#bankniftyWe are able to see the M pattern on 15 mins chart once it breaks the neck line we could enter the sell position....
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Bankniftyview
Banknifty Technical AnalysisBroke the triangle and is ready to do the retest. Once the consolidation level forms within the current market range, we can expect a surge of 400 points. I am taking a risky trade here with an SL of 170 points and a TP of 450 points. If anyone wants to take my trade plan take an affordable risk or wait for the consolidation level forms and break above the consolidation level so that we can be somewhat sure to take the medium risk(after all, this is trading no one can predict 100%). So, take risks accordingly.
14/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-UP is going to open
After A Gap-UP opening if Banknifty sustain Above 8th Feb high 41400 and taking Support from 41400 then open target for T1-41560,T2-41600,T3-41700
If the Banknifty after a Gap-UP opening sustain Below last day low 41100 and and taking resistance below 41100 then the open Targets for T1-41000,T2-40900,T3-40800
Major Levels 41100,41300,41400
Pin Point Predictions Of Bank Nifty for 14-2-23Hello Traders,
My bit is to make your trading easy with consistent understanding of market price action. Posted this for today's trading. For more details and what is going to happen on 14-2-3 can check below.
BANKNIFTY 13.02.2023 VIEWAs per my analysis, NSE:BANKNIFTY spot support is 41395. My view is for upside only. We can expect upside level of 41850 once price sustained above level of 41395
Note: This is my personal analysis, only for learning. Thanks.
Banknifty - support and resistanceFibonacci levels for support and resistance
Current level : 41600
Support : 40800
Resistance : 42600
BANK NIFTY: TommorowNSE:BANKNIFTY A lot of consolidation going on at previous gap region. For the past six days it has not given a close above the gap (41680) or below the gap (41380)
Any daily close above or below the mentioned level can take the NSE:BANKNIFTY the much need direction. Though the bias based on price actions on upper side.
Till the time NSE:BANKNIFTY gives a direction avoid all positional bets and stick to intraday levels for day trade.
NSE:BANKNIFTY Hourly time frame VCP formation. Important to watch out is 41680 which is the upper level mentioned above. The up thrust candles have above average volume, which is a good sign.
NSE:BANKNIFTY Intraday immediate support resistance levels are marked here.
For more detailed picture check out the below link
Pin Point Predictions Of bank Nifty For 13-2-23Hello Traders,
These are the markings which I posted on 6-2-23 to make your trading easy and comprehensive . The detail can be seen below so that you can use in your trading.
what's the next move ?On hourly charts, Bank nifty consolidate near 41500 to 41700 level. What does it mean. Bank nifty try to break level but there are sellers who holds the level. Also buyers hold strong that market is not going down. That's the result market is in sideways from 5 days. So from next week we could expect some sharp moves only if strong buying or selling happens on key level. So keep an eye on 41000 and 41800 level. Any breakout leads to strong rally.
Trade according to your setups. Trade with Stoploss. See you later.
Bank Nifty levels
NSE:BANKNIFTY No changes from previously mentioned levels. BNF still getting Resistance from 41690 and above levels. Refer the related link below (FEB 5).
All positional best to be avoided until a clear up move above 41700 -42000
Bank NiftyThis is just guess work. nobody can predict 100 percent. bulls need to break bears resistance lvl 42000. bulls are slowly coming near to bears lvl after 3rd. now near to bears resistance, will buy fizzle out or break bears to be seen. market can see some correction down.
BANK Nifty 2H Chart Analysis 🚐🚐The banknifty 2h chart formation in the Trinagle, My view 41550-41600 is the important level, as per the chart breackout soon, but My Gutt this is not happend but anywhere this time market is very intersiting for me, The Index not go up and not go down....
