Supply & Demand Zone: BankNifty at Critical LevelBanknifty at critical level and it has retraces from fibo level 61.80%.
Trade when the market structure breaks.
Bankniftyfuture
Bank Nifty Buy / Sell based on Fibo and Gann INTRADAYBuy Bank nifty at 22785 stop loss 22650 and target 23050 / 23190
fibonacci and gann always rocks follow us, support us and research with us
rading Bank nifty would be very challenging this month.Trading Bank nifty would be very challenging this month.
Monthly Chart - Formed Bearish Engulfing
Weekly Chart - Bullish engulfing
Daily Chart - Big Bull candle but at resistance ( may become last engulfing)
If on Monday. Banknifty does not take out 22300-22500 levels on the upside, chances are high that it would be going down again.
Immediate Support @ 21670 and 21530
Expecting High Volatility.
IF you are new bee trade light with strict stop loss.
BANKNIFTY FUT: 22900 INCOMINGBank Nifty Future Analysis:
Showing clear signs of bullishness as per price analysis with high volume and poor bearish candle formation. Bnf futures had gone to run stops inorder to get liquidity for the upside in the coming days.
This is a clear long setup and initial target of 21800 was hit.
Note: This surpasses all retail logic and thinking. There was no retail indicator, trendlines or any such retail tools used for this analysis.
Disclaimer - I am not a SEBI Registered Advisor. This post is purely for educational purposes only. I will not be responsible for your profit and loss.
Please confirm with your investment advisor.
Related Ideas: @goutham_45
BankNifty Strong Bearish SignBankNifty looks strongly bearish and 19500 is likely to test soon.
Trend is down from daily time frame to 1 minute. So, I will wait for pullback just to enter a short trade unless it breaks blue trendline.
For the time being, 21000 is the crucial resistance level and 19500 will act as support.
Check out the Blue downward trendline which may act as resistance and Red upward trendline and Black horizontal Line may act as a support level.
However, I strongly believe that 19500 will break and more pain is there.
BANK NIFTY FUTURE : 07 SEP 20 :SUPPORT AND DEMAND LEVEL
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BankNifty Solid Sell Activated! RedLine Broken Plus MoreOn 29th of June, i gave a trading idea which has been activated today! See Related Idea!
What's interesting is the confluence of Pitchfork Breakout and my redline? Isn't it?
Expect a large fall, whatsoever people tell you from here!!!
Trade at your own risk! For Educational Purposes Only!
Banknifty in a Bearish Mode. Where is is heading to though? Short the mentioned levels in Intraday trade.
22132 is the key level in spot
In future short below 22322
for 200+ point targets intraday
Bank Nifty Mid term Idea for march Monthhi,
First happy to all of you... We had seen a massive blood bath from couple of weeks and main question is when it will gonna to stop and where is the bottom of index, Well Index is currently trading on Harmonic PRZ. Did take a bounce from here in last trading session but remember harmonic predict only swings . Harmonic prz not a signal for trend change. we will need to wait for bottom out and for this index is need to trade in a range some time then we can say the bottom out. Keep an eye 25800 because of PRZ area. Index will give free fall on breakdown and will approach on next harmonic prz which is 23000
BankNifty Day Trading Setup [20 Feb 2020]If BankNifty breaks the trendline with a strong selling volume, then you may witness 30500 levels. However, it may touch 31150 if it gives a breakout above 30930.
Moreover, I also found that there is a bearish divergence in 5 and 15-minute charts which may be valid for the first 30 minutes of trading.
Being an expiry day, Open Interest also suggests that expiry might be in the range of 30500 - 30100. So, I believe that 30500 will act as a support and 30100 will be a strong resistance level.
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