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BANKNIFTY

BANKNIFTY LEVELS 18/09/2020Currently sitting at a support zone of 22280-22300. Break below this can take us to 22090. Above 22300 we have 22505, 22650. Have a look on the chart for the support and resistance levels. Share your opinion in the comment section below, and like and follow for daily market analysis ! Professional Trader | Experience: 2.5 Years NOTE: The above mentioned views are for educational purposes only. You acknowledge the fact that you are alone responsible for your profits and losses, we won't be responsible for any kind of loss that you might incur by following our signals.
NSE:BANKNIFTYEducation
by Anshul_Verma
Inside Candle Strategy using the 20MA (BANKNIFTY)This strategy does not work 100% of the time, but it does offer a good risk reward ratio. If the pattern occurs in the first 15 min, wait for about an hour and observe the price action, and take a trade only after the breakout. Taking a trade too early may result in your SL getting triggered too soon. You want to try and make it harder for the market to trigger your stop loss, hence you should set it just above important levels and not exactly on them.
NSE:BANKNIFTYEducation
by ArcherDAVIS
3
Day Trade setup for beginners Simple Trade Setup for Beginners for Day trade Put three Horizontal Lines after opening. These are calculated by various ways like Standard Deviation /ATR / Pivot points etc (I use algorithm) 1. Buy Above price in green 2. Open Price e in blue(actual value) 3. Sell Below in red Second Set of Horizontal Lines 3 Targets of Buy in dark green 3 Targets of SELL in dark red Place the Trend change timings as vertical lines (before market) Price chart in Heikin Ashi 1min or 5 Min based on comfort. Super trend (7,3) on top of this chart Use the Standard Pivot points (use shaded and not just lines) If we are on Positional SELL then put a line for BUY reverse number differently as this may be strong resistance/Support If we are on Positional BUY then put a line for Sell reverse number differently as this may be strong resistance/support. Things that worked for me. 1. Observe the market action of previous 3-4 days/1 week on the response to these horizontal price lines added.(before market open) 2. Make a note of 15/30 min Super Trend for Resistance/Support levels (before market opens and later as well) 3. Don’t trade in first 30 mins of opening and allow market to stabilize. 4. Not gaining Money is better than losing money and just HOPE is not a strategy. 5. No trade with high leverage /borrowed money and Psychology plays VITAL role in trading. 6. Big Traders try to trap retailers frequently by sudden sell /Buy in big volume to create false trend but Math’s can identify it!. 7. If open price is acting as support then Market tendency is to move UP and if the Open price is acting as resistance then market tendency is to move DOWN. 8. Simple trend lines will give a good amount of information on a 15 min Heikin Ashi chart. 9. Believe in use of Mathematics and Statistics along with any parameter that supports it in consistent manner including Astrology works better. 10. Prepare mentally before a trade. Keep calm, stick to a plan (prepared before trade starts) and no flip flop during trade. 11. Invest time to read about (Standard deviation-Mean-Probability-Skew/volatility/Fibonacci/Heikin Ashi). 12. Price always follows a predictable (yes!!) pattern (identified by Polynomial equations) and everything is scripted by large players.
NSE:NIFTYEducation
by AstroAnalytica
4
bank niftyonly for study according Elliott's wave theory it has completed its 1st cycle perfectly. -------------------------------------------------------------------------------------- and have a look at its bar ..... aporox 144 bar are there ____________________________________________________________ ____________________________________________________________ So lets assume 5th wave as 1 wave of its higher degree and 8th wave as 2nd wave of higher degree ------------------------------------------------------------------------------------- Now there can be some consolidation in 2nd wave ... but after breakout we can assume that it will give an awsm rally for 3rd wave _________________________________________________ THANKS .. _________________________________________________
NSE:BANKNIFTYEducation
by TRADING_DUNIYA
How to trade pullbacks?Pullbacks can be traded using various methods. In this post, there would be 2 ways in which I like to trade pullbacks. The first one is depicted on the left side. It is the orthodox way of trading pullbacks. Method includes Fibonacci retracement and exponential moving average( period 21 is what I use, you can change it according to your preference). Fibonacci levels can be drawn by selecting the Fibonacci tool, and selecting the two major swing points, in this case A and B. Once they are drawn, there will be various Fibonacci levels such as 0.236, 0.786 and others. If price takes a support(during bullish trend) or resistance(during bearish trend) at the 0.382 level or 38.2% of retracement, then the original trend is assumed to be very strong and price would usually continue the previous trend. For me, I prefer the 50% and 61.8% retracement, as price usually takes support at this zone more frequent in the market and it is pretty rare to find a stock retracing at the 38.2% level and bouncing back. Using EMA 21 and finding a sign confirming the original trend of the market, such as a bullish pin bar during an uptrend and vice versa, near the Fibonacci levels can be a great confluence of two indicators and can be taken as a confirmation to go long or short in the respective trade. At the point marked as C, this type of confluence should be found. Let's suppose you are not confident at taking trades so early and so another type of confirmation could be an upthrust candle, matching the trend( that is, a bullish upthrust when the original trend is bullish and bearish downthrust when the original trend is bearish), can be a great confirmation before taking the trade. The second method is using fibonacci against the trend. I will use the image 2 as a reference. Instead of connecting the points D and E, in this method, you will connect points E and F, which is also the retracement part in the bigger picture of the original trend. Wait for a breakout above the 50% and 61.8% zone, then wait for a retracement towards the same Fibonacci levels and then look for confirmations as highlighted above, near the yellow zone, and then enter the trade. This method gives a little lower risk to reward as compared to the first strategy. There are some downsides to this method. First, you are entering the trade much after the first method, as in the first method you are entering when price is bouncing from the F , but in this method, you are waiting for the price to make another swing inside the original bigger swing, and then enter with a smaller pullback inside the major trend. Accuracy of this method is higher than the previous method. Risk to reward isn't in your favor as some of the reward has been lost in the form of the move from F to H. In any of the above methods, price can move in a manner similar to where the red arrows are moving, that is, price can move lower even after showing some signs of continuation of the trend. This is the risk which a trader should be willing to take or else you will miss out on the opportunities. No one can stop you from becoming a profitable trader! Hope I could help you improve your trading journey and make it much more simpler. Any doubts will be answered ASAP. Grateful🙏
NSE:BANKNIFTYEducation
by inteliigentrader