BNF can bounce back intraday from 34450 if not broken decisively with good volumes on downside. BNF can easily take support from 34450 to move upwards towards 34650 for retest.
NSE:BANKNIFTY BANKNIFTY gave a strong move today on UPSIDE was unable to break the parallel downward channel its being trading from start of this month. Initiating Fresh LONGs on BNF soon as we see BANKNIFTY breaking this Downward channel with good volume on Upside, until it breaks it I predict that it would go down n retest 34800 on Downside once again.
NSE:BANKNIFTY had a huge movement today on both sides, but managed to stay within a close range which we discussed in my last post. Now, NSE:BANKNIFTY - needs to give a decisive move either below 34650 for BIG BEARS to come in action. Chances of UPSIDE are less, as it seems like Sell at every Upmove, if it comes then BNF has to break 35450 levels with good...
It's only my view Sell to Buy analysis. based on ICT concept. Let see how it rolls.
Hello Guys! This idea is for all who wants to get a position in the markets esp in banknifty and doesnt knows what to do. Here is a plan. If a price falls 7 days and gets a big candle which is often related as tweezers or marubozu and this pattern in days chart cant be said as bullish harami, In this usual scenario i have tried to show by brush what can happen, I...
What wilhappen to BNF. ? View of candle pattern and Upcoming Budget week bull Run will continue inaddition with Upcoming Quarter results.
Good 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.
Looking 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 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...
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 breaking trendline and making LL trend fib level is on support
I'm looking for bank nifty shorts, have marked potential Point of interest, where price may reverse
BNF 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
RSI 15 min 40 taken support Morning star candle stick pattern at support Weekly pivot alreayd crossed
BNF 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 :)
Bank 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...
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 positive divergence RSI on 30mn time frame Also taking multiple support on important level forming triangle once broke out may fly