Get started

Bankniftytrading

Bank nifty viewNSE:BANKNIFTY has pulled back by about 1000 points with in a span of seven days. Now reached level where earlier a lot of buying interest was witnessed (Watch it in the chart marked with rectangle box). One interesting point to note in this pullback is that even though there were range expansion of candles volume expansion is missing altogether. See the chart. Also look carefully in the chart and see that in the past whenever price pulled back with low volume the expansion to the upper range was quick. So the two important points to note that. 1) Price is in the zone where in the past lot buying interest was witnessed with heavy volume. 2) The current pullback has no volume back up. The last days volume was almost negligible. Good Luck
NSE:BANKNIFTY
by Vasu_devan
1
bull run in major index still intact Bank nifty bull run is still intact digesting all bad news in the month of feb in indian markets about adani and more nifty and banknifty has held major supoorts and bounced from right levels pure bullish above 42830/42850 levels in spot 40450 area now becomes major support area not expecting any big move on any side however at this time but i think markets are building strength for the next upmove however at these kind of times major support levels will be tested and base building is being done many bad news have been digested at higher levels i am buyer till 40000 is holding and will add above 42850 levels big sharp move on up side is possibility i believe there is a 25% chance that previous will break once majority people get bored in the markets and markets will give chance to buy with sharp up moves however if banknifty trades above 42850 cash levels u can expect that to happen till then wait
NSE:BANKNIFTY
by Tradegainer
BANKNIFTY: Preparing for Big MOVE? 28th Feb : BANKNIFTY trading in triangle pattern on daily chart , currently reversing from support zone . It didn't break low of Doji candle since 2 days so its good support for me. 5th Mar: last time shared that low of Doji candle is good support and market respected levels and now Bank nifty is near Resistance. from here i am expecting one swing next week to prepare big move ahead. Lets follow Prices action Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing First Learn and then remove "L".
NSE:BANKNIFTYLong
by ChartsSpecialist
BANKNIFTY : triangle patternBANKNIFTY trading in triangle pattern on daily chart, currently reversing from support zone. It didn't break low of Doji candle since 2 days so its good support for me. You can trade as per your view on market. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing First Learn and then remove "L". Sorry was not able to post since long time as i was operated due to some health issues. I will try to start post on regular basis again
NSE:BANKNIFTYLong
by ChartsSpecialist
Bank Niftythis is guess work. nobody can predict 100 percent. there is VERY high buy imbalance, if market continues to move up without correction then there is very high impulse buying or market manipulation. if there is buying trend then there will be consolidation for 2 to 4 days at upper lvl then only buy uptrend, expecting consolidation next week for uptrend. for next week looking for market opening lvl is better than trying to predict next day trade. if it falls possible breaking 39000. point to be noted that upper and lower lvl can change depending on either crossing lvl up or down.
NSE:BANKNIFTY
by NB19
Bank nifty: Price Behavior and Reactions NSE:BANKNIFTY Learn from such minute price behaviors. Watch point 1 marked in chart, Price is not closing below this line for the whole one hour (this is 15 minute candle) Means either someone is accumulating at particular level or someone doesn't want price to go below this level. In either way price is protected at that level. The reaction price swiftly moved above from those levels. Watch point 2 again the price is behaving similarly as mentioned in point 1 at FVG region. Price is not willing to close below the FVG lines line. Reaction an swift up move. For those who don't know what is a FVG is see the example inserted picture or go through my earlier post bank nifty lower time frame trading strategy (link attached below) You can see this price behavior across the time frame even at 1 minute. What explained here is a bullish structure and the bearish structure is just opposite of this. Go through NIFTY or BANK Nifty chart at any time frame and find such price behavior as a home work. Good luck
NSE:BANKNIFTY
by Vasu_devan
Bank Nifty: A quick pull backBanking sector saw some heavy selling this week, but it shouldn't come to us as a big surprise as most banks have been trading at very high prices, and more importantly, perilously close to their respective supply zones. BankNifty took the toll for obvious reasons, after a long struggle to cross the 41600 level, price was finally pulled down from deep inside the supply zone. Index has dropped by almost 5% within a week, and as a result, we have just hit a recently created demand zone. This is the first retest of this demand zone since it was created, and we saw a very good rejection today where price easily sustained above the zone. I'm expecting the price to at least temporarily retract from these levels, which makes for a very affordable & low-risk long position for the coming week. Rationale: - A fresh demand zone being re-tested, rejection with good volume. - Price has taken support at .786 fib-level. - Price has broken through 14-period ATR range on 30 Min and other smaller TFs. - RSI & Stochastic ascending on 1H and smaller TFs. - ADX indicating a loss of strength in the down trend. Final Note: - This is supposed to be a quick trade, max 3 days(do not wait until the weekly expiry). - Exit criteria, either of the following, which ever happens first. >> - Target achieved >> - Stop loss reached >> - End of 3rd day of the trade - Do not go big, as this is a trade against the trend, but risk to reward is very good on this one(almost 1:5), so should it turn out positive, it'll be well-worth the wait.
NSE:BANKNIFTYLong
by sudoMode
6