banknifty banknifty after breakout all timr high its rally going 4.70 percentage so 51000 banknifty reach chance
Bankniftyprediction
[INTRADAY] #BANKNIFTY PE & CE Levels(19/04/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 46950 level then possible downside rally of 400-500 points upto 46550 Level & this rally can can extend another 400 points if market gives breakdown 46450 level in todays session.Any Major upside only expected in case banknifty starts trading above 47050 level to 47450 level.
Bank NiftyPair : Bank Nifty
Description :
Impulse Correction
Bullish Channel as an Corrective Pattern in Short Time Frame
Break of Structure
RSI - Divergence
Completed " 12345 " Impulsive Waves
[INTRADAY] #BANKNIFTY PE & CE Levels(16/04/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 47950 level then possible downside rally of 400-500 points upto 47550 Level & this rally can can extend another 400 points if market gives breakdown 47450 level in todays session.Any Major upside only expected in case banknifty starts trading above 48050 level to 48450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(15/04/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 48450 level then possible downside rally of 400-500 points upto 48050 Level & this rally can can extend another 400 points if market gives breakdown 47950 level in todays session.Any Major upside only expected in case banknifty starts trading above 48550 level to 48950 level.
10 APRIL 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap down
Focus to buy above 48500 if sustain above 48400 focus for short selling
After A gap down opening if Banknifty sustains Above 48600 and takes Support from 48600 then open target for T1-48700, T2-48800,T3-49000
If the Banknifty gap down opening sustains Below 48400 and takes resistance below 48400 then the open Targets for T1-48300, T2-48200,T3-48100
Major Levels 48500,48600,48800
If the market stands in this area of 48600 to 48800 then it is possible that even today the market will remain in the range.
[INTRADAY] #BANKNIFTY PE & CE Levels(09/04/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 48550 level then possible upside rally of 400-500 points upto 48950 level & this rally can extend another 400 points if market gives breakout 49050 level in todays session.Any Major downside only expected in case banknifty starts trading below 48450 level to 48050 level.
What a stop!At least Bank Nifty is listening to me. It did stop indeed. Now let us see how bullish the bullish of bulls are on Indian Banks and their short-term growth prospects. No one is accumulating HDFC at least as expected. Fresh buyers have to come in and buy some banks take it higher.
BankNiftyBank Nifty Daily Chart breakout with symmetrical triangle Pattern buy bank sector stocks & bank nifty 1Target 50,000 2Target 55,000.
[INTRADAY] #BANKNIFTY PE & CE Levels(02/04/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47550 level then possible upside rally of 400-500 points upto 47950 level & this rally can extend another 400 points if market gives breakout 48050 level in todays session.Any Major downside only expected in case banknifty starts trading below 47450 level to 47400 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(22/03/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 46550 level then possible upside rally of 400-500 points upto 46950 level & this rally can extend another points if market gives breakout 47050 level in todays session.Any Major downside only expected in case banknifty starts trading below 46450 level to 46050 level.also possible reversal downside 46950 level.
19 MARCH 2024 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 sustains Above 46400 and takes Support from 46400 then open target for T1-46500, T2-46700,T3-46800
If the Banknifty gap up opening sustains Below 47000 and takes resistance below 47000 then the open Targets for T1-46800, T2-46500,T3-46400
Major Levels 46500,46700,46800
If the market stands in this area of 46500 to 466700 then it is possible that even today the market will remain in the range.
BANKNIFTY--Head & Shoulders ??BANKNIFTY index is at important zone of resistance.
price filled the bearish Gap at 48100 levels..
on bottom side price by consolidating above the major trendline, price tested the zone of resistance at 48100.
this is the time to look for bearishness or Bullish continuation.
Price is at Major zone of resistance.. This is one more crucial phase to continue or reversal.
Head ::
Consider the price movement above 47400 as Header section.
Left shoulder ::
Left shoulder is already confirmed at 47400-47200 levels.
Right Shoulder::
wait for the price to form a right shoulder... near the 47200 levels...
Neckline::
Neckline is already located at 45600 levels.
wait for the price to break the neckline or reversal from from neckline and gives us retracement to enter short side by keeping the SL at above the Left shoulder(NOW), also a right shoulder later, just wait for confirmation.
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Until price breaks the left shoulder keep in long side.
If left shoulder will push the price up or Not. so wait for the price reaction at that levels.
BANKNIFTY--Bullish Setup??Bank nifty taken the liquidity below the 47200 levels...
on bottom side we have a strong bullishness observed by breaking the trendline @46800 levels,
now price is on its way to test this zone of support. this is the only zone that can push the
BANKNIFTY further upside...
keep in long side as long as price is above this levels.
on the other hand, IF price failed to breaks the NECKLINE or failed to create the right shoulder price will again test the ATH levels.
this is the only short cut way to reach the ATH again.
Reversal Rising Wedge pattern in Banknifty indexBANKNIFTY INDEX
Key highlights: 💡⚡
📈 On 1 Hour Time Frame Banknifty Index Showing Reversal of Rising Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Above 48400+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this Banknifty index can gives strong upside rally upto Above 50670+.
📈 Can Go Long in this Banknifty index by placing a stop loss Below 45720-.
[INTRADAY] #BANKNIFTY PE & CE Levels(11/03/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 47950 level then possible downside rally of 400-500 points upto 47550 Level & this rally can entend another 400 points if market gives breakdown 47450 level in todays session.Any Major upside only expected in case banknifty starts trading above 48050 level.Also possible reversal upside 47550 level.
BANKNIFTY--@Trendline ResistanceA strong bullishness is observed in BANKNIFTY index, now it is at one more crucial stage
this time will this breaks the trendline or fails to break this line.
if price failed to make a break above this will observe a one more fall in Bank Nifty.
On bottom side we have liquidity lies below 44600 levels...
Wait for the price to break the trendline and sustain otherwise fall happens.
This is the place to book all longs for now.
BANKNIFTY--S/R Levels??I am sharing the important levels of Support and Resistance. These levels plays 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.
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keep in long side as long as price is above the trendline. will go for short once price breaks and retest of trendline.
BANKNIFTY--Rally Base Rally or Reversal??A strong bullish momentum is observed from double bottom levels,
now price is near to the previous strong resistance area, if these resistances acts as support then only will see an upside momentum...if they failed to push, it will continue its momentum towards below levels...
CASE 1::
Rally Base Rally
If it is a rally base rally price will take the support of 45600 levels...and it will continue to move upside above 47600 levels.
keep an eye on trendline, if breaks will look for long on retracement.
Case 2::
Reversal
If we observe a consolidation on bottom side @ double bottom levels..
it will go down and reversal may happens from 44000 levels...
27 FEB 2024 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 sustains Above 46500 and takes Support from 46500 then open target for T1-46700, T2-46800,T3-47000
If the Banknifty gap down opening sustains Below 46400 and takes resistance below 46400 then the open Targets for T1-46300, T2-46200,T3-46000
Major Levels 46500,46400,46700
If the market stands in this area of 46400 to 46600 then it is possible that even today the market will remain in the range.
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.
Bank Nifty Positional chart viewHourly chart shows M pattern breakout. Initially i though it is head and shoulder but instead it formed M pattern and trend indicates downward movement. (posted in my previous post).
Right now, on Daily chart it looks it didn't proceed with W pattern. BankNifty has trapped CE buyers who would have thought that it'll fill the gap upper side. Some downnside movement in past 3 days but it was a good fight. Bulls are not exhausted yet.
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.
