Bank nifty index is taking the support multiple times from the level @46400 levels. this is the crucial level to see it will break the trendline to move upside or by facing the resistance in the form of support and falls back to below levels and continue to move down. even though price breaks the trendline we have to wait for bullish continuation.
BANKNIFTY INDEX Key highlights: 💡⚡ ✅On 15 MIN Time Frame Banknifty index Showing Breakout of Head & Shoulder Pattern. ✅Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 46850+. ✅Can Go Long in this Banknifty index by placing a stop loss below 46100-.
A strong bullish momentum is observed from double bottom levels, now price is near to the previous strong resistance area, if these resistances acts as support then only will see an upside momentum...if they failed to push, it will continue its momentum towards below levels... CASE 1:: Rally Base Rally If it is a rally base rally price will take the support of...
BANKNIFTY Index is showing bearishness from 47200 levels... On top side price created a trendline...now until price breaks the trendline keep ur view to short only.. failed to consolidate on topside..to move upside.. so its time to look for short near the trendline... tomorrow chance of upside and test the trendline and again turned to bearish again... to grab the...
Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 46550 level then possible upside rally of 400-500 points upto 46950 level & this rally can extend another 400 points if market gives breakout 47050 level in todays session .Any Major downside only expected in case banknifty starts trading below 46450 level.
Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 46450 level then possible downside rally of 400-500 points upto 46050 Level in todays session.Any Major upside only expected in case banknifty starts trading above 46550 level.
Hello Guys, Good Morning everyone, According to the data today market is going to open gap down After A gap down opening if Banknifty sustains Above 46500 and takes Support from 46500 then open target for T1-46700, T2-46800,T3-47000 If the Banknifty gap down opening sustains Below 46400 and takes resistance below 46400 then the open Targets for T1-46300,...
Hello Guys, Good Morning everyone, According to the data today market is going to open flat After A gap flat opening if Banknifty sustains Above 47200 and takes Support from 47200 then open target for T1-47300, T2-47400,T3-47600 If the Banknifty flat opening sustains Below 46800 and takes resistance below 46800 then the open Targets for T1-46700,...
Hourly chart shows M pattern breakout. Initially i though it is head and shoulder but instead it formed M pattern and trend indicates downward movement. (posted in my previous post). Right now, on Daily chart it looks it didn't proceed with W pattern. BankNifty has trapped CE buyers who would have thought that it'll fill the gap upper side. Some downnside movement...
BANKNIFTY Index is showing bearish pressure after the liquidity grab above 47200 levels, tomorrow we have a chance of price trading in a channel and likely to test the demand zones at 46500 levels... these two possible cases may happens :: Case1::Rally base Rally A strong rise is observed from the demand zone at 46500 levels, by creating a bearish channel price...
Double Bottom is Observed...A Strong reversal is observed from support levels @44400 levels. A lot of liquidity is lies above the 47200 levels. A Continuous move is identified in Banknifty index, after the liquidity grab on topside above 47200 levels, we have a chance of fall back. on top side we have a trendline as well. keep safe in this area of resistance zone...
Banknifty Index created a inverse Head and Shoulders pattern... price broken the neckline strongly...and retested. on topside clearly resistance is at 46200 and 46500-46550 levels... keep in long side until price is above the neckline... no short side until price breaks the below ...after breaks below the neckline will think of short side for liquidity grab below...
Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 46050 level then possible upside rally of 400-500 points upto 46450 level & this rally can extend another 400 points if market gives breakout 46550 level in todays session .Any Major downside only expected in case banknifty starts trading below 45950 level. also possible Reversal...
Pair : Bank Nifty Description : Completed " 1234 " Impulsive Waves Symmetrical Triangle as an Corrective Pattern in Short Time Frame Break of Structure RSI - Divergence Rejection from Daily Demand Zone
Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 46050 level then possible upside rally of 400-500 points upto 46450 level & this rally can extend another 400 points if market gives breakout 46550 level in todays session .Any Major downside only expected in case banknifty starts trading below 45950 level.
Banknifty has broken the trendline strongly... if price retest then will go for long side... but on bottom side we are still pending with liquidity below the support levels... keep looking for long side after clearing the liquidity done.
BANKNIFTY index is now at support levels..... previously a strong bullish move is observed from this levels.... Price is now at the same strong support...a lot of liquidity is lies below this levels... on topside price is rejected by the trendline multiple times... so we have a trendline liquidity as well on topside.... Wait for the bullish turn from this...
Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 45050 level then possible upside rally of 400-500 points upto 45450 level .Any Major downside only expected in case banknifty starts trading below 44950 level & this rally can extend another 400 points if market gives breakdown 44450 level.also possible reversal upside 44550 level.