This Pattern is mostly Successful when there is strong Bullish move previously to an Important Resistance zone/ Supply zone. Once you find the price respecting the supply zone, wait for it to retest the zone to form a double top or a lower low.( in this case it formed a Double Top) If the price failed to break the upper zone, it'll create bearish impulse. You...
BankNifty opened with a small gap-up and after taking support at 34620 zones we saw a tending upmove towards 35400 zones. Trades we took today - > Bought BankNifty 34100 PE at 30, it went above to our 2nd Target 410 and Traders booked great profit > Bought BankNifty 35200 CE at 390, it went above to our Last Target 500 and Traders booked great profit > Bought...
Hello Traders, #Banknifty-14/03/2022-#Report ------------------------------------------ Opened as a Gap-Up, above our R@1-Zone. Market took the support at R@1-Zone. It was broken PDH, R@2 and R@3 then went to D_T-Zone. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE, it...
NSE:BANKNIFTY Observations: 1) On 15min chart, we can see temporary support channel. Breakdown of it can lead it to test 35000 / 34900 support level. Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for 15-03-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min...
Sell BN Fut @ 35180 - 35200 with SL of 35320 for the lower marked targets. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Hello Traders, Banknifty-14/03/2022-Levels ---------------------------------------- If Market Opens as a- GAP-UP: Support of R@1 (BUY) – Rejection of PDH (SELL) FLAT: Support of R@1 (BUY) – Rejection of IMP (SELL) GAP-DOWN: Support of IMP (BUY) – Rejection of S@1 (SELL) ------------------------------------- Happy Learning and Trading Rules to fallow... ...
NSE:BANKNIFTY Most of the trade setup will be same as per previous one. 35000 is major resistance. Above this it will be more bullish. Trade Setup for 14-03-2022 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....
BankNifty opened with a small gap-down and formed the day low in the first 5 mins at 34094. We saw a good upmove in the first 60 mins towards 34880 and then it was trading in the range for the whole day. Trades we took today - > Bought BankNifty 34900 CE at 390, it went above to our Last Target 500 and Traders booked great profit > Bought BankNifty 35200 PE at...
BankNifty opened with a huge gap-up around 34952 and made high around 35350 where BankNifty faced rejection and we saw more than 900 points fall from day high. Trades we took today - > Bought BankNifty 35200 CE at 160 which we booked with 50 points loss > Bought BankNifty 35000 PE at 330 which we booked with 50 points loss > Bought BankNifty 35000 PE at 90, it...
Hello Traders, #Banknifty-10/03/2022-#Report ------------------------------------------ Opened as a Big Gap-Up, above our R@4-Zone. Market took the support at R@3-Zone went to R@6-Zone and reversed. It was broken R@5, R@4, R@3 and R@2 then went to R@1-Zone. Finally closed below R@2-Zone. I hope you all like my analysis. Follow me to get regular...
BankNifty opened with a gap-up around 33250 and we saw some weakness in the morning session which brought BankNifty towards 32950 zones but we saw a great upmove after consolidation and BankNifty made high at 33969. Trades we took today - > Bought BankNifty 33400 CE at 320 which we booked with a small profit at 355 > Bought BankNifty 33600 CE at 250 which we...
Please do Refer Smaller Time frames for Better Understanding. (1 or 3 Min charts) After a bullish move, created a support and failed to form Higher high and created a neckline. @ 12:11 PM Broke down the neckline.(we'll enter only after retest) @ 12:24 to 12:26 PM, Formed a bullish Candles trapping the retail traders, and this candles didn't break the...
BankNifty opened with a gap-down at 32560 and we saw further selling and BankNifty made low around 32170. We saw a great recovery from lower levels and BankNifty went above 33250 during the day which is 1100 points upmove from day low. Trades we took today - > Bought BankNifty 33200 CE at 390, it went above to our 1st Target 430 and Traders booked profit >...
Hello Traders, #Banknifty-09/03/2022-#Report ------------------------------------------ Opened as a Gap-Up, below our PDH. Market went to S@1-Zone and reversed. It was broken PDH, R@1 and R@2 then went to R@3-Zone. Finally closed above R@3. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment...
NSE:BANKNIFTY All the levels and trade setup will remain same as per previous. Trade Setup for 09-03-2022 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,...
BankNifty opened with a gap-down around 33250 and we saw further selling which bought BankNifty towards 32376 but we saw great recovery from lower levels and BankNifty went near to 32997. As there was a data issue with NSE, we didn't take more trades. One trade we booked with loss and another one we booked with minor loss. Tomorrow if BankNifty sustain above...
Hello Traders, #Banknifty-08/03/2022-#Report ------------------------------------------ Opened as a Gap-Down, below our S@2-Zone. Market went to S@1-Zone and reversed. It was broken S@2,and PDL then went to D_B-Zone and reversed. Market was took the support at D_B-Zone and broken (PDL, S@2, S@1 and IMP)-Zones then went to R@1-Zone. I hope you all like my...
Hello Traders, Banknifty-08/03/2022-Levels ---------------------------------------- If Market Opens as a- GAP-UP: Support of IMP (BUY) – Rejection of IMP (SELL) FLAT: Support of IMP (BUY) – Rejection of S@1 (SELL) GAP-DOWN: Support of PDL (BUY) – Rejection of PDL (SELL) ------------------------------------- Happy Learning and Trading Rules to fallow... ...