Banknift key levels for 6th febBanknifty ley levels. Market view - Sell on rise. Strategy - breakout trading. For education purpose onlyShortby Shivam_Bhanot1
BANKNIFTY : Levels and Plan for 6th Feb-2024BANKNIFTY – 06/02/2024 Analysis 🏦: Gap Up Opening above 45900 🌅: Wait for prices to sustain or take support at 45835 – 45850, and plan for buy trade for the Target of 46000 – 46191 with the SL of 45712 📈 If prices fail to sustain and start trading below 45712, plan short trade below 45660 with the SL of 45720 for the target of 45334 – 45205 📉 Flat Opening 📉📈: If prices open flat, look for buy trade near 45700 – 45650 with the SL of 45600 for the Target of 46000 – 46200 📈 If prices fail to support at 45600 and start trading below 45550, look for the Short Trade for the Target of 45334 45205 📉 Gap Down Opening below 45600 🌄: Let the prices settle and check if prices quickly regain 45700 and start trading above 45700. If sustains, plan for Buy Trade with SL of 45650 for the Target of 46000 – 46200 📈 In case prices don’t regain the level and start trading below 45600, look for a short trade with the SL of 45708 for the Target of 45334 - 45205 📉 Trading involves risks, and it's advised to conduct thorough research or consult a financial advisor. Happy trading! 🚀💹Longby LiveTradingBox1
BANK NIFTY S/R for 6/1/24Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities. Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities. Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions. Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend. Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend. Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.by zenthosh0
banknifty bearish flag patternBank nifty bearish flag pattern time frame-15 min support-45000Shortby Accuratetradinggroup3
Bank Nifty levels (for 06-02-2024)Bank Nifty levels (for 06-02-2024) are given for educational purposes onlyby mathsaran2
$NSE:BANKNIFTY View For 06-02-2024 NSE:BANKNIFTY View For 06-02-2024 PDO 45,962.25 PDH 46,048.60 PDL 45,615.10 PDC 45,825.55 Range 433.50 NSE:BANKNIFTY if trades above PDH then upside Targets are as Follows Buy Above or if Finds near 45883.00 TGT 1 46149.17 Follow Levels TGT 2 46214.20 Follow Levels TGT 3 46265.35 Follow Levels TGT 4 46316.50 High Probability TGT TGT 5 46482.10 if Strong Bullish TGT 6 46750.00 If One sided Rally TGT 7 47183.50 Extreme TGT NSE:BANKNIFTY if trades Below PDL then Down side Targets are as Follows Sell bellow or if Finds near 45780.70 TGT 1 45514.53 Follow Levels TGT 2 45449.50 Follow Levels TGT 3 45398.35 Follow Levels TGT 4 45347.20 High Probability TGT TGT 5 45181.60 if Strong Bullish TGT 6 44913.70 If One sided Rally TGT 7 44480.20 Extreme TGT by dixitsoham72
6 FEB TUESDAY BANKNIFTY LEVEL INTRADAY (15Min)Red selling zone and green buying zone level learning and education purpose only Like share comment and follow Note:- DISCLAIMER "Stock market investment/trading is subject to market risk do not trade or investment without proper knowledge or without help of your financial advisor. Any information shared on this platform is purely for educational and information purpose. We are not responsible for your gain or losses."by asharam7041
$bankniftydont trade this but since its budget day flip resis to fly to yellow line Dixie still hovering under 200 ema on D1 , still expect it to get rejected and let these bubba's pop loose dashed line then looking for a deviation below white line Longby CompoundingGainUpdated 0
[INTRADAY] #BANKNIFTY PE & CE Levels(05/02/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 45950 level then possible downside rally of 400-500 points upto 44550 Level in todays session.Any Major upside only expected in case banknifty starts trading above 46050 level to 46450 level.also possible reversal upside 45550 level.by TradZooUpdated 0
Banknifty key levelsBanknify's key levels on the charts are prominently marked, indicating a potential bearish trend. The likelihood of a gap-down opening is high, given the 3% and 2% decline in HDFC Bank ADR and ICICI Bank ADR, respectively. Additionally, SBI's negative results further contribute to the cautious market sentiment surrounding banking stocks. Investors should closely monitor these developments for informed decision-making.by Shivam_Bhanot0
I will see an opportunity for CE side, Levels for this week BANK NIFTY Levels for this week 46270 45334 44416 I'm looking for CE side because of the gap (47200-47980). History says Market always fill the GAP.Longby mangleshrajput0290
BANK NIFTY INTRADAY LEVELS FOR 05/02/2024BUY ABOVE - 46300 SL - 46040 TARGETS - 46500,46670,46890 SELL BELOW - 45910 SL - 46200 TARGETS - 45660,45500,45300 NO TRADE ZONE - 45910 to 46300 Previous Day High - 46890 Previous Day Low - 45910 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_JP31
BANKNIFTY : Analysis and Trade Plan for 05-FEB-2024 📈📉 GAP Up Opening (Above 46100): Resistance Levels: If the market opens above 46100, anticipate resistance around 46194–46200. Potential Drop: Prices may decline towards 45940–45863. Bullish Breakout: Sustained trading above 46220 could lead to an upside move towards 46396–46400. Sideways Movement: Possibility of sideways trading with potential for a reversal. Flat Opening: Buying Opportunity: If prices open flat, consider a buying opportunity with support near 45863–45850. Trigger: Initiate trade if prices start trading above 45940. Stop Loss: Set stop loss below 45750 for this trade. Alternative Buying Level: If initial support is not sustained, a second buying opportunity near 45600–45585. Target: Aim for 46000 with a stop loss of 45500; below 45500, downside risk towards 45332.by LiveTradingBox0
