Elearnmarkets - Financial Market Learning
  • Categories
    • Basic Finance
    • Derivatives
    • Financial Planning
    • Fundamental Analysis
    • Technical Analysis
    • Marketshala
    • Miscellaneous
  • Language
    • English
    • Hindi
    • Bengali
No Result
View All Result
  • Courses
  • Webinars
  • Learn On Elearnmarkets
Elearnmarkets - Learn Stock Market, trading, investing for Free
  • Categories
    • Basic Finance
    • Derivatives
    • Financial Planning
    • Fundamental Analysis
    • Technical Analysis
    • Marketshala
    • Miscellaneous
  • Language
    • English
    • Hindi
    • Bengali
No Result
View All Result
  • Courses
  • Webinars
  • Learn On Elearnmarkets
Elearnmarkets - Learn Stock Market, trading, investing for Free
No Result
View All Result
Home Technical Analysis Market Analysis
Bank Nifty Hourly Chart

Bank Nifty Looks All Set To 25200 Levels

Elearnmarkets by Elearnmarkets
November 18, 2020
in Market Analysis, Market Wrap, Miscellaneous
Reading Time: 2 mins read
0
175
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

Bank Nifty opened above the 20 DMA mark (24326 approx) today the 1st of September.

The Index traded in a range of 172 points throughout the day and closed marginally below the 34 DMA of (24404 approx)

Hourly Technicals:

In the Hourly Chart, Bank Nifty has closed around its 5 Hour High DMA of (24446 approx).

The Index is likely to face immediate resistance around the 5 Hour High EMA (24499 approx) mark.

Bank Nifty has to close convincingly above 24500 for the Bulls to retain the stakes in their favor.

Hourly RSI and CCI are close to the higher end of their normal range.

Join TMP Join TMP Join TMP

The hourly ADX is indicating that Bank Nifty is picking up momentum.

Bank Nifty Hourly Chart

Figure: Hourly Chart

Daily Technicals:

The daily chart indicates that Bank Nifty has closed above the 34 DMA of (24404 approx).

If the Index breaks above the 24496 mark, the next resistance will be 25005.

On the downside, however, if Bank Nifty breaks and closes below its 5 Day Low EMA (24207 approx), it could find support at the 100 MA area (23419 approx).

While the daily RSI and CCI indicator has closed marginally above its normal range.

The ADX has closed towards the lower end of its normal range.

Become a technical analysis expert by joining NSE Academy Certified Technical Analysis course on Elearnmarkets.

Bank Nifty Daily Chart

Figure: Daily Chart

Weekly Technicals:

In the weekly timeframe Bank Nifty has opened above the 8 weekly Moving Average (24325 approx).

The Index will find its next resistance around the higher end of its weekly Bollinger Band (25180 approx).

Bank Nifty is likely to find its next support below the 13 weekly Moving Average (23822 approx).

Bank Nifty Weekly Chart

Figure: Weekly Chart

Bank Nifty Tech Table

Figure: Tech Table

Watch the video below to  interpret the above table:

Tags: english
ShareTweetSend
Previous Post

Nifty Closes Above All Short-Term Moving Average; Bulls Back In Control

Next Post

Nifty Falls After North Korea Nuclear Test, Closes Below 200 Hourly MA

Elearnmarkets

Elearnmarkets

Elearnmarkets (ELM) is a complete financial market portal where the market experts have taken the onus to spread financial education. ELM constantly experiments with new education methodologies and technologies to make financial education effective, affordable and accessible to all. You can connect with us on Twitter @elearnmarkets.

Related Posts

Binary Options Trading
Miscellaneous

Tips for Successful Binary Options Trading

September 29, 2022
3.1k
5 Simple Ways to Get Into Forex Trading for Beginners 1
Miscellaneous

5 Simple Ways to Get Into Forex Trading for Beginners

September 21, 2022
11.3k
Top 11 Factors to consider for taking a Personal Loan 2
Miscellaneous

Top 11 Factors to consider for taking a Personal Loan

August 29, 2022
1.4k
Term Plan with or Without Maturity Benefits - What's the Difference? 3
Miscellaneous

Term Plan with or Without Maturity Benefits – What’s the Difference?

September 12, 2022
314

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Facebook-f Twitter Instagram Linkedin-in Youtube Telegram

Register on Elearnmarkets

Continue your financial learning by creating your own account on Elearnmarkets.com

Register Free Account

Download App

Categories

  • Basic Finance
  • Derivatives
  • Financial Planning
  • Fundamental Analysis
  • Technical Analysis
  • Marketshala
  • Miscellaneous

