Nifty BankNifty Bank weekly chart forming RISING WEDGE CAREFUL NOT SURE THAT BREAKDOWN.. Taking support from 50 EMA..
Niftybanktrendanalysis
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!!
NiftyBank Key Support & Resistance for 4th Oct 2021
NiftyBank Key Support & Resistance for 4th Oct 2021
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
Nifty Bank Spot Key Trading Levels for 1st Oct 2021
Nifty Bank Spot Key Trading Levels for 1st Oct 2021
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 for before making trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together
Nifty Bank Support & Resistance for 29th Sept 2021 Price TargetsNifty Bank Support & Resistance for 29th Sept 2021
After Trending move on 28th Sept Nifty Bank may remain Volatile or rangebound
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 for before making trading decision.
Nifty Bank Support & Resistance for 28th Sept 2021Nifty Bank Support & Resistance for 28th Sept 2021
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 for before making trading decision.
Nifty Bank Key Support & Resistance for 20th Sept 2021 Bank nifty may remain Volatile or range bound for 20th Sept 2021
Key Support Zones
1st Support Zone 37712 to 37619
2nd Support zone 37452 to 37323
Key Resistance is 38256
Targets
Long
1st Target till 38286 ( 107 Points)
2nd Target 38600 incase of short covering rally
Short targets are till support zones and incase of short covering on Put side then 37000 level can be retested.
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.
Bank Nifty Futures Key Trading Levels for 17 h Sept 2021Nifty Bank Futures Key Trading Levels for 17 h Sept 2021
based on Camarilla Pivot Points
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.
Nifty Bank Key Trading levels for 15th Sept 2021
Bank nifty Trading in Narrow range of 36584 to 36755 ( 165 points) there is a high probability of breakout or break down on 15th Sept 2021
Long Targets
1st target (100 Points)
Breakout from Trading range
2nd Target 37123 ( 360 Points)
break out from trading Range
Short Targets
breakdown from the Trading range
1st target 160 points- Till 36424
2nd target 250 points- Till 36340
3rd Target 400 points- Till 336181
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.
BankNifty Future 13 min Analysis - Aug 22 2021NSE:BANKNIFTY1!
Long-term Bias (Weekly): Neutral
Medium-term Bias (Daily): Neutral
Short-term Bias (195 Min): Bearish
At one stage in wanted to say "comprise" though I said "Compromise" please do not mind.
I explained is more in the video than typing here.
Hopefully this analysis make some sense for you.
Thanks,
Yogesh
