BankNifty Support and Resistance levels

6 июл.

Banknifty is in rising wedge formation as we look at current levels it is at low of the channel 52400 area acting as support in case of this support voliates invalidation of channel and below levels can be tested 52200,52000,51800. In case held at support area it will continue with pattern making prices to check higher levels with minor resistance at 52800 area and major hurdle at 53250 to 53400 area where one needs to be cautious look for rejecion or breakout.

Please note that supports and targets mentioned can act as reversal check price action with price movements.

6 июл.

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5 Minutes chart for reference

8 июл.

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Still in the range

8 июл.

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short at resistance

8 июл.

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8 июл.

Сделка закрыта: достигнута тейк-профит цена

8 июл.

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for tuesday support and resistance levels , if triangle voilate long invalid

10 июл.

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11 июл.

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low of the channel got voilated below mentioned targets acheived 51800

11 июл.

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major trendline support held now immeadiate hurdle is 52400 as resistance to downside 52075 immeadiate support for Friday.

12 июл.

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short on resistance area where sell off happened previously

12 июл.

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250 points covered

12 июл.

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Premium chart of 52400 PE entry

12 июл.

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done 105 premium points target acheived.

15 июл.

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This week jul 15th to jul 19th support and resistance still in same range of last week watch out for turning points S/R.

16 июл.

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Resistance 52650 area and support 52350 area until broken precisely and sustains above or below then only a proper trade can allow, stay away inside this zone premiums will decay.

18 июл.

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If head and shoulder is valid it will check the higher levels upto 53300 to 53400 and if head and shoulder is invalid below marked levels will be checked till 51200 to 51300 area.

18/07/2024 Thursday

As of now support is 52350 for intraday and resistance is 52650 area above or below only good moves anticipating other wise sideways in between range.

18 июл.

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still in range either it broke the resistance and head and shoulder above 52600 area nor below right shoulder of head and shoulder with support 52200 area

18 июл.

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19 июл.

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Another day same story still raoming in the range !!!!

19 июл.

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23 июл.

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it broke the major daily front trendline support

30 июл.

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31 июл.

Сделка закрыта вручную