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Bankex Analysis for 12-08-2024: Support & Resistance LevelsOn August 9, 2024, the Bankex index displayed a steady performance, opening at 57,746.91 points and reaching a high of 57,747.73 points. The index's lowest point during the day was 57,322.54 points, and it ultimately closed at 57,458.68, representing a 0.74% increase from the previous close of 57,033.81. This positive movement highlights the resilience and sustained confidence in the banking sector, despite broader market fluctuations. **Considering the recent allegation imposed by Hindenberg on the Chairperson pf Indian regulatory authority this Saturday, the outlook for Bankex remains caution full. Market can go either sideways of can be extremely volatile. Technical Indicators for Bankex: Max Pain: 57,400 PCR (Put-Call Ratio): 0.76 Neutral to Bearish IV (Implied Volatility): 11.77 as of the closing on 09-08-2024. Support Levels 57,000 PE (Put) Strike: This level shows significant support with an OI of 8,182 contracts. 57,400 PE Strike: Moderate support is observed at this level with 3,855 contracts. 57,500 PE Strike: Another critical support level with 4,317 contracts. Resistance Levels 58,000 CE (Call) Strike: This is the primary resistance level with the highest OI of 10,246 contracts. 57,500 CE Strike: Another resistance level at 6,390 contracts. 57,800 CE Strike: Further resistance with 4,016 contracts. Top Gainer: Canara Bank (CANBK) emerged as the top gainer, with its share price increasing by 3.17%. Top Loser: Kotak Mahindra Bank (KOTAKBANK) was the top loser, with its share price declining by 0.2%. Stay tuned for more updates on Bankex prediction to navigate the volatile market conditions effectively. Disclosure: The publisher of this idea is not a SEBI registered analyst. The information shared here is solely for educational purposes and should not be interpreted as financial advice. Always consult with a qualified financial advisor before making any investment decisions. The publisher does not endorse social media shares on any platform.
BSE:BANK
by shvishal
2
BANKEX S/R for 12/8/24Support and Resistance Levels: Support Levels: These are price points (green line/share) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It's important to remember that while these indicators can be useful, they are not foolproof. Always consider the broader market context and consult with a qualified financial advisor before making any investment decisions.
BSE:BANK
by zenthosh
Bankex Analysis for 03-08-2024: Support & Resistance LevelsWill Indian Banking Stocks (Bank Nifty & Bankex) Holds Amidst Global Economic Uncertainty and US Banking Sector Woes? Amidst rising uncertainties in the US economy, particularly within the banking sector, the Indian stock market pulled back from its all-time high on Friday. This retreat was a result of a widespread selloff in global markets, which had a pronounced impact on Indian equities. Banking stocks, in particular, faced significant pressure. The Bankex index registered a notable decline of 0.41%, suggesting potential profit booking at these levels. This downturn mirrors the broader market sentiment, which is currently swayed by geopolitical instability and economic concerns from leading global economies. The combined influence of these global factors underscores the interconnected nature of today's financial markets, where developments in major economies can have immediate and profound effects on markets worldwide. Bankex Support & Resistance Levels for Tomorrow: Support Levels: The first support level is at 58,400 followed by a stronger support at 57,800. Resistance Levels: On the upside, the index is already trading above its resistance at 58,850 and strong resistance at 59,100 for Intraday. Technical Indicators for Bankex Select Prediction: Max Pain: 58,500 PCR (Put-Call Ratio): 0.64 Bearish IV (Implied Volatility): 11.32 as of the closing on 02-08-2024. Since, market is over sold Banking Sector can show a re-bounce. Stay tuned for more updates on Bankex prediction to navigate the volatile market conditions effectively. Disclosure: The publisher of this idea is not a SEBI registered analyst. The information shared here is solely for educational purposes and should not be interpreted as financial advice. Always consult with a qualified financial advisor before making any investment decisions. The publisher does not endorse social media shares on any platform.
BSE:BANK
by shvishal
BSE - BANKEX- Intraday Levels - 29th July 2024BANKEX if Sustain above 58760 then 58941 to 59004 or 59065 above this bullish then 59180 to 59228 then 59306 to 59330 or 59402 above this more bullish BANKEX if Sustain Below 58590 then 58517 then 58463 to 58394 below this bearish then 57985 to 57936 below this more bearish then 57746 to 57698 then 57566 to 57539 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.
BSE:BANK
by PrashantTaralkar
Bankex Analysis for 29-07-2024: Support & Resistance LevelsDiscover Trade Opportunities in the Choppy Market Zones The Bankex is anticipated to demonstrate a cautious trend on 29-07-2024 being expiry day. Despite a recent positive performance marked by a sharp recovery from its bottom, driven by overall market sentiment and developments in the banking sector, short-term volatility remains a possibility. On the last trading session, Bankex had a subdued start but quickly gained momentum from a day low of 57,680, closing at 58,600. Key support and resistance levels for Bankex are crucial for traders to consider. Traders should closely monitor support and resistance levels as they navigate the Bankex expiry and overall trends in the banking sector. By staying informed about the Bank Nifty and its potential movements can provide valuable insights for making strategic decisions in Bankex also. The banking sector's developments and market sentiment will continue to influence the Bankex and Bank Nifty, highlighting the importance of being prepared for potential volatility. Bankex Support & Resistance Levels for Tomorrow: Support Levels: The first support level is at 57,600, followed by a stronger support at 56,800. Resistance Levels: On the upside, the initial resistance is between 58,700 and 59,000, with strong resistance at 59,300 to 59,500. T echnical Indicators for Bankex Select:- Max Pain for Bankex Index: 58,500 PCR (Put-Call Ratio): 0.79 Slightly Bearish IV (Implied Volatility): 10.61 as of the closing on 26-07-2024. Stay updated with the latest insights on Bankex and Bankex Expiry, helping you anticipate potential movements and navigate the volatile market conditions effectively. Disclosure: I am not a SEBI registered analyst. The information shared here is solely for educational purposes and should not be interpreted as a financial advice. Always consult with a qualified financial advisor before making any investment related decisions. The publisher does not endorse or support social media shares of the published content on any platform.
