BankNIFTY prediction for tomorrow 28th NovBankNIFTY has been in the range of 43300-43700. the above resistance level has been struck out multiple times; there are more chances it will break this time to the upside. Looking at the charts and OI data, all data shows bullishness in the BANKNIFTY.
Reasons:
Multiple times (5) resistance zone strike. make it more chances to break this time. Usually, there is a high probability after three attempts. (Bullish)
Price > EMA(13,50,200) (Bullish)
Bullish Crossover successful. (Bullish)
200 EMA Support downside. (Bullish)
RSI > 60 crossing to upside.(Bullish)
PCR: 1.03 (Bullish)
Verdict:
Bullish
Plan of action:
Sell 43800 CE once break to upside. after retest add CE buying.
Bankniftytradesetup
BANKNIFTY--Inverse Head and Shoulders Pattern??If tomorrow price unable to breaks 43200 levels...results in a formation of Head, so tomorrow momentum is important for us to go bullish or bearish in Bank nifty
so wait for the price to comes back to the neckline and gives us some pullback to Right shoulder then will go for long again in Bank nifty ….until keep in watch mode...
bottom side we have a bullish gap left at 42900 levels. If opens down we have a chance of rise from that levels...
BANKNIFTY Trading Near Resistance LevelSince Last Few Days, Banknifty trading in broadening wedge pattern. Currently it's trading near resistance level.
- Downside Fall Rally Can Be possible upto 43000 level if banknifty gives reversal from this level. Based on structure of pattern more chances of downside in banknifty.
- Upside rally only possible if banknifty gives breakout of this resistance zone and sustain above it.
Comment Your View>>
BANK NIFTY INTRADAY LEVELS FOR 24/11/2023BUY ABOVE - 43650
SL - 43520
TARGETS - 43770,43870,43970
SELL BELOW - 43450
SL - 43520
TARGETS - 43250,43050,42800
NO TRADE ZONE - 43450 to 43650
Previous Day High - 43650
Previous Day Low - 43450
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.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
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 23/11/2023BUY ABOVE - 43460
SL - 43400
TARGETS - 43560,43680,43770
SELL BELOW - 43250
SL - 43350
TARGETS - 43050,42800,42620
NO TRADE ZONE - 43250 to 43460
Previous Day High - 43680
Previous Day Low - 43250
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.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
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 👍
23 NOV 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap down
After A gap down opening if Banknifty sustains Above 43600 and takes Support from 43700 then open target for T1-43900, T2-44000,T3-44200
If the Banknifty gap down opening sustains Below 43500 and takes resistance below 43500 then the open Targets for T1-43400, T2-43300,T3-43100
Major Levels 43500,43600,43700
If the market stands in this area of 43500 to 43700 then it is possible that even today the market will remain in the range.
BANK NIFTY INTRADAY LEVELS FOR 22/11/2023BUY ABOVE - 43770
SL - 43670
TARGETS - 43870,43970,44060
SELL BELOW - 43600
SL - 43720
TARGETS - 43450,43280,42050
NO TRADE ZONE - 43600 to 43770
Previous Day High - 43770
Previous Day Low - 43600
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.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
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 👍
Today Support and Resistance for Nifty and BankNifty Good Morning Everyone
Date: 22nd November 2023
1. Yesterday unfolded as anticipated – a complete range-bound day. The market sustained the gap-up, remaining consolidated at the same level throughout.
Such moves aren't favorable for the index.
I advise against buying in the index, especially positionally. Beware of FOMO-driven purchases; caution is paramount.
**Key Levels for Today:**
- *Upside Critical Point:* 19,850 (Heaviest resistance; crossing it poses a significant challenge for the index).
- *Downside Critical Support:* 19,660 (Crucial; breach may lead to deeper cuts in the index).
**BankNifty Levels:**
1. *Upside Resistance:* 43,850 (Critical for any upward movement).
2. *Downside Support:* 43,500 (Essential; breach could lead to a deeper correction).
*In the range between these two levels, consider a no-trade zone.*
**Additional Insights:**
- No specific stock updates today.
- Wishing everyone a profitable day ahead!
What's your view on this? Please share.
Contact 8130724243 for Stock Market Courses from NSE Academy. We are affiliated with Empirical F&M Academy and NSE Academy.
Hope this post adds valuable insights to your trading/investment journey.
Don't forget to share with your friends. (*Bcz as your friends join you will have someone like-minded with whom you can share and discuss and bring clarity to your learning and life.*)
***
Disclaimer:
Please note that this is only for Study Purpose and not a recommendation.
So please do your own research before investing in market.
[INTRADAY] #BANKNIFTY PE & CE Levels(22/11/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 43550 level then possible upside rally of 400-500 points upto 43950 Level. And this rally can extend for another 400 points if it gives breakout of 44050 level. Any Major downside only expected in case banknifty starts trading below 43450 level.
22 NOV 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap up
After A gap up opening if Banknifty sustains Above 43600 and takes Support from 43700 then may be fill the gap. open target for T1-43900, T2-44000,T3-44200
If the Banknifty gap up opening sustains Below 43500 and takes resistance below 43500 then the open Targets for T1-43400, T2-43300,T3-43100
Major Levels 43500,43600,43700
If the market stands in this area of 43500 to 43700 then it is possible that even today the market will remain in the range.
BANK NIFTY INTRADAY LEVELS FOR 21/11/2023BUY ABOVE - 43720
SL - 43600
TARGETS - 43870,43970,44060
SELL BELOW - 43560
SL - 43690
TARGETS - 43450,43280,43050
NO TRADE ZONE - 43560 to 43720
Previous Day High - 43720
Previous Day Low - 43450
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.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
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--@Trendline Retest??I am sharing the important levels of Support and Resistance. These levels play 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.
They serve as key reference points for technical analysis.
At the end of the session price taken the liquidity on bottom side..now the more liquidity lies on above 43800 levels...we have a strong support lies at 43300 levels...keep looking for buyside from this levels...or price may breaks this levels and reverses...keep safe here..
price recently broken the trendline ...it will retest soon...still bullishness is left...
21 NOV 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap up
After A gap up opening if Banknifty sustains Above 43700 and takes Support from 43700 then open target for T1-43900, T2-44000,T3-44200
If the Banknifty gap up opening sustains Below 43300 and takes resistance below 43300 then the open Targets for T1-43100, T2-43000,T3-42900
Major Levels 43500,43800,43300
If the market stands in this area of 43500 to 43700 then it is possible that even today the market will remain in the range.
BANK NIFTY INTRADAY LEVELS FOR 20/11/2023BUY ABOVE - 43700
SL - 43610
TARGETS - 43790,43870,43970
SELL BELOW - 43550
SL - 43700
TARGETS - 43410,43280,43050
NO TRADE ZONE - 43550 to 43700
Previous Day High - 43870
Previous Day Low - 43550
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.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
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 17/11/2023BUY ABOVE - 44170
SL - 44060
TARGETS - 44260,44410,44540
SELL BELOW - 44060
SL - 44170
TARGETS - 43970,43870,43700
NO TRADE ZONE - 44060 to 44170
Previous Day High - 44410
Previous Day Low - 44060
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.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
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 👍