NIFTY Bank Index is comprised of the most liquid and large capitalised Indian Banking stocks. It provides investors and market intermediaries with a benchmark that captures the capital market performance of Indian Banks. Nifty Bank has been rallying for weeks breaking all time highs at 28400 a few weeks ago. There is a very strong weekly demand imbalance created...
There is a lot of confirmation that HDFC bank is gonna fly again.
Negative divergence seen in Bank Nifty Chart - 15 Min and Hourly. If Bank Nifty sustains below 27650, we may see 27560. View negated if RSI breaks the trendline.
Used LongBuyLongSell and ProfitMaximizer for this analysis. BANKNIFTY has followed a certain pattern which is likely a price action. As you could visualize in the chart BANKNIFTY making tops and bottoms in Zig Zag manner. Now at present ,It is very weak and the strength meter shows it is more weak . What is next : Price drop will start from here ,Nice...
I feel banknifty will break this double like support and then touch 26200 levels before taking its next rally upside.
Bank of India is sitting in a good position for holders.
120 points made today..
this chart can understand only the tech person. Please check out the fib golden ratio and Elliot wave theory. Bank Nifty -1.30% is possible in the correction phase and can be dump hard.
Hello all, Tomorrow is weekly expiry so be aware for first 15 minutes after open the market. Please check the resistance and support levels. Regards
Hello all, explained everything that should be our levels and Targets for tomorrow Trade. Guys Please watch the analysis and ask your questions in the comment box.
#bnf #banknifty has very active sellers at the marked band. this week marked a higher high n nw tested below prev week most traded zone. A move below 26780 can lead to a test of 26730 and 26600 range
Bank Nifty Started the month on bullish note
Explained everything on the chart.
Axis Bank Has Broken Januray Trendline after so many resistance.Its sign of change in Trend. Good for Long with the Stoploss of 485. Time Frame 2 to 3 months.
Bank Nifty is about to form a top. It could drop to 20000.
Short till 19890 Tgt 19300-18700-18300 Stop Loss 20150 (All spot levels) (Short Term Positional Trade.
Hi all, Why to short bank nifty ? - 20/50 crossover, long-term trend-line break, price respecting new downward channel. Aggressive traders can short it at the moment with 19930 SL on closing basis. Safe traders can wait for the breakdown of 19250 (intraday or closing) and take support at 19000. Then sell in a retracement of 19200-19250 for a downward target of...