Whats your view please share in twitter
09/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Small Gap-Down is going to open
After A Small Gap-Down opening if Banknifty sustain Above last day high 41700 and taking Support from 41700 then open target for T1-41900,T2-42000,T3-42200
If the Banknifty after a Small Gap-Down opening sustain Below last day low 41400 and and taking resistance below 41400 then the open Targets for T1-41200,T2-41000,T3-398000
Major Levels 41600,41500,41400
Bank Nifty: Multi time frame analysis1) NSE:BANKNIFTY : Daily time frame - Consolidation going on at at the same area where previous consolidation happened. On the first occasion this led 3600 points break down and on the second occasion led to 2400 points up move. One positive aspect is that there are long wicks in candles which are signs of demand. All positional bet to be avoided unless price clearly moves above 41700 or below 41100. Until then stick to Intraday.
2) NSE:BANKNIFTY : Hourly time frame - Clear volatility contraction visible at this TF. With nice drop in volumes. Usually these are signs of break out. But wait until it happens. No pre-emptive trade.
3) NSE:BANKNIFTY : 15 minutes time frame - Price is in range. All signs of breakout/breakdown to be first spotted from this time frame. Should watch closely.
4) NSE:BANKNIFTY : 5 minutes time frame - From 6th onwards price is trading below VWAP, actually this is a sign of bearishness. But price closely following VWAP and sticking to it whenever there is trend to move away
08/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONE
Hello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above last day high 41700 and taking Support from 41700 then open target for T1-41900,T2-42000,T3-42200
If the Banknifty after a Gap-Up opening sustain Below last day low 41500 and and taking resistance below 41500 then the open Targets for T1-41300,T2-40100,T3-40000
Major Levels 41600,41500,41400
Bank Nifty view for 8th of Feb, 2023Keep an eye on RBI credit policy. If market forms a range before RBI press conference, then after the conference, any break out will result in atleast quick 150/200 points in any direction in Bank Nifty.
Sell Below 1645trying to for a kind of M pattern, can initiate short below 1645 for a target of 1420
7/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above last day high 41700 and taking Support from 41700 then open target for T1-42000,T2-42200,T3-42400
If the Banknifty after a Gap-Up opening sustain Below last day low 41250 and and taking resistance below 41250 then the open Targets for T1-41000,T2-40800,T3-40600
Major Levels 41600,41800,42000
BANK NIFTY 07.02.2023NSE:BANKNIFTY Refer yesterday mentioned levels. Given that, from 41690 onwards could face stiff resistance and today made a high of 41725 and reversed. Also given that 41200 and blow could lend support and got support at 41260.
If todays high is taken out on tomorrow, good chance to reach up to 42000 - 42300 which is also budget day high. Reason Low volume zone all the way. 41100 to 41200 area can offer some support. Refer the chart.
Meanwhile at 15 minute timeframe one beautiful VCP pattern is getting printed the break out of which will push the price up to above mentioned levels. refer the chart below.
Please keep in mind following charts NSE:BANKNIFTY Daily time frame. If you remove the negative noise from the market for the moment there is nothing wrong with BNF charts. Daily time frame shows a consolidation. Refer chart below.
NSE:BANKNIFTY weekly time frame looks like a shakeout. Refer chart below.
BANK NIFTYNSE:BANKNIFTY
Meanwhile NSE:BANKNIFTY is developing a fantastic VCP pattern with average volume dropping.
KEEP IN RADAR
Bank nifty will move up or down ???After indian government announced budget market react very abstract. So on charts bank nifty looks confusing. Bank nifty must cross either 42000 or 39500 level for further clearity. As per hourly trend bank nifty is in downtrend so bank nifty may fall till 38000 in coming days if 39500 break with volume on hourly charts. WE can plan long only after 42000 level reclaimed. Till bearish moves are expected. So trade with stoploss.
Bank Nifty veiw for intraday 6th feb.If BN opens flat, wait for price action to form. If after making a range, it break out upside, we can see targets mentioned in the chart.
Bank Nifty view for 6th feb.If banknifty crosses its resistence zone around, 41800-42000; then 42750-42800 will be fast approaching.
