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Bankniftyprediction

7 AUGUST 2023 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 sustain Above 45000 and taking Support from 45000 then open target for T1-45200,T2-45400,T3-45500 If the Banknifty Gap-up opening sustain Below 45000 and taking resistance below 45000 then the open Targets for T1-44800,T2-44600,T3-43400 Major Levels 45000,44800,45200 If the market stande in this area of 45200 to 44800, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
3
BANKNIFTY--44500 is Support or Resistance ??Bank nifty index a continuous fall is observed from the break of major trendline without retest. price broken the demand @44800 and 44600 levels, the previous resistance is also failed to push the price up, so a strong fall is observed below 44500. Price is now exactly closed @ 44500 level, which is a strong fall area previous. if this again pushes the price down will observe a continuous fall to bottom levels @43800 levels. if the same resistance acts as support, price is again be bullish. tomorrow move will decide to go further lower or higher. until keep in watch mode. I will do one more post on buy side setup... I cannot mix both intraday and swing setup in a single post. Thanks for your support and Encouragement guys. stay tuned for more updates....
NSE:BANKNIFTY
by IIT-Trader
66
4 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open Flat After A Flat opening if Banknifty sustain Above 44500 and taking Support from 44500 then open target for T1-44700,T2-44900,T3-45100 If the Banknifty Flat opening sustain Below 44300 and taking resistance below 44300 then the open Targets for T1-44200,T2-44100,T3-43900 Major Levels 44500,44300,44600 If the market stande in this area of 44500 to 44300, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Which is Support,Demand or Resistance ??The neckline broken strongly... the trendline broken strongly.... Price opens gap down and moved to down side drastically. Now we have 2 options, where to look for short again. 1. Neckline or 2. Trendline. So in order to reach these 2 points, price has to reversal, so from which zone we can expect a reversal. If we see on bottom side, today price has taken the support from 44800 level, and price is exactly closed in a strong fall area 45100. If tomorrow again opens a gap down and continuously fall, and breaks 44800 level we have to look at 2 places for buy, one is 44600 level and another one previous strong resistance may acts as support 44500 and pushes the price upwards. price closed at 45100 previously it is a strong supply, so on continuous move it pushes the price more towards downside. If price reaches any of these 2 places look for buy, Look for sell @neckline or trendline. No retest is observed in this places. Note:: Price may break the trendline or Neckline and moves upwards again to reach the ATH. So careful here.
NSE:BANKNIFTY
by IIT-Trader
23
BANKNIFTY--Hidden Head & Shoulders Pattern??A pattern(Head and Shoulders) inside an another pattern of (Head and Shoulders) in Higher time frame.... If the Trendline or Neckline on the inside pattern of Head and Shoulders acts as resistance, there will be an one more fall happens in Bank nifty. which is more dangerous than this one. Keep watch these internal levels and external levels....they will acts as support and resistance. keep look at these levels.... Happy Trading guys.... Note:: I am not available for the next 1 or 2 weeks.... Thank you guys for your support and Encouragement. will be back soon...
NSE:BANKNIFTY
by IIT-Trader
1
3 AUGUST 2023 BANKNIFTY EXPIRY DAY 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 sustain Above 45000 and taking Support from 45100 then open target for T1-45200,T2-45300,T3-43500 If the Banknifty Gap-Down opening sustain Below 44700 and taking resistance below 44700 then the open Targets for T1-44600,T2-44500,T3-44300 Major Levels 45000,45100,44800 If the market stande in this area of 45000 to 44700, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Inside Candle + Upside = Fall ??After Showing strong Bullish Pressure towards new ATH, price showing strong bearish pressure. price also forms a inside candle, and yesterday shows a strong bullish momentum again. if this bullish momentum sustains...or falls again. Considering that inside candle as consolidation at Previous ATH levels, and shows us a bullish momentum, so if we consider this as Bearish Pressure + Consolidation + Upside = Great fall. if we observe after breaking the trendline no retest is observed in higher timeframes, a strong bullish move is observed from 44700-44750 levels. if price failed to take the help of previous HH, and bottom side Demand fails, we can expect a strong fall. Will see what happens in live market... Thanks for your support.
NSE:BANKNIFTY
by IIT-Trader
4
BANKNIFTY--Drop Base Drop ??Price broken the trendline and retested, we will enter in short side...Our target gets hit. price again on the other side broken the trendline and we enter in long side.. our stop loss hits. now price is near to the major trendline break... in bigger time frame price broken bullish channel... and in smaller time frames...it is again in channel... so tomorrow if price again reversed from the major trendline, looks for buyside... Price is without touching the resistance showing bearishness, to trap the early sellers. now we have to observe price will again bullish from drop base drop... so will see what happens in the next session.
