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Ab=CD and XABCD, FIB Projection and Reversal confirmed. SL is 800 Tgts are 725 and 700
MONTHLY CHART: This month' index has been trading at all-time highs, it exceeded the high made (32773.85) in December 2019, now sustaining above it, is going to be more important to see new highs moving forward. FIBONACCI Support: 34200 Price Support 32700 RSI: 65 Price action: Since September 2020, prices had been up and the best part is that the prices are...
In this video, we are going to analyze Bank Nifty for 19 FEBRUARY 2021.
Banknifty has broken the major trendline. However, it has strong support zone near 36500 levels. Shorting opportunity once it breaks 36500 strongly. Let it break this level and when it retest, you can short Banknifty near 36500. However, you can also short if you found rejection candle near the downward trend line.
HDFC Bank reacting from 1.618 Fib and 2.618 FIB Projection. Bearish Div on Daily. Short below 1580 with SL as 1625 Tgts are 1500 and 1450 Nice R:R
It's one side bullish strategy. It doesn't mean BNF will go up only. Trade is activated only when BNF give 15 min closing above 36500.
Bank Nifty Made high 34500 from 31000 (Final Level Touched) As Predicted 30.01.2021
BANKNIFTY, Daily Chart Three consecutive close above 33100 will take it to 36960 & 38000+++ levels in days to come. Stop loss below 31500 on a closing basis. Any fall downside will be buying opportunity. Disclaimer I am not SEBI REGISTERED...
(1) Rising wedge breakdonw with long bearish candle (2) Harmonic Patterns with 0.886 and 2.618 (3) Trendline holding banknifty finally broke today with force this is turning out to be sell on rise.
Buy above and Sell Below levels are given. Simple Low Risk approach: If Bank Nifty Opens, sustains and goes up in the Green Zone, buy. If Bank Nifty Opens, sustains and goes down in the Red Zone, sell. If Bank Nifty opens in the white zone, wait for the trend to reveal itself. Ignore everything else. Riskier approach (Ignore if you like playing safe) If...
Buy Bank Nifty above 32,090 (Just view in one side) Neglect if Bank nifty breaks 31,500 and goes below 31350
Bank Nifty - In my Last Post , I have said 31500 is acting as Strong Resistance. Today Global Trend was down but Nifty & BNF opened Gap Down and also broke imp resistance of 31500 and closed above that. Also, it gave closing above the Trendline. Till 31500 approx 50 Lakhs shares are short (07th Jan Expiry). I expect Non - Stop Rally of Bank Nifty to...
** PLEASE NOTE THAT ALL LEVELS MENTIONED ARE SPOT ** Good evening! The index managed to take support around 29100 and bounced back but with a lack in vigour. At the moment all the highs are being sold by DIIs (and lows bought) while FIIs continue to remain net buyers. Even if the index breaches its 1 wk avg, now around 29940, it will face heavy resistance around...
My trending system generated a buy signal on a 15 minutes time frame. The buy signal was generated 29600 with a tight SL of 29400. The targets for this level are coming around 30500-30400 and these levels are also a major supply zone! I use my system to identify a trend and to find possible targets I prefer to use Fibbo levels.
BankNifty is in strong uptrend and my personal view on BankNifty is bullish medium to long-term. However, you can expect correction soon. So, for swing traders and investors correction may provide you an opportunity to enter. That's why you need to know from where BankNifty might bounce back. So, I draw key diagonal Support and Resistance level. Wait for these...