Banknifty Banknifty Chart Analysis.........06/05/2024 Banknifty Long will be formed only above 49200 level. Monday, if the market comes above then you have to look for opportunity for downside trade at 49040/49120 in 49200pe Target : 48300 Enjoy !Shortby VirendraPandey0
Sell on risesell on rise . many points on the downside is due to reach bottom of the channel.Shortby wkabichandra1
BANK NIFT HOLDIN CHANNEL SINCE LONG.BN moving in channel as marked since long. If u checked daily time frame it has formed shooting star near level 50000, negative divergence visible. As long as BN hold below 49500 expecting to touch lower channel in the coming days. View personal and can be wrong.Shortby SpidyWebz3
BNK levelsLEVELS..... for coming days Thanks to everyone for follow and appreciate.... Happy Profitable trading ...... Note: This isn't financial advice, (not a buy or sell signal). This is only Knowledge sharing based on my knowledge and my risk management . Before following any ideas, do your own research and practice good risk management as of your financial status.by cvaji790
Battle of StraddlesThe FVG has been respected and this implies we are ready to fly. All will depend on the nerves of 49500 straddle writers. What steel their nerves are made of. If they run, Bank nifty runs to 50k. Now 50K is a psycho level and so are the sellers there. Overall I am bullish. Longby OldMonk130
support and resistance important levels. at these levels we look for BREAK or REVESAL or FALED BREAK. and take TRADE accordingly.Longby wkabichandra0
sell and buy zoneimportant levels support and resistance. at these levels we look for REVERSAL or a BREAK and take trade ENTRYShortby wkabichandra3
Banknifty Making Descending tringle Short entry Hello friends as you can see in 15 minutes chart market make descending triangle if market flat open make bearish candel after confirmation you can short in case market gap down open then demand zone also there wait for good confirmation reversal candle then take any call I hope you like my ideas all the best friends bye.Shortby Soyab_Ghazzi_Trader220
BANK NIFTY INTRADAY LEVELS FOR 03/05/2024BUY 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 support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍by Jagadheesh_JP21
BANKNIFTY – Levels and Trading Plan for May 3rd, 2024 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 – 49791. Rejection near new highs above 49800 could lead to a drop towards 48896 – 48807. Alternatively, breaking above 49800 could target 50187 – 50200. Flat Opening: In case of a flat opening and trading below 49159, prices might drop to 48896-48807. From there, they could find support for a recovery towards 49367 – 49558. However, failure to find support at 48800 could drive prices to 48588 – 48501 before bouncing back to 49000 – 49159. Gap Down Opening below 49000: Initially, prices may find support near 48896 – 48807. Further, if support at 48800 fails and prices trade below 48880, they could drop to the next support and the best buying range of 48588-48501. Conclusion and Disclaimer: Traders should seek buying opportunities at support levels or upon breaking resistance levels mentioned in the analysis. Short-side trades can be initiated at resistance levels with a stop loss of 100 points or upon failing support levels. Disclaimer: Trading involves risks and it's important to do your own research and consider your risk tolerance before making any trading decisions. The provided analysis is for informational purposes only and should not be construed as investment advice.by LiveTradingBox6
Bigger the consolidation better the breakout #BankNiftyBank Nifty was in a uptrend channel on 3hrs Chart / after good consolidation know Breakdown / Bank Nifty almost 5% down from the peak. if bank nifty behave sideways for a week and invite sellers then uptrend will continue. Market is supreme . Plan your trade as per Behaviour. Only for educational purposes .Longby Hussain_369Updated 1
