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Niftybankanalysis

#BANKNIFTY - A Clear AspectsSo banknifty has moved 90degree straight which I dont think stays as a ladder is only a ladder when slanted and faced a wall, if you remove the wall, it falls, so here is something similar here, 90 degree momentum doesnt stays well. 33964 to 34140 range if it stays sideways we can expect a more good fall down, but eventually if it opens flat it can race towars 34140 and then retrace and then move, on piror upmove profit booking can arise if opended gapup upto 34505 as well. Eitherways one need to be resilient when trading. May test 33295 if slids below 33736
NSE:BANKNIFTYLong
by MastaCrypta
BANKNIFTY Trend AnalysisIt is moving inside a descending broadening wedge pattern similar to NIFTY50. Expecting BANKNIFTY to hit 34900-35000 level before the last dump towards 32000 level if it will form Adam & Eve pattern I have highlighted as V shaped bottom and rounding bottom. Only if the 5th wave is overextended, it can reach the edge of the pitchfork at 30180 level. Both the scenarios are possible. 35000 level is at the confluence of 20 MA, trendline resistance and the top of the runaway gap which is going to get filled. Will update as pattern unfolds in near future. Do your own due diligence before taking any action. Peace!!
NSE:BANKNIFTYShort
by Swastik24
Simple Trade Setup | BANKNIFTY | 21-04-2022 [INTRADAY]NSE:BANKNIFTY Trade Setup for 21-04-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BANKNIFTY
by Trading_hawk
Simple Trade Setup | BANKNIFTY | 18-04-2022 [INTRADAY]NSE:BANKNIFTY Trade Setup for 18-04-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BANKNIFTY
by Trading_hawk
BANK NIFTY Comprehensive Analysis Jan 2021Hi we have analyzed this INDEX and there 2 upcoming scenarios which are based on Price Action and Fibonacci projections. both the analysis are having Time forecast as we have analyzed the Target zones by the Fibonacci Time Base tool which is giving us the at most time span to achieve the forecasted TPs the two scenarios are as follow... 1. Long. as we can see the price as touched the 161.8% level (Extension Point), of the Fibonacci projection, and it is the sign of trend continuation or rally extension so we can target the 261.8% of the same projection (40000Rs), which is specified by TP line. 2.Short. as we know this instrument has reached its past ATH, and can be counted as over bought now so we can expect some retracement and correction in the price trend we can target some of its past Resistance areas which can now be counted as its presents support zones and our ultimate scenarios TPs. there 3 main zones which are having confluences with the Fibonacci retracement of same bullish wave, we have not drown the Fibonacci levels as they make the chart a bit befuddling. please comment your opinions about both the scenarios
NSE:BANKNIFTY
by BitonGroup