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Bankniftytrendanalysis

BANKNIFTY--42700-42650 acts as Support??Observations: After A strong fall price mostly enters into consolidation stage. Previous strong resistance @42700 broken and showing bullish pressure towards 43000,43600 levels. (Price broken the 42700-42650 zone to downside and closes inside this zone.) If the same level acts as support price will again rise from this level, Strong fall happens from @43200-43100 level also be careful at this level before long will again see some bearishness in this zone. Try to be on the long side from 42700-42620 levels to reach 43000-43200 levels. Go long: Above 42850 to reach 43000,43100 levels. Short: Don't think of Short now. be on short side from 43200 levels up to 42850,42700 only. price breaks 42620 and gives retest go short for 42400 levels.
NSE:BANKNIFTYLong
by IIT-Trader
1
Banknifty Parallel Channel Time CycleWhat do you think? Will banknifty be able to repeat its time cycle? Because 1 feb 2021 to 25 oct 2021 in Parallel Channel two times touch at upper level within 366 days (38 weeks).And then 25 oct 2021 to 13 jun 2022 falls 22.87%(9550) at Parallel Channel lower level.Again banknifty repeat the 1st cycle with same time period at lower level (13 jun 2022 to 13 mar 2023).Banknifty will be able to repeat its second time cycle which target1-9550points target2-56000 to 57000 banknifty level
NSE:BANKNIFTYLong
by tusharsaini020
1
BANKNIFTY LONG LEG DOJI ON MONTHLY TF #BANKNIFTY Strong Reversal candle this week & Long Leg DOJI on Monthly Chart After 3 Consecutive Months Sell-off!! Only a break below 38600 level would mean a change in trend to downward. The price perfectly fulfills my last idea and moved towards the upside and also closes above the 39888+ On weekly Chart. From the support zone of 38600 price moved towards the upside till the 40650+ with a bullish candle and price closes on positive note on weekly chart in the Friday session after 3 Consecutive red candle on weekly chart we closes in big green candle in the last week. Now the price can head towards the 41000-41222 levels to touch the Downward parallel channel and if price go sideways for 1 to 2 days near the upper hand of parallel channel and than breaks the upper parallel channel and level of 41222 and sutain above it than we can see good upside move and targets will be 41800/43000+ In coming trading sessions. If price unable to breaks the upper parallel channel and again respects it and face Resistance than we can again Move towards the downside till the support level . Level of 38500 is support for the Banknifty on monthly chart.
NSE:BANKNIFTYLong
by Jha_Nidhi
09/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys, Good Morning everyone, According to the data today market Small Gap-Down is going to open After A Small Gap-Down opening if Banknifty sustain Above last day high 41700 and taking Support from 41700 then open target for T1-41900,T2-42000,T3-42200 If the Banknifty after a Small Gap-Down opening sustain Below last day low 41400 and and taking resistance below 41400 then the open Targets for T1-41200,T2-41000,T3-398000 Major Levels 41600,41500,41400
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY Double Bottom BreakoutThe idea here is about Bank Nifty: My view is Neutral for the below observed technical factors. Points as per TA observed on a Weekly daily & Hourly Chart: 1. Cup & Handle formation completed awaiting breakout as per below: 2. Doji candle formation on weekly chart as per below: 3. Bearish Bat harmonic pattern completed on a daily & Hourly chart as per below: 4. Double bottom pattern completed on 1H chart & 07th Nov market opened with breaking the neckline, price was pushed below the neckline in 1st Session, However, price recovered & the day closed above neckline as per below : 5. Divergence observed on 1H chart for RSI, Commodity Channel Index & Momentum as per below: 6. Trading way above 20& 200 EMA on a weekly, daily & 20 EMA support established on hourly chart at the time of publishing. 7. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a weekly, daily & hourly is very strong upward momentum at the time of publishing. 8. RSI is at 66.86 on a weekly Chart, 64.76 on daily & 65.77 on hourly chart at the time of publishing. 9. MACD almost way above signal line on weekly, daily & hourly chart at the time of publishing. Projected Targets: Double Bottom & Bearish Bat harmonic pattern provided in chart. Stop Loss: provided in chart. Entry point: If price sustains above the double bottom neckline in the next trading session then long entry can be confirmed. If price breaks below the double bottom support short entry can be confirmed. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So Please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & subscribe for more analysis. The more boost & comments further more motivation for publishing. Let the Trading community & family know about your opinion with comments. Cheers.
NSE:BANKNIFTY
by Tron029
2
BankNifty Futures Key Trading Levels for 1st Aug 2022BankNifty Future Key Trading Levels for 1st Aug 2022 Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together.
NSE:BANKNIFTY1!
by sbkurandwad77
NiftyBank Futures Key trading levels for 28th July 22NiftyBank Futures Key trading levels for 28th July 22 Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together.
NSE:BANKNIFTY1!
by sbkurandwad77