Get started

Bankniftytrend

BANK NIFTY INTRADAY LEVELS FOR 26/02/2024BUY ABOVE - 47080 SL - 46900 TARGETS - 47200,47360,47600 SELL BELOW - 46700 SL - 46900 TARGETS - 46450,46300,46100 NO TRADE ZONE - 46700 to 47080 Previous Day High - 47200 Previous Day Low - 46700 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 support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
26 FEB 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello 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, T2-46600,T3-46500 Major Levels 47000,46800,46500 If the market stands in this area of 47000 to 46800 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
What Stopped the recovery of Bank Nifty? (Educational Post)How to read a chart and make one is an art which one can master by practicing, understanding the patterns and applying logic in addition to reasoning. Today we will try to master this art with the help of below chart of Bank Nifty. Let us analyze it togther. After reading each paragraph try to look at the chart again for understanding it better. Look at the chart of Bank nifty above. As you can see in the chart Bank Nifty is moving in a parallel channel like a canal since more than 1 year and 3 months or so. After making a high above 48.6K Bank Nifty formed a bottom near 44833 which was a 200 days EMA support, Bank Nifty consolidated and then started surging ahead. Now something happened on Wednesday which hampered the progress. The progress was stopped by the trendline resistance indicated by the blue line. Facing the heat of the resistance Bank Nifty plunged down only to be supported by support zone between 46219 and 46418. This support zone as you can see in the chart consist ot bottoms and tops of few candles ranging from 4th December 2023 to 20th February 2024 and 50 days EMA which is currently at 46219. This can be the future support zone in case Nifty does not recover from this level. Again after taking this support Nifty tried to surge ahead again but was again stopped by the same trend line which cam to effect on Wednesday. Start of this trend line can be seen on the candle of 16th January. This is how Technical analysis works. Can we predict future of Bank Nifty with the help of this chart? Predicting future moves is always risky and is full of assumptions but what we can see here indicates that crossing the resistance zone of 47091 (Trendline resistance) and High of Wednesday 47352 will be a tough task for Bank Nifty. But if Bank Nifty crosses this zone the next levels/ resistances will be near 47670 or 47906. Crossing and closing above 47906 the Nifty can reach the next resistance levels of 48303 or 48595. This is how you can analyse a chart. By applying logic you will gain experience. By applying experience and reasoning you will gain wisdom. Wisdom will help you in chartering your path through the maze of Wealth creation. Charts are nothing but mathematical representation of how investors/speculators behave at particular levels and in particular zones. With the help of charts you can understand paths, patterns and future and past directions of how markets/indices/stocks behave. If you become an expert by watching/drawing 100 charts every day, you can even predict future levels of markets/indices/stocks.
NSE:BANKNIFTY
by Happy_Candles_Investment
BANKNIFTY--Case1 or Case2??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 may test this demand and again be bullish. on topside if rally base rally happens the next resistance is 47600-47700. So take care of your trades. Case 2:: Rally Base Reversal On topside we have a triple top, which is a strong resistance so, we can expect a break below the the demand zone and it will continue its movement towards bottom side. Look for buy if the price grabs the liquidity on below the demand zones and keep in long side from demand zones.
NSE:BANKNIFTY
by IIT-Trader
12
NIFTY INTRADAY LEVELS FOR 23/02/2024BUY - 22250 SL - 22170 TARGETS -22300,22350,22400 SELL - 22170 SL - 22250 TARGETS - 22120,22070,22020 NO TRADE ZONE - 22170 to 22250 Previous Day High - 22250 Previous Day Low - 21890 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 support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
BANK NIFTY INTRADAY LEVELS FOR 22/02/2024BUY ABOVE - 47130 SL - 47000 TARGETS - 47360,47600,47750 SELL BELOW - 46900 SL - 47130 TARGETS - 46700,46500,46300 NO TRADE ZONE - 46900 to 47360 Previous Day High - 47360 Previous Day Low - 46900 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 support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
2
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
BANK NIFTY INTRADAY LEVELS FOR 15/02/2024BUY ABOVE - 46170 SL - 46010 TARGETS - 46300,46500,46670 SELL BELOW - 45730 SL - 46010 TARGETS - 45570,45330,45150 NO TRADE ZONE - 45730 to 46170 Previous Day High - 45730 Previous Day Low - 44950 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 support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP