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Bankniftyprediction

BANKNIFTY--Drop base Drop or Bullish??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. Trade safe...Thank you guys for your support
NSE:BANKNIFTY
by IIT-Trader
1
06 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 45500 and takes Support from 45500 then open target for T1-45700, T2-45900,T3-46000 If the Banknifty gap down opening sustains Below 45500 and takes resistance below 45500 then the open Targets for T1-45300, T2-45200,T3-45000 Major Levels 45500,45700,45400 If the market stands in this area of 45400 to 45700 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Inverse Head & Sholuder??BANKNIFTY INDEX is created a Demand zone at 45450-45220 zone. If this zone again push the price upside, leads to creates an Right shoulder.. then will observe a inverse Head and shoulders will clearly seen if the same is happens from this demand zone. on topside(Neckline) at 46500-46700 zone is pushing the price downside, continuously. previous support is now acting as a resistance on the topside, as I already explained. so, now we have 2 possibilities:: Long:: Enter long when price comes to Demand Zone. (Or) If price consolidates between the neckline and old support level, then we have a chance of continuation upside. If price failed to create a right shoulder or demand zone fails to push the price upside, then we have short plan, when price consolidates between the head and Demand Zone. then a liquidity grab will be finished on bottom side and price is likely to test the strong demand zones at 43600 levels. will go for short side below demand zones...
NSE:BANKNIFTY
by IIT-Trader
2
BANKNIFTY--Initiation or Exhaustion??price is exactly closed near to the resistance zone... A strong bullishness is observed from the 45000 levels... today's bullishness is exhaustion tomorrow it is again bearish...If this is an initiation will grab the liquidity above 46800 levels...and will continue to move higher with consolidation to 47200 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. Trade safe...Thank you guys for your support
NSE:BANKNIFTY
by IIT-Trader
3
BankNifty // Reason of BounceBack and Further visionwww.tradingview.com BankNifty: As shown in chart here, BankNifty went into pullback after making its all time high and its new Supply zone, a few days back. It reached to its previously established price zone which was its old demand zone too. It is obvious that if any ticker goes into Demand zone, it can easily bounce back sooner or later. Same happens if any ticker goes into its old Supply zone, it can be pulled back. After touching the old Demand zone, it bounced back and reached to its old Supply Zone today. From here, there can be two possibilities : Either it can restore to its old demand zone which is in the range of 44000 or it may go to its New Supply zone which is in the range of 48000. One thing to notice, the RSI on Daily chart is turning bullish and touching the Neutral zone at 40 from its Bearish zone. Also, it has already crossed its signal line to upside. Lets see how the near events affects its journey.
NSE:BANKNIFTY
by Stox_Ware
BANKNIFTY--Breakout or Breakdown??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. Trade safe...Thank you guys for your support
NSE:BANKNIFTY
by IIT-Trader
4
30 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 45500 and takes Support from 45500 then open target for T1-45600, T2-45800,T3-46000 If the Banknifty gap up opening sustains Below 45500 and takes resistance below 45500 then the open Targets for T1-45300, T2-45200,T3-45000 Major Levels 45500,45700,45300 If the market stands in this area of 45500 to 45700 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
25 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 44800 and takes Support from 44800 then open target for T1-45200, T2-45300,T3-45500 If the Banknifty gap down opening sustains Below 44600 and takes resistance below 44600 then the open Targets for T1-44400, T2-44200,T3-44100 Major Levels 45000,45200,44800 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.
NSE:BANKNIFTY
by mr_bull10
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.
NSE:BANKNIFTY
by mr_bull10
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.
NSE:BANKNIFTY
by mr_bull10
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.
NSE:BANKNIFTY
by mr_bull10