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Bankniftytrendanalysis

medium term trading opportunity in samvardhna mothersonHi, NSE:MOTHERSON has given a Bullish Flag Breakout on Weekly charts with very good volume. MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision
NSE:MOTHERSONLong
by raigvivek
2
Nifty Bank (BANKNIFTY) Targets post election 2024The chart provided is of the Nifty Bank Index on the 4-hour timeframe from NSE, created using TradingView. Here is a detailed analysis and summary: Trend and Channel Analysis: 1. Ascending Channel: The chart shows the Nifty Bank Index moving within an ascending channel, bounded by two parallel trend lines. 2. Support and Resistance: The lower trend line acts as support, while the upper trend line acts as resistance. The price has bounced off the lower trend line multiple times, indicating strong support. Fibonacci Retracement Levels: The Fibonacci retracement levels are drawn from a recent swing low to a swing high, showing key levels of potential support and resistance. 1. 0% Level (48,333.10): The starting point of the retracement. 2. 50% Level (49,682.25): Often considered a strong support/resistance level. 3. 61.8% Level (50,000.70): Known as the golden ratio, it is a significant level where price action often finds support or resistance. 4. 100% Level (51,031.45): The end point of the retracement. Key Levels and Potential Targets: 1. Current Price: The current price is 48,967.95, slightly below the 50% Fibonacci level of 49,682.25. 2. Immediate Support: Around 48,333.10 (0% Fibonacci level). 3. Immediate Resistance: Around 49,682.25 (50% Fibonacci level). 4. Next Key Resistance: Around 50,000.70 (61.8% Fibonacci level). 5. Further Resistance: Around 51,031.45 (100% Fibonacci level). Future Projections: 1. Upside Potential: If the price breaks above the 50% Fibonacci level (49,682.25), the next target could be the 61.8% Fibonacci level (50,000.70), followed by the 100% Fibonacci level (51,031.45). 2. Downside Risk: If the price falls below the current level, it may find support at the 0% Fibonacci level (48,333.10). Other Observations: 1. Volume and Momentum: Volume and other momentum indicators (not shown in the chart) would be helpful to confirm the strength of the trend. 2. Candlestick Patterns: Analysis of recent candlestick patterns could provide additional insights into market sentiment and potential reversals. Summary: - The Nifty Bank Index is currently in an ascending channel with key support and resistance levels defined by Fibonacci retracement. - The price is slightly below the 50% retracement level, suggesting potential resistance. - Breaking above this level could lead to further gains towards 50,000.70 and 51,031.45. - Conversely, if the price falls, it may find support around 48,333.10. Monitoring the price action around these key Fibonacci levels and the channel boundaries will be crucial for identifying potential trading opportunities.
NSE:BANKNIFTYLong
by The90sTraderOfficial
Nifty Bank Index - BANKNIFTYThe chart depicts the 4-hour price movement of the Nifty Bank Index on the NSE. Here is an analysis and summary: Analysis: 1. Possible Double Top: The chart indicates a potential double top pattern around the 49,300 level, which is a bearish reversal signal. 2. Current Price Movement: The price has recently declined from the double-top region, suggesting a potential pullback. 3. Support Levels: - 50% Retracement: The price might find support around the 48,590 level, which is the 50% Fibonacci retracement level. - 61.8% Retracement: A stronger support is expected around the 48,320 level, the 61.8% Fibonacci retracement level. 4. Target: - If the index respects these retracement levels and rebounds, the 100% target is projected at 50,500, suggesting a potential uptrend continuation. Forecasted Movement: - Short-term: The price might continue to decline towards the 48,590 level, and possibly to the 48,320 level. - Reversal Potential: If the price finds support at these levels, a rebound is likely, leading to an upward movement towards the 50,500 target. - Bullish Scenario: The chart shows a potential bullish scenario if the support levels hold, leading to a rise back towards and possibly beyond the recent highs. Summary: The Nifty Bank Index chart shows a potential double top formation indicating a bearish reversal. However, if the index finds support at the 50% (48,590) or 61.8% (48,320) Fibonacci retracement levels, there is a potential for a bullish reversal aiming for the 50,500 target. It is crucial to monitor these support levels for potential buying opportunities and confirmation of the upward trend resumption.
NSE:BANKNIFTYShort
by The90sTraderOfficial
Reversal Falling Wedge Pattern in BANKNIFTY INDEXBANKNIFTY Index Key highlights: 💡⚡ 📈 On 15 Min Time Frame Banknifty Index Showing Reversal of Falling Wedge Pattern. 📈 It can give movement upto the Reversal Final target of Below 44560-. 📈 There have chances of breakdown of Support level too. 📈 After breakdown of Support level this Banknifty index can gives strong downside rally upto below 43544-. 📈 Can Go short in this Banknifty index by placing a stop loss Above 45802+.
