Symmetrical Triangle pattern breakout in BANKNIFTY BANKNIFTY INDEX
Key highlights: 💡⚡
✅On 15 Min Time Frame Banknifty index Showing Breakout of Symmetrical Triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 52865+.
✅Can Go Long in this Banknifty index by placing a stop loss below 51535-.
Bankniftyprediction
Nifty and Bank Nifty analysis for Monday, 22nd JulyNifty prediction for tomorrow, Monday, 22nd July
Bank Nifty Prediction for tomorrow, Monday, 22nd July
Nifty analysis for tomorrow, Monday, 22nd July
Bank Nifty analysis for for tomorrow, Monday, 22nd July
#nifty #niftyprediction #niftyanalysis #banknifty #bankniftyprediction #bankniftytomorrow
Nifty analysis and trade plan for tomorrow, Friday, 19th JulyIn daily time frame Nifty is in an uptrend, and may expect a continuation in the same trend, and we may enter into bullish trade after Nifty crossing 24840 level. 24910, 24017 and 25159 will be the resistance levels. Reversal is possible form 25017 and 25159 level, and may plan for bearish trades at those levels, with a price action only.
Will go for bearish trade only below 24672 level, with initial target at 24578, 24508 and 24416 level. Reversal is possible from 24578 and 24508 levels, with price action in 5 minute time frame, may plan for bullish trade.
*This analysis is most effective up to 12:30/1 PM tomorrow*
*Personal opinion, not a trade advice*
*Support and resistance levels are based on Fibonacci*
Banknifty Intraday (09-Jul-2024)Description: Join us for intraday trading analysis on BANKNIFTY. We've marked significant buy and sell targets based on the latest price movements and EMA trends.
Buy Signal: If BANKNIFTY breaks above 52,700, consider going long with a target of 53,200+. This is indicated by the potential support break and bullish momentum.
Sell Signal: Alternatively, a move below 52,275 could signal a selling opportunity, aiming for a target just below 52,000.
Chart Details:
-Time Frame: 15 minutes
-Indicator: 20-period Exponential Moving Average (EMA)
Trading Strategy:
The strategy revolves around the key psychological levels marked on the chart. We recommend setting tight stop-loss orders to manage risk effectively.
Disclaimer: Trading involves risk and is not suitable for all investors. Please perform your own due diligence before making any trading decisions.
Banknifty Intraday (02-Jul-2024)An intraday trading chart for the Bank Nifty Index dated July 2nd, captured in 15-minute intervals. Here are the specific elements depicted in the chart:
Candlestick Format: The chart uses candlestick bars to display price movements within each 15-minute period, indicating the open, high, low, and close prices.
Exponential Moving Average (EMA): There is a blue line representing the 20-period EMA, which helps in identifying the trend's direction and acts as a dynamic level of support and resistance.
Trading Signals:
-Buy Signal: Marked by a green arrow, it suggests buying if the Bank Nifty exceeds 52,700, with a potential target of 53,000 or higher.
-Sell Signal: Indicated by a red arrow, recommending selling if the index falls below 52,400, aiming for a target of around 52,100.
Technical Analysis Overview: The chart details the intraday price action of the Bank Nifty index, illustrating a momentary downward trend followed by a recovery that aligns with the 20-period EMA. Trading suggestions are based on breaks from significant price levels denoted by the dashed lines, likely serving as psychological barriers or pivot points.
BankNifty Levels For 01/07/24According to the research i've done, market is most likely to open upside and go up as market has the support of supertrend along with RSI under 20, but in other situations If it comes downside It will have to suffer through a great support of level 51950 - 52000, if it breaks down this support it can go further downside. The other scenario can be that the market touches 53200 and comes back downisde, with the highest chances of happening, in the last scenario it can break through 53200 and go further upside till 53500 or even 54000. Hope It Helps :)
1 JULY 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSGood Morning everyone,
According to the data today market is going to open gap down
Focus to buy above 52000 if sustain above 52000 focus for reversal
After A gap down opening if Banknifty sustains Above 52000 and takes Support from 52000 then open target for T1-52200, T2-52300,T3-52500
If the Banknifty gap down opening sustains Below 51900 and takes resistance below 51900 then the open Targets for T1-51800, T2-51700,T3-51500
Major Levels 52200,51900,52400
If the market stands in this area of 52000 to 51900 then it is possible that even today the market will remain in the range.
25 JUN 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap down
After A gap down opening if BankNifty sustains Above 51200 and takes Support from 51200 then open target for T1-51400, T2-51500,T3-51600
If the BankNifty gap down opening sustains Below 51200 and takes resistance below 51200 then the open Targets for T1-51100, T2-51000,T3-50900
Major Levels 51500,51600,51700
If the market stands in this area of 51400 to 51600, then it is possible that even today the market will remain in the range.
Nifty & banknifty June & July 2024Both nifty and banknifty are making a hanging man pattern on weekly chart, which is indicating a caution ahead in the market as the general budget will also be presented in July month . Be ready for the corrective declines and cash to get new holdings and exit from weak fundamental and oversold category stocks.
21 JUN 2024 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 51500 and takes Support from 51500 then open target for T1-51600, T2-51700,T3-51900
If the BankNifty gap up opening sustains Below 51500 and takes resistance below 51500 then the open Targets for T1-51300, T2-51200,T3-51000
Major Levels 51500,51400,51600
If the market stands in this area of 51500 to 51800, then it is possible that even today the market will remain in the range.
20 JUN 2024 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 51000 and takes Support from 51000 then open target for T1-51200, T2-51400,T3-51500
If the Banknifty gap up opening sustains Below 51000 and takes resistance below 51000 then the open Targets for T1-50800, T2-50700,T3-50600
Major Levels 51000,51200,50800
If the market stands in this area of 51000 to 50800, then it is possible that even today the market will remain in the range.
19 JUNE 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap up
Focus to buy above 50200 if sustain above 50100 focus for short selling
After A gap up opening if Banknifty sustains Above 50200 and takes Support from 50200 then open target for T1-50400, T2-50500,T3-50700
If the Banknifty gap up opening sustains Below 50200 and takes resistance below 50200 then the open Targets for T1-49900, T2-49800,T3-49700
Major Levels 50200,50300,50100
If the market stands in this area of 50000 to 50200 then it is possible that even today the market will remain in the range.