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Bankniftytrend

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
BANK NIFTY INTRADAY LEVELS FOR 30/01/2024BUY ABOVE - 45660 SL - 45500 TARGETS - 46000,46220,46500 SELL BELOW - 45330 SL - 45500 TARGETS - 45110,44900,44610 NO TRADE ZONE - 45330 to 45660 Previous Day High - 45660 Previous Day Low - 45110 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
6
29 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 45000 and takes resistance below 45000 then the open Targets for T1-44800, T2-44700,T3-44600 Major Levels 45000,45200,45500 If the market stands in this area of 45500 to 45300 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANK NIFTY INTRADAY LEVELS FOR 29/01/2024BUY ABOVE - 45110 SL - 44900 TARGETS - 45330,45500,45800 SELL BELOW - 44900 SL - 45110 TARGETS - 44610,44430,44270 NO TRADE ZONE - 44900 to 45110 Previous Day High - 45110 Previous Day Low - 44430 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
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
BANK NIFTY INTRADAY LEVELS FOR 25/01/2024BUY ABOVE - 45110 SL - 44900 TARGETS - 45330,45500,45800 SELL BELOW - 44900 SL - 45110 TARGETS - 44700,44550,44390 NO TRADE ZONE - 44900 to 45110 Previous Day High - 45500 Previous Day Low - 44550 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
4
BANK NIFTY INTRADAY LEVELS FOR 24/01/2024BUY ABOVE - 46220 SL - 46000 TARGETS - 46500,46760,47000 SELL BELOW - 46000 SL - 46220 TARGETS - 45800,45580,45440 NO TRADE ZONE - 44900 to 45110 Previous Day High - 46580 Previous Day Low - 44900 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
9
24 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 45300 and takes Support from 45300 then open target for T1-45400, T2-45600,T3-45800 If the Banknifty gap up opening sustains Below 45200 and takes resistance below 45200 then the open Targets for T1-45000, T2-44900,T3-44800 Major Levels 45200,45000,45300 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
BANK NIFTY INTRADAY LEVELS FOR 20/01/2024BUY ABOVE - 45800 SL - 46660 TARGETS - 46000,46220,46500 SELL BELOW - 45580 SL - 45650 TARGETS - 45440,45260,45090 NO TRADE ZONE - 45580 to 45800 Previous Day High - 46220 Previous Day Low - 45580 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
BANK NIFTY:DOBLE BOTTOMOver the past few days, NSE:BANKNIFTY has been exhibiting a downtrend, indicating a bearish sentiment in the market. However, a notable development is the formation of a double bottom structure, which could potentially signal a reversal in the current trend. The double bottom pattern is a bullish reversal pattern that typically occurs after a prolonged downtrend. It consists of two troughs or "bottoms" at approximately the same price level, separated by a peak or "neckline." In this case, traders are advised to observe the pattern for a potential breakout. To initiate a trade based on this pattern, one should wait for a breakout and closing of a candle above the neckline. This breakout acts as a confirmation of the potential trend reversal. It is crucial to emphasize the importance of waiting for a candle close above the neckline to reduce the likelihood of a false signal. The target for this trade is calculated by measuring the distance between the low of one bottom and the neckline. This distance is then projected upwards from the breakout point to estimate the potential upward move. Traders should keep in mind that the target is a theoretical projection and may be influenced by various market factors. Additionally, it is common for the market to retest the breakout level after the initial breakout. Traders should be prepared for a retest and not be alarmed if the price revisits the neckline. The retest provides an opportunity to confirm the strength of the breakout and potentially add to the position. Risk management is paramount in any trading strategy. Traders should determine their risk appetite and set a proper stop loss level. The stop loss should be placed below the second bottom or at a level that aligns with the trader's risk tolerance. This ensures that losses are controlled in case the trade does not unfold as anticipated. In summary, the analysis suggests a potential opportunity for a bullish trade in Bank Nifty based on the double bottom pattern. However, traders should exercise caution, wait for a confirmed breakout, set realistic targets, and implement effective risk management to enhance the probability of a successful trade.
NSE:BANKNIFTYLong
by VanshikaUdeshi
2
BANK NIFTY INTRADAY LEVELS FOR 19/01/2024BUY ABOVE - 45800 SL - 46660 TARGETS - 46000,46180,46340 SELL BELOW - 45490 SL - 45660 TARGETS - 45260,45090,44950 NO TRADE ZONE - 45490 to 45800 Previous Day High - 46180 Previous Day Low - 45490 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP