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Niftybankanalysis

BANKNIFTY Trend AnalysisIt is moving inside a descending broadening wedge pattern similar to NIFTY50. Expecting BANKNIFTY to hit 34900-35000 level before the last dump towards 32000 level if it will form Adam & Eve pattern I have highlighted as V shaped bottom and rounding bottom. Only if the 5th wave is overextended, it can reach the edge of the pitchfork at 30180 level. Both the scenarios are possible. 35000 level is at the confluence of 20 MA, trendline resistance and the top of the runaway gap which is going to get filled. Will update as pattern unfolds in near future. Do your own due diligence before taking any action. Peace!!
NSE:BANKNIFTYShort
by Swastik24
Simple Trade Setup | BANKNIFTY | 21-04-2022 [INTRADAY]NSE:BANKNIFTY Trade Setup for 21-04-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BANKNIFTY
by Trading_hawk
Simple Trade Setup | BANKNIFTY | 18-04-2022 [INTRADAY]NSE:BANKNIFTY Trade Setup for 18-04-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BANKNIFTY
by Trading_hawk
BANK NIFTY Comprehensive Analysis Jan 2021Hi we have analyzed this INDEX and there 2 upcoming scenarios which are based on Price Action and Fibonacci projections. both the analysis are having Time forecast as we have analyzed the Target zones by the Fibonacci Time Base tool which is giving us the at most time span to achieve the forecasted TPs the two scenarios are as follow... 1. Long. as we can see the price as touched the 161.8% level (Extension Point), of the Fibonacci projection, and it is the sign of trend continuation or rally extension so we can target the 261.8% of the same projection (40000Rs), which is specified by TP line. 2.Short. as we know this instrument has reached its past ATH, and can be counted as over bought now so we can expect some retracement and correction in the price trend we can target some of its past Resistance areas which can now be counted as its presents support zones and our ultimate scenarios TPs. there 3 main zones which are having confluences with the Fibonacci retracement of same bullish wave, we have not drown the Fibonacci levels as they make the chart a bit befuddling. please comment your opinions about both the scenarios
NSE:BANKNIFTY
by BitonGroup
NiftyBank Futures Positional trading levels on daily time frameMajor Resistance 36887.05 Major Support 36472 to 36255 This is buying zone and Stop loss level for Positional long Positional Longs Potential upside target of 1500 Points in Coming days 1st target 37274 2nd target 37782 3rd Target 38500 Short side target 35750 to 35700 Incase of breakdown below support level short side 2nd target 35000 to 34800 incase of breakdown from 1st support zone. Disclaimer: These levels are purely based on Price action/demand and supply zones & Technical Analysis 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 for before making trading decision.
NSE:BANKNIFTY1!Long
by sbkurandwad77