NSE:BANKNIFTY
by IIT-Trader
25
BANKNIFTY--@Major Trendline Break ??Bank nifty index is again taking the support from the trendline and showing bullish pressure.. now the price is near its previous strong fall area. If this area pushes the price downwards price is again fall. If price breaks the trendline we have a strong support in the bottom side @44800... that will again push the price upside... So Until price breaks the trendline keep on buy side... will be on short side...if price breaks and retest the trendline. Will see in the next session what happens...
NSE:BANKNIFTY
by IIT-Trader
10
2 AUGUST 2023 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 sustain Above 45600 and taking Support from 45600 then open target for T1-45800,T2-46000,T3-46200 If the Banknifty Gap-Down opening sustain Below 45500 and taking resistance below 45500 then the open Targets for T1-45300,T2-45200,T3-45000 Major Levels 45500,45400,45600 If the market stande in this area of 45800 to 45500, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY-- Double Top Formed??Bank nifty Index has formed a double top price has formed a double top, with a break of demand and price is retraced back to fall again. If price wants to fall from strong resistance area, tomorrow price will again test the strong resistance at 45900 level.keep on buyside until this area. we have a bearish Gap and Strong resistance. Until price fills these we can't be on bearish side... we have a trendline confirmation as well...price has taken the support from trendline multiple times, until price breaks the trendline and retest don't go for short side...
NSE:BANKNIFTY
by IIT-Trader
30
1 AUGUST 2023 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 sustain Above 45400 and taking Support from 45500 then open target for T1-45800,T2-46000,T3-46200 If the Banknifty Gap-Down opening sustain Below 45500 and taking resistance below 45500 then the open Targets for T1-45300,T2-45200,T3-45000 Major Levels 45500,45400,45000 If the market stande in this area of 46000 to 45800, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Retracement or Fall ??Price broken the strong demand zone by opening gapdown, and starts consolidation immediately...at the end it tested the demand again. price exactly closed by testing the demand zone, if price wants to fall continuously, tomorrow again it opens down and fall to below levels. if price wants to give some retracement, it will again test the previous ATH level... where previously strong fall happens.... If tomorrow price opens below levels, will look for long in this place... previously multiple times price got rejected from this level. may acts as support....keep track this levels.... Today we will not get any entries on any side...it is in consolidation range, till the end. will see in the next session what happens.
NSE:BANKNIFTY
by IIT-Trader
35
BANKNIFTY--Which Breaks Demand or ATH ??Today's observations:: Price rapidly falls from the 46300 levels. Price may again test the ATH, so don't go for short immediately. based on the opening will again look for buy or short. Key level to watch is previous ATH, that is the level that can push price up or lower. On bottom side, Price is again taken the support from demand zone...until demand breaks no Short again... fake breakdown may also happen at demand zone careful here... this is a strong area of value and demand zone.. that can't break easily.... will see what happens in the next session.
NSE:BANKNIFTY
by IIT-Trader
16
28 JULY 2023 EXPIRY DAY 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 sustain Above 46000 and taking Support from 46000 then open target for T1-46200,T2-46300,T3-46500 If the Banknifty Gap-Up opening sustain Below 45700 and taking resistance below 45700 then the open Targets for T1-45600,T2-45500,T3-45400 Major Levels 46000,46200,45800 If the market stande in this area of 46000 to 45800, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTYLong
by mr_bull10
BANKNIFTY-- @Triangle Breakout Level??If we look at the chart price breaking the trendline and moving super bullish... after breaking the trendline price moving like a rocket. Today after breaking the trendline price is not moving much points.... it's slowly moving to the upside.. Case 1:: What happens if price not able to move upside:: If tomorrow price opens gap up and it has to move upside, if its bullish again. Case2 :: If price opens gap down its clearly indicating bearish sign. sellers will immediately take the price downwards...so no more bullishness in the market. consider end of bullishness. If tomorrow price falls below the trendline again... we will wait for the perfect place to enter for short again. by keeping the stop loss above the previous strong fall high. targets up to the Demand and bullish gap point only. If price breaks the 45600 level, we will notice a strong fall happens up to 45200 area where there is more liquidity, to eliminate all the buy orders. After a strong fall from the area 46100 level, today again price comes back to the same level.. To test the supply zone price is moving in a bullish channel... so until price breaks this and retest will not go for short side.... Note :: some times price opens up or down and fills the gap and continue fall or rise again...so be cautious in such cases. will see what happens in the next session. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered.
NSE:BANKNIFTY
by IIT-Trader
43
27 JULY 2023 EXPIRY DAY 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 sustain Above 46300 and taking Support from 46300 then open target for T1-46500,T2-46700,T3-46800 If the Banknifty Gap-Up opening sustain Below 46000 and taking resistance below 46000 then the open Targets for T1-45800,T2-45600,T3-45500 Major Levels 46000,46200,46300 If the market stande in this area of 46000 to 46300, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10