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Niftybank

Bank Nifty Future Quick AnalysisLong-term Bias (Weekly): Bullish Medium-term Bias (Daily): Bullish Short-term Bias (195 Min): Neutral Bank Nifty has been consolidating at the support now which was earlier resistance, and bullish bias is based on price action. At it is taking support at earlier resistance which was hit 5 times before it was broke this should act as strong support. Hence I am bullish until the highlighted levels are mentioned in the analysis are taken out :) Hopefully this analysis make some sense. Thank you, Yogesh
NSE:BANKNIFTY1!
by TradeEasyWithYogesh
BANKNIFTY FUTURE OUTLOOKWell as we can see in the chart banknifty has created an uptrend channel in the smaller timeframe. Banknifty recently went past its major 34300 resistance and broke its major 1D trendline. After that we've seen it in a slow but trending uptrend. According to my count banknifty still has space until 36100-200 (minor 5th and major 3rd) assuming there are no extensions. One can take advantage of this for intraday trading. For positional long set-ups wait for banknifty to complete its major 4th wave around 35000 (0.382 fib) or 34700 (0.5 fib). From there I see banknifty somewhere around 36900-37000 (.618 fib of inverse wave 3 and 4) to complete it 5th Major wave of the smaller time frame.
NSE:BANKNIFTY
by Sahursh25
#banknifty analysis for 4th June'2021 #banknifty analysis for 4th June'2021 Decision Line:- 35,524 - 35,595 Resistance:- 35,960 / 36,326 Support Zone :- 35,370 / 35,142 One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade. E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't. John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve. Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient. Regards, SG.
NSE:BANKNIFTYLong
by subhagghosh
3
#banknifty analysis for 24th May'2021 #banknifty analysis for 24th May'2021 AB = CD pattern observed, Wave 3, Harmonic all are giving a target of 35,200 +- 200 range, which might be a potential reversal point, before any next significant move. Decision Line:- 34,598 Resistance:- 34,867 / 35,071 - 35,271 / 35,852 Support Zone :- 34,287 / 34,048 , 33,752 Ref:- One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade. E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't. John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve. Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient. Regards, SG
NSE:BANKNIFTY
by subhagghosh
14
#banknifty analysis for 19th May'2021#banknifty analysis for 19th May'2021 Decision Line:- 33,918 (Above positive & below negative) Resistance:- 34,245 / 34,509 / 34,772 Support Zone :- 33,664 / 33,368 / 33,129 One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade. E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't. John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve. Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient. Regards, SG
NSE:BANKNIFTYShort
by subhagghosh
3
#banknifty analysis for 18th May'2021 #banknifty analysis for 18th May'2021 Decision Zone: 33,046 - 33,200 (Above positive & below negative) Resistance:- 33,880 / 34,000 / 34,442 Support Zone :- 32,910 / 32,804 / 32,680 Too quick rally to sustain, longs be aware. One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade. E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't. John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve. Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient. Regards, SG Ref:-
NSE:BANKNIFTY
by subhagghosh