BSE:BANK
by shvishal
BANKEX S/R for 29/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BSE:BANK
by zenthosh
Bankex Prediction for 22-07-2024 along with Support & ResistanceIn the past few weeks, both the Bankex and Bank Nifty indices have exhibited consolidation within a defined range. The Bankex has struggled to surpass the 60,730 mark on the upper end, while consistently finding support above the 58,800 level on the lower end. This range-bound movement indicates a period of indecision among traders. On the downside, the initial support for the Bankex is identified at 59,900 . Should this level be breached, a more robust support level exists at 59,500 , which could potentially halt further declines. Conversely, on the upside, the Bankex faces initial resistance at 60,500 . If this resistance is overcome, the next significant barrier is at 60,700 , which has proven to be a formidable hurdle in recent sessions. Additionally, Fibonacci Retracement Levels have been applied to the chart to provide further insight into potential support and resistance zones. These levels are instrumental in identifying key areas where price reversals or continuations might occur, aiding traders in making informed decisions. The current consolidation phase suggests that traders should monitor these critical levels closely, as a breakout or breakdown from this range could set the stage for the next significant move in the Bankex index. Max Pain: 60,300 PCR: 0.67 IV: 15.80 as on 19-07-2024 The market can witness volatility. Since, PCR indicates nearly overbought market, Bankex can show bounce back at support levels in either half of the trading session. Disclosure: I am not SEBI registered. The information provided is for educational purposes only and should not be considered financial advice. Consult a qualified financial advisor before making any investment decisions. Social media shares are neither advice nor endorsed by the publisher.
BSE:BANKLong
by shvishal
BANKEX S/R for 22/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BSE:BANK
by zenthosh
BANKEX S/R for 15/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BSE:BANK
by zenthosh
BSE - BANKEX- Intraday Levels - 8th July 2024BANKEX if Sustain above 60334 then 60510 then 60596 to 60657 then 60678 to 60762 above this bullish then 60930 above this more bullish then 61198 to 61338 BANKEX if Sustain Below 60286 then 60186 to 60102 below this bearish then 59679 to 59617 or 59527 below this more bearish then 59422 to 59373 then 59177 to 59147 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.
BSE:BANK
by PrashantTaralkar
BANKEX S/R for 8/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BSE:BANK
by zenthosh
BSE - BANKEX- Intraday Levels - 4th July 2024BANKEX if Sustain above 60374 then 60484 to 60514 above this bullish then 60639 to 60653 then 60766 to 60790 above this more bullish then 61007 to 61021 then 61198 to 61222 BANKEX if Sustain Below 60257 then 60041 to 59993 then 59916 to 59993 or 59854 to 59829 below this bearish then 59534 to 59520 then 59422 to 59397 below this more bearish 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.
BSE:BANK
by PrashantTaralkar
BSE - BANKEX- Intraday Levels - 1st July 2024BANKEX if Sustain above 59688 then 59805 to 59854 or 59902 to 59916 above this bullish then 60049 to 60096 then 60270 to 60284 above this more bullish then 60457 to 60504 BANKEX if Sustain Below 59534 or 59503 below this bearish then 59280 to 59232 then 58941 to 58872 or 58798 below this more bearish 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.
BSE:BANK
by PrashantTaralkar
BANKEX S/R for 28/6/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BSE:BANK
by zenthosh
BSE - BANKEX- Intraday Levels - 24th May 2024BANKEX if Sustain above 58749 above this bullish then 58806 to 58847 above this more bullish then 58926 to 58967 or 58988 then 59037 to 59067 or then 59098 BANKEX if Sustain Below 58576 below this bearish then 58456 to 58445 below this more bearish then 58352 to 58273 then 58243 to 58193 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.
BSE:BANK
by PrashantTaralkar
BANKEX S/R for 21/6/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BSE:BANK
by zenthosh
BANKEX S/R for 7/6/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BSE:BANK
by zenthosh
BANKEX S/R for 31/5/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BSE:BANK
by zenthosh
BANKEX S/RSupport and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BSE:BANK
by zenthosh
BANKEX S/R for 17/5/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BSE:BANK
by zenthosh
BSE - BANKEX- Intraday Levels - 14th May 2024BANKEX if Sustain above 54602 or 54638 then 54717 to 54745 or 54774 to 54793 above this bullish then 54832 to 54860 then 54929 to 54948 or 54975 BANKEX if Sustain Below 54463 then 54399 to 54371 then 54327 to 54308 or 54284 to 54256 below this bearish then 54172 to 54141 then 54053 to 54025 then 54017 to 53998 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.
BSE:BANK
by PrashantTaralkar
BANKEX S/R for 10/5/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BSE:BANK
by zenthosh
BSE - BANKEX- Intraday Levels - 2nd May 2024BANKEX if Sustain above 55965 then 56356.80 to 56435 above this bullish then 56657 to 56671 then56872 to 56925 BANKEX if Sustain Below 55841 then 55494 to 55481 then 55379 to 55326 Strong level below this more bearish then 55024 to 55011 then 54864 to 54810 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.
BSE:BANK
by PrashantTaralkar