NiftyBank Futures Key Trading Levels for 31st May 22NiftyBank Futures Key Trading Levels for 31st May 22
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Bankniftyprediction
BANKNIFTY Trend Analysis (Another perspective)If the current resistance level (35650) breaks then this scenario may play out which I am going to explain.
It may remain sideways moving in a triangle pattern highlighted.
In a triangle pattern each swing is comprised of 3 waves with a total of 5 swings before break out.
You can see the previous two swings are 3 waves moves.
Even if this plays out there will be a shallow correction towards 34900 level followed by a rally towards 37550 level to fill the gap.
The red line in between is a key level which acted as resistance and support multiple times.
Update on my previous insight:
In lower timeframe it is forming a bear flag with hidden bearish divergence in RSI and stochastic is at highly overbought in daily timeframe with a declining trend in volume.
It is moving up with below average volume, which is unsustainable.
I am still expecting it to move as per my previous TA linked below and this time it will not fall below 32000 level.
Current scenario is just a bull trap.
Will see what plays out.
Trade cautiously.
Peace!!
BankNifty Analysis/Prediction for tomorrow 25-05-2022 (WednesdayNSE:BANKNIFTY Analysis/Prediction for tomorrow 25-05-2022 (Wednesday)
For flat/Gap-Up/Gap-Down Opening
🟢 Buy CE, if prices closes above 34425
👉 Target Should be T1- 34820, T2-35020
🔴 Buy PE, if price closes below 34180
👉 Target Should be T1- 34000 T2-33820, T3-33600
NiftyBank Futures Key Trading Levels for 13th May 22NiftyBank Futures Key Trading Levels for 13th May 22
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
BankNiftyFutures Key Trading Levels for 8th April 22BankNiftyFutures Key Trading Levels for 8th April 22
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Banknifty Setup For Tuesday 29/03/2022During the session banknifty made strong come back from bottom and closed above morning high.
On the daily time frame the index made a hammer candle which is bullish sigh.
Banknifty components are doing great and strong traction is visible.
Trading setup
Buy above 35770
Target 1 - 35900
Target 2 - 36030
Target 3 - 36160
Sell below 35470
Target 1 - 35350
Target 2 - 35210
Target 3 - 35030
Like share and follow.
Stay tuned for intraday update.