NSE BankNifty: Technical Analysis

First, I recommend reading the previous report of BankNifty.
Link: BANKNIFTY Can’t Wait to Fall – Even Without NIFTY’s Help

free nse BANKNIFTY futures daily chart tips

According to technical analysis, Banknifty is trying to collapse. It needs solid support to reenter into the uptrend channel. The strong support is nearby the 34600 level. It will try to retest 35260 – 34880 – 34600 levels this week.

The uptrend will start in below two conditions:

  • If Banknifty remains above the uptrend channel.
  • If Banknifty breakout the parallel channel.

MACD, DMI, MA, and Volume are signaling bears are stepped in.

What will happen if conditions break? Don’t miss reading the next report…

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NSE BankNifty, Apollo Hospital, Bajaj Auto – Trading Calls

Did you sell Bajaj Auto? Click on the below link to read the pre-market free tips of Bajaj Auto. Wherein I had said to sell today at the opening bell.

[Yesterday] 6:00 PMIs NSE Bajaj Auto at The Tipping Point To Start Bearish Move?

Free nse stock bajajauto chart calls

Bajaj auto was on the upper band of the parallel channel and facing the resistance. Price was stuck on the pivot level 3629.

I had mentioned in bold words, “Price is bullish above pivot level 3629, But if the price fails to break the crucial pivot, traders can go short for the following targets: 3573 – 3441 – 3345“.

free nse stock bajajauto daily chart calls
AFTER

Today, Bajaj Auto reached the first target of 3573 and made a low of 3564. Will it hit the second target? Price sentiments are bearish and more supply will drive price to another lower low price.

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NSE Apollo Hospital Free Call

Apollo hospital was on the crucial equilibrium level 4745. Today, the price broke down. So we can expect more collapsing here.

Furthermore, have you read my pre-market free tips report of Apollo Hospital? If not, click on the below link:
NSE Apollo Hospital Sentiment Speaks OMG It’s A Bearish Price Pattern

I had said in clear words, “If the price breaks the crucial level of 4745 and sustains below it, a trader can expect the following targets: 4705 – 4635 – 4564 below.”

TODAY:
9:15 AM – Apollo Hospital reached the first target of 4705.
10:05 AM – Apollo hospital reached the second target of 4635.
10:50 AM – Apollo hospital reached the final target of 4564.

If you have traded this setup, you could grab 272+ points in just 2 hours!

BANKNIFTY Can’t Wait to Fall – Even Without NIFTY’s Help

Did you sell BankNifty yesterday?

Read yesterday’s pre-market trading calls report of BankNifty by clicking the below link [Profit Per Lot: Rs.27,000+]:
NSE Banknifty Break-out OR Fake-out?

I had written, “If Banknifty doesn’t cross/close above the second level, you should prepare for the following targets: 36000 – 35800 – 35400 below”.

Yesterday at 12:40 PM – The first target of 36000 has reached.
Today at 9:15 AM – The second target of 35800 touched.
Today at 12:30 PM – The third target of 35400 (Low – 35384) has arrived. And BankNifty is started moving upward. Why?

Will it fall or skyrocket from the last target? To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

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Nifty & BankNifty, BajajAuto, Apollo – Tips & Updates

Free nse stock bajajauto chart calls

Is NSE Bajaj Auto at The Tipping Point To Start Bearish Move?

Key Level: 3631
Quick explanation:
Bajaj auto has started rejecting demand pressure.
Price is bullish above pivot level 3629, But if the price fails to break the crucial pivot, traders can go short for the following targets: 3573 – 3441 – 3345.

Detailed study:
Bajaj Auto has been forming a downtrend channel for more than 14 months. It has created an all-time high of 4361 and started its secondary downtrend move. Bajaj auto has three rejections on the upper band & lower band.
Currently, the price is on the top upper band of the parallel channel and facing resistance.
If the price fails to break the parallel channel, traders can expect a price touch on the control line.
The Control line has seven confirmation points, which validates the strength of the control line. We can see a pivot level of 3629 with five flip-flop confirmations. Bajaj auto is bullish above 3629, but the breakdown of this level will create concern for the buyers.

