27 OCT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap up
After A gap up opening if Banknifty sustains Above 42600 and takes Support from 42600 then open target for T1-42800, T2-43000,T3-43200
If the Banknifty gap up opening sustains Below 42000 and takes resistance below 42000 then the open Targets for T1-41900, T2-41800,T3-41400
Major Levels 42000,42400,42600
If the market stands in this area of 42400 to 42600, then it is possible that even today the market will remain in the range.
Bankniftytrading
BANKNIFTY--42800 or 44400 ??Price is exactly closed at support level, at this level price taken the support multiple times...
we are still having some more points in the downside @43400 level...
if that breaks we will observe a great fall towards 42800 and 42000 levels...
wait until that breaks and retest...don't go for short side immediately...
we have a great support @42800 and 42000 levels...
If support fails to push the price up, then it will continue to move downwards up to 42800 levels..
If you are looking for buy side wait until price reach to any one of these levels...
or it may rise again from 43400 levels...without confirmation don't go for short side...
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 !!!
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.
BANKNIFTY--44300 or 43600I 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
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
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.
17 OCT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap up
After A gap up opening if Banknifty sustains Above 44200 and takes Support from 44200 then open target for T1-44300, T2-44400,T3-44600
If the Banknifty gap up opening sustains Below 44200 and takes resistance below 44200 then the open Targets for T1-44000, T2-43900,T3-43800
Major Levels 44200,44000,44400
If the market stands in this area of 44400 to 44200, then it is possible that even today the market will remain in the range.
16 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 44200 and takes Support from 44200 then open target for T1-44300, T2-44400,T3-44600
If the Banknifty Flat opening sustains Below 44200 and takes resistance below 44200 then the open Targets for T1-44000, T2-43900,T3-43800
Major Levels 44200,44000,44400
If the market stands in this area of 44000 to 44200, then it is possible that even today the market will remain in the range.
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.
13 OCT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSBANKNIFTY
Hello 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 T1-44800, T2-44900,T3-45000
If the Banknifty gap Down opening sustains Below 44300 and takes resistance below 44400 then the open Targets for T1-44200, T2-44100,T3-44000
Major Levels 44600,44400,44700
If the market stands in this area of 44400 to 44600, then it is possible that even today the market will remain in the range.
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.
12 OCT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap up
After A gap up opening if Banknifty sustains Above 44700 and takes Support from 44700 then open target for T1-44800, T2-44900,T3-45000
If the Banknifty gap up opening sustains Below 44400 and takes resistance below 44400 then the open Targets for T1-44300, T2-44200,T3-44000
Major Levels 44600,44400,44700
If the market stands in this area of 44400 to 44600, then it is possible that even today the market will remain in the range.
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.
11 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 44500 and takes Support from 44500 then open target for T1-44700, T2-44900,T3-45000
If the Banknifty Gap-Down opening sustains Below 44100 and takes resistance below 44100 then the open Targets for T1-43900, T2-43800,T3-43600
Major Levels 44500,44100,44000
If the market stands in this area of 44200 to 44500, then it is possible that even today the market will remain in the range.
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.