Banknifty Intraday Levels : 05-Feb-24Banknifty closed below earlier support & taken Trendline support so wait for Breakout or rejections at zones Bullish > 46400 Bearish< 46900 All views for Educational Purpose do your own analysis before initiate trades.by ChandraBose20023
#Banknifty:5th Feb#Banknifty:5th Feb Step1: Buy zone 45688-45712 Step2: Stay long. Step3: Exit point 46197by rudrajit_deb0
@BANKNIFTY Swing/short Term TradeRisky Entry Above : @ 45949 Normal Entry Above : @ 46211 ,@ 47045 SL Below : @ Resistance level As per your Preference Targets : @ 46886 ,@ 48304 ,@ 48669 ,@ 50752 ,@ 52708 If you want minimize risks After Entry put @SL at last Higher-Low(HL) or follow trend line as SL or Trailing-SL. Plz Note : This levels are only for Swing Trade & 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 matter before investing & taking any decision. We are not responsible for any profit/loss you made. Like, Comment & ShareLongby the_chart_analytics_17
BANK NIFTY S/R for 5/1/24Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities. Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities. Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions. Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend. Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend. Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.by zenthosh3
Very Interesting looking chart of Bank Nifty (Educational Study)Bank Nifty took a sold beating after massive fall in HDFC Bank share price. 200 EMA (Father Line) came to support and it tried to make a come back since 24th of January. After consistent progress for the next few days, today Bank Nifty tried to make a come back and gave a breakout by trying to go above 50 EMA (Mother Line) but it was unsuccessful and could not close below the same. Now you must have read my earlier posts and articles which mention that 50 EMA and 200 EMA which are like Mother and Father. That's why we at Happy Candles call them Mother and Father line are the best supports at the same time they are the biggest resistances if the price is below them. Here is the classic example of the same. 200 EMA gave much needed support to Bank Nifty and after consolidation there was proper progress on chart for the same. Today 50 EMA proved as a major resistance and did not allow Bank Nifty for a close above it. A close above it would have meant that Bank Nifty has made a come back and one can go long in the same but this did not frutify. A closing below mid-channel line and 50 EMA means that Bank Nifty needs further consolidation and will have to attempt a come back again next week. If it is able to do so and give a closing above 46254 first and thereafter the resistance of 46898 which was near today's high Bank Nifty can make a come back. If that is not the case Bank Nifty will still face difficulty in going ahead and growing ahead. The main constituents Banknifty are HDFC Bank, Axis Bank, ICICI Bank, Kotak Mahindra Bank, SBIN, PNB, Bank of Baroda, IDFC First Bank, Bandhan Bank, AU Bank and Federal Bank. All of these banks can be impacted in a small or a big way by the movement of Banknifty. Looking at the chart of Banknifty, individual charts, Fundamentals and Results of all these banks an investor can make his or her investment decisions. Disclaimer: Investment in stocks and mutual funds is subject to market risks, please consult your investment advisor before taking financial decisions. The data provided above is for the purpose of analysis and is purely educational in nature. The names of the stocks given in the above article and chart of the company is only for analysis. Purpose of this article is educational. Please do not consider this as a recommendation of any sorts. by Happy_Candles_Investment0
Bank Nifty levels (for 05-02-2024) Bank Nifty levels (for 05-02-2024) are given for learning purposes onlyby mathsaran4
BANKNIFTY--@ Trendline Liquidity??Bank nifty index is facing constant rejection from the resistance @ 46300, and a lot of liquidity lies below the 45000 support levels... if tomorrow open up or opens flat, then they immediately takes the price to grab the liquidity on bottom side. so take care before going long from this area.by IIT-TraderUpdated 1116
My view on Banknifty is still bullishBanknifty consolidated after morning trend and was very volatile. Tomorrow 30 Jan 2024, I am expecting a bullish trend after breaking the consolidation in a gapup move, and a final level 47967.30 NOTE: I am not a professional investor; I have only two years of experience in stocks and investing. Please refrain from making any trades based on my chart analysis, as this is solely for community learning purposes.Longby position_loserUpdated 3
BankNIFTY- Intraday Levels - 2nd Feb 2024 *Use this levels for Index as well as Future If BankNIFTY sustain above 46281 or 46383 then 46637 then 46764 then 46889 then 47145 to 47248 then 47491 to 47632 above this we can expect more bullish movement. if BankNIFTY sustain Below 46117 then 45929 then 45790 then 45668 then 45475 to 45374 then 45088 to 44951 below this we can expect more bearish movement 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 PrashantTaralkarUpdated 1