BankNifty Intraday levels valid for September 7th 2023. Levels Works Perfect on 5 Min Timeframe, All The Best. Follow these levels strictly on 5 min TF. Buy Above 44416 & Sell Below 44310.
The neckline broken strongly...
the trendline broken strongly....
Price opens gap down and moved to down side drastically.
Now we have 2 options, where to look for short again.
1. Neckline or
2. Trendline.
So in order to reach these 2 points, price has to reversal,
so from which zone we can expect a reversal.
If we see on bottom side,
today price has taken...
Today will be FLAT opening in BANKNIFTY . After opening if banknifty start trading above 45050 level then possible upside rally of 400-500 points upto 45450 Level.Any Major downside only expected in case banknifty starts trading below 44950 level.
If we look at the chart price breaking the trendline and moving super bullish...
after breaking the trendline price moving like a rocket.
Today after breaking the trendline price is not moving much points....
it's slowly moving to the upside..
Case 1::
What happens if price not able to move upside::
If tomorrow price opens gap up and it has to move upside, if...
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. Any Major downside only expected in case banknifty starts trading below 45950 level.
Observations::
After a gap up opening price is reversed immediately....
can we consider this as a buyers exhaustion...
The previous bearish gap is resisting the price to go down...
if this failed we have an immediate support in the form of resistance acts as support...
previous multiple times that price got rejected from the same zone can push the price...
This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. t
As mentioned in June 7th Trade setup price is moving in Ascending triangle pattern and to it took support near trendline.
Trade setup for tomorrow:
As we know patterns...
This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
All indices are range bound from and only give risky trades no clear directions. and boring price action i avoided trading due to work and whenever i checked there was no...
This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
As posted in previous day setup that from price as Banknifty is in parallel channel with 44151 to 44071 as resistance zone and 43470 to 43370 as support zone and on...
Dear TV Family Members, It’s been a while I have published any idea’s, been occupied for a while hope you all don’t mind.
Bank Nifty looks range bound between 44095 to 43757. Reason being on 5 min chart observed bullish shark harmonic pattern completed & in play, Bullish Gartley XAB completed.
Points as per TA observed on a 15 Min chart:
1. Bullish Shark...
If bank nifty sustain the level of 43950 and spend time and doesn’t break 43850, then 44050-44150-44200
If bank nifty break down of 43950 spend time and break down 43750, then bank nifty 43650-43550-43450.
This video is for educational purpose and my personal view .
Kindly take the trade according to your risk and reward position and consulting your advisor.
---->> The index is trending upwards.
----->> until price breaks demand zone@43500-43350 level, no sign of bearishness in the BN.
----->> The demand created @ 43600 have a chance to take the price above 44200 levels, careful here short.
----->> After taking the support from these levels, price is not moving above the 44200 levels.
yesterday showing bullish...
----------->>the stock is trending upwards in daily time frame. now the price is facing resistance 44000 levels.
------------>> We will wait for the price to break the range for confirmation of the trend of bank nifty, still it is in bullish trend.
------------>> Yesterday the price is in ranging.
------------>> the previous supply zone@43900-43850 clearly...
If bank nifty sustain the level of 43750 and spend time, then 43850-43950-44050-44150
If bank nifty break down the support level of 43750 and spend time, then bank nifty 43650-43550-43450-43350
This video is for educational purpose and my personal view .
Kindly take the trade according to your risk and reward position and consulting your advisor.
Observations::
---------->> the previous supply zone clearly resisting the price to go down , witnessed buyers succeed this time to take the price to higher levels.
---------->> Hence the price is closed @43900 levels.
If tomorrow price breaks 43400 level, we will observe a strong fall towards 43000,43100 levels
---------->> we have an untested demand zone...
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