BankNifty Analysis!! Bull Run Started??BankNifty Analysis on Weekly Timeframe
BankNIfty has given a Breakout to it's Resistance level as well as it's Resistance Trendline. We have seen the bull run int the last 2 Weeks. BankNifty rallied very interestingly after Breakouts to it's important levels. We can see further upmove in the BankNifty if this rally continues.......
Targets- 1) 43099.85 2)43582.80 3)44161.60
Disclaimer= All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2)Do your own research and analysis 3)Define your Risk to Reward ratio 3)Don't trade with full capital
Baknifty
SBI: IMPULSE UNFOLDINGStock is falling in an impulsive structure Dec'22 high of 529. The impulsive structure suggests that a larger correction is going to occur in the coming weeks. As per the current price action prices have already concluded its 4th wave at 557 and is now ready for its 5th wave. Alternatively prices are likely to unfold its 4th wave as Bearish Triangle which will only delay the downward trajectory.
Trading strategy:
Sell on cmp add on rise, keeping SL of 557 look for the target of 500/480 .
BANK NIFTY SETUP 27-12-2021 Hello everyone today we are analysis bank nifty structure .
As per chart pattern bank nifty broke its support area and retest has been done .
Now 35000 area is resistance area if sustain above than go for buying opportunities wid stop loss 100 point for target 35500.
Another jackpot call
if sustain below 35000 and we will break 34800 level than down side towrs 34000 ..
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KOTAK BANK: BUY/SELL algo demonstrationHOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position.
4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X.
5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low.
While maintaining the position :
6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position.
Exiting the position:
7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately.
10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal.
No Trading Zone:
11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)
Bank Nifty Trading Strategy for 2nd Nov'2020#banknifty:-
Decision Line:- 23,964 above long & below short.
The move from 20,405 to 24,819 is complete an ABC correction is in progress, which gives a logical target of C at 23,150- approx.
The structure completes above 24,386 and the new up-move starts from there.
Price has stayed above the blue trend line 99% of the time during the last 4 weeks and it has been violated and closed weekly below this trend line, which is not good.
Buy Above 24036 Tgt 24132,24386,24,580 and 24727 (Bank Nifty Spot Levels) SL 23,880.
Sell below 23,805 Tgt 23668,23550 and 23420 (Bank Nifty Spot Levels) SL 24,036.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Bank Nifty Trading Strategy for 26th Oct'2020#banknifty
24,364 ( 50% of 32,613 to 16,116) holds u see 26,311 ( 61.8%).
SL for all positional long is 24,020.
Decision Line:- 24,500
Two strategy to trade:-
1. Range Trading :- 24,250 to 24,750
2. Range breakout trading:-
Buy Above 24764 Tgt 24850,24990 and 25040 (Bank Nifty Spot Levels)
Sell Below 24250 Tgt 24050,23,900 and 23677 (Bank Nifty Spot Levels)
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.