Popular On Elearnmarkets

  • Market Superheroes:
  • Vivek Bajaj
  • Chetan Panchamia
  • Ashish Kyal
  • Premal Parekh
  • Abhijit Paul
  • Jegan
  • Sivakumar Jayachadran
  • Vishal Malkan
  • Jyoti Budhia
  • Vivek Gadodia
  • Vishal Mehta
  • Piyush Chaudhry
  • Santosh Pasi
  • Gomathi Shankar
  • Market Superheroes:
  • Vivek Bajaj
  • Chetan Panchamia
  • Ashish Kyal
  • Premal Parekh
  • Abhijit Paul
  • Jegan
  • Sivakumar Jayachadran
  • Vishal Malkan
  • Jyoti Budhia
  • Vivek Gadodia
  • Vishal Mehta
  • Piyush Chaudhry
  • Santosh Pasi
  • Gomathi Shankar
  • Courses:​
  • Options Trading
  • Dow Theory
  • Momentum Trading
  • Stock Investing
  • Stock Market for Beginners
  • Harmonic Chart Patterns
  • Algo Trading
  • Elliot Wave Theory
  • Advanced Excel
  • Cryptocurrency
  • NSE Certification Course
  • Courses:​
  • Options Trading
  • Dow Theory
  • Momentum Trading
  • Stock Investing
  • Stock Market for Beginners
  • Harmonic Chart Patterns
  • Algo Trading
  • Elliot Wave Theory
  • Advanced Excel
  • Cryptocurrency
  • NSE Certification Course
  • Webinars:
  • Bank Nifty Scalping
  • Intraday Trading Strategies
  • Options Trading Strategies
  • Options selling
  • Price Action
  • Relative Strength
  • Tax Planning
  • Options Buying
  • Growth Stocks
  • Portfolio Management
  • Relative Strength Index
  • Risk Management
  • Renko Charts
  • Crude Oil
  • Traders Psychology
  • Moving Average
  • Multibagger Stocks
  • Webinars:
  • Bank Nifty Scalping
  • Intraday Trading Strategies
  • Options Trading Strategies
  • Options selling
  • Price Action
  • Relative Strength
  • Tax Planning
  • Options Buying
  • Growth Stocks
  • Portfolio Management
  • Relative Strength Index
  • Risk Management
  • Renko Charts
  • Crude Oil
  • Traders Psychology
  • Moving Average
  • Multibagger Stocks
  • Free Learning Modules:
  • Intraday Trading
  • Options Scalping
  • Swing Trading
  • Financial Modelling
  • RSI Indicator
  • Bollinger Bands
  • Pricing of Futures
  • Personal Finance
  • Initial Public Offerings (IPO)
  • Value Investing
  • Technical Indicators
  • Candlesticks
  • Chart Patterns
  • Option Greeks
  • ELSS Funds
  • Banking and Insurance
  • Real Estate
  • Gold
  • Free Learning Modules:
  • Intraday Trading
  • Options Scalping
  • Swing Trading
  • Financial Modelling
  • RSI Indicator
  • Bollinger Bands
  • Pricing of Futures
  • Personal Finance
  • Initial Public Offerings (IPO)
  • Value Investing
  • Technical Indicators
  • Candlesticks
  • Chart Patterns
  • Option Greeks
  • ELSS Funds
  • Banking and Insurance
  • Real Estate
  • Gold
  • Book Summaries:
  • Rich Dad Poor Dad
  • Psychology of Money
  • The Intelligent Investor
  • The Richest Man in Babylon
  • Think and Trade Like a Champion
  • Value Investing and Behavioural Finance
  • Trading in the Zone
  • Learn to Earn
  • Book Summaries:
  • Rich Dad Poor Dad
  • Psychology of Money
  • The Intelligent Investor
  • The Richest Man in Babylon
  • Think and Trade Like a Champion
  • Value Investing and Behavioural Finance
  • Trading in the Zone
  • Learn to Earn
  • Tools:
  • CAGR Calculator
  • SIP Calculator
  • eLearnOptions
  • Future Value Calculator
  • Present Value Calculator
  • Atal Pension Yojana
  • Cost of Delay Calculator
  • Become a Crorepati
  • Tools:
  • CAGR Calculator
  • SIP Calculator
  • eLearnOptions
  • Future Value Calculator
  • Present Value Calculator
  • Atal Pension Yojana
  • Cost of Delay Calculator
  • Become a Crorepati

© 2023 Elearnmarkets. All Rights Reserved

  • Visit Elearnmarkets
  • Courses
  • Webinars
  • Financial Guides
  • Get Free Counselling
  • Visit Elearnmarkets
  • Courses
  • Webinars
  • Financial Guides
  • Get Free Counselling

Get Elearnmarkets App

No Result
View All Result
  • Article Categories
    • Basic Finance
    • Derivatives
    • Financial Planning
    • Fundamental Analysis
    • Technical Analysis
    • Marketshala
    • Miscellaneous
  • Language
    • Hindi
    • Bengali
    • English
  • Courses
  • Webinars

© 2020 Elearnmarkets All Rights Reserved

Suggested Learning

Technical Analysis Made Easy

Certification in Online Technical Analysis

Online NSE Academy Certified Capital Market Professional (E-NCCMP)