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Bankniftyanalysis

BANKNIFTY--Inverse Head & Shoulders??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 support levels. If price gives an elimination move below 45500 levels... look for long side...up to the resistance levels.
NSE:BANKNIFTY
by IIT-Trader
1
BANKNIFTY--Double Bottom??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 levels...or after completion of the liquidity below these levels... as of now we have a chance of double bottom...keep in long side from this support levels. Safe traders wait for the price to break the trendline and retracement to enter long... this is the only short cut way to reach the 47200 levels.... those who miss the previous opportunity this is the time to look for buying... ------------------------------------------------------------------------------------------------
NSE:BANKNIFTYLong
by IIT-Trader
1
Reversal Falling Wedge Pattern in BANKNIFTY INDEXBANKNIFTY Index Key highlights: 💡⚡ 📈 On 15 Min Time Frame Banknifty Index Showing Reversal of Falling Wedge Pattern. 📈 It can give movement upto the Reversal Final target of Below 44560-. 📈 There have chances of breakdown of Support level too. 📈 After breakdown of Support level this Banknifty index can gives strong downside rally upto below 43544-. 📈 Can Go short in this Banknifty index by placing a stop loss Above 45802+.
NSE:BANKNIFTY
by TradZoo
BANKNIFTY-- Liquidity@47200??BANKNIFTY INDEX is taken the support from the support level and neckline is failed to push the price downwards... --->>price failed to grab the liquidity on bottom side, results in bullish entry is placed after it is failed. ------->>so wait for the price to consolidate between the Head and Right shoulder to move upside to test the resistances at 47200 and a liquidity grab above these levels... Keep in long side as long as price is above 46200 levels, which is right shoulder. ----------------------------- now price is near to trendline... if opens up chance of moving upside is possible in this case... keep in short side aslongas price is below the trendline and Right shoulder.
NSE:BANKNIFTY
by IIT-Trader
1
HDFCBANK : Possible Views by StoxWarewww.tradingview.com The weekly time frame shows a range-bound market for this stock, which is favorable for positional and futures traders. The stock is trading near its 52-week low of 1380, which is also a support channel. A break below this channel could trigger a further decline to 1280 or even 1100, which are the next support levels. However, this scenario is unlikely at the moment. To turn bullish, the stock needs to rise above and sustain 1470, which is a resistance level. A break above this level could open the door for 1550, which is another resistance level. If the stock can overcome 1550, it will face the final hurdle at 1750, which is both the 52-week high and the all-time high. Repeated tests of this level could weaken it and lead to a new high.
NSE:HDFCBANK
by Stox_Ware
BANKNIFTY--Liquidity or Bullish??Bank Nifty index is showing bearish pressure from the right shoulder... a strong fall is noticed when neckline is rejected... Now price is near to its demand zones... A lot of liquidity is below the support levels... After the liquidity grab price chances of moving is more. on the topside, we have trendline....in order to reach the higher levels price has to break the trendline and retest...so keep in the bearish side as long as price is below the trendline... It might be in consolidation zone below trendline and above support zones. keep safe from these zones.
NSE:BANKNIFTY
by IIT-Trader
3
Reversal Parallel Channel Pattern in BANKNIFTYBANKNIFTY Index Key highlights: 💡⚡ 📈 On 15 Min Time Frame Banknifty Index Showing Reversal of Parallel Channel Pattern. 📈 It can give movement upto the Reversal Final target of Below 45590-. 📈 There have chances of breakdown of Support level too. 📈 After breakdown of Support level this Banknifty index can gives strong downside rally upto below 45150-. 📈 Can Go short in this Banknifty index by placing a stop loss Above 46240+.
NSE:BANKNIFTY
by TradZoo
BANKNIFTY--Drop base Drop or Bullish??I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies. Trade safe...Thank you guys for your support
NSE:BANKNIFTY
by IIT-Trader
1
BANKNIFTY 1st FEB 2024 - UPTREND EXPECTATIONBanknifty may continue UPTREND CHART PATTERN : Bullish Pennant formation The technical analysis suggests that Banknifty is poised to sustain its upward momentum, indicated by the presence of a Bullish Pennant formation on the chart. An opportune entry point would be if the market opens flat tomorrow and experiences a breakout, signaling a continuation of the uptrend. Alternatively, in the event of a gap down near the 0.5 Fibonacci Level and trendline, a potential upward movement may occur, especially if there is a formation of higher highs (HH) and higher lows (HL). Thank you !
NSE:BANKNIFTYLong
by krishnacbe18
2