24 JAN 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap up
After A gap up opening if Banknifty sustains Above 45300 and takes Support from 45300 then open target for T1-45400, T2-45600,T3-45800
If the Banknifty gap up opening sustains Below 45200 and takes resistance below 45200 then the open Targets for T1-45000, T2-44900,T3-44800
Major Levels 45200,45000,45300
If the market stands in this area of 45000 to 45200 then it is possible that even today the market will remain in the range.
Bankniftylevels
[INTRADAY] #BANKNIFTY PE & CE Levels(23/01/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 46050 level then possible upside rally of 400-500 points upto 46450 level & this rally can extend another 400 points if market gives breakout 46550 level.Any Major downside only expected in case banknifty starts trading below 45950 level.
23 JAN 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap up
After A gap up opening if Banknifty sustains Above 46200 and takes Support from 46200 then open target for T1-46400, T2-46600,T3-46800
If the Banknifty gap up opening sustains Below 46200 and takes resistance below 46200 then the open Targets for T1-46000, T2-45900,T3-45800
Major Levels 46200,46000,46400
If the market stands in this area of 46400 to 46200 then it is possible that even today the market will remain in the range.
[INTRADAY] #BANKNIFTY PE & CE Levels(19/01/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 45550 level then possible upside rally of 400-500 points upto 45950 level & this rally can extend another 400 points if market gives breakout 46050 level.Any Major downside only expected in case banknifty starts trading below 45450 level.
BANKNIFTY--Head & Shoulders Pattern??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
If price breaks the support, we have a chance of filling the bullish gap, soo keep in shortside until it touches bullish gap and keep in short side until price is below right shoulder,if opens GapDown look for short when it comes back to right shoulder.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
[INTRADAY] #BANKNIFTY PE & CE Levels(17/01/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 47950 level then possible downside rally of 400-500 points upto 47550 Level in todays session.Any Major upside only expected in case banknifty starts trading above 48050 level to 48450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(16/01/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 47950 level then possible downside rally of 400-500 points upto 47550 Level in todays session.Any Major upside only expected in case banknifty starts trading above 48050 level & this rally can extend another 400 points if market gives breakout 48550 level.
16 SEPT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap up
After A Gap-up opening if Banknifty sustains Above 48000 and takes Support from 48100 then open target for T1-48200, T2-48400,T3-48600
If the Banknifty Gap-up opening sustains Below 48000 and takes resistance below 48000 then the open Targets for T1-47800, T2-47700,T3-47600
Major Levels 48000,48200,47800
If the market stands in this area of 48000 to 48200, then it is possible that even today the market will remain in the range.
15 SEPT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap up
After A Gap-up opening if Banknifty sustains Above 47800 and takes Support from 47800 then open target for T1-48000, T2-48100,T3-48200
If the Banknifty Gap-up opening sustains Below 47500 and takes resistance below 47500 then the open Targets for T1-47400, T2-47300,T3-47200
Major Levels 47500,47600,48000
If the market stands in this area of 47800 to 48000, then it is possible that even today the market will remain in the range.
BANKNIFTY--Drop Base DropBanknifty is trading in a Bearish channel
Recently a strong Bearish is observed from 48000 levels.
Now price is approching the resistance,keep looking for short if price comes back to the same level.
Will become a drop base drop if fall happens.We have trendline liquidity as well.
Liquidity lies on both sides above 48000 and below 47000.
so careful here.Chance of clearing the liduidity on both sides.
12 SEPT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap up
After A Gap-up opening if Banknifty sustains Above 47500 and takes Support from 47600 then open target for T1-47800, T2-47900,T3-48000
If the Banknifty Gap-up opening sustains Below 47200 and takes resistance below 47000 then the open Targets for T1-46800, T2-46700,T3-46500
Major Levels 47500,47600,47200
If the market stands in this area of 47800 to 47600, then it is possible that even today the market will remain in the range.
BANKNIFTY--Head & Shoulders Pattern??Now price is likely to reversal.
If we see the chart price created a Head and Shoulders pattern.
we have a chance of consolidation at current price levels.
keep in short side until it clears the bottom side liquidity.
Go long again ,after a liquidity grab done below 47000 levels.
[INTRADAY] #BANKNIFTY PE & CE Levels(10/01/2024)Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 47450 level then possible downside rally of 400-500 points upto 47050 Level & this rally can extend another 400 points if market gives breakdown 46950 level in todays session.Any Major upside only expected in case banknifty starts trading above 47550 level.also possible reversal upside 47050 level.
10 JAN 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap down
After A gap down opening if Banknifty sustains Above 47200 and takes Support from 47200 then open target for T1-47300, T2-47400,T3-47600
If the Banknifty gap down opening sustains Below 47000 and takes resistance below 47000 then the open Targets for T1-46800, T2-46700,T3-46500
Major Levels 47000,47200,46800
If the market stands in this area of 47000 to 47200 then it is possible that even today the market will remain in the range.
BANKNIFTY--Consolidation or Bullish ??BANKNIFTY is rejected from the main channel and fall happens...
we have detected a break below the secondary channel as well.
If tomorrow price opens gap down or consolidation happens below 47400-47000 levels then liquidity will be clear on bottom side @47000 levels.
If tomorrow again opens up and we have a chance of continuation to upside for the retest of secondary channel and may fall back again.
Price is slowly creating a down ward channel, keep safe from these levels.
Rarely, If consolidation happens above the secondary channel then it will again test ATH levels..
BANKNIFTY--Consolidation or Bearish??BANKNIFTY broken the bullish channel downside,
if tomorrow price opens gap up or bullish, keep looking for short side.
if price comes back to 48400 levels, look for short.
Lot of liquidity is lies below 47000 levels...
this time price clears the liquidity on bottom side and then tries to be bullish again.
wait until it comes to these levels and observe a rejection from the channel...
careful before going long..
If we observe again a consolidation on topside...another bullishness is going to observe soon.
Symmetrical Triangle breakdown in BankniftyBANKNIFTY Index
Key highlights: 💡⚡
✅On 15 Min Time Frame Stock Showing Breakdown of Symmetrical Triangle Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 47000-.
✅Can Go short in this stock by placing a stop loss above 48200+.
5 JAN 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap up
After A gap up opening if Banknifty sustains Above 48400 and takes Support from 48400 then open target for T1-48500, T2-48600,T3-48700
If the Banknifty gap up opening sustains Below 48000 and takes resistance below 48000 then the open Targets for T1-47800, T2-47700,T3-47600
Major Levels 48000,48200,48400
If the market stands in this area of 48200 to 48400 then it is possible that even today the market will remain in the range.
BANKNIFTY: SYMMETRICAL WEDGENSE:BANKNIFTY has made Symmetrical wedge. After the fall in 15 mins chart on 2nd Jan 2024 NSE:BANKNIFTY
has formed symmetrical triangle where there is a possibility of breakout. I have given Target and stoploss and reasoning of the target on the chart itself. One should wait for the breakout to happen and then closing of candle above the breakout. If the breakout is in downside direction that is by breaking of upward sloping lower bound then the distance between low and high of the wedge will be the target but on the downside.