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Bankniftylong

BANNIFTY - UNDERSTANDING CHARTS ( 6th & 7th October 2020)Second chart from the series of taking a look at the week that was in BankNifty. This week was very bullish trend in the market. This chart indicates the overall breakout of the BANKNIFTY from it's bearish trend. The previous two trading sessions have been studied in the below chart. October 6th Trading Session BULLISH MOMENTUM IS CONTINUED FROM THE PREVIOUS SESSION. MARKET OPEN GAP UP BUT PROFIT BOOKING SEEN IN FIRST CANDLE. SIDEWAYS MARKETS UNTIL 2PM SHOWING CONSOLIDATION 2PM BREAKOUT WHICH SETTLES ABOVE PREVIOUS DAY RESISTANCE October 7th Trading Session SLIGHT GAP DOWN IN THE OPENING CANDLE. BTST TRADERS BOOKING PROFIT IN THE MARKET OPEN. EVENTUALLY BUYERS WIN THE TUSSLE. BUYING VOLUME IS HIGH. PRICE BREAKOUT OVER THE PREVIOUS DAY RESISTANCE. BULLISH MOMENTUM IS SUSTAINED. PREVIOUS DAY RESISTANCE TRENDLINE TAKES SUPPORT IN THE FOLLOWING TRADING SESSION ENTIRE TRADING SESSION HAS BEEN ONE BIG CONSOLIDATION AS THE PRICE IS CLOSE TO THREE MONTH RESISTANCE. NOT ENOUGH BUYING AT 2PM FOR BREAKOUT, SELLERS WON.
NSE:BANKNIFTY1!Education
by jashjacob
SEE PRICE & MY MANIFESTATION IN SYNC GIVEN ON OCT 2 !!Hi Traders, 1. On the 2nd of October 2020, I wrote in my weekly blog of bank nifty regarding the direction of the trend this week and quoting point no. 2 of the trade plan section as proof of my statement made one week ago, of real price movement. "On the contrary, If the price takes out the pink dotted zone upside then the price will see more upside." Here you can see the pink dotted zone when taken out in both 1hr & 15 min time frames it went north.In every post ask why the levels I set one week ago price follow religiously. When I write my wordings why they show so much confidence in price movement despite big volatility in the market? Where the next moment is uncertain. The same confidence has been proving since I wrote my first blog six months ago. More then 215 + posts every post is proving this confidence. The more you study, the more depth you create in your analysis. This is a continuous process. Many traders are earning by following my analysis comment box is full of these comments. Why I mention this because to prove to new traders if you study hard, you can earn daily. 2. Now see the red circle in the current fig that is hammer made on the lower end of the zone after that boom. This is the accuracy I provide in my every post. See in the first attempt taken out condition was not fulfilled. Later in the second attempt when a hammer candle was made the taken-out condition got fulfilled in both time frame and boom. setting the previous fig for matching my statement with this and current fig. Trading Plan for next week. 1. I made a pink color resistance line if it is taken out in both time frames then you will see a small up move. And the price would come below the pink line. Technically 27 Ema will act as support first time and will provide a weak bounce. This will be broken in this week and convert uptrend into down for a few days. 2. If this price takes out a green support line in both the time frame then the uptrend will convert into a downtrend. But one should not short the market at this stage whereas one should wait for any bounce then shorting will be good as compared to the risk-reward ratio. Both arrows showing the direction only. 3. I feel the price will remain range-bound between the upper and lower limit. For new readers taken out condition is as follows:- Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by the next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. Yogesh Vats Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
NSE:BANKNIFTY
by yvatsji
48
LOOKING BACK AT BANK NIFTY MOVES IN LAST THREE MONTHSBankNifty was sideways through July until the breakout in the last week of August 2020. With this breakout, huge volume was noticed across the board in all bankings stocks. Only to see the news regarding the what's going to happen with the Loan Moratorium drag it back down. The entire gains were wiped off and many retail investors were stuck in the August month end highs. During the following weeks of September, the courts kept pushing the news and never reached a consensous for the markets to recover. Mid September, the Bank sector was flat lining with some levels of consolidation for a breakout but, the bloodbath continued into the last week of September. Finally on the start of the month October, we saw fresh buying for the market and the last 4 trading sessions have seen green candles. Breakout can be see in the chart on October 1st when OPEN price is above the parellel trend lines shown for the bearish movement. All in all, Banking Sector is yet to regain the majoirty of it's value lose due to the pandemic mostly because of the looming uncertainity.
