Cyber Monday saleUp to 70% OFF

BANKNIFTY

#Banknifty directions and levels for September 24th.Current View: Structurally, a diagonal pattern is progressing. If the market rejects around the immediate resistance, or if the market initially declines, we can expect a minimum correction of 23% to 38%. If it breaks below 38%, the trend could shift into a correction phase. Conversely, if it does not break 38%, the diagonal pattern could extend further. This is our first variation. Alternate Variation: The alternate variation suggests that if the market consolidates around the immediate resistance, it will be a sign of bullish continuation. We can expect to see the next resistance level if it breaks through the current resistance.
NSE:BANKNIFTY
by Manickamtraders
BankNifty Intraday Support & Resistance Levels for 24.09.2024On Monday, BankNifty opened with a gap up, made a new all-time high of 54,197.95, and closed at 54,105.80, gaining 312 points over the previous close. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) has turned overbought from positive. Support zones remain unchanged from the last post. Demand/Support Zones: Near Demand/Support Zone (30 min): 53,225.20 - 53,521.25 Far Demand/Support Zone (30 min): 52,402.80 - 52,484.55 Far Demand/Support Zone (Daily): 52,085.50 - 52,284.60 Supply/Resistance Zones: No visible supply/resistance zones on the chart at the moment.
NSE:BANKNIFTY
by PriteshPal
#banknifty - 24th September !Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making.
NSE:BANKNIFTYLong
by thetradeforecast
BANKNIFTY Intraday Trade Setup For 24 Sep 2024BANKNIFTY Intraday Trade Setup For 24 Sep 2024 Bullish-Above 54200 Invalid-Below 54090 T- 54764 Bearish-Below 53740 Invalid-Above 53850 T- 53200 BANKNIFTY has closed on a bullish note with 0.58% gain today. It was firmly bullish since opening, however free float move came above 54k. There can be continuation of bullish move above 54200 post pullback breakout. Next confluence zone seems to be 54800. Below 53740 profit booking can be triggered. Overall buy on dips with bullish reversal structures in intraday. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 54200 then we will long for the target of 54764. For selling we need a 15 Min candle close below 53740. T- 53200. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
HDFC BANK ( Looking goog to invest); small stoploss is enough;For short term investment ; Leave a " Like If you agree ".👍 . Wait for small retracement & daily candle to close above - "1650". Trade carefully untill ENTRY level. . Entry: 1655 / 1640 target: 1675- 1700- 1750 sl: 1640 / 1630 major stoploss/ support: 1600 . . Enter only if market Breaks "Yellow box" mentioned. . . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency " 💹 Refer our old ideas for accuracy rate🧑‍💻 Follow for daily updates👍 . Refer old posted idea attached below.
NSE:HDFCBANKLong
by TheNuraTrading
#Banknifty directions and levels for September 23rd.Bank Nifty: Bank Nifty shares the same sentiment as Nifty. If the market sustains the gap-up structurally, we can expect a continuation of the rally with some consolidation. We can also observe a three-wave structure here. Alternate View: The alternate view for Bank Nifty suggests that if the market encounters a sharp rejection around the immediate resistance, there could be a minimum of 23% to 38% during the minor swing. If it breaks below 38%, then the correction will likely continue to 50% to 78%.
NSE:BANKNIFTY
by Manickamtraders
#Banknifty Directions and Levels for the Last Week of SeptemberCurrent View: The sentiment is similar to Nifty, but structurally, we shouldn’t expect more than a 38% correction in the minor swing. If the market rejects near the immediate resistance, we could complete the 3rd sub-wave at that point, and the rejection would indicate the start of the 4th wave. Typically, the 4th wave doesn’t involve a deep correction, so we can expect a maximum correction of 23% to 38% in the minor swing. Alternate View: The alternate view suggests that if the market consolidates or breaks the immediate resistance, the 3rd wave could extend to levels of 54,840 to 55,141.
