You can see the previous two swings are 3 waves moves.
Even if this plays out there will be a shallow correction towards 34900 level followed by a rally towards 37550 level to fill the gap.
The red line in between is a key level which acted as resistance and support multiple times.
Update on my previous insight:
In lower timeframe it is forming a bear flag with hidden bearish divergence in RSI and stochastic is at highly overbought in daily timeframe with a declining trend in volume.
It is moving up with below average volume, which is unsustainable.
I am still expecting it to move as per my previous TA linked below and this time it will not fall below 32000 level.
Current scenario is just a bull trap.
Will see what plays out.
Trade cautiously.
Peace!!
BankNifty Analysis/Prediction for tomorrow 25-05-2022 (WednesdayNSE:BANKNIFTY Analysis/Prediction for tomorrow 25-05-2022 (Wednesday)
For flat/Gap-Up/Gap-Down Opening
🟢 Buy CE, if prices closes above 34425
👉 Target Should be T1- 34820, T2-35020
🔴 Buy PE, if price closes below 34180
👉 Target Should be T1- 34000 T2-33820, T3-33600
Banknifty Weekly, Daily and Intraday levelI have shared all the important levels for coming week.
Like and follow for more videos and charts.
NiftyBank Futures Key Trading Levels for 13th May 22NiftyBank Futures Key Trading Levels for 13th May 22
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Banknifty Expiry LevelsThis is hourly chart of banknifty.
On the hourly chart it is 850 point range.
Resistance at 35000 while support at 34000,
On the expiry day breaking this range will make a further move in the same direction.
Banknifty trade setup for 11-05-2022Banknifty is trading within 1000 points range 34000 to 35000.
Breaking this range will give direction for further move.
Banknifty best intraday levels Buy above 36070
Target 35220
Sell below 36800
Target 36640
Sl 80 point in spot
Banknifty weekly analysis for next weekImportant support 35000
Strong resistance 38899
2500 to 3000 points target after breaking this range on weekly basis.
Banknifty video for tomorrow 27-04-22. Best entry and target.Hello friends
I have mentioned all the important levels for tomorrow.
Watch till last and plan your trade accordingly.
Banknifty tomorrow setup and today's recapMajor level
Resistance 36500
Support 36500
600 to 800 points move after breaking this range.
Banknifty Important Chart36000 is important level for bounce and potential target will be 37200.
On the flip side breaking below 35000 will accelerate panic selling.
Banknifty Keep it simpleBanknifty rangebound area is 36000 to 37200.
On daily chart
Closing below 36000 target 35000
On the flip side
Closing above 37200 target 38000.
#banknifty
Banknifty breakout range Let Banknifty break this range.
Buy above 3800
Target 38800
Sell below 37260
Target 1 - 37000
Closing below 37000
Target 36600
Banknifty weekly and daily analysis Banknifty weekly analysis for coming week 11 April to 15 April.
Daily analysis for Monday 11 April.
BankNiftyFutures Key Trading Levels for 8th April 22BankNiftyFutures Key Trading Levels for 8th April 22
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Banknifty important levels Important support 37400
Resistance 38500.
1200 points target after this range breakout either side.
Banknifty Setup For Monday 28-03-22Intraday support 35400,
Intraday resistance 35700.
150 to 200 points target after breaking this range (35400 - 35700)
Further levels are mentioned in the chart.
Like, share, follow
Thanks in advance.
Banknifty 38000Banknifty has crossed it's immediate resistance on daily chart which was placed at 37000.
Let it close above 37000
Target 38000, 38500, 39000
Banknifty Setup For Tuesday 29/03/2022During the session banknifty made strong come back from bottom and closed above morning high.
On the daily time frame the index made a hammer candle which is bullish sigh.
Banknifty components are doing great and strong traction is visible.
Trading setup
Buy above 35770
Target 1 - 35900
Target 2 - 36030
Target 3 - 36160
Sell below 35470
Target 1 - 35350
Target 2 - 35210
Target 3 - 35030
Like share and follow.
Stay tuned for intraday update.
BankNifty Futures Key Trading Levels for 29th March 2022#BankNifty Futures Key Trading Levels for 29th March 2022
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
