BUY ABOVE - 48970 SL - 48800 TARGETS - 49130,49300,49480 SELL BELOW - 48800 SL - 48970 TARGETS - 48660,48500,48400 NO TRADE ZONE - 48800 to 48970 Previous Day High - 49300 Previous Day Low - 48800 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 49480 SL - 49250 TARGETS - 49670,49850,50000 SELL BELOW - 49250 SL - 49480 TARGETS - 49020,48800,48630 NO TRADE ZONE - 49250 to 49480 Previous Day High - 50000 Previous Day Low - 49250 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 48970 SL - 48800 TARGETS - 49130,49300,49480 SELL BELOW - 48800 SL - 48970 TARGETS - 48660,48500,48400 NO TRADE ZONE - 48800 to 48970 Previous Day High - 49610 Previous Day Low - 48660 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 49480 SL - 49340 TARGETS - 49670,49850,50000 SELL BELOW - 49180 SL - 49340 TARGETS - 49020,48800,48630 NO TRADE ZONE - 49180 to 49480 Previous Day High - 49480 Previous Day Low - 49180 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 48460 SL - 48220 TARGETS - 48660,48800,48970 SELL BELOW - 48220 SL - 48460 TARGETS - 48120,47940,47730 NO TRADE ZONE - 48220 to 48460 Previous Day High - 49970 Previous Day Low - 48220 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You...
Gap Up Opening above 49100: If BANKNIFTY sustains above 49100 after the opening, it might aim for an uptick towards 49374, encountering resistance at this level before potentially moving higher towards 49725. However, failure to sustain above 49080 could lead to sideways to negative trading. Flat Opening: In the event of a flat opening, BANKNIFTY could find...
Banknifty Possible For small Downside Correction If sustain Below 48400 Next possible target Expected 46950 cmp.48970
After breaking below the support of 49367 and closing above the intraday support level of 49159, prices traded in a range without indicating any signal for recovery yet. Let's explore potential scenarios for different openings on Friday, May 3rd, 2024: Gap Up Opening above 49367: If prices sustain above 49367 in the first hour, they could move towards 49548 –...
Bank Nifty weekly levels for (06-05-2024 to 11-05-2024) Key Factors: 1. Bank Nifty has been smoothened in 3hrs and now it has been broken. 2. 49213 will act as a strong resistance and will lead to sell on rise. 3. As per my analysis, we can see 47350 soon. These ideas are given for learning purposes only.
Gap Up Opening: If BANKNIFTY opens above 49000 and sustains above 49020 for the first hour, it suggests bullish momentum. Consider buying with targets at 22300 – 22400. However, if it fails to sustain and starts trading below 48785, expect a drop to 48508- 48424. In this range, consider buying with a SL of 22380 for targets at 48785 – 48950. Flat Opening: On a...
Gap Up Opening: If BANKNIFTY opens above 49500, anticipate resistance near 49609 – 49774 and potential downside towards 49159. A bullish scenario may emerge only if prices sustain above 49774 and trade beyond 49800, targeting 50187. Sideways movement between 49367 – 49774 is probable with downside potential towards 49159 – 48990. Flat Opening: In case of a flat...
BNF is in a range now between 48500 - 48200. If the price closes above 48492 expect a short bullish action for trade. This is only bullish point of view! So entry around 48500 & Targets are as follows: 1st = 48700 2nd = 48870 3rd = 49100 4th = 49240 These are the levels from where the prices can reverse back too. its upto the person's awareness about the PA.
showing Higher High Higher low Taken 45838 support will sustain ? trendline support 45340 RSI daily below 60 and weekly also 60 (major weakness) 200 EMA 44900 another support 45600 as yesterday low
BUY ABOVE - 48220 SL - 48050 TARGETS - 48460,48660,48800 SELL BELOW - 47900 SL - 48050 TARGETS - 47730,47560,47400 NO TRADE ZONE - 47900 to 48220 Previous Day High - 48220 Previous Day Low - 47900 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 49480 SL - 49250 TARGETS - 49670,49850,50000 SELL BELOW - 49250 SL - 49480 TARGETS - 49020,48800,48630 NO TRADE ZONE - 49250 to 49480 Previous Day High - 49480 Previous Day Low - 48310 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Post big moves, Index behaving consolidated with 1 or 2 spontaneous move! Let it be in the range and wait for the hunting the prey. Tip: Once the price break down and reverse back into the entry zone - expect big directional move. In such scenario avoid holding and try to achieve 1:2/ 1:3 target and exit immediately!
Bank nifty are we done or more pain remain ? I came across the plotted chart points may be valid for Bank nifty. Your inputs are welcome. Please follow, like, subscribe.