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Nsebanknifty

View on Nifty Bank for trading on 19th June 23Here I'm publishing my views on BANKNIFTY for next-day trading as per the closing of 16th June 23 This is Just an Idea based on chart analysis as per the data, you may disagree or agree... 1) If BANKNIFTY is trading between the range 43759 to 43908 then the day is for Option Seller only and all the Option Buyers are free for searching the opportunity based on breakout or breakdown 2) If BANKNIFTY opens above the range 43759 to 43908 and does not cross 44085 then Option Buyers wait for the breakout above 44085 and enter with an RSI above 65 confirmation in a 15M time frame, The possible resistance is already placed in a picture [ 44219 / 44344 / 44494 ] 3) If BANKNIFTY opens below the range 43759 - 43908 and does not close below 43633 then Option Buyers wait for the breakdown below 43633 and enter with an RSI below 35 confirmation in a 15M time frame, The possible supports is already placed in a picture [ 43397 / 43242 / 43077 ] This is only the view on BANKNIFTY not advice to play like, please trade with your own knowledge and strategies you follow... The analysis in this article is purely for Educational Purposes not for trade setup or advice to trade and based on my personal experience I'm just sharing my views on BANKNIFTY on this platform...
NSE:BANKNIFTY
by jaydeep984trivedi
1
IDFC First Bank - Price Action AnalysisThe trend started from jun 2022 still continuing with the bullish price action in Weekly TF. Although Its visible that price soon enters into supply zone and also generated Bearish Cypher Harmonic Pattern with level of .786 at price 60.70. Levels are already mentioned in to the chart. Any rejection on upper side leads price to 50- 52. so do accordingly. If you have other opinion, please share your comment below and like & follow for upcoming great analysis. Safe Trading ;)
NSE:IDFCFIRSTBLong
by vraj8597
BANK NIFTY Comprehensive Analysis Jan 2021Hi we have analyzed this INDEX and there 2 upcoming scenarios which are based on Price Action and Fibonacci projections. both the analysis are having Time forecast as we have analyzed the Target zones by the Fibonacci Time Base tool which is giving us the at most time span to achieve the forecasted TPs the two scenarios are as follow... 1. Long. as we can see the price as touched the 161.8% level (Extension Point), of the Fibonacci projection, and it is the sign of trend continuation or rally extension so we can target the 261.8% of the same projection (40000Rs), which is specified by TP line. 2.Short. as we know this instrument has reached its past ATH, and can be counted as over bought now so we can expect some retracement and correction in the price trend we can target some of its past Resistance areas which can now be counted as its presents support zones and our ultimate scenarios TPs. there 3 main zones which are having confluences with the Fibonacci retracement of same bullish wave, we have not drown the Fibonacci levels as they make the chart a bit befuddling. please comment your opinions about both the scenarios
NSE:BANKNIFTY
by BitonGroup