BANKNIFTY Trading Plan for 02-May-2024: 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 opening, short trades near 49610 – 49774 with downside targets at 49367 – 49149 could be considered. A drop below 49367 might lead to sideways movement with a possible recovery towards 49427 – 49600 after support at 49159. Below 49100, further downside to 48990 could be expected. Gap Down Opening: If BANKNIFTY opens below 49200, observe for support near 49200 and a move higher, with a stop loss below 49150 and targets at 49367 – 49734. 48990 could act as a final support for the day, with potential upside towards 49800. Conclusion: BANKNIFTY likely to trade sideways to negative on 02-May-2024, with bullish sentiment contingent upon sustaining above 49774. Disclaimer: The trading plan provided is based on analysis and expectations as of the specified date. Traders should conduct their own research and consider their risk tolerance before making any trading decisions.by LiveTradingBoxUpdated 7
NIFTYBANK SELL SETUPTrading Plan 1. Daily Bias - Bearish 2. Dealing Range - Price at discount 3. PD arrays - Doji followed by FVG (Sell side Inefficiency) at Supply (48500) 4. Liquidity - Both Sell side and buy side available. 5. Draw on Liquidity - Previous day Low Concept Applied : Power of Three - AMD A - Accumulation M - Manipulation D - Distribution As the daily bias is bearish, expecting price to go higher from daily open price and takes out day's high (Buy side liquidity) and creates a strong displacement with imbalance(FVG) which creates market structure shift (MSS) and Entry inside FVG and SL above Day's High.Shortby chartology369Updated 3
Bank Nifty is jumping on Trendline in Weekly TimeframeBank Nifty is jumping on Trendline in Weekly Timeframe. Once it give a break.. The reward will be huge.Shortby mohitdixit3540
Bank Nifty is Rangle bound in a Parallel Channel for so long. Bank Nifty is Rangle bound for so long. Its time for some Action. by mohitdixit3540
BANK NIFTY INTRADAY LEVELS FOR 02/05/2024BUY 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 support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍by Jagadheesh_JP32
#Banknifty: 2nd May.#Banknifty:2nd May Step1: Any G/D Buy. Step2: Add positions more toward 48887 -S1 Step3: Exit R-1 49351 Step4: Swing hit 49608 -R-2 possible.by rudrajit_deb3
NIFTY BANK S/R for 2/5/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.by zenthosh0
BANKNIFTY- Intraday Levels -2nd may 2024If BANKNIFTY sustain above 49407 to 49438 then 49512 to 49544 then 49618 to 49649 or 49684 to 49757 above this more bullish If BANKNIFTY sustain below 49197 then 49123 to 49092 then 49024 to 48952 or 48881 below this bearish then 48807 to 48776 below this more bearish Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer - I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.by PrashantTaralkar4
BANKNIFTY Short Looks Good HereKarma Oscillator turns red which confirms the potential movement. Price crosses below the Astra line. Shortby ProfitsNinjaUpdated 112
ANKNIFTY: Levels and Trading Plan for April 30, 2024B Gap Up Opening above 49,600: If BANKNIFTY opens above 49,600, it may climb to 49,729 and 49,933 but could trade sideways to negative thereafter. Failure to sustain above 49,212 and trading below it could trigger short trades targeting 48,990, with potential further downside towards 48,609 before a potential recovery. Flat Opening: In the event of a flat opening below 49,367 and trading below 49,212, BANKNIFTY might decline towards 48,990. Gap Down Opening below 48,200: If BANKNIFTY opens with a gap down below 48,200, it might initially target 48,990 before possibly bouncing back. Further downside could target 48,609 if 48,980 is breached. Please note that these are potential scenarios and trading decisions should be based on current market conditions and individual risk tolerance.Longby LiveTradingBoxUpdated 8
Bank Nifty Short TermPlease note : Bank nifty has given cup and handle pattern breakout. There is a high probability that 53300 level can be achieved. Subject to 48000 level is not broken. DISCLAIMER : THIS IS FOR EDUCTIONAL PURPOSE ONLYLongby TradePrediction2
Bank Nifty future targetHello, As per Bank Nifty chart Analysis, support & resistance mark on chart, wait for break out. our new AI tool Market future market analysis any segment. if u like my new AI Tool, like it, follow. please comment if u like. Longby ATHARVINVESTMENT003110