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Niftybank

INDUSINDBK | NSE | ANALYSISHey guys! IndusIndBk has broken out of its major resistance level and has flipped it to support. It has consolidated for a while above the support, which is healthy. And, it's closing in on the D-Day. MACD is converging bullish adding to the bias. Stoch RSI has bottomed out and is ready for a reversal. Next possible resistances are way above 600 rupees, which is the 200MA on the 4H. That's a 30% easy target in the coming months. Above are my reasons to enter the trade. Thank you!
NSE:INDUSINDBKLong
by kautilya_k
Bank Nifty Trading Strategy for 22th-26th June'2020Next 15 days Review:- 1. The breakout above 19450 on 1st June, the upside target was 24,301. 2. The next round of up move is above 21,967, the upside target will be 24,262. With the current momentum in place, the upside target of 24,262-24,301 seems to be valid. Medium-term reversal is only below 19450. Short term reversal is below 20316. Current upmove SL is 20,579 1. 23.6% of 17,105 - 21,807 is 20,697 2. 50.0% of 21,807 - 19.507 is 20,657 3. 9th June swing low is 20,629 4. Elliot ave Wave 4 max correction 61.8% of Wave 3 (20,030 to 21,457) is 20,579 MIN is 20,579 We might get a dip in wave 4 in the range of 20,638 - 20,878, the dip has to be bought. Don't try to short in the market.
NSE:BANKNIFTYLong
by subhagghosh
NiftyBank - Close to breaking important 22K level ResistanceThanks for coming to this update. Before you start reading kindly hit that like button. It motivates me to keep doing such work for free. Thanks After a series of green days in the market, BankNifty is now again in the resistance zone from which it has been rejected multiple times in the past. But, given the fact that this zone has been tested multiple times and with bullish market conditions, there is a high chance that BankNifty may break out from this zone. The next level of resistance would be the 0.5 fib level (22400) region on the chart, which is where the 200EMA is also lining up making it a region on confluence as far as resistance is concerned. If BankNifty crosses above mentioned resistance zones, then we can see a huge rally in BNF the near future. Please note: These are my views and not trading advice. Please consult your financial adviser before taking any trading decision. Daily RSI NSE:BANKNIFTY - 61 ( Leaning Bullish ) The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless - Jack Schwager – Author of Market Wizards
NSE:BANKNIFTY
by iSauravKr
2
Bank Nifty Weekly Analysis with Elliote wave + Price Action !Hello, guys welcome Back My self Ravindra, Guys please if you like my analysis then like it takes hours for making No more words Please. When you analysis Through elliote wave, Wave 3 is done at 22000 Level which is approx 0.0382 Fib level Its confirm when you making internal wave in 3 rd wave Which is at 13000 So we can consider this as wave 4 Now According to Elliote Wave after wave 5 we see a major fall in bank nifty Around 16000 Points Within weeks does it was a corona effect? I don't think so Because Price has fallen in the first week of January when there are no corona cases in India, Price has fallen until the last week of march When worldwide economy down Stocks moves In a positive direction. According to technical analysis, we have done our 5 th elliote wave at 33000 levels ( We Have done our impulsive Wave ) , Now price is riding on a corrective wave A, B, and C According to my view we will see 23000 levels in bank nifty in upcoming weeks if it will retrace 50 % Then we will see even the price of the bank nifty at 25000-27000-30000 level in upcoming. I am not taking any fundamental analysis So Trade with proper knowledge What did you think why the price rising in this bad economy? Thanks
NSE:BANKNIFTYLong
by Trading_buddy
Picture of Bank Nifty for June and July monthHey everyone, Recently a lot of question has asked from our subscriber that we do not understand the chart and I would like to say only one thing that if you guys do not understand the chart than how can you trade. Do not trade blindly see the idea and analyze that what is logic behind of the Idea. We had seen lot of up and down move since May month. Index move is confusing and hard to predict the long term move but I will give a try . Index gave a reversal from harmonic PRZ 0.886 level and made 0.50 low as per fib levels. Bounce back from 0.50 and trading in upside atm. There is only one barrier that sits on 22,000. if Index breaks 22,000 and sustains above than we can a new high 24,000. I am not talking about Intraday here. We have 2 levels to watch for June and for July month. The first is 22,000 and the second is 19,500 and these 2 levels decide bank Nifty future. Btw in this range bank, the Nifty move will be miss. We can see fresh bloodbath if 19,500 breaks. Thanks Virendra Pandey
NSE:BANKNIFTY
by CodeViser
4
Bank Nifty Intraday Trade Setup for 9th June 2020Good Morning friends, Yesterday we have seen a major downfall from the opening price and Index has given a good move in the downside. Our Trade setup was a 15-minute candle high and low and it's helped us a lot in yesterday's trading session and we made good money there but Index is still bullish and can be traveled 21,980 to 22,890. This 1000 Point range is the supply zone and Index must go on this level before giving a correction in the downside. This is our midterm view. but as I always said that every day is different than others so the main question is what is our today Trade setup. Technical View ==================== The index is trading in a channel and channel since march and this channel resistance comes on 22890. A lot of confirmation in this price range such as our Harmonic XABCD pattern PRZ Area follows up with Harmonic ABCD pattern as well. Impulse waves also Indicate that the key resistance is on 22,890. Index key support is still on 20,200 Trade setup ============ Buy above: 21,550 SL: 21,230 Target : 21,740/21,980/22,140 Sell Bellow: 20,950 SL: 21,190 Target : 20,760/20,600/20,380 Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take a different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:BANKNIFTY
by CodeViser
Bank Nifty Trading Strategy for 8th June'2020#Banknifty @21,187 seems to be in the 5th wave of the current up move. The target of wave 5 is the min of 61.8% to 123.6% of Wave 1 ( 17,313 to 19,450: 2,137 Point). Today's high is 21,805 which is 69.3% of wave 1, so we really don't know wave 5 of the move is completed or not, which we will come to know in a few days. If the current upmove continues the target on upside comes to 22,454 (100% of Wave 1)-22,660 (38.2% of fall - 31,649 to 17,105) zone ans next target is 24,194 (123.6% of wave 1 ) - 24,377 (50% of fall - 31,649 to 17,105). The current up move structure will remain valid, till 20,317 holds. All positional SL of long is 20,317. I will prefer to buy in dips with SL of 20,317 as SL or I will try to capture breakout trade above 21,967 for higher targets. My decision zone for tomorrow is 21,317 - 21,187, above +ve and below -ve. The only area of concern of the bull run is RSI divergence seen outside the outbought zone. #banknifty #niftybank #trading #tradesetup
NSE:BANKNIFTY
by subhagghosh
Bank Nifty Trading Strategy for 2nd June'2020.If I am see the chart correctly, there is breakout of breakout happned around 19450 levels. 17105 to 20122 recovery took 63 bars on 30 min chart and time of almost 10 days. Before moving to next level, at least price or time correction is required. Price Correction:- Might be till 19,000 to 19,350 levels along with time correction of 1/3 of 10 days, i.e. 3 days. For next 3 days, we need a consolidation for next major upmove. If the next levels of breakout happens above 20,223 levels, the target are as big as 23,139. Setup fails below, 18,900 closing. Some people were talking about RSI divergence, this might give a dip for entry point. #banknifty #niftybank #trading
NSE:BANKNIFTY
by subhagghosh
1