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Simple Trade Setup | 08-09-2021 | BANKNIFTY (Intraday)NSE:BANKNIFTY Today, as per our trade setup, it first breakdown the upper trendline and made low till 36151 and also made reversal from 36256-36303 range. Observations: 1)On 1hr time frame, We can see that now it closed inside the parallel channel.But it closed above 36252/36256 level. Please refer below chart : 1hr time frame. 2) Also on 1hr time frame still it is holding critical support from 36256 level range. Please refer below chart : 1hr time frame. 3) On 15min time frame we can see that today, 07-09-2021, in 2nd half it was facing resistance from the upper trendline of parallel channel. Please refer below chart : 15 time frame. So from now onward this trendline will work as resistance for it. Sustainable breakout of this trendline will give good upmove. ------------------------------------- Trade Setup for Date 08-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. Please refer below chart for levels. : All the levels are same as per previous levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Do not hold your trade for long time. This is for intraday setup for 08-09-2021 only. Trade with SL. One who are good with scalping can make trade on both the sides. My personal view is that it will be mostly sideways tomorrow and breakout on either side will give good move.
NSE:BANKNIFTY
by Trading_hawk
11
Simple Trade Setup | BANKNIFTY | 07-09-2021 [INTRADAY]NSE:BANKNIFTY Observations: 1)On 1 hr Time frame we can see that it has been trading in ascending channel pattern. And now taking support from the upper trendline of channel pattern. Breakdown of upper channel pattern will give good down move. Please refer below chart : 1hr time frame. 2)On 1 hr Time frame we can see that Critical level for BN is 36254 level. Please refer below chart : 1hr time frame. ------------------------------------- Trade Setup for Date 07-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Do not hold your trade for long time. This is for intraday setup for 07-09-2021 only. One who are good with scalping can make trade on both the sides. Breakdown of 36518 level will give good down move.
NSE:BANKNIFTY
by Trading_hawk
11
BANKINDIA - Channel Movement - Possible ReversalThe stock has been in a downtrend since June, moving in a parallel channel. Currently the stock is touching its bottom channel support line, and is simultaneously near the long term support, and is a strong candidate for possible trend reversal. In my opinion, it is a bounce back candidate considering many reasons apart from the ones mentioned above: - RSI is oversold - Bank Nifty is bullish - PSU banks are expected to be in limelight - Price/Book ratio is 0.5, amongst the lowest in banks Depending on your risk profile, you can either keep a stop loss at 53, or stay invested for long term considering its valuation. Please follow us for more trading setups like these. If you have any queries/suggestions related to above pattern, feel free to type below in the comment section. Do show your love by pressing the like if you liked the idea.
NSE:BANKINDIALong
by Yes2Profits
Bank Of Barodaa Buy At CMPBuy At cmp Stop Loss71.65(CLOSING BASIS) HEY TRADERS, THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD... HOPE YOU ALL FIND SOME VALUE Here...SO, DON'T FORGET TO LIKE AND SHARE THIS POST. DON'T FORGET TO SUBSCRIBE. COMMENTS WRITE DOWN BELOW OF THIS Chart... THANK YOU... ~Disclaimer: "I Am Not Sebi Registered Advisor" All views and charts shared in this terminal are purely for knowledge and information purposes only.
NSE:BANKBARODALong
by ashish_2108
3
Simple Trade Setup | Bank Nifty | 11-08-2021NSE:BANKNIFTY Simple Trade Setup Bank nifty closed almost at the same level as per yesterday, hence our trade setup will be same as per previous day. Today it Breakdown the triangle pattern which was posted in previous trade setup details. Now on 1hour time frame it has been trading in rising channel pattern. Please refer below chart. Break on either side will give good movement. Chart and levels are easy to understand. Each level will work as resistance,support, entry and exit point of trade w.r.t how price action are working near that level. Do comment your doubt or suggestion. All the best.
NSE:BANKNIFTYLong
by Trading_hawk
4