NSE Apollo Hospital Sentiment Speaks OMG It’s A Bearish Price Pattern

If the price breaks the crucial level of 4745 and sustains below it, a trader can expect the following targets: 4705 – 4635 – 4564 below. Apollo Hospital has bearish sentiments. Price has created moolahs top pattern, and the price action of the current move is corrective.

Nifty Update: Impending Decline started

Nifty gap-up has increased the supply pressure as sellers found the high prices.
Click Here to read today’s research report.

I have mentioned in bold words, “The rejection from the control line will drive the price to 17150 – 17012- 16900.

eurusd-gbpusd forecast rain
Today at 12:50 PM – Nifty reached the first target of 17150.
Today at 1:25 PM – Nifty reached the second target of 17012.

Will nifty reach the final target of 16900?

Bank Nifty Update: Will bank Nifty reach the final targets?

Click Here to read today’s Bank Nifty report

I have mentioned in clear words, “If Banknifty doesn’t cross/close above the second level, you should prepare for the following targets: 36000 – 35800 – 35400 below.”

taper-decision
Bank Nifty reached the first target of 36000, and made a low of 35941.

Will BankNifty Touch the Second Target Tomorrow?

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BANKNIFTY Can’t Wait to Fall – Even Without NIFTY’s Help

free nse BANKNIFTY daily tips chart

NSE Banknifty Break-out OR Fake-out?

Key levels: 36496 – 37060
Bank Nifty was following the uptrend channel from Dec 2020, and it had broken on 02 March ’22. There’s a new parallel channel unfolded.

In the last trading session, Banknifty has created a shooting star pattern. And this pattern is a single line pattern that indicates an end to the uptrend. At the same time, it is close to a parallel channel resistance line. Moreover, advance traders must look at 100 EMA on it. These signs are signaling further decline. And that could be from the parallel channel’s resistance line to control price.

An uptrend possibility comes from key levels breakout. So intraday traders can use it as an invalidation level. Moreover, Banknifty prices can hike up to that level this week.

If Banknifty doesn’t cross/close above the second level, you should prepare for the following targets: 36000 – 35800 – 35400 below

Where can be spotted after a breakout of 37060 level? To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

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Where is my critical Resistance on Bank Nifty?

A =0.618 B (38660), I wouldn’t want to see the prices cross and close above 61.8% ratio that is wave 1 at 38426 nearby of A and comes into play as resistance the previous swing high 37581(Wave 4) nearby.

banknifty

OR

A five-wave decline in the BANK NIFTY , from 41830(Oct.) to 34019(Dec.) is complete. The 34019 low is wave A of a larger five-wave decline. The 2h range chart shows that wave B took the form of a double zigzag pattern, carrying to meet the top (W=0.618 Y) 38660. The previous 37385 resistance zone can again react as resistance. Currently, everything are positive on the day before and the day after, but wave ((Y)) (circle) of C of B can be labeled.

As those familiar with the Wave Counting model know, the B (corrective) wave in a downtrend is a counter-trend price move. In other words, it’s up. When wave B is complete, wave C down follows.

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Bank Nifty Illustrates That Don’t Buy At Dip Blindly

Buyers neither faced the falling knife nor paused the bloodbath, and the sellers won the day.

free nse banknifty hourly chart tipsBEFORE
09 Dec 2021 (10 Days Ago)

Price had stuck in the descending channel, and we had a chance to see the maximum move of 37800 due to the supply zone.

I have mentioned (click here to read the previous bank nifty report), “you must note the second resistance of 36871. It is a barrier for buyers. If Bank Nifty remains under of it, then we may see an excess of this channel. And that will collapse the Bank Nifty prices from 36800 to 36300 – 35696 below.”

free nse nifty stock tips chartAFTER
17 Dec 2021 (3 Days Ago)

Price had started an upward move and made a high of 37581.
Bull traders pushed prices near the supply zone where sellers had taken control.

2:35 PM, Bank nifty reached the last target of 35696 and made a low of 35535.

Even if you have traded after the breakout of 36871, you could have 1164 points in just three days.

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