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.
Good time to LONG Bank Nifty and Nifty today… at its decent Support. OVERSOLD condition in both
Bank Nifty is stuck in a difficult zone from where it has a lot more to fall than NIFTY before we can say it's with the bears.
Support and resistance of bank nifty for 09/05/2024 .
Place of action and attraction. Piece of Misery and Mystery. Some choose a day, some choose week, some choose months, the end is the channel, but inability to channel one's thoughts and resultant actions. Blame hunting, stops, Algo. Algo is GIGO. It does not do anything that you did not ask for! While short term moves are nothing but noise, there are ways and...
Attention dear Traders! Before you dive into the exhilarating world of trading, where fortunes are made and lost faster than you can say 'bull and bear', remember this: I am not your financial guru, wizard, or psychic hotline. My advice should be taken with a grain (or shaker) of salt, as I'm not a licensed financial advisor Trading is like riding a...
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...
Gap Up Opening: Consider buying if BANKNIFTY opens above 48300 and sustains with support at 48200, targeting 48531 – 48621 with a stop loss at 48150. Short trades can be considered if the price sustains below 47950, targeting 47824 – 47574. Flat Opening: If BANKNIFTY opens flat and sustains above 48177 for the first trading hour, consider buying with targets at...
Support 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...
I am sharing Nifty Levels this levels act as important support and resistance for intraday . If you want to trade with this levels wait for 15 min candle closing above that levels. You can trade with breakout and reversal both. Please note this levels are for intraday trading only.
Banknifty at present trading in chanel we all can see clearly so according to chanel 47400-47500 is support area so we can expect bounce from this zone and if break this zone then we may see another fall
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...
If the ritual we mentioned yesterday plays out, a PUT buy in Bank nifty could be the trade of the year. But again Bank Nifty is also at a crucial FVG level. And to the bottom of the channel, it has a long way to go.
Attention dear Traders! Before you dive into the exhilarating world of trading, where fortunes are made and lost faster than you can say 'bull and bear', remember this: I am not your financial guru, wizard, or psychic hotline. My advice should be taken with a grain (or shaker) of salt, as I'm not a licensed financial advisor Trading is like riding a...
Fall shaper, all round. Bulls were in loss of shape, loss of words, circular search. No google, only Wobble. The big picture is in a Range, short term is precarious. Fall looks impulse. Close near the vital area of 48200-300. Next level of support 47900 that is the hope. Will this support cushion means fall somewhere else? PSU and Real Estate took the...
Bank Nifty may fall below 48000 level. The demand zone for a good long entry - 47800
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...
Gap Up Opening Scenario: If BANKNIFTY opens with a gap above 48500 and sustains above 48450 for the first hour, a recovery towards 48677 may occur. Further upside movement towards 49000-49100 is possible if the price holds above 48677. Conversely, trading below 48300 may signal a breakdown towards 47971-47823. Flat Opening Scenario: In case of a flat opening...