BANKNIFTY
BANKNIFTY--Double Bottom??BANKNIFTY index is now at support levels.....
previously a strong bullish move is observed from this levels....
Price is now at the same strong support...a lot of liquidity is lies below this levels...
on topside price is rejected by the trendline multiple times...
so we have a trendline liquidity as well on topside....
Wait for the bullish turn from this levels...or after completion of the liquidity below these levels...
as of now we have a chance of double bottom...keep in long side from this support levels.
Safe traders wait for the price to break the trendline and retracement to enter long...
this is the only short cut way to reach the 47200 levels....
those who miss the previous opportunity this is the time to look for buying...
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Reversal Falling Wedge Pattern in BANKNIFTY INDEXBANKNIFTY Index
Key highlights: 💡⚡
📈 On 15 Min Time Frame Banknifty Index Showing Reversal of Falling Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Below 44560-.
📈 There have chances of breakdown of Support level too.
📈 After breakdown of Support level this Banknifty index can gives strong downside rally upto below 43544-.
📈 Can Go short in this Banknifty index by placing a stop loss Above 45802+.
[INTRADAY] #BANKNIFTY PE & CE Levels(13/02/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 45050 level then possible upside rally of 400-500 points upto 45450 level .Any Major downside only expected in case banknifty starts trading below 44950 level & this rally can extend another 400 points if market gives breakdown 44450 level.also possible reversal upside 44550 level.
Review and plan for 13th February 2024 Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
BANKNIFTY-- Liquidity@47200??BANKNIFTY INDEX is taken the support from the support level and neckline is failed to push the price downwards...
--->>price failed to grab the liquidity on bottom side, results in bullish entry is placed after it is failed.
------->>so wait for the price to consolidate between the Head and Right shoulder to move upside to test the resistances at 47200 and a liquidity grab above these levels...
Keep in long side as long as price is above 46200 levels, which is right shoulder.
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now price is near to trendline...
if opens up chance of moving upside is possible in this case...
keep in short side aslongas price is below the trendline and Right shoulder.
BANK NIFTY INTRADAY LEVELS FOR 12/02/2024BUY ABOVE - 45730
SL - 45570
TARGETS - 46010,46200,46300
SELL BELOW - 45330
SL - 45570
TARGETS - 45110,44900,44610
NO TRADE ZONE - 45330 to 45730
Previous Day High - 45730
Previous Day Low - 44900
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 👍
[INTRADAY] #BANKNIFTY PE & CE Levels(12/02/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 45550 level then possible upside rally of 400-500 points upto 45950 level & this rally can extend another 400 points if market gives breakout 46050 level.Any Major downside only expected in case banknifty starts trading below 45450 level.
Review and plan for 12th February 2024Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
HDFCBANK : Possible Views by StoxWarewww.tradingview.com
The weekly time frame shows a range-bound market for this stock, which is favorable for positional and futures traders. The stock is trading near its 52-week low of 1380, which is also a support channel. A break below this channel could trigger a further decline to 1280 or even 1100, which are the next support levels. However, this scenario is unlikely at the moment.
To turn bullish, the stock needs to rise above and sustain 1470, which is a resistance level. A break above this level could open the door for 1550, which is another resistance level. If the stock can overcome 1550, it will face the final hurdle at 1750, which is both the 52-week high and the all-time high. Repeated tests of this level could weaken it and lead to a new high.
BANKNIFTY--Liquidity or Bullish??Bank Nifty index is showing bearish pressure from the right shoulder...
a strong fall is noticed when neckline is rejected...
Now price is near to its demand zones...
A lot of liquidity is below the support levels...
After the liquidity grab price chances of moving is more.
on the topside, we have trendline....in order to reach the higher levels price has to break the trendline and retest...so keep in the bearish side as long as price is below the trendline...
It might be in consolidation zone below trendline and above support zones.
keep safe from these zones.
Falling Wedge pattern breakout in BANKNIFTYBANKNIFTY INDEX
Key highlights: 💡⚡
✅On 15 MIN Time Frame Banknifty index Showing Breakout of Falling Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 45880+.
✅Can Go Long in this Banknifty index by placing a stop loss below 44830-.
BANK NIFTY INTRADAY LEVELS FOR 09/02/2024BUY ABOVE - 45110
SL - 44900
TARGETS - 45330,45570,45800
SELL BELOW - 44900
SL - 45110
TARGETS - 44610,44430,44270
NO TRADE ZONE - 44900 to 45110
Previous Day High - 46200
Previous Day Low - 44900
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 👍
[INTRADAY] #BANKNIFTY PE & CE Levels(09/02/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 44950 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 45050 level to 45450 level & this rally can extend another 400 points if market gives breakout 45550 level .also possible reversal downside 45450 level.
Review and plan for 9th February 2024Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Banknifty Analysis Daily time frame I have used Elliot wave, harmonic, and personal strategy that show Target of price ( use Fibonacci calculate 2 swing and based on calculation show Target this strategy develop by me)
Fib strategy -
If Target line break ( fibo Target)then will big fall , or price atleast come near Target price and we will see reversal.THIS STRATEGY ACTIVE BELOW 44440
This is different type of analysis to publish, let's see how it doing.
In this analysis I don't use volume analysis that show me perfect level because it time consuming.
Personally use this analysis to buy stocks in deep .
Reversal Parallel Channel Pattern in BANKNIFTYBANKNIFTY Index
Key highlights: 💡⚡
📈 On 15 Min Time Frame Banknifty Index Showing Reversal of Parallel Channel Pattern.
📈 It can give movement upto the Reversal Final target of Below 45590-.
📈 There have chances of breakdown of Support level too.
📈 After breakdown of Support level this Banknifty index can gives strong downside rally upto below 45150-.
📈 Can Go short in this Banknifty index by placing a stop loss Above 46240+.
BANKNIFTY--Head Shoulders pattern??BANKNIFTY index is now taking the support form inverse right shoulder...
now we have a chance of head and shoulders pattern as well ...
keep safe before long....immediate resistance lies at 46200.
wait until price breaks the neckline and retest...then will go for shortside...