How to read a chart and make one is an art which one can master by practicing, understanding the patterns and applying logic in addition to reasoning. Today we will try to master this art with the help of below chart of Bank Nifty. Let us analyze it togther. After reading each paragraph try to look at the chart again for understanding it better. Look at the chart...
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...
Bank Nifty Is super strong than nifty. There is a buying opportunity to go long 1. Previous Day's closing bullish 2. Trading above previous Day's High 3. Broke 1st Bearish candle on 5Min TF 4. Took Support From & Buy Signal on 5 Min TF from the marked Zone as demand & Support level.
Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47050 level then possible upside rally of 400-500 points upto 474550 level & this rally can extend another 400 points if market gives breakout 47550 level in todays session .Any Major downside only expected in case banknifty starts trading below 46950 level. also possible reversal...
Banknifty looks like going down with Head and shoulder pattern. Its an hourly chart and provided clear indication on whats happening in banknifty.
No Trading Reversal Zone: Range: 46,662 to 46,800 Analysis: The market has established a no trading reversal zone in the range of 46,662 to 46,800, suggesting a period of consolidation or indecision. Traders should exercise caution within this range, awaiting clearer signals before making significant trading decisions. Previous Day High and Open Interest (OI)...
Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47050 level then possible upside rally of 400-500 points upto 474550 level & this rally can extend another 400 points if market gives breakout 47550 level in todays session .Any Major downside only expected in case banknifty starts trading below 46950 level.
BANKNIFTY Analysis for the Upcoming Session: 1. Previous Day High and Open Interest (OI) Resistance: - Previous Day High (PDH): 47,363 - OI Resistance Zone: 47,360 to 47,426 - Analysis: The previous day high at 47,363 represents a crucial level. If the price surpasses this point, it may encounter resistance in the OI resistance zone from 47,360 to 47,426. Traders...
Double Bottom is Observed...A Strong reversal is observed from support levels @44400 levels. A lot of liquidity is lies above the 47200 levels. A Continuous move is identified in Banknifty index, after the liquidity grab on topside above 47200 levels, we have a chance of fall back. on top side we have a trendline as well. keep safe in this area of resistance zone...
BANKNIFTY Analysis for the Upcoming Session: 1. Previous Day High and Open Interest (OI) Resistance: - Previous Day High (PDH): 47,135 - OI Resistance Zone: 47,135 to 47,250 - Analysis: The previous day high at 47,135 represents a crucial level. If the price surpasses this point, it may encounter resistance in the OI resistance zone from 47,135 to...
Banknifty Index created a inverse Head and Shoulders pattern... price broken the neckline strongly...and retested. on topside clearly resistance is at 46200 and 46500-46550 levels... keep in long side until price is above the neckline... no short side until price breaks the below ...after breaks below the neckline will think of short side for liquidity grab below...
Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 46450 level then possible downside rally of 400-500 points upto 46050 Level & this rally can extend another 400 points if market gives breakdown 45950 level in todays session.Any Major upside only expected in case banknifty starts trading above 46550 level.
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 in todays session .Any Major downside only expected in case banknifty starts trading below 46450 level.
BankNifty 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...
Pair : Bank Nifty Description : Completed " 1234 " Impulsive Waves Symmetrical Triangle as an Corrective Pattern in Short Time Frame Break of Structure RSI - Divergence Rejection from Daily Demand Zone
Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 46050 level then possible upside rally of 400-500 points upto 46450 level & this rally can extend another 400 points if market gives breakout 46550 level in todays session .Any Major downside only expected in case banknifty starts trading below 45950 level.
Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 45450 level then possible downside rally of 400-500 points upto 45050 Level & this rally can extend another 400 points if market gives breakdown 44950 level in todays session.Any Major upside only expected in case banknifty starts trading above 45550 level.also possible...
Banknifty has broken the trendline strongly... if price retest then will go for long side... but on bottom side we are still pending with liquidity below the support levels... keep looking for long side after clearing the liquidity done.