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Bankniftytrend

BANKNIFTY--44500 is Support or Resistance ??Bank nifty index a continuous fall is observed from the break of major trendline without retest. price broken the demand @44800 and 44600 levels, the previous resistance is also failed to push the price up, so a strong fall is observed below 44500. Price is now exactly closed @ 44500 level, which is a strong fall area previous. if this again pushes the price down will observe a continuous fall to bottom levels @43800 levels. if the same resistance acts as support, price is again be bullish. tomorrow move will decide to go further lower or higher. until keep in watch mode. I will do one more post on buy side setup... I cannot mix both intraday and swing setup in a single post. Thanks for your support and Encouragement guys. stay tuned for more updates....
NSE:BANKNIFTY
by IIT-Trader
66
4 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open Flat After A Flat opening if Banknifty sustain Above 44500 and taking Support from 44500 then open target for T1-44700,T2-44900,T3-45100 If the Banknifty Flat opening sustain Below 44300 and taking resistance below 44300 then the open Targets for T1-44200,T2-44100,T3-43900 Major Levels 44500,44300,44600 If the market stande in this area of 44500 to 44300, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANK NIFTY INTRADAY LEVELS FOR 03/08/2023BUY ABOVE - 45130 SL - 44980 TARGETS - 45270,45400,45630 SELL BELOW - 45980 SL - 45130 TARGETS - 44730,44550,44280 Previous Day High - 45800 Previous Day Low - 45470 I am sharing BANK NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both. 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
38
BANKNIFTY--Which is Support,Demand or Resistance ??The neckline broken strongly... the trendline broken strongly.... Price opens gap down and moved to down side drastically. Now we have 2 options, where to look for short again. 1. Neckline or 2. Trendline. So in order to reach these 2 points, price has to reversal, so from which zone we can expect a reversal. If we see on bottom side, today price has taken the support from 44800 level, and price is exactly closed in a strong fall area 45100. If tomorrow again opens a gap down and continuously fall, and breaks 44800 level we have to look at 2 places for buy, one is 44600 level and another one previous strong resistance may acts as support 44500 and pushes the price upwards. price closed at 45100 previously it is a strong supply, so on continuous move it pushes the price more towards downside. If price reaches any of these 2 places look for buy, Look for sell @neckline or trendline. No retest is observed in this places. Note:: Price may break the trendline or Neckline and moves upwards again to reach the ATH. So careful here.
NSE:BANKNIFTY
by IIT-Trader
23
BANKNIFTY--Hidden Head & Shoulders Pattern??A pattern(Head and Shoulders) inside an another pattern of (Head and Shoulders) in Higher time frame.... If the Trendline or Neckline on the inside pattern of Head and Shoulders acts as resistance, there will be an one more fall happens in Bank nifty. which is more dangerous than this one. Keep watch these internal levels and external levels....they will acts as support and resistance. keep look at these levels.... Happy Trading guys.... Note:: I am not available for the next 1 or 2 weeks.... Thank you guys for your support and Encouragement. will be back soon...
NSE:BANKNIFTY
by IIT-Trader
1
3 AUGUST 2023 BANKNIFTY EXPIRY DAY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open Gap-Down After A Gap-Down opening if Banknifty sustain Above 45000 and taking Support from 45100 then open target for T1-45200,T2-45300,T3-43500 If the Banknifty Gap-Down opening sustain Below 44700 and taking resistance below 44700 then the open Targets for T1-44600,T2-44500,T3-44300 Major Levels 45000,45100,44800 If the market stande in this area of 45000 to 44700, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Inside Candle + Upside = Fall ??After Showing strong Bullish Pressure towards new ATH, price showing strong bearish pressure. price also forms a inside candle, and yesterday shows a strong bullish momentum again. if this bullish momentum sustains...or falls again. Considering that inside candle as consolidation at Previous ATH levels, and shows us a bullish momentum, so if we consider this as Bearish Pressure + Consolidation + Upside = Great fall. if we observe after breaking the trendline no retest is observed in higher timeframes, a strong bullish move is observed from 44700-44750 levels. if price failed to take the help of previous HH, and bottom side Demand fails, we can expect a strong fall. Will see what happens in live market... Thanks for your support.
NSE:BANKNIFTY
by IIT-Trader
4
BANK NIFTY INTRADAY LEVELS FOR 02/08/2023BUY ABOVE - 45630 SL - 45490 TARGETS - 45800,45940,46100 SELL BELOW - 45470 SL - 45630 TARGETS - 45290,45100,44920 Previous Day High - 45800 Previous Day Low - 45470 If Bank Nifty breaks that trend line... We will see fast momentum into Downside I am sharing BANK NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both. 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
10
BANKNIFTY--Drop Base Drop ??Price broken the trendline and retested, we will enter in short side...Our target gets hit. price again on the other side broken the trendline and we enter in long side.. our stop loss hits. now price is near to the major trendline break... in bigger time frame price broken bullish channel... and in smaller time frames...it is again in channel... so tomorrow if price again reversed from the major trendline, looks for buyside... Price is without touching the resistance showing bearishness, to trap the early sellers. now we have to observe price will again bullish from drop base drop... so will see what happens in the next session.
NSE:BANKNIFTY
by IIT-Trader
25
BANKNIFTY--@Major Trendline Break ??Bank nifty index is again taking the support from the trendline and showing bullish pressure.. now the price is near its previous strong fall area. If this area pushes the price downwards price is again fall. If price breaks the trendline we have a strong support in the bottom side @44800... that will again push the price upside... So Until price breaks the trendline keep on buy side... will be on short side...if price breaks and retest the trendline. Will see in the next session what happens...
NSE:BANKNIFTY
by IIT-Trader
10
2 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open Gap-Down After A Gap-Down opening if Banknifty sustain Above 45600 and taking Support from 45600 then open target for T1-45800,T2-46000,T3-46200 If the Banknifty Gap-Down opening sustain Below 45500 and taking resistance below 45500 then the open Targets for T1-45300,T2-45200,T3-45000 Major Levels 45500,45400,45600 If the market stande in this area of 45800 to 45500, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10