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Bankniftytrading

BANKNIFTY : Can touch daily major support ?BANKNIFTY on Daily chart its following triangle pattern perfectly shared last week. In Hourly chart its trading near flip support. If it break 40300 (Flip support) it may touch major support of daily chart. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing I may be 100% wrong as its my personal trade. First Learn and then remove "L"
NSE:BANKNIFTY
by ChartsSpecialist
Bank nifty viewNSE:BANKNIFTY has pulled back by about 1000 points with in a span of seven days. Now reached level where earlier a lot of buying interest was witnessed (Watch it in the chart marked with rectangle box). One interesting point to note in this pullback is that even though there were range expansion of candles volume expansion is missing altogether. See the chart. Also look carefully in the chart and see that in the past whenever price pulled back with low volume the expansion to the upper range was quick. So the two important points to note that. 1) Price is in the zone where in the past lot buying interest was witnessed with heavy volume. 2) The current pullback has no volume back up. The last days volume was almost negligible. Good Luck
NSE:BANKNIFTY
by Vasu_devan
1
bull run in major index still intact Bank nifty bull run is still intact digesting all bad news in the month of feb in indian markets about adani and more nifty and banknifty has held major supoorts and bounced from right levels pure bullish above 42830/42850 levels in spot 40450 area now becomes major support area not expecting any big move on any side however at this time but i think markets are building strength for the next upmove however at these kind of times major support levels will be tested and base building is being done many bad news have been digested at higher levels i am buyer till 40000 is holding and will add above 42850 levels big sharp move on up side is possibility i believe there is a 25% chance that previous will break once majority people get bored in the markets and markets will give chance to buy with sharp up moves however if banknifty trades above 42850 cash levels u can expect that to happen till then wait
NSE:BANKNIFTY
by Tradegainer