Live levels on chart:- Short once the assessing triangle breaks else be long, with 20650 as SL.
#BankNifty is trending in a low angular descending triangle, as current uptrend is not supported by volume, will try to open short at the higher range:- Use trend line to short (20850-20950), SL 20100, T 20,550,20350, below targets will be posted during market hours. If the short fails, we plan to enter long at 20100, SL 20850, T 21,500/21,800/21,300. Will post...
#Banknifty Setup on the chart:- Long only above the resistance zone i.e. above 20580, SL 20350, T 20650/750/850/+++ You can short here with SL of 20,580, T 20,350/250/20050/19900/19750.
NSE:BANKNIFTY BN H&S pattern got failed today due to the gap up. The price is narrowing down and BN is getting ready for a decisive move. Pivot Zone or No Trade Zone:- <20,094 - 20,048> Above is positive & below in short. Two types of traders are possible:- The analysis is done on a 1-hour time frame and the target might take 3 to 5 days. a) Long:- Long...
Head & Shoulder pattern formation in progress in the 1-hour chart. The pattern is null and void above, 20,335. As per the pattern, we sell below after 1-hour candles closed below 19,390. You can book peofit in green multiple zone (18,777-18,595 / 17,458-17681 & final at 17,165), with SL of 19,990. You should avoid any long in the market until BN crosses...
Bank Nifty struck ina range, Head & Shoulder formation seen on 5 min chart, wait for the structure to complete or collapse to take directional trade.
Three targets on charts with SL of today's low. Ghost feed to show projected price movement.
The price is near trend support lines if broken then short else be long-on BN
Levels on the chart:- Wait for breakout or breakdown to trade the levels. Live analysis to follow during market hours.
Inverted H&S breakout on 15 min chart, levels on the chart. The target of breakout is approx 20090, you can safely assume if 19900 is crosses then you see BN flying 200 points in couple of mins. The setup is negated if the GREEN trend line is violated. It's better to avoid trades in the yellow zone, once the price crosses the zone take the directional...
Bullish only above 21000, T 21450.
Bank Nifty:- 17th Apr'2020 status at 2:00 PM SL DAY HIGH.
Wait for price to get out of the triangle.
Support & Resistance on the chart, above pivot we are +ve and below -ve. Use the bigger triangle to trade, price doesn't seem to be moving out of the triangle.
BANKNIFTY:- 15th APR 1 Hour Exclusive Analysis for my followers
BankNifty is consolidating right now, we play the range in between red and green zones. We avoid trading in the yellow zone (pivot zone - indecision zone), below we short and above we long. Above 19,766 we see an upside of 20,893.
SELL BELOW 19380 with SL of 50 points.
Levels on chart:- Trade accordingly.