Niftybank
Indusland Bank AnalysisIndusInd Bank analysis for 19th June 2020
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Bank Nifty Trading Strategy for 17th June'2020Nothing has changed in the last two days, consolidation with negative bias is in progress.
Fist sign of strength for bulls is above 20,635 & further validation above 20,750.
Upside Target :- 24,381
SL :- 19,455
The bullish structure will be compromised below 19,455.
The downside target will be given once the structure is broken.
Till that time, use buy in dips strategy.
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Bandhan Bank Barish below 264 !Hello friends,
Stock Might bearish below 264 For Target toward 258-250-245
Thanks
Banknifty support & ResistanceDue to very bad news and market, sentiments Bank nifty will go down I am sharing my opinion about bank nifty
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
Bank Nifty Trading Strategy for 15th June'2020Sentiment Bullish above 20,317
Upside Target :- 24,381
SL :- 19,455
Day Low 19,580 (50% of the uptrend is 19,558), Correction Completed.
Pattern fails below 19,455.
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Nifty Bank at Key Level Index Might looking bearish for Target Toward 20300-19500-19000 Sl @ 21,026.97
The Bank Nifty closed 2.72 percent lower at 20,525.15. which will act as crucial support for the index, is placed at 20,240.87, followed by 19,956.54. On the upside, key resistance levels are placed at 21,026.97
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
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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
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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
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.
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Bank Nifty Trading Strategy for 5th June'2020A rally of 4514 or 26% point from 17105 to 21619 was covered in 50 bars (12 Days).
The short term high of 21,619 has been made what it seems.
Use a bounce to short and the downsize target is 18,830 by 10th June.
Note:- Analysis fails if BN crosses 21,619.
The original target of 23,300 still holds but retracement first then the next move.
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Live Update @ 11:45 AM Bank Nifty on 3rd July 2020.Stop Loss of all long is 20,530
Levels on the chart:- Trade safe
Live update @ 2:30 PM 2nd June'20 Low-Risk Persons:- Stop Loss of all long is 19,790
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Rest of my yesterday's analysis remains the same,
Moderate-Risk Positional SL for Long is now 19455.
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.
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BANKNIFTY - GO SHORT FOR A GREAT RRBANKNIFTY - GO SHORT @ CMP WITH A SL OF 20130 AND A TARGET OF 17300. IN CASE 17100 IS BREACHED, BANKNIFTY CAN GO ALL THE WAY TO 12200
Bank Nifty Trading Strategy for 1st June'2020.SL for all long is 18,732 for intraday and weekly positional long is 18,400.
Trendline breakout trade is above 19,455, don't be short.
You have the support & resistance zone defined in the chart.
Decision Range is 19,105-19,357, above +ve and below -ve.
BANK NIFTY FOR NEXT WEEKAs we can see NIFTY BANK looking weak ....so for next week if NIFTY BANK break 16970 level then we go short for the target of 16560 and 16130 .... If NIFTY BANK close blow that level on daily chart then next target is 15219 AND 149614.
On the long side if bank nifty close above 18270 on daily chart then we go long for the target of 18740 and 18980.
#COLPAL #COLGATE #FMCG #NSE #NIFTY #BANKNIFTY #COVID19 #INDIACMP 1295.25
TGT 1340
Short Term 1 Wk
Trend Reversal
Stop Loss 1283
Axis Bank What do next After Heavy rally ?Hello Guys, That's My first Analysis On-axis Bank Please gives like And support my ideas
How are you doing nowadays If you are still not making profit then contact Me,
As you can be seen In chart Its Gives breakout bt Not done retest and now currently Moving below Excess Price I am looking for short in axis bank for target 470-450
Thanks
Bank Nifty Trading Strategy for 29th May'2020.If I totally go up price action on Bank Nifty, there is two b2b breakout levels crossed and held (18,200 & 19,000).
As per the current breakout the target on the upside is 20,785 to 20,820.
One thing that is worried, BN moved 8% yesterday on account of some 1.5 L package to Banking Sector rumors.
If the pattern has to fail, the first signal will be BN trading below 18,828 and final confirmation below 18,400 levels.
I will wait for 19,550 levels to be crossed and held for fresh long, else will remain neutral and will bet of breakout fails if it happened.
Decision Range above +ve and below -ve.
Imp Retracement levels.
0% (b) 21,967
23.6% 20,819.568
38.2% 20,109.716
50% 19,536
61.8% 18,962.284
76.4% 18,252.432
100% (a) 17,105
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Again due to storm and power cut, I was unable to post expiry analysis.
Bank Nifty Intraday & Expiry Day Trade Setup for 28th may 2020Good Morning all,
We had seen an awesome move in Yesterday Trading session because for the rumor that Government is going to announce 1.5 lac crore relief package for Banking sectors. Well time will be tell that this news is a rumor or a real news. Nut one this is confirmed that yesterday really was based on sentiment not on the technical analysis. Bounce is accepted from the support but not kind of this. Now questions is what will be happen on today trading session. let's start
Technical View
======================
I do not trust on yesterday run also Index is trading on their resistance zone. Might be we see a sideways move in today trading session.
Resistance : Bank Nifty Intraday Resistance zone is 18,800 to 19,000/
Support : Intraday support is on 18,100 to 18,200
Trade setup
=================
Long Position can build above on resistance which is 19,000
Short Position can build lower then 18,400
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 the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
