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Bankniftyanalysis

BANKNIFTY--@Trendline Break??I am sharing the important levels of Support and Resistance. These levels play 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. They serve as key reference points for technical analysis
NSE:BANKNIFTYLong
by IIT-Trader
10
BANKNIFTY--Consolidation or Bullish ??A strong bullishness is observed from the 42700 levels... In today's session we observed that buyers are strong, they can't allow the sellers to take the price down... at the end of the session short positions might be closed... As long as price is above the 42680 level.. keep in long side... A flag and pole is going to observe in BANKNIFTY indicating an target of 43600 levels, which is previously a strong a demand area... Keep safe before going to short side...
NSE:BANKNIFTY
by IIT-Trader
4
BANKNIFTY--42000 is Support??We have a strong support lies at 42000-41800 levels... If we consider yesterdays move as retracement, the fall will continue downwards upto 42000 and 41800 levels... consolidation may happens at bullish gap and strong rise @42600 will resist the price again to topside... If you see on topside we have resistance @43400 levels, which is a previous strong support may turned into resistance...Keep on short side from 43400 levels... If 42000 or 41800 failed to acts as support 41600 and 41200 levels may test this week or next week. Keep safe...don not go for risk...
NSE:BANKNIFTY
by IIT-Trader
12
BANKNIFTY--42600 Or 41800I am sharing the important levels of Support and Resistance. These levels play 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. They serve as key reference points for technical analysis
NSE:BANKNIFTY
by IIT-Trader
5
BANKNIFTY--43600 or 42600 ??I am sharing the important levels of Support and Resistance. These levels play 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. They serve as key reference points for technical analysis
NSE:BANKNIFTY
by IIT-Trader
28
BANKNIFTY--42800 or 44400 ??Price is exactly closed at support level, at this level price taken the support multiple times... we are still having some more points in the downside @43400 level... if that breaks we will observe a great fall towards 42800 and 42000 levels... wait until that breaks and retest...don't go for short side immediately... we have a great support @42800 and 42000 levels... If support fails to push the price up, then it will continue to move downwards up to 42800 levels.. If you are looking for buy side wait until price reach to any one of these levels... or it may rise again from 43400 levels...without confirmation don't go for short side...
NSE:BANKNIFTY
by IIT-Trader
13
BANKNIFTY FALL PREDICTION EXPLAINED Price has violated a Monthly Supply and there is a Fresh Strong Deman formed in Monthly chart @ Rs. 42015.65 Therefor Price will definitely come in this Range. In order to come down Price needs to react to a Supply. We see Price has formed a deviation from the moving average and has also formed an Engulfing Supply in Monthly chart. This is a Supply to Demand Equilibrium where we have the Source and the Destination of the Downtrend. Now we go further in Daily to find the Entry in Fresh Daily Supply Zones, we have a Fresh Daily Supply formed which has a Short Trade with a Reward to Risk Ratio of 3:1. ENJOY THE RIDE !!!
NSE:BANKNIFTYShort
by WavesandZones
BANKNIFTY--Consolidation or Breakdown??If price consolidates @43400-43800 levels and then price has a chance of manipulation(Rise) before testing the 42800 levels...so take care before long/Short.... I am sharing the important levels of Support and Resistance. These levels play 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. 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
23
BANKNIFTY--44300 or 43600I am sharing the important levels of Support and Resistance. These levels play 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. If price breaks the resistance, we have a chance of filling the bearish gap, soo keep in buyside until it touches the zone of resistance and bearish gap. 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
10
BANKNIFTY--44700 or 44100I am sharing the important levels of Support and Resistance. These levels play 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. If price breaks the resistance, we have a chance of filling the bearish gap, soo keep in buyside until it touches the zone of resistance and bearish gap. 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
10
BANKNIFTY--@GoldenZone??I am sharing the important levels of Support and Resistance. These levels play 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
13