NSE:BANKNIFTY
by TradZoo
Banknifty--@What is Resistance (S or T)??Banknifty index is clearly broken the support @47000 zone. Price recently broken the longer term trendline as well.. Now price is trading near to support zones at 44500 minor support zone and 43500-43200 major support zone. Short Opportunity:: Enter the short positions when price tap into this resistance zone(Support) or facing resistance from trendline.look for short opportunities from this zone. Long Opportunity:: Enter long positions when price tap into the major support zone.looking for long opportunities from this support. Case:1 We have a resistance in the form of support @47000. Case:2 We have resistance in the form of trendline.
NSE:BANKNIFTY
by IIT-Trader
5
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
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
BANK NIFTY - Target Levels - 18.09.2023BANK Nifty Spot : 46154.05. Option Strike : 46100 CE & 46100 PE I Am Not Sebi Registered Analysis, This Is Education Purpose Only. Dear Followers.. Kindly Watch My Break Even Point. Every Day. Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE.. Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE.. Don"t Enter Blindly. We Focus On Our Daily Analysis.. Combination Theory Of Delta, Gamma & Thetta,. Selection Of OI Analysis & Prediction Of Entry, StopLoss, & Targets, Fibinacci Retracement Levels, Techninal View On Break Even Point. Wait For Support or Resistance Breaking.. That Time Watch The Market Carefully. Market Moves in UpTrend or DownTrend. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View. Its Most Important For Daily Tradings…. BY : newsbharathi27040.
NSE:BANKNIFTY
by market1tomorrow
4
13.09.23 BANKNIFTY 45500 CE & 45500 PEBANK Nifty Spot : 45490.1 Dear Followers Kindly Don't Take Any Buy or Sell Trades Today... Please Watch My Option STRIKES & Level One Week. Draw The Lines Buy, Sl, T1 to T5 Lines In Your Broker Application Trailing Purpose Only. Option Strike : 45500 CE Buy At : 255, Sl : 230, Next Sl : 150 Target : 318 Target : 381 Target : 445 Target : 508 Target : 572 Target : 635 Target : 699 Target : 769 Option Strike : 45500 PE : Buy At : 210, Sl : 190, Next Sl : 125 Target : 263 Target : 315 Target : 368 Target : 420 Target : 473 Target : 525 Target : 578 Target : 631 Every Target Point Is An New Buy Entry. First You Conform The Trend.. Market Goes Uptrend Or Downtrend. Then Only You Entre CE or PE Strike. If You Enter... Stop Loss is Below The Entry 20 To 30 Points.. Otherwise You Loss The Money. Kindly Watch My Break Even Point. Every Day. Above The Break Even Point UPTREND Starts Below The Break Even Point DOWNTREND Starts. Don"t Enter Blindly.
NSE:BANKNIFTY
by market1tomorrow
BANK NIFTY 12.09.2023 LEVELSBANK Nifty Spot : 45570.7 Dear Followers Kindly Don't Take Any Buy or Sell Trades Today... Please Watch My Option STRIKES & Level One Week. Draw The Lines Buy, Sl, T1 to T5 Lines In Your Broker Application Trailing Purpose Only. Option Strike : 45400 CE Buy At : 234, Sl : 210, Next Sl : 140 Target : 292 Target : 351 Target : 409 Target : 468 Target : 526 Target : 585 Target : 643 Target : 702 Option Strike : 45400 PE : Buy At : 243, Sl : 146, Next Sl : 218 Target : 304 Target : 364 Target : 425 Target : 486 Target : 546 Target : 607 Target : 668 Target : 728 Every Target Point Is An New Buy Entry. First You Conform The Trend.. Market Goes Uptrend Or Downtrend. Then Only You Entre CE or PE Strike. If You Enter... Stop Loss is Below The Entry 20 To 30 Points.. Otherwise You Loss The Money. Kindly Watch My Break Even Point. Every Day. Above The Break Even Point UPTREND Starts Below The Break Even Point DOWNTREND Starts. Don"t Enter Blindly.
NSE:BANKNIFTY
by market1tomorrow
BANK NIFTY 11.09.2023BANK Nifty Spot : 45156.40 Dear Followers Kindly Don't Take Any Buy or Sell Trades Today... Please Watch My Option Level One Week. Draw Buy, Sl, T1 to T5 Lines In Your Broker Application Trailing Purpose Only. Option Strike : 45000 CE : Buy At : 366, Sl : 238 Target : 458 Target : 549 Target : 641 Target : 732 Target : ++++++++ Option Strike : 45000 PE : Buy At : 110, Sl : 72 Target : 138 Target : 165 Target : 193 Target : 220 Target : +++++++++ Every Target Is An Entry Point. First You Conform The Trend.. Market Goes Uptrend Or Downtrend. Then Only You Entre or buy The Strike. If You Enter Stop Loss is Below The Target 20 To 30 Points.. Otherwise You Loss The Money. Kindly Watch My Break Even Point. Every Day. Above The Break Even Point UPTREND Starts Below The Break Even Point DOWNTREND Starts. Don"t Enter Blindly.
NSE:BANKNIFTY
by market1tomorrow
1