Retrace started, pattern is clear !A very clear and consistent HH-HL price action and measured moves down !
I believe we will see a retrace back to the TrapZone. what do you think ?
BANKNIFTYN2024 trade ideas
BANKNIFTYBANKNIFTY closed be,low va
1. gapup 49400 long till 49800
2. 49400-49050 trade reversal
3. gapdown 49050 short
BANKNIFTYBANKNIFTY closed above va
1. gapup 48200 long till 48400
2. 48200-48000 trade reversal
3. gapdown 48000 short
BANKNIFTYBANKNIFTY closed below va
1. gapup 48300 long till 48400
2. 48300-48100 trade breakout
3. gapdown 48100 short till 47950
BANKNIFTYBANKNIFTY closed above va
1. gapup 48900 wait for retracement for fresh longs
2. 48900-48700 trade breakout
3. gapdown 48700 short till 48450
BANKNIFTYBANKNIFTY closed above va
1. gapup 49550 long till 49800
2. 49550-49100 trade reversal
3. gapdown 49100 short
BANKNIFTY BANKNIFTY closed inside va
1.gapup 49200 long till 49400
2.49200-48900 trade breakout
3. Gapdown 48900 short
BANKNIFTYBANKNIFTY closed below va
1. gapup 48700 long till 49000
2.48700-48400 trade reversal
3. gapdown 48400 short
BANKNIFTYBANKNIFTY closed below va
1. gapup 49400 long till 49550
2. 49400-49050 trade reversal
3. gapdown 49050 short till 48950
BANKNIFTYBANKNIFTY closed above va
1. gapup 49150 long till 49400
2. 49150-48950 trade reversal
3. gapdown 48950 short till 48800
BANKNIFTYBANKNIFTY closed inside va
1. gapup 48370 long till 48500
2. 48370-48100 trade breakout
3. gapdown 48100 short till 47960-47880
Uncertain Bank Nifty has not reached the X marked spot yet. A little higher ticks can be expected before it consolidates OR is shot down to a short term low. I will be more comfortable shorting Nifty at open.
BANKNIFTYBANKNIFTY closed above va
1. gapup 48200 long till 48400
2. 48200-47600 trade reversal
3. gapdown 47600 short
Short covering OR sell off Bank nifty faces the same scenario as Nifty. Let us see what the bears hold at higher levels for the Optimists. HDFC Bank will be in focus.
BANKNIFTYBANKNIFTY closed inside va
1. gapup 48200 long till 48400
2. 48200-48000 trade reversal
3.gapdown 47850 short
BANKNIFTYBANKNIFTY closed above va
1. gapup 48200 lomng till 48350
2. 48000-47600 trade reversal
3. gapdown 47600 look for shot
Crucial support level. This is the support we have been waiting for since 2nd of May. Now that we have made daily candles that look a lot like reversal candles to me, I am absolutely sure about being unsure on what to to. Will perhaps let Bank Nifty decide for herself on a moon first. Till then, I have a seat with the audience.
BANKNIFTYBANKNIFTY closed below va
1. gapup 48100 long
2. 47700-47500 trade reversal
3. gapdown 47500 short
BANKNIFTY1!Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Weak weak ?Will the banks be able to close this week above these crucial levels is the big question. Them Bank Nifty remains the lone crusader who never gave into this bloodbath.
BANKNIFTY BANKNIFTY closed below va
1. gapup 48050 long till 48150
2.48050-47700 trade reversal
3. gapdown 47500 short
Banknifty now ready to move UpsideThe downside is now completed. banknifty is now ready to reverse as it has taken a clear support at pitchfork line. Our first tgt is 49094 and final tgt for this reversal is 49500
