BNF V top pattern .. Reverse signalBNF 54664 has given V top pattern which is a reverse signal has support at 53634. We expect it would get broken and BNF will drop to 49000.
BANKNIFTY trade ideas
[INTRADAY] #BANKNIFTY PE & CE Levels(29/04/2025)Today will be slightly gap up opening expected in banknifty. After opening if banknifty starts trading and sustain above 55550 level then expected further upside rally upto 55950+ level in today's session. 55050-55450 zone will be consolidation for banknifty. Any major downside only expected below 54950 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(05/05/2025)Today will be gap up opening in banknifty. After opening if banknifty sustain above 55050 level then upside movement upto 55450+ level expected and this can be extend for further 400-500+ points in case banknifty starts trading above 55550 level. Any major downside only expected below 54950 level.
Bank Nifty Breakout 56100 or breakdown 54250 .. what next !!Bank Nifty Technical Outlook:
Bank Nifty is currently forming a lower high and higher low pattern, indicating a symmetrical triangle formation. The trading range is getting increasingly narrower, suggesting that a decisive breakout is imminent on either side.
Downside Scenario:
If Bank Nifty breaks down below 54,200, we could see a retracement towards the 52,930 – 52,300 levels, where multiple virgin CPRs (Central Pivot Ranges) are present, potentially acting as support zones.
Traders should closely monitor price action near the current range boundaries for confirmation of direction.
[INTRADAY] #BANKNIFTY PE & CE Levels(02/05/2025)Today will be gap up opening expected in banknifty. 55050-55450 zone will be consolidation for banknifty. 55450-55550 zone will act as a strong resistance for today's session. After opening if banknifty gives breakout and starts trading above 55550 level then expected strong upside rally upto 55950+ level in today's session. Any major downside only expected below 54950 level.
One kick towards 54250Bank Nifty Technical Outlook – 30th April
On 30th April, Bank Nifty continued to trade with a higher low, maintaining its recent structure of higher highs and higher lows. This indicates short-term strength; however, caution is warranted.
Despite the bullish structure, any adverse geopolitical event—such as developments involving PoK or Pakistan—could act as a strong negative trigger. In such a scenario, Bank Nifty may reverse sharply and head towards the downside gap zones around 54,250, 53,700, and potentially 52,300.
The broader trend remains vulnerable to news-driven volatility. Monitoring price action near key support zones is crucial.
#banknfity #niftybank #nifty50 #nifty
BankNifty levels - May 02, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
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BankNifty levels - Apr 30, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
[INTRADAY] #BANKNIFTY PE & CE Levels(28/04/2025)Today will be gap up opening expected in banknifty. Expected opening near 54950 level. After opening it will face immediate resistance at this level and possible downside movement in index. Downside 54450-54550 zone will act as a support for today's session. After breakdown of this support zone can lead banknifty further downside upto 54050 level in today's session. Any strong bullish side rally only expected if banknifty starts trading and sustain above 55050 level.
Bank Nifty - Updated for Next Weekly LevelsCurrent Price: 54664.05
Mid-Point: 54763.5
Upside: 56369.50, 57111.7, 57992.27 and 58872.85
Downside: 53160.43, 52415.3, 51534.72 and 50654.15
Bank nifty Fibonacci support at 50-61%Bank Nifty formed a double top around the 56,000 mark in the morning session and did not retest that level throughout the trading day.
In fact, it made a lower high and closed near a strong support zone around 55,300. With the market holiday on May 1st and upcoming news flow, charts suggest a possible further correction towards the 54,500–54,580 range.
BankNifty.. 'M' Pattern BNF 55087 has given M Pattern in daily charts with neckline at 54610. Breakdown will take to Target 51710.
BankNifty levels - May 05, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
BankNifty levels - Apr 29, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
Nifty Bank - 4000 Points Move Expecting 4000 Points Move - It could be either up or down and the calculation based on the volatality only. The level mentioned here are purely for study purpose only.
[INTRADAY] #BANKNIFTY PE & CE Levels(25/04/2025)Today will be gap up opening expected in index near 55500 level. After opening if banknifty starts trading above 55550 level then expected upside rally of 400-500+ points in opening session. This upside rally can extends for further upto 56450+ level in case banknifty gives breakout of 56050 level. Any downside only expected below 55450 level. Downside 55050 level will act as a important support for today's session.
[INTRADAY] #BANKNIFTY PE & CE Levels(24/04/2025)Today will be slightly gap down opening expected in index. After opening 55050 level will act as a strong support for today's session. Expected reversal from this level. Upside above 55550 level there will be strong bullish rally expected upto 55950+ level in today's session. Any major downside only expected below 55000 level.
BankNifty levels - Apr 28, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
BANK NIFTY | SHORT | SWINGBANK NIFTY seems to now be in overbought zone.
Price is struggling to form new High and today morning there was a big sell off.
There is also a H&S pattern formation visible on the 15 chart.
Basis these, I have taken a short position for a Target to the 200 MA of the 15 min.
This is a Mean Reversion trade as I feel that the BN is overstretched and a snap back is imminent.
[INTRADAY] #BANKNIFTY PE & CE Levels(23/04/2025)Today will be gap up opening expected in index near 55950 level. After opening expected banknifty will trade in between level of 55550 to 55950 zone in starting session. Strong upside rally expected if banknifty gives breakout of 56000 level and starts trading above 56050. This upside rally can goes upto 56450+ level in today's session. Any major downside only expected below 55450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(22/04/2025)Today will be flat or slightly gap up opening expected in banknifty. After opening it will face immediate resistance at 55450 level. If banknifty gives breakout of this resistance zone and starts trading above 55550 level then expected strong bullish rally towards the 55950+ level in today's session. Downside 55050 will act as an important support level for banknifty.
ew from tare level - 2020 low - bn - possibilityEliott wave count from covid swing lows banknifty looks to hit the projected ew5 target.
final target may exceed or fall short wrt political developments and eta
BNF 55304 Trend directionBNF 55304 Has breakout from round top pattern and is moving to its technical target of 56239. As FII's have started winding up contracts and profit booking we expect BNF will be moved to its technical target before reversing
