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Bankniftytrading

15/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys, Good Morning everyone, According to the data today market is going to open Gap-Down After A Gap-Down opening if Banknifty sustain Above 44200 last day high and taking Support from 44200 then open target for T1-44300,T2-44400,T3-44500 If the Banknifty after a Gap-Down opening sustain Below 43850 and taking resistance below 438500 then the open Targets for T1-43600,T2-43500,T3-43400 Major Levels 44000,43900,44200 If the market stande in this area of 43900 to 40200, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
07/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys, Good Morning everyone, According to the data today market is going to open Gap-Down After A Gap-Down opening if Banknifty sustain Above 44500 and taking Support from 44500 then open target for T1-44600,T2-44700,T3-44800 If the Banknifty after a Gap-Down opening sustain Below 44000 and taking resistance below 44000 then the open Targets for T1-43800,T2-43700,T3-43600 Major Levels 44000,44300,44200 If the market stande in this area of 44500 to 40000, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY AnalysisObservations:: ----->>Look BANKNIFTY yesterday taken the support from trendline and showing bullishness. the price is completely trading in a range of previous day bearish candle. If this continue to move upside will observe a bearish gap be filled. If price breaks the trendline, we have strong support @ 43400 level, may again push the price upside. Keep watch this level. Sell Plan:: If price breaks the low @43700 level, and gives us pull back will go for short until 43400 levels. Buy Plan:: If price breaks yesterday high, we have an immediate resistance @44200 range, which is difficult to enter for long, until this breaks. If price breaks this range and gives us pullback will enter long, for target of bearish gap. If we use Fibonacci levels, if we draw it from previous low to high, which is exactly @ 0.6-0.5 range only. still the price is in uptrend only, no sign of bearishness. will be on buyside from 43400 level, until it breaks. If price is again consolidation at 43700-43400, price have a chance of breaking downwards, wait until it breaks strongly. If price not break this level, enter for long on retracement. draw trendline on the opposite side as well, then only look for buyside confirmation.
NSE:BANKNIFTY
by IIT-Trader
06/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys, Good Morning everyone, According to the data today market is going to open Gap-Down After A Gap-Down opening if Banknifty sustain Last day Above 44300 and taking Support from 44300 then open target for T1-44400,T2-44500,T3-44600 If the Banknifty after a Gap-Down opening sustain Below 44200 and taking resistance below 44200 then the open Targets for T1-44000,T2-43800,T3-43600 Major Levels 44000,44300,44200 If the market stande in this area of 44200 to 43800, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTYLong
by mr_bull10
05/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys, Good Morning everyone, According to the data today market is going to open Gap-up After A Gap-up opening if Banknifty sustain Above 44200 and taking Support from 44200 then open target for T1-44400,T2-44500,T3-44600 If the Banknifty after a Gap-up opening sustain Below 43800 and taking resistance below 43800 then the open Targets for T1-43600,T2-43400,T3-43200 Major Levels 44000,43800,44200 If the market remains in the range of 44200 to 43800, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
Bank Nifty Trade Setup (30-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. So today with big gap up opening price moved between 290 points and price action stayed sideways for almost all day. I avoided trading today because as per my trade setup i wait for 1st 15 min candle. on 5 min TF i could have scalped but i am avoiding it as i always faced losses in scalping sometimes due to broker end or sometimes trade execution. so i will only try to trade on those days where there is good market trend. Now which was resistance zone of 800 points from past 2 weeks broke today and price sustained above that zone today. Now as per change of polarity zone which was one resistance becomes support. Now 44151 will act as good support. For tomorrow setup: 1.) If it opens flat and price sustains for 1st 15 min then will look for buying opportunities for target of Today's High (44483) , 44500. If price doesn't sustains then will look for shorting opportunities for target of 44151. 2.) If opens gap up then will wait for price action to form and if price rejects today's high (44483) then will look for shorting opportunities. 3.) If opens gap down then will look for support 1st which is placed at 44197 (Today's Low) then 44151. If price takes support there and move upwards then will look for buying opportunities for target of Today's High(44483). Hit like to keep me motivated for keeping my trading journal as it only take less then few seconds to hit like but it gives me motivation for preparing for my session. Also one can comment on how I can make this trade journal better any improvements I need in it :) .
NSE:BANKNIFTYLong
by TradeInsights
BANKNIFTY--Fakeout or Breakout ??Observations:: ----->> After breaking the trendline, price tested the Resistance zone, price is fall from resistance but not able to break the last HL, @ 43400 Level. Again a strong buy ness is observed from these level. Price is in consolidation @ Resistance and Support and not able to break any previous higher low, and previous Higher High now its clear showing strong bullishness, we are still in bullishness its confirmed + In Bullish consolidation between the Support and Resistance. see the below picture, If it's a Rally--Base--Rally, we will go for buying up to 45000 we have 2 possibilities, If price breaks HH @44150 levels, Breakout happens and price falls immediately below the 44150 levels is may happens, called fake breakout. If price consolidate between Supply zone 43900-43850 @ and supply zone @44080-44150, and breakout happens consider it as a fake out and we wait for the break out. If price comes below to these levels, @43650 demand Zone and 43400 demand zone, if price consolidates in these two zones and gives us a breakdown will wait its a fake breakout or breakdown possibility. we have to check all these conditions in Range bound market. In between we have a common point zone @43800-43850 that will back to the supply zone again. The same zone @43800-43850 will pushes the downside as well. All these are range bound Scenario's, look @ all these possibilities.
NSE:BANKNIFTY
by IIT-Trader
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