Bnf
Bank NIFTY BULLWhat wilhappen to BNF. ?
View of candle pattern and Upcoming Budget week bull Run will continue inaddition with Upcoming Quarter results.
BankNifty BearishGood zone to start considering shorts around the CMP
(1) Channel Resistance
(2) Bearish BAT Harmonic and Bearish DEEP CRAB harmonic Patterns
(3) Price action supply zone
RSI is showing divergence in 1 HR.
Bank niftyLooking for sells in bank nifty , price is now inside H4 bearish OB and also rejecting from 78.6 level, i expect price to reverse from this level..look for LTF BOS before taking entry
Nifty50 bearish sentiment and parallel channelnifty50 Parallel channel,
next biggest support at 16000 only.
some small stoppages: 1st stop is 16700 tomorrow.
then 16400, then 16000.
Its a bearish sentiment and BEARS dont take much time.
For intraday trader's first booking zone is 16700.
For Positional trader, keep adding more once we start trading below 16700 then add more below 16400, trail till 16000,
keep it hedged, future with puts.
naked puts as debit spreads of 15500 levels or more far.
#trading_skull
#nifty #nifty50
banknifty there is so much in chart. if market not break this low then creat a w or double bottom then go price up indicate with box. then fall aggresively. and another sinario is if market break current low then its go lower box indicate with major price then move up side waht for the market shift
BNF breakign trendline and making LL trendBNF breaking trendline and making LL trend fib level is on support
Bank Nifty shortsI'm looking for bank nifty shorts, have marked potential Point of interest, where price may reverse
BNF just broke H&S pattern be readyBNF just broke H&S pattern be ready :)
Retracing from r 1
broke fallign wedge trendline already
OI is showing all negative changes in PUT sides
MORNIGN Star IN BNF may back to positveRSI 15 min 40 taken support
Morning star candle stick pattern at support
Weekly pivot alreayd crossed
BNF making falling wedge in higher time frameBNF making falling wedge in higher time frame
We may find chance to short from top of rising wedge dynamic resistance as drawn
Enjoy my analysis is for study purpose only :)
BNF bank nifty showing another triangleBank nifty today reputed same pattern Triangle and closed at edge of triangle, so tomorrow if its start with spot where i close and 5min bullish we may see up move or if its gap up gap down and cross the pattern it may take direction as CPR is very right for tomorrow we may expect volatility.
Above are my personal observation posting my study if it can help someone :) not my recommendation to take trade accordingly.
BNF seems in Bullish mode ,,, BNF is seems on bullish mode ,,,,
RSI is higher on most of time frame,,,,
ADX shows tending above 20 & +DI also in ,,,
Big wedge Pattern breakout ,,,,
Trendline breakout,,,,,
Price taken support on 9Mea 4hr time frame,
BNF showing bullishness in RSIBNF showing positive divergence RSI on 30mn time frame
Also taking multiple support on important level
forming triangle once broke out may fly
BNF bank nifty can give recovery from current levelBNF can give recovery from current level if hold for whole day
As i think market will recover from here
1. it made double bottom from important pivot level.
2. RSI is positive diversions
3. made morning star in smaller time frame 5min
BANK NIFTY making Rising wedge flag pattern with RSI negative dvBANK NIFTY making flag pattern
with negative RSI divergence
there are two important supports 36000
& 35680 important support level if this break it will be ,,,,
Rising wedge (reversal pattern) breakdown which means big fall...
bank nifty reached ressitance i am looking for quick point dwnbank nifty reached ressitance i am looking for quick point dwn as RSI is low and there is pivot resistance
Bank nifty move will be sharp and directional on Monday. tomorrow i will trade with more than 80% of my trading capital with directional trade.
Why?
Because of last day bank nifty plot a master candle and after master candle there is a high probability of one side sharp move.
so you can trade with a good quantity out of the range of 35200 and 34900.
BNF 15 minLevels are market on the basis of fibs and these rectangle areas are my understanding for orderblocks, might be a good pullbacks.
BankNifty formation in progress HnS possibilityBNF future, it's too early and still developing, Let's hope the upside BO comes before this completes.
Bank Nifty 19/04/21 MondayTrade Wisely And Smartly .
Clearly the trend is bearish small bounces may occur , but overall market is in panic mode.
Stay wise Buy on dips wont work, use option strategies to hold overnight.
Dont go for naked option buy or sell.
The levels are given ,which can be seen in todays session or tomorrow.
bank niftythere is a bear run on market so not buyer are interested to run bull now. beware to buy this time
