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Bankniftyview

BANKNIFTY--Consolidation + Down = Up ??Observations:: ---->> A strong bullish momentum is observed from this zone...43400 level... ---->> To reach this zone 43400 level from resistance price is approching with strong consolidation. ---->>if this zone again acts as support,will be on buy side until the Base low 43900, Base High 44200 only. ---->> Drop-Base-Drop formation is observed. ---->>If the base resist the price, to go upside...will again observe a fall below 43400 levels...
NSE:BANKNIFTY
by IIT-Trader
2
View on Nifty Bank for trading on 19th June 23Here I'm publishing my views on BANKNIFTY for next-day trading as per the closing of 16th June 23 This is Just an Idea based on chart analysis as per the data, you may disagree or agree... 1) If BANKNIFTY is trading between the range 43759 to 43908 then the day is for Option Seller only and all the Option Buyers are free for searching the opportunity based on breakout or breakdown 2) If BANKNIFTY opens above the range 43759 to 43908 and does not cross 44085 then Option Buyers wait for the breakout above 44085 and enter with an RSI above 65 confirmation in a 15M time frame, The possible resistance is already placed in a picture [ 44219 / 44344 / 44494 ] 3) If BANKNIFTY opens below the range 43759 - 43908 and does not close below 43633 then Option Buyers wait for the breakdown below 43633 and enter with an RSI below 35 confirmation in a 15M time frame, The possible supports is already placed in a picture [ 43397 / 43242 / 43077 ] This is only the view on BANKNIFTY not advice to play like, please trade with your own knowledge and strategies you follow... The analysis in this article is purely for Educational Purposes not for trade setup or advice to trade and based on my personal experience I'm just sharing my views on BANKNIFTY on this platform...
NSE:BANKNIFTY
by jaydeep984trivedi
1
BANKNIFTY--Gap Down or Gap Up ??observations:: After a strong fall price is in consolidation, price is in a range more than two days and today witnessed a pullback is observed... If it is a pullback, tomorrow we will observe a bearishness again.... If we see still the strong supply zone is located at 44300 levels.. If tomorrow price opens gap up and showing bullish pressure will be on buyside until 44300-44350 levels if the supply zone @44200-44160 range acts as support price will again touch ATH. If price opens, Gap down, we will look at 43700 area for buy side.. where previously gap up is observed If price is showing strong bullish pressure @ this level will go for buy on pullback. After Gap down, no buying pressure and again showing consolidation... will be on sell side for targets of 43400 levels. and we will look for buyside at 43400 levels. If price again Strong bullish from bullish gap levels...and moving above levels.. will be on buyside until the supply zone..@44300-44350.
NSE:BANKNIFTY
by IIT-Trader
9
15/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys, Good Morning everyone, According to the data today market is going to open Gap-Down After A Gap-Down opening if Banknifty sustain Above 44200 last day high and taking Support from 44200 then open target for T1-44300,T2-44400,T3-44500 If the Banknifty after a Gap-Down opening sustain Below 43850 and taking resistance below 438500 then the open Targets for T1-43600,T2-43500,T3-43400 Major Levels 44000,43900,44200 If the market stande in this area of 43900 to 40200, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Retest or Fall ??Observations:: Price has broken the trendline...strongly now we have to see it will continue to drop or will retest the trendline... if we see the chart, trendline retest if possible test area is 44200 or strong fall area @44350 level. If we see on bottom side...strong reversal is observed with gap @43700 and is still not at finished. if price fall continue we can observe this gap be finsihed soon. if Price is going to test the supply zone @44350 to fall again If tomorrow price is range between 44000 and 44160 levels and goes up look for sell.@ Supply Zone.
NSE:BANKNIFTY
by IIT-Trader
Bank Nifty Trade Setup (13-June-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. For Trade Setup: Bank nifty keep making inside candles and not much range to be in directional trades good move will be after break of 44500 on upside. and 43700 then 43500 on downside. 1.) If opens flat will see if it breaks PDH or PDL and sustain the break. 2.) If breaks PDH will buy for target 44250 (this will be like scalp) . next target will be 44450. 3.) If break PDL and 43730 then will short for target of 43390. no trades if gaps as long as there is no clear setups.
NSE:BANKNIFTY
by TradeInsights
Bank Nifty Trade Setup (09-June-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. t As mentioned in June 7th Trade setup price is moving in Ascending triangle pattern and to it took support near trendline. Trade setup for tomorrow: As we know patterns can fail today price took support near ascending trendline 1.) If opens flat and doesn't hold this trendline will look for short for target of support (43840,43700 and 43650. 2.) If it takes support at trendline will look for buying for target of 44141,44231 and 44300 or PDH. 3.) No trades in gaps only after solid setup. as i loose most in gaps some find easy to trade gaps. but they doesn't suit me. so will wait for good setup is there will be,otherwise no trades.
NSE:BANKNIFTY
by TradeInsights
BANKNIFTY--Bullish Gap or Bearish Gap??observations:: We have resistance in the range 44270-44255, if failed to resistance price will reach 44340-44310 range. we will observe some consolidation in this area 44250-44360 range. we have support @44150-44140 range ,if failed will go for short. we have bearish gap @44450 range... if price breaks the resistance @above zones.. will observe gap may fill... we have bullish gap left @43880-43900 range.. will again push the price to higher levels.
NSE:BANKNIFTY
by IIT-Trader
9
Bank Nifty Trade Setup (07-June-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. All indices are range bound from and only give risky trades no clear directions. and boring price action i avoided trading due to work and whenever i checked there was no movement in price. If there were no gaps there could be good setups as price is in Ascending triangle and rejecting Resistance and take trendline support. Support is placed at 44140, 44000. Resistance is placed at 44500,44240. For tomorrow's setup: 1.) If opens flat and takes support at 44240 for target of 44500. 2. if there are any gaps will only trade if there will be good setup. on lower TF. No trades if there will be another range bound action.
NSE:BANKNIFTY
by TradeInsights