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Bankniftyanalysis

10/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys, Good Morning everyone, According to the data today market Gap-Down is going to open After A Gap-Down opening if Banknifty sustain Above 8th Feb high 41800 and taking Support from 41800 then open target for T1-4200,T2-42200,T3-42400 If the Banknifty after a Gap-Down opening sustain Below last day low 41300 and and taking resistance below 41300 then the open Targets for T1-41000,T2-40800,T3-40700 Major Levels 41600,41500,41400
NSE:BANKNIFTY
by mr_bull10
09/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys, Good Morning everyone, According to the data today market Small Gap-Down is going to open After A Small Gap-Down opening if Banknifty sustain Above last day high 41700 and taking Support from 41700 then open target for T1-41900,T2-42000,T3-42200 If the Banknifty after a Small Gap-Down opening sustain Below last day low 41400 and and taking resistance below 41400 then the open Targets for T1-41200,T2-41000,T3-398000 Major Levels 41600,41500,41400
NSE:BANKNIFTY
by mr_bull10
Bank Nifty: Multi time frame analysis1) NSE:BANKNIFTY : Daily time frame - Consolidation going on at at the same area where previous consolidation happened. On the first occasion this led 3600 points break down and on the second occasion led to 2400 points up move. One positive aspect is that there are long wicks in candles which are signs of demand. All positional bet to be avoided unless price clearly moves above 41700 or below 41100. Until then stick to Intraday. 2) NSE:BANKNIFTY : Hourly time frame - Clear volatility contraction visible at this TF. With nice drop in volumes. Usually these are signs of break out. But wait until it happens. No pre-emptive trade. 3) NSE:BANKNIFTY : 15 minutes time frame - Price is in range. All signs of breakout/breakdown to be first spotted from this time frame. Should watch closely. 4) NSE:BANKNIFTY : 5 minutes time frame - From 6th onwards price is trading below VWAP, actually this is a sign of bearishness. But price closely following VWAP and sticking to it whenever there is trend to move away
NSE:BANKNIFTY
by Vasu_devan
BANK NIFTY 07.02.2023NSE:BANKNIFTY Refer yesterday mentioned levels. Given that, from 41690 onwards could face stiff resistance and today made a high of 41725 and reversed. Also given that 41200 and blow could lend support and got support at 41260. If todays high is taken out on tomorrow, good chance to reach up to 42000 - 42300 which is also budget day high. Reason Low volume zone all the way. 41100 to 41200 area can offer some support. Refer the chart. Meanwhile at 15 minute timeframe one beautiful VCP pattern is getting printed the break out of which will push the price up to above mentioned levels. refer the chart below. Please keep in mind following charts NSE:BANKNIFTY Daily time frame. If you remove the negative noise from the market for the moment there is nothing wrong with BNF charts. Daily time frame shows a consolidation. Refer chart below. NSE:BANKNIFTY weekly time frame looks like a shakeout. Refer chart below.
NSE:BANKNIFTY
by Vasu_devan
BANKNIFTY-1HR TIME FRAMEIt has been observed from the chart of banknifty that it consolidated in a descending triangle and then given break down of the triangle I have labeled as was observed, in a bigger picture it is forming a Big ABC where: A & B are completed and the first leg (a) of C is formed and currently in (b) leg of C. We can assume the upper cap would be around 42k for completion of (b) of C, after that we would give an impulsive down move for C wave. This is what I am observing in Banknifty chart. Any suggestion will be welcomed. Please like if you liked it
NSE:BANKNIFTY
by imkhushal
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