If BANKNIFTY sustain above 48070 then 48120 then 48161 to 48215 then 48265 then 48307 then 48361 then 48410 to 48452 then 48507 If BANKNIFTY sustain below 47924 then 47870 to 47830 then 47779 then 47724 to 47685 then 47630 then 47579 47542 or 47487 below this bearish then 47394 to 47342 Consider some buffer points in above levels. Please do your due...
Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You...
BUY ABOVE - 47900 SL - 47730 TARGETS - 48050,48220,48460 SELL BELOW - 47730 SL - 47900 TARGETS - 47560,47400,47200 NO TRADE ZONE - 47730 to 47900 Previous Day High - 47900 Previous Day Low - 47000 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
This one so far completely doing the contrary. 1. You see good news on the banking sector, many politicians and the corporates in social media tweet how the sector is growing. 2. Good results, mergers conclude. 3. The proof is the Private Sector banks are underperforming, while PSU on the rampage. 4. CASA driving, or the cause driving. 5. In sum move past...
The trade is based on fibonoci level. Buy at golden level of fibonocii 0.6 to 0.5 level with 0.95 level as stop loss.
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas...
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas...
In term of the move, it is last on hour of move, coming on expiry, one ideally would like to see the follow through on the next day. This time is no different. On the Daily, if not classical, it looks like follow three, exception being the large lower wick. In both the cases, C clamp is visible, suggesting a rather sluggish move but still over laps the...
Bank Nifty - Upside for next 7 trading sessions. Seeing the pattern thats a clear breakthru on XABCD pattern and it would even go further till marked levels.
This trading plan outlines potential entry and exit points for BANKNIFTY based on different opening scenarios on May 16th, 2024. Remember, this is for informational purposes only and should not be considered financial advice. Opening Scenarios: 1. Gap Up Opening Above 47,850 Long Entry: If the price opens with a significant upward gap exceeding 47,850 and...
Bounced off from the perfect channel low, but the price action yesterday, disappoints in relative terms. Looks market is waiting for some more clarity, the ration is the cause and effect. US CPI numbers later today might set the tone or is it another data that vanishes in the din?, does not appear to be so. Markets within this channel clearly shown the...
The Bank Nifty index has finally broken its descending trend and gained support from major levels. This could be a great opportunity for traders looking to invest in Bank Nifty. We have some levels you could check out to help you make your trading decisions.
BUY ABOVE - 47560 SL - 47400 TARGETS - 47730,47900,48050 SELL BELOW - 47400 SL - 47560 TARGETS - 47200,47000,46800 NO TRADE ZONE - 47400 to 47560 Previous Day High - 47900 Previous Day Low - 47400 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 48900 SL - 47400 TARGETS - 48050,48220,48460 SELL BELOW - 47400 SL - 47560 TARGETS - 47200,47000,46800 NO TRADE ZONE - 47400 to 47900 Previous Day High - 48220 Previous Day Low - 47400 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
* Major Levels only* If BANKNIFTY sustain above 47942 then 48255 to 48328 above this bullish then 48641 to 48715 above this more bullish If BANKNIFTY sustain below 47869 then 47556 to 47483 below this bearish then 47170 to 47097 below this more bearish Consider some buffer points in above levels. Please do your due diligence before trading or...
No Price Action No Support and Resistance No Indicators No Moving Averages Not Gann levels These levels are purely based on mathematics
Analysis of Potential Opening Scenarios: Gap Up Opening: A gap up opening above 48000 with support at 47978 could see BANKNIFTY trading between 47950 – 48109. Breaking above 48109 may lead to higher levels at 48416 – 48616, while breaking below 47950 could trigger a drop towards 47697 and further to 47460. Flat Opening: In case of a flat opening, BANKNIFTY may...
Banknifty Possible For small Downside Correction If sustain Below 48400 Next possible target Expected 46950 cmp.48970