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Bankniftylevels

Bank nifty viewNSE:BANKNIFTY has pulled back by about 1000 points with in a span of seven days. Now reached level where earlier a lot of buying interest was witnessed (Watch it in the chart marked with rectangle box). One interesting point to note in this pullback is that even though there were range expansion of candles volume expansion is missing altogether. See the chart. Also look carefully in the chart and see that in the past whenever price pulled back with low volume the expansion to the upper range was quick. So the two important points to note that. 1) Price is in the zone where in the past lot buying interest was witnessed with heavy volume. 2) The current pullback has no volume back up. The last days volume was almost negligible. Good Luck
NSE:BANKNIFTY
by Vasu_devan
1
BANKNIFTY: Preparing for Big MOVE? 28th Feb : BANKNIFTY trading in triangle pattern on daily chart , currently reversing from support zone . It didn't break low of Doji candle since 2 days so its good support for me. 5th Mar: last time shared that low of Doji candle is good support and market respected levels and now Bank nifty is near Resistance. from here i am expecting one swing next week to prepare big move ahead. Lets follow Prices action Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing First Learn and then remove "L".
NSE:BANKNIFTYLong
by ChartsSpecialist
BANKNIFTY : triangle patternBANKNIFTY trading in triangle pattern on daily chart, currently reversing from support zone. It didn't break low of Doji candle since 2 days so its good support for me. You can trade as per your view on market. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing First Learn and then remove "L". Sorry was not able to post since long time as i was operated due to some health issues. I will try to start post on regular basis again
NSE:BANKNIFTYLong
by ChartsSpecialist