NSE:BANKNIFTY
by Manickamtraders
BankNifty Intraday Support & Resistance Levels for 23.09.2024On Friday, BankNifty opened with a gap up and, during a highly volatile session, made a new all-time high of 54,066.10. It closed at 53,793.20, gaining 755 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain positive. Demand/Support Zones: Near Demand/Support Zone (30 min): 53,225.20 - 53,521.25 Far Demand/Support Zone (30 min): 52,402.80 - 52,484.55 Far Demand/Support Zone (Daily): 52,085.50 - 52,284.60 Supply/Resistance Zones: No visible supply/resistance zones on the chart at the moment.
NSE:BANKNIFTY
by PriteshPal
The Banking-FMCG-Realty Trifecta Turbocharges Market Growth.Nifty Bank The Bank Nifty is on a strong upward trend, consistently making higher highs and lows. It has recently broken through its previous all-time high while moving within an ascending parallel channel, indicating potential for further gains. Nifty FMCG The FMCG sector is a major player in the market, and with a recent breakout, the index has reached its all-time high. The price action indicates bullish momentum, suggesting it could continue to rise. Nifty Realty While the overall trend is positive, the realty sector has struggled to make a significant impact in recent months. However, a bullish Pole & Flag pattern has appeared on the chart, signalled a possible continuation of the upward trend. A recent breakout shows the index is active again.
NSE:BANKNIFTYLong
by GoodluckCapital
20th Sep 2024 - BankNifty up 2049pts ~ 3.95% bulls are on fireBankNifty Stance Bullish ️⬆️ The run on BankNifty was much better and more fierce than N50, we went up an amazing 2049pts ~ 3.95% last week. Unlike Nifty, which started showing its bullish breakouts on Thursday, BankNifty started on Wednesday itself. Over the last 2 weeks, BN is up 3324pts - it has been nothing short of a dream for the bulls. Meanwhile, what is surprising is that it was even good for non-directional algo traders like me. The premiums were good enough that short intraday straddles with rolling stop losses made me good money. Occasionally I had to wind up the Algo's early because the index was looking to go ballistic. What I am trying to say is that BN gave me enough heads-up to exit my non-directional trades - which is not usual. The usual thing is BN always traps their straddlers. For the next week also, we wish to maintain our bullish stance and look for long only opportunities. I will not be running the non-directional algos unless BN gives me a "ran and tired" indication.
NSE:BANKNIFTYLong
by viswaram
"Nifty50 approaching 26,500: Some Profit booking expected."📉 Nifty50 Update: Some profit booking by buyers might come in the 26,500-27,500 range or act as a sideways to bearish. This could lead to a slight correction in the market. Stay alert and consider adjusting your strategies accordingly.💼 Disclaimer: Trading in the share market involves risks, and past performance is not indicative of future results. Please conduct thorough research and consider your financial situation before making any investment decisions. Consult with a financial advisor if needed.
NSE:NIFTY
by Aayush_Raghuwanshi
Histogram(MACD) Divergence Trading Let us discuss the MACD indicator strategy and histogram. I know being a chartist you are familiar with this tool. Hence I hope this will be a revision for you. Assuming you already know this topic, you should know that MACD Histogram is derived from MACD. To me, it is the effect of MACD (cause), without which MACD Histogram would not have been born. I hope you can relate it to the previous paragraph. If not, no problem. Carry on reading. But before proceeding further I would request you to recapitulate MACD (moving average convergence divergence). Thanks for converging your thoughts with that of mine. I am glad. It will help me to explain this article without taking the additional burden. MACD Histogram Peak-Trough Divergence By now you must have understood how the histogram dances to the tunes of prices. If one looks at it closely then one can easily identify the divergences. You will notice that a peak and trough divergence is formed with two peaks or two troughs in the MACD Histogram. Usually, it can be segregated into two parts, i.e. bullish peak and trough divergence and bearish peak and trough divergence. Alright, I will explain you in short. Bullish Peak-Trough Divergence It is formed when MACD makes a lower low and on the contrary, MACD-Histogram makes a higher low. One thing you should keep in mind, i.e., well-defined troughs define the health of a bullish peak-trough divergence. bullish peak trough divergence Bearish Peak-Trough Divergence It is formed when MACD makes a higher high and on the contrary MACD Histogram makes a lower high. One thing you should keep in mind, i.e., well-defined peaks define the health of a bearish peak-trough divergence.
