Will BANK NIFTY Hit 37800 Today?

free nse banknifty hourly chart tips

Bank Nifty had stuck into the descending channel (DC) from 25 Oct to 07 Dec. The upper trendline of DC has broken and started moving forward. It has filled the 25 Nov gap yesterday and marching towards the supply zone. We have chances to see 37600 – 37800+ levels today. Intraday traders can take benefit of it.

But you must note the second resistance of 36871. It’s 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. That’s why I have highlighted the supply zone in the above chart with a strict warning.

I have used RSI and Stoch RSI together. The Stoch RSI is indicating a downtrend ahead. But, others (MA, DMI, & RSI) are throwing positive signs. Hence, you have to focus on the second resistance line only.

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Continue reading

A Complete Report of the Bank Nifty

Before I start, I recommend you to read the following article:
Is Bank Nifty Forming An Ending Diagonal? (September 21, 2021)

Wherein you can find Elliott Wave projection on Bank Nifty daily timeframe’s chart. See below chart:

free nse bank nifty daily chart tips

Has Bank Nifty concluded the 5th wave by making a high of 41829.6? Look at the below chart:

free nse Bank Nifty results & tips

Bank Nifty price is trying to shift at the support trendline of mid-April to June.

  • Has it created A (A B C correction) by making a low of 38426.65?
  • Or is it the sub-wave (4) of wave 4?

Look at the below chart to find correction possibilities:

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Continue reading

Is Bank Nifty Forming An Ending Diagonal?

free nse bank nifty daily chart tips

Bank Nifty has completed the corrective wave (4) at 31208.
After the climax of wave (4), we have seen an impulse phase with overlapping nature. According to Elliott’s wave theory, 5th wave can become an ending diagonal.

I will update the intraday chart of the bank nifty soon. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Continue reading

Elliot Wave(30min TF) for BANKNIFTY & Throw-Over?

On the 5th, I’m expecting Throw-Over for this parallel channeling. By utilizing the 2-wave and 4-wave to determine the wave 5th connected parallel channel but herein, I suppose to break the upper band of the channel causing taking a table of U.S. election by the Biden expecting.

In essence, after the completion of the 5th wave, we are going to correct A, B, C. For the correction, The “Control Price” can attract the price.

=> Why did the price make higher & higher technical reasons?

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Continue reading

Have you enjoyed BANKNIFTY analysis?

BANKNIFTY Performance chart:

Have you remember analysis on BANKNIFTY Chart? If Not, –> Click Here to see

I had mentioned that Bank-nifty already started to look for the 4th Wave.

From Support : 32.8% at 23003=23134 & 50% at 22327, The price can travel for the 5th wave which can be above the 3rd wave.

Our First Target has been achieved by BANKNIFTY. Reversal is ready!

I hope everyone has enjoyed our FREE SERVICE

Did You Remember TCS analysis? –> Click here to see

I had mentioned that investors will be more active at that particular time and told to buy and go for longOn TCS  nearly 168 point bounce has come cheers everyone.

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Continue reading

Bank nifty already started to look for the 4th Wave

I hope members are enjoying, isnt it?

The 80 points profit…

NIFTY50 NSE:
by keeping today’s high as stop-loss that is 11790
Sell nifty 11780-11773
Target 11700

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Bank-nifty already started to look for the 4th Wave.
From Support : 32.8% at 23003=23134 & 50% at 22327, The price can travel for the 5th wave which can be above the 3rd wave.

Continue reading