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Bankniftytrading

Banknifty--@What is Resistance (S or T)??Banknifty index is clearly broken the support @47000 zone. Price recently broken the longer term trendline as well.. Now price is trading near to support zones at 44500 minor support zone and 43500-43200 major support zone. Short Opportunity:: Enter the short positions when price tap into this resistance zone(Support) or facing resistance from trendline.look for short opportunities from this zone. Long Opportunity:: Enter long positions when price tap into the major support zone.looking for long opportunities from this support. Case:1 We have a resistance in the form of support @47000. Case:2 We have resistance in the form of trendline.
NSE:BANKNIFTY
by IIT-Trader
5
30 JAN 2024 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 sustains Above 45500 and takes Support from 45500 then open target for T1-45600, T2-45800,T3-46000 If the Banknifty gap up opening sustains Below 45500 and takes resistance below 45500 then the open Targets for T1-45300, T2-45200,T3-45000 Major Levels 45500,45700,45300 If the market stands in this area of 45500 to 45700 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
29 JAN 2024 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 sustains Above 45500 and takes Support from 45500 then open target for T1-45600, T2-45800,T3-46000 If the Banknifty gap up opening sustains Below 45000 and takes resistance below 45000 then the open Targets for T1-44800, T2-44700,T3-44600 Major Levels 45000,45200,45500 If the market stands in this area of 45500 to 45300 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
25 JAN 2024 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 sustains Above 44800 and takes Support from 44800 then open target for T1-45200, T2-45300,T3-45500 If the Banknifty gap down opening sustains Below 44600 and takes resistance below 44600 then the open Targets for T1-44400, T2-44200,T3-44100 Major Levels 45000,45200,44800 If the market stands in this area of 45000 to 45200 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
24 JAN 2024 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 sustains Above 45300 and takes Support from 45300 then open target for T1-45400, T2-45600,T3-45800 If the Banknifty gap up opening sustains Below 45200 and takes resistance below 45200 then the open Targets for T1-45000, T2-44900,T3-44800 Major Levels 45200,45000,45300 If the market stands in this area of 45000 to 45200 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
23 JAN 2024 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 sustains Above 46200 and takes Support from 46200 then open target for T1-46400, T2-46600,T3-46800 If the Banknifty gap up opening sustains Below 46200 and takes resistance below 46200 then the open Targets for T1-46000, T2-45900,T3-45800 Major Levels 46200,46000,46400 If the market stands in this area of 46400 to 46200 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANK NIFTY:DOBLE BOTTOMOver the past few days, NSE:BANKNIFTY has been exhibiting a downtrend, indicating a bearish sentiment in the market. However, a notable development is the formation of a double bottom structure, which could potentially signal a reversal in the current trend. The double bottom pattern is a bullish reversal pattern that typically occurs after a prolonged downtrend. It consists of two troughs or "bottoms" at approximately the same price level, separated by a peak or "neckline." In this case, traders are advised to observe the pattern for a potential breakout. To initiate a trade based on this pattern, one should wait for a breakout and closing of a candle above the neckline. This breakout acts as a confirmation of the potential trend reversal. It is crucial to emphasize the importance of waiting for a candle close above the neckline to reduce the likelihood of a false signal. The target for this trade is calculated by measuring the distance between the low of one bottom and the neckline. This distance is then projected upwards from the breakout point to estimate the potential upward move. Traders should keep in mind that the target is a theoretical projection and may be influenced by various market factors. Additionally, it is common for the market to retest the breakout level after the initial breakout. Traders should be prepared for a retest and not be alarmed if the price revisits the neckline. The retest provides an opportunity to confirm the strength of the breakout and potentially add to the position. Risk management is paramount in any trading strategy. Traders should determine their risk appetite and set a proper stop loss level. The stop loss should be placed below the second bottom or at a level that aligns with the trader's risk tolerance. This ensures that losses are controlled in case the trade does not unfold as anticipated. In summary, the analysis suggests a potential opportunity for a bullish trade in Bank Nifty based on the double bottom pattern. However, traders should exercise caution, wait for a confirmed breakout, set realistic targets, and implement effective risk management to enhance the probability of a successful trade.
NSE:BANKNIFTYLong
by VanshikaUdeshi
2
16 SEPT 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 48000 and takes Support from 48100 then open target for T1-48200, T2-48400,T3-48600 If the Banknifty Gap-up opening sustains Below 48000 and takes resistance below 48000 then the open Targets for T1-47800, T2-47700,T3-47600 Major Levels 48000,48200,47800 If the market stands in this area of 48000 to 48200, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
15 SEPT 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 47800 and takes Support from 47800 then open target for T1-48000, T2-48100,T3-48200 If the Banknifty Gap-up opening sustains Below 47500 and takes resistance below 47500 then the open Targets for T1-47400, T2-47300,T3-47200 Major Levels 47500,47600,48000 If the market stands in this area of 47800 to 48000, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
12 SEPT 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 47500 and takes Support from 47600 then open target for T1-47800, T2-47900,T3-48000 If the Banknifty Gap-up opening sustains Below 47200 and takes resistance below 47000 then the open Targets for T1-46800, T2-46700,T3-46500 Major Levels 47500,47600,47200 If the market stands in this area of 47800 to 47600, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
10 JAN 2024 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 sustains Above 47200 and takes Support from 47200 then open target for T1-47300, T2-47400,T3-47600 If the Banknifty gap down opening sustains Below 47000 and takes resistance below 47000 then the open Targets for T1-46800, T2-46700,T3-46500 Major Levels 47000,47200,46800 If the market stands in this area of 47000 to 47200 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Consolidation or Bullish ??BANKNIFTY is rejected from the main channel and fall happens... we have detected a break below the secondary channel as well. If tomorrow price opens gap down or consolidation happens below 47400-47000 levels then liquidity will be clear on bottom side @47000 levels. If tomorrow again opens up and we have a chance of continuation to upside for the retest of secondary channel and may fall back again. Price is slowly creating a down ward channel, keep safe from these levels. Rarely, If consolidation happens above the secondary channel then it will again test ATH levels..
NSE:BANKNIFTY
by IIT-Trader
1