Bank nifty may growBankNifty to advance from its current position, as bullish momentum seems evident. Additionally, the formation of an inverse head and shoulders pattern suggests a possible upward trend reversal. This pattern typically signifies a shift from bearish to bullish sentiment, potentially indicating further price appreciation. Investors may observe closely for confirmation of this pattern and monitor for sustained upward movement in BankNifty's price.
Bankniftytradesetup
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 👍
BANK NIFTY INTRADAY LEVELS FOR 14/02/2024BUY ABOVE - 45570
SL - 45450
TARGETS - 45730,46010,46200
SELL BELOW - 45330
SL - 45470
TARGETS - 45150,44950,44740
NO TRADE ZONE - 45330 to 45730
Previous Day High - 45730
Previous Day Low - 44740
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 👍
BANKNIFTY--Double Bottom??BANKNIFTY index is now at support levels.....
previously a strong bullish move is observed from this levels....
Price is now at the same strong support...a lot of liquidity is lies below this levels...
on topside price is rejected by the trendline multiple times...
so we have a trendline liquidity as well on topside....
Wait for the bullish turn from this levels...or after completion of the liquidity below these levels...
as of now we have a chance of double bottom...keep in long side from this support levels.
Safe traders wait for the price to break the trendline and retracement to enter long...
this is the only short cut way to reach the 47200 levels....
those who miss the previous opportunity this is the time to look for buying...
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BANK NIFTY INTRADAY LEVELS FOR 13/02/2024BUY ABOVE - 44950
SL - 44770
TARGETS - 45150,45330,45570
SELL BELOW - 44630
SL - 44780
TARGETS - 44430,44270,44150
NO TRADE ZONE - 44630 to 44950
Previous Day High - 45730
Previous Day Low - 44630
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 👍
13 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 44600 and takes Support from 44700 then open target for T1-44800, T2-45000,T3-45100
If the Banknifty gap down opening sustains Below 44600 and takes resistance below 44600 then the open Targets for T1-44300, T2-44200,T3-4400
Major Levels 44600,44500,44800
If the market stands in this area of 44600 to 44700 then it is possible that even today the market will remain in the range.
BANKNIFTY-- Liquidity@47200??BANKNIFTY INDEX is taken the support from the support level and neckline is failed to push the price downwards...
--->>price failed to grab the liquidity on bottom side, results in bullish entry is placed after it is failed.
------->>so wait for the price to consolidate between the Head and Right shoulder to move upside to test the resistances at 47200 and a liquidity grab above these levels...
Keep in long side as long as price is above 46200 levels, which is right shoulder.
-----------------------------
now price is near to trendline...
if opens up chance of moving upside is possible in this case...
keep in short side aslongas price is below the trendline and Right shoulder.
BANK NIFTY INTRADAY LEVELS FOR 12/02/2024BUY ABOVE - 45730
SL - 45570
TARGETS - 46010,46200,46300
SELL BELOW - 45330
SL - 45570
TARGETS - 45110,44900,44610
NO TRADE ZONE - 45330 to 45730
Previous Day High - 45730
Previous Day Low - 44900
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 👍
[INTRADAY] #BANKNIFTY PE & CE Levels(12/02/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 45550 level then possible upside rally of 400-500 points upto 45950 level & this rally can extend another 400 points if market gives breakout 46050 level.Any Major downside only expected in case banknifty starts trading below 45450 level.
12 FEB 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap up
After A gap up opening if Banknifty sustains Above 46100 and takes Support from 46200 then open target for T1-46300, T2-46400,T3-46500
If the Banknifty gap up opening sustains Below 46000 and takes resistance below 46000 then the open Targets for T1-45800, T2-45700,T3-45500
Major Levels 46000,46200,45800
If the market stands in this area of 46000 to 46200 then it is possible that even today the market will remain in the range.
BANKNIFTY--Liquidity or Bullish??Bank Nifty index is showing bearish pressure from the right shoulder...
a strong fall is noticed when neckline is rejected...
Now price is near to its demand zones...
A lot of liquidity is below the support levels...
After the liquidity grab price chances of moving is more.
on the topside, we have trendline....in order to reach the higher levels price has to break the trendline and retest...so keep in the bearish side as long as price is below the trendline...
It might be in consolidation zone below trendline and above support zones.
keep safe from these zones.
BANK NIFTY INTRADAY LEVELS FOR 09/02/2024BUY ABOVE - 45110
SL - 44900
TARGETS - 45330,45570,45800
SELL BELOW - 44900
SL - 45110
TARGETS - 44610,44430,44270
NO TRADE ZONE - 44900 to 45110
Previous Day High - 46200
Previous Day Low - 44900
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 👍
09 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 45100 and takes Support from 45000 then open target for T1-45200, T2-45400,T3-45500
If the Banknifty gap down opening sustains Below 45000 and takes resistance below 45100 then the open Targets for T1-44800, T2-44700,T3-44500
Major Levels 45000,45200,44800
If the market stands in this area of 44800 to 45100 then it is possible that even today the market will remain in the range.
BANKNIFTY--Head Shoulders pattern??BANKNIFTY index is now taking the support form inverse right shoulder...
now we have a chance of head and shoulders pattern as well ...
keep safe before long....immediate resistance lies at 46200.
wait until price breaks the neckline and retest...then will go for shortside...
BANK NIFTY INTRADAY LEVELS FOR 08/02/2024BUY ABOVE - 46010
SL - 45800
TARGETS - 46200,46500,46670
SELL BELOW - 45800
SL - 46010
TARGETS - 45570,45300,45110
NO TRADE ZONE - 45800 to 46010
Previous Day High - 46010
Previous Day Low - 45570
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 👍
08 FEB 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap up
After A gap up opening if Banknifty sustains Above 46000 and takes Support from 46000 then open target for T1-46100, T2-46200,T3-46400
If the Banknifty gap up opening sustains Below 45500 and takes resistance below 45500 then the open Targets for T1-45300, T2-45200,T3-45000
Major Levels 46000,45800,46200
If the market stands in this area of 46200 to 46000 then it is possible that even today the market will remain in the range.
BANKNIFTY--Drop base Drop or Bullish??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.
Trade safe...Thank you guys for your support
[INTRADAY] #BANKNIFTY PE & CE Levels(07/02/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 45550 level then possible upside rally of 400-500 points upto 46450 level & this rally can extend another 400 points if market gives breakout 46050 level.Any Major downside only expected in case banknifty starts trading below 45450 level.also possible reversal downside 45950 level.
06 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 45500 and takes Support from 45500 then open target for T1-45700, T2-45900,T3-46000
If the Banknifty gap down opening sustains Below 45500 and takes resistance below 45500 then the open Targets for T1-45300, T2-45200,T3-45000
Major Levels 45500,45700,45400
If the market stands in this area of 45400 to 45700 then it is possible that even today the market will remain in the range.