NSE:BANKNIFTY1!
by jashjacob
BNF HAS CHANGED ITS DOWN TREND TO UP WHAT NEXT?Hi Traders, 1. On the 25th of Sep 2020, I wrote on the blog of bank nifty is quoting as proof that same is seen this week. ". On the contrary, if the yellow trendline which is not breached in 15 days is taken out in both time frames then the uptrend will start." Here if you see carefully price fulfilled this condition on the very first attempt circled in pink but could not move up as trapping bears one complete day but on the contrary, the yellow line is not taken out even once downside on both time frames. This is the beauty of the market sometimes fulfilling conditions on the upside it gives the impression of reverse sentiments. This is the second time in my analysis journey of the last six months, I gave inclined trendline condition generally I provide horizontal line conditions. Why because they create less confusion but this sort of line creates much confusion. As this time price created this condition so I gave it to you. I know very skilled traders can handle this only those who see price behavior so minutely printed on the chart. As I have already mentioned above price did not fulfill the downside criteria of taken out. Therefore, the price could not move down. 2. Between week I gave clues to my group that one candlestick pattern has been formed which has decided to the direction of the market and is intact. Many people gave me various candlestick patterns no one could talk about the pattern in the red circle except one, who also could not catch in the first attempt but in second. This pattern is a bullish belt hold. People;e want to earn money from the market but unable to put required hard work. They might be thinking that I might belong to ages mentor who imparts education through their belief of technique. Yes, because what they want only spoon-feed and I am totally against it. I am your well-wisher who just wants to impart genuine skill to you in form of hard work. What are you giving to me... nothing? I do not expect anything from you. Except for your hard work. More than 2700+ followers No one could give me the correct answer. This is how you people want money without hard work . You are used to dependent upon tips. That is why tips seekers do not get their material from me only genuine seekers are earning and recovering their losses. 3. One thing to be noticed when I use my red and green arrows 90% times price doesn't go below the red and move above the green. In 10 % it violates then taken out condition gives you confirmation. people earn money from my analysis, they stick to my words and write truthfully for newbies to boost their morale. That should be the spirit of a genuine seeker who also thinks for others. No selfish attitude. Setting a previous post for matching my statements. Trade plan for next week. 1. As usual see the red arrow showing if the price stays below this level for 30 mins then one should leave positional longs and confirmation will get when taken out condition get activated in both time frames. 2. On the contrary, If price takes out the pink dotted zone upside then price will see more upside. 3. I made a pink rectangle which shows price fulfilled the condition of taken out in both time frames but the candles were too big to put sl of the breached candle. So setting stop-loss is a bit difficult as risk-reward will not favorable. In this case, use a lower time frame to put sl. 4. For new readers taken out condition is as follows;- Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by the next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. Yogesh Vats Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
NSE:BANKNIFTY
by yvatsji
21
15DAYS BACK INFORMED WHAT HAS TO BREAK TO GO UP AND DOWN SEE HOWHi Traders, 1. On 12th of Sep 2020, What you have seen in form of fall was clearly mentioned in terms of conditions with using specific words to authenticate my statement quoting from point no.1 of the trading plan section " Now If the price has to move up then this yellow trendline with pink resistance which is just above the trendline has to be taken out in both time frames of 1 hour & 15 min with the target of the white-green zone" Here you can see I clearly mentioned if the price has to move up then yellow trendline has to be taken out. See how perfectly price respected my condition did not dare to breach even a single time. in 15 days and you saw a fall. can you imagine how confidently I described the yellow trendline condition why I was so confident for this line is an art. you all must work hard to attain this perfection. I did not stop here in point no.4 of the same section. I clearly mentioned that support will break then the structure will change is quoting for your consideration ." news can change the structure if the price goes down from the support of blue and red zone. 2. If you see fig of 12 Sep, I marked the red arrow for the downside exactly at the magic support and the green arrow exactly at resistance from where the up move had to start. I was damm clear from where up move will start and the downfall will start. Had anybody just stuck with my analysis you can imagine how much one could earn in positional trades. Please take out any post in 215+ where I sketched the market move and price did not respect my levels of course with my conditions. Proving in every post in every line. Several times I wrote stick with my words in analysis nobody can stop you in making a profit from the market. Because I manifest the whole move in advance so many days ago. Setting 12 Sep figure below for matching my statements highlighted above with current fig. Trade Plan for next week. 1. I marked in a pink circle showing how perfectly my levels work every time. See downside red line is made if it takes out in both time frames of 15 and 1 hour then you will see the price going to lower blue trendline. 2. On the contrary if the yellow trendline which is not breached in 15 days is taken out in both time frames then the uptrend will start. Yogesh Vats Disclaimer:- All information is shared for educational purposes, not for trading. Trading should be done by consulting from your Financial Planner.
NSE:BANKNIFTY
by yvatsji
37
BANKNIFTY long I hope you can now see how Banknifty represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:BANKNIFTYLong
by EntryandExit