Banknifty CHART

 

50360 is the trendline resistance level, which could act as a tough barrier for the index if it approaches this area.

49650 is the previous low breakdown resistance, potentially acting as a support level to watch.

If Bank Nifty closes above 49700, that could signal bullish momentum towards the 50360 resistance, which would suggest a potential upward breakout.

NIFTY CHART

 Here’s a structured interpretation of RSI based analysis:

---

Market Analysis: Positive Divergence and Key Levels

Date Range: November 18, 2025, to January 27, 2025

RSI Values:

• RSI (14) on November 18, 2025: 28.7
• RSI (14) on January 27, 2025: 33.90

Key Observations:

1. Positive Divergence: The increase in the RSI from 28.7 to 33.90 indicates a potential positive divergence. This suggests that while the price may not have significantly increased, the momentum is building, which could lead to a bullish reversal.

2. Thump Rule Application: According to the "thump rule," if there is a positive divergence, the price will likely break through the previous high.

3. In-Between High: The in-between high is identified at 24,857. This level is crucial as it represents a potential breakout point.

4. Immediate Resistance Level: The immediate resistance is noted at 24,943, corresponding to the 61.8% Fibonacci retracement level of the latest swing from 26,277 to 22,786. This level will be critical to watch as a break above it could confirm the bullish sentiment.

Conclusion:

Given the positive divergence and the key levels identified, traders should monitor the price action closely around the in-between high of 24,857 and the immediate resistance at 24,943. A successful breakout above these levels could signal a stronger upward trend, while failure to break could lead to further consolidation or a potential reversal.

NIFTY CHART

 It seems like you're analyzing a price chart and discussing key levels for a specific asset, potentially in the context of technical analysis. Let's break down what you're observing:

1. 23260 Importance on Closing Basis:
   The level of 23260 on a closing basis seems to be a critical support or resistance level. If this is the previous low, it's an important reference point for trend analysis. In technical analysis, closing prices are often more significant than intraday prices because they reflect the market’s consensus at the end of the trading session.

   If the price closes below 23260, it may signal a continuation of a downtrend or a breakdown from the previous low. However, if the price closes above 23260, it could indicate that the market is rejecting lower levels, which may suggest a potential reversal or continuation of the upward trend.

2. Close Above 23260:
   If the price closes above 23260, you're suggesting that the price could target the 23456-23500 range, which you identified as a lower top trend line. This range is likely a resistance level formed from previous price action. A break above this level could indicate that the trend is shifting, and the market is likely testing higher levels.

3. Fibonacci Resistance at 23974-24000:
   You also mention a Fibonacci resistance at 23974-24000. Fibonacci retracement levels are commonly used to identify potential reversal points based on the golden ratio (61.8%, 38.2%, etc.). In this case, the resistance between 23974-24000 suggests that, if the price advances further, this range will be a key area to watch for potential resistance or reversal.

Summary:

• 23260 on a closing basis is important because it represents a key level of support/resistance and is a critical point for determining trend direction.
• A close above 23260 could signal a move toward the 23456-23500 range, potentially breaking a lower top trend line.
• If the price continues upward, you’d expect resistance around 23974-24000, where Fibonacci levels suggest a potential reversal or pause.

Would you like to dive into any of these levels in more detail or check the chart for confirmation?

Bank Nifty

 It looks like you’re analyzing a specific stock or index chart using technical analysis. You're breaking down key support and resistance levels, swing highs and lows, and considering potential price movements based on these levels.

• Target Range (48636-48600): This suggests you're expecting a price to stay within or bounce around this range, with the expectation of a close above 48636 on a weekly chart.

• Low at 47844: If the price drops to this level, it would suggest a retracement or pullback before the upward move resumes.

• Resistance at 50386-50400 range: This appears to be the next major resistance level you're targeting if the price continues its uptrend.

• Maximum downside possibility at 47094: Based on your analysis, you’re considering this level as a potential downside risk, possibly related to external factors like the "Budget day" you're referencing.

• 49400-49500 old swing breakout for 50386: This could indicate a breakout zone that is historically important and could act as a pivotal level in determining whether the upward trend can continue to 50386.

Are you looking for confirmation on these levels or just sharing your analysis for feedback? What do you think about the broader market context affecting these levels?

NIFTY Chart

 

Nifty and Banknifty monthly LEVELS