NSE:BANKNIFTYEducation
by SkyTradingZone
2
Bank Nifty At New ATHHello Traders, What a superb week was there for banking sectors creating new high will Lots of volatility in it. Specially 21 sept session was extra volatile & we see lots of ups & downs. As we can se Bank nifty broke the Previous resistance of 53357 & closed at the fresh Highs. Above 3% gains recorded in this week. Now its time for it to cool down for some time because its trading very far from its mean Moving average . Profit booking signs may occur. Thank You Prince
NSE:BANKNIFTYLong
by Princetechnicals
#Banknifty directions and levels for September 20th.Banknifty: Current view: The current view is similar to Nifty. If the market declines after an initial pullback, we can expect a correctional target at the 50% Fibonacci level on the downside. Structurally, it might not sustain there. However, a proper trend reversal (for a correction) will occur only if it breaks the 50% level. This is our first variation. Alternate view: The alternate view suggests that if the gap-up sustains, Banknifty could reach the supply zone on the upside (53,419 to 53,491). This is a crucial level in the current structure. Once the market reaches this zone, there is a high probability of rejection, which means we could expect a 61% to 78% correction in the minor swing. Structurally, this indicates a diagonal pattern. However, a rally could be expected only if the supply zone is broken effectively.
NSE:BANKNIFTY
by Manickamtraders
2
BankNifty Intraday Support & Resistance Levels for 20.09.2024On Thursday, BankNifty opened with a gap up and reached a high of 53,353.30, just 4 points shy of its all-time high of 53,357.70. Profit booking followed, and it closed at 53,037.60, gaining 287 points from the previous day. Both the Weekly and Daily Trends (50 SMA) remain positive. Demand/Support Zones: Near Demand/Support Zone (125 min): 52,622.80 - 52,859.05 (tested) Far Demand/Support Zone (15 min): 52,406.95 - 52,484.55 Far Demand/Support Zone (Daily): 52,085.50 - 52,284.60 Far Demand/Support Zone (125 min): 51,643.95 - 51,938.05 Supply/Resistance Zones: No visible supply/resistance zones on the chart at the moment.
NSE:BANKNIFTY
by PriteshPal
#BANKNIFTY - 20TH SEPTEMBER Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: - Definition: [i ] A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators : Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior : When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance : - Definition : A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators : Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance : - Trade Decisions : Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology : Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making.
NSE:BANKNIFTYLong
by thetradeforecast
1
#Banknifty directions and levels for September 19th.Bank Nifty: Current View: Here, too, we expect a correctional target at the 38% level on the downside. After that, if the market breaks or consolidates around the 38% mark, the correction is likely to continue. > A notable point here is the pullback around the 38% level. If the market finds support and bounces back, structurally, it won't move significantly higher. We can also expect the continuation of the correction if it breaks the previous low. Alternate View: The alternate view for Bank Nifty is similar to that of Nifty. If the gap-up sustains, we might see some consolidation between the previous high and the previous day's closing. If it breaks the previous high afterward, the rally will likely continue; however, we should wait for the breakout to confirm directional momentum.
NSE:BANKNIFTY
by Manickamtraders
4
BankNifty Intraday Support & Resistance Levels for 19.09.2024On Wednesday, BankNifty opened flat and rallied over 750 points to reach a high of 52,954.20. However, some profit bookings followed, and it closed at 52,750.40, gaining 561 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain positive. Demand/Support Zones: Near Demand/Support Zone (15 min): 52,406.95 - 52,484.55 Far Demand/Support Zone (125 min): 51,643.95 - 51,938.05 Far Demand/Support Zone (Daily): 50,369.40 - 51,420.15 Supply/Resistance Zones: Near Supply/Resistance Zone (Daily): 53,103.70 - 53,357.70
NSE:BANKNIFTY
by PriteshPal
BANK NIFTY MATHEMATICAL LEVELS FOR THIS EXPIRYThese Levels are based on purely mathematical calculations. Validity of levels are upto expiry of current week. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:BANKNIFTY
by StocksOptionBlaster