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Bankniftyprediction

Reversal Rising Wedge pattern in Banknifty indexBANKNIFTY INDEX Key highlights: 💡⚡ 📈 On 1 Hour Time Frame Banknifty Index Showing Reversal of Rising Wedge Pattern. 📈 It can give movement upto the Reversal Final target of Above 48400+. 📈 There have chances of breakout of Resistance level too. 📈 After breakout of Resistance level this Banknifty index can gives strong upside rally upto Above 50670+. 📈 Can Go Long in this Banknifty index by placing a stop loss Below 45720-.
NSE:BANKNIFTY
by TradZoo
BANKNIFTY--S/R Levels??I am sharing the important levels of Support and Resistance. These levels plays 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. 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. ------------------------------------------------------------------------------------------------------------ keep in long side as long as price is above the trendline. will go for short once price breaks and retest of trendline.
NSE:BANKNIFTY
by IIT-Trader
2
BANKNIFTY--Rally Base Rally or Reversal??A strong bullish momentum is observed from double bottom levels, now price is near to the previous strong resistance area, if these resistances acts as support then only will see an upside momentum...if they failed to push, it will continue its momentum towards below levels... CASE 1:: Rally Base Rally If it is a rally base rally price will take the support of 45600 levels...and it will continue to move upside above 47600 levels. keep an eye on trendline, if breaks will look for long on retracement. Case 2:: Reversal If we observe a consolidation on bottom side @ double bottom levels.. it will go down and reversal may happens from 44000 levels...
NSE:BANKNIFTY
by IIT-Trader
5
27 FEB 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 46500 and takes Support from 46500 then open target for T1-46700, T2-46800,T3-47000 If the Banknifty gap down opening sustains Below 46400 and takes resistance below 46400 then the open Targets for T1-46300, T2-46200,T3-46000 Major Levels 46500,46400,46700 If the market stands in this area of 46400 to 46600 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
26 FEB 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open flat After A gap flat opening if Banknifty sustains Above 47200 and takes Support from 47200 then open target for T1-47300, T2-47400,T3-47600 If the Banknifty flat opening sustains Below 46800 and takes resistance below 46800 then the open Targets for T1-46700, T2-46600,T3-46500 Major Levels 47000,46800,46500 If the market stands in this area of 47000 to 46800 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Case1 or Case2??BANKNIFTY Index is showing bearish pressure after the liquidity grab above 47200 levels, tomorrow we have a chance of price trading in a channel and likely to test the demand zones at 46500 levels... these two possible cases may happens :: Case1::Rally base Rally A strong rise is observed from the demand zone at 46500 levels, by creating a bearish channel price may test this demand and again be bullish. on topside if rally base rally happens the next resistance is 47600-47700. So take care of your trades. Case 2:: Rally Base Reversal On topside we have a triple top, which is a strong resistance so, we can expect a break below the the demand zone and it will continue its movement towards bottom side. Look for buy if the price grabs the liquidity on below the demand zones and keep in long side from demand zones.
NSE:BANKNIFTY
by IIT-Trader
12
BANKNIFTY--Inverse Head & Shoulders??Banknifty Index created a inverse Head and Shoulders pattern... price broken the neckline strongly...and retested. on topside clearly resistance is at 46200 and 46500-46550 levels... keep in long side until price is above the neckline... no short side until price breaks the below ...after breaks below the neckline will think of short side for liquidity grab below support levels. If price gives an elimination move below 45500 levels... look for long side...up to the resistance levels.
NSE:BANKNIFTY
by IIT-Trader
1
BANKNIFTY--Double Bottom??BANKNIFTY index is now at support levels..... previously a strong bullish move is observed from this levels.... Price is now at the same strong support...a lot of liquidity is lies below this levels... on topside price is rejected by the trendline multiple times... so we have a trendline liquidity as well on topside.... Wait for the bullish turn from this levels...or after completion of the liquidity below these levels... as of now we have a chance of double bottom...keep in long side from this support levels. Safe traders wait for the price to break the trendline and retracement to enter long... this is the only short cut way to reach the 47200 levels.... those who miss the previous opportunity this is the time to look for buying... ------------------------------------------------------------------------------------------------
NSE:BANKNIFTYLong
by IIT-Trader
1
BANKNIFTY-- Liquidity@47200??BANKNIFTY INDEX is taken the support from the support level and neckline is failed to push the price downwards... --->>price failed to grab the liquidity on bottom side, results in bullish entry is placed after it is failed. ------->>so wait for the price to consolidate between the Head and Right shoulder to move upside to test the resistances at 47200 and a liquidity grab above these levels... Keep in long side as long as price is above 46200 levels, which is right shoulder. ----------------------------- now price is near to trendline... if opens up chance of moving upside is possible in this case... keep in short side aslongas price is below the trendline and Right shoulder.
NSE:BANKNIFTY
by IIT-Trader
1
12 FEB 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 46100 and takes Support from 46200 then open target for T1-46300, T2-46400,T3-46500 If the Banknifty gap up opening sustains Below 46000 and takes resistance below 46000 then the open Targets for T1-45800, T2-45700,T3-45500 Major Levels 46000,46200,45800 If the market stands in this area of 46000 to 46200 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Liquidity or Bullish??Bank Nifty index is showing bearish pressure from the right shoulder... a strong fall is noticed when neckline is rejected... Now price is near to its demand zones... A lot of liquidity is below the support levels... After the liquidity grab price chances of moving is more. on the topside, we have trendline....in order to reach the higher levels price has to break the trendline and retest...so keep in the bearish side as long as price is below the trendline... It might be in consolidation zone below trendline and above support zones. keep safe from these zones.
NSE:BANKNIFTY
by IIT-Trader
3