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+.
Bankniftyprediction
[INTRADAY] #BANKNIFTY PE & CE Levels(08/01/2024) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 48050 level then possible upside rally of 400-500 points upto 48450 & this rally can extend another 400 points if market gives breakout 48550 level.Any Major downside only expected in case banknifty starts trading below 47950 level.Also Possible Reversal Downside 48450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(04/01/2024) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 47550 level then possible upside rally of 400-500 points upto 47950 & this rally can extend another 400 points if market gives breakout 48050 level.Any Major downside only expected in case banknifty starts trading below 47450 level. also possible reversal downside 47950 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(03/01/2024) 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.
[INTRADAY] #BANKNIFTY PE & CE Levels (02/01/2024) 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 todays session.Any Major upside only expected in case banknifty starts trading above 48050 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(01/01/2024) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 48450 level then possible downside rally of 400-500 points upto 48050 Level & this rally can extend another 400 points if market gives breakdown 47950 level in todays session. Any Major upside only expected in case banknifty starts trading above 48550 level. also possible reversal upside 48050 level.
01 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 48600 and takes Support from 48600 then open target for T1-48700, T2-48800,T3-49000
If the Banknifty gap up opening sustains Below 48100 and takes resistance below 48100 then the open Targets for T1-48000, T2-47900,T3-47700
Major Levels 48200,48400,48500
If the market stands in this area of 48200 to 48500 then it is possible that even today the market will remain in the range.
[INTRADAY] #BANKNIFTY PE & CE Levels(28/12/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 48550 level then possible upside rally of 400-500 points upto 48950 level & this rally can extend another 400 points if market gives breakout 49050 Level. Any Major downside only expected in case banknifty starts trading below 48450 level.
BankNifty should retrace into this Weekly Demand
Whenever the Price deviates up from the Moving Average, Price either falls to the EMA or the EMA moves up top the Price,
We here see a Fresh Weekly Demand formed which has exceeded the opposite Supply hence a Valid Demand.
Price has formed a Daily Supply which has exceeded its opposite Demand hence a Valid Source for a Downtrend,
This is the Supply to Demand Equilibrium Curve, showing the odds of long and short positions.
One can short after a downward confirmation in 30 mins/1H
[INTRADAY] #BANKNIFTY PE & CE Levels(18/12/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 48050 level then possible upside rally of 400-500 points upto 48450 Level & this rally can extend another 400 point if market gives breakout 48550 level. Any Major downside only expected in case banknifty starts trading below 47950 level. also possible Reversal Downside 48450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(15/12/2023) 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. Any Major upside only expected in case banknifty starts trading above 47550 level & this rally can extend another 400 points if market gives breakout 48050 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(14/12/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 47050 level then possible upside rally of 400-500 points upto 47450 Level & this rally can extend another 400 point if market gives breakout 47550 level. Any Major downside only expected in case banknifty starts trading below 46950 level.
14 DEC 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 sustains Above 47400 and takes Support from 47500 then open target for T1-47700, T2-47800,T3-48000
If the Banknifty flat opening sustains Below 47000 and takes resistance below 46800 then the open Targets for T1-46700, T2-46600,T3-46500
Major Levels 47000,47500,46800
If the market stands in this area of 47400 to 47200 then it is possible that even today the market will remain in the range.
12 DEC 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 sustains Above 47500 and takes Support from 47500 then open target for T1-47700, T2-47800,T3-48000
If the Banknifty flat opening sustains Below 47100 and takes resistance below 47000 then the open Targets for T1-46800, T2-46700,T3-46500
Major Levels 47000,47500,46800
If the market stands in this area of 47200 to 47000 then it is possible that even today the market will remain in the range.
11 DEC 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 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 46500 and takes resistance below 46500 then the open Targets for T1-46400, T2-46300,T3-46100
Major Levels 47000,47200,46800
If the market stands in this area of 47200 to 47000 then it is possible that even today the market will remain in the range.
Banknifty: Bullishness to continue?Bullish movement continues on tuesday as well for banks.
So what now?
Even though banknifty had an intraday retracement, but the index help up very well throughout the session.
We are expecting Banknifty to expire above 44500 for tomorrow expiry.
Aggressive players can aim for an exipry above 44700 but abovre 44500 is a conservative expiry target.
Simple and true to the basics as always