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Bankniftylong

BankNifty Outlook - Going High Towards 22000BankNifty Outlook looks bullish to me from here.. As per my Wave Analysis.. BankNifty has Complete Wave A and Wave B of Longer Correction.. Where Wave A was an Impulse Wave.. Wave B was a Running Flat Correction and Now Wave C is in progress which should be Impulsive as per my analysis.. which means we can get Targets of 22000 or higher for BankNifty very quickly from here on.. However, If BankNifty goes below the low of Wave (B) as per my chart then this complete pattern would go wrong.. I would trade by going long on BankNifty and Keep Stoploss just below Wave B and look for Targets of 22000 and Higher.. Note: Its just my analysis and how I look at charts and markets as of now.. Happy Trading!
NSE:BANKNIFTYLong
by SirajHudda
TODAY BNF WAS STRONG AS COMPARED TO NIFTY SEE WHY ?Hi Traders, 1. On the 5th of July 2020, I posted trading information regarding BNF in trading plan point no. 1, I mentioned is quoting for your consideration " As far as the structure is negative which is going to no direction zone already discussed above. So I will wait to go in trade any sides till I get clarity on moves. I made one pink line to move up this line is to be taken out in 15 min time frame then being aggressive trader I will see buy set upon a lower time frame of 5 min and will take long with strict stop loss. But long side confirmation will be seen when the 1hr condition validates it." You can see the next-day market opened gap up fulfilling the condition of 15 min time frame but not 1 hour. You can see the whole day trading 1 hr condition was not activated and the price came down. How the pink line acted as support and today gave a good rally. New followers can not imagine this sort of accuracy in trading but my old followers have you ever thought when I make any support or resistance why price exactly follows my structures and conditions. why I made pink one at that level which is reactive why not up and down. Though I am busy nowadays and do not post regularly still manifestation guide you for profitable trades. In many previous posts, I wrote My slogan That BASIC KNOWLEDGE " + MY ANALYSIS = PROFIT " That one of my followers proved not following my instruction whereas one who followed earned today. First, see the comment of one who wrote for all of you. "ChipsK 2 hours ago Today I lost, I took short after finish off 12 pm candle. Considering the resistance level. But there was a huge white candle formed immediately and I booked my position with 200 point loss. The mistake I did was there was a clear hammer formed and the price was going up. But I anticipated the price will not breach the resistance and did not wait for reversal sign or candle to finish. A lesson hard-learned..." He is taking short at 12 pm candle near the pink line where a hammer candle was formed which I circled in white showing how pink line is working still he shorted and got trapped. He did not follow my condition and went into loss. On the other side one who followed earned money. " wadhwaamit4 2 hours ago @yvatsji , Sir, Are we heading toward Green dotted line today for BNF? I am holding a long position after Blue solid line was taken out." This was his first msg when he took the position of the long side and then exit msg where he talks of taking this entry after fulfilling the condition. wadhwaamit4 an hour ago @yvatsji, I exited the position and made a 4.5k profit. I was expecting target will achieve today but momentum was not there. Thank you, sir. Fear free trade once condition fulfilled". That is why my slogan is so important for any trader who attains basic knowledge. To make you understand better the current fig I set the previous fig so that you can compare with the current. in.tradingview.com 2. One more thing I circled three more in green showing you how accurately all levels which I draw works magically. Please see white circle candles all candle took support at pink line + white 27 Ema means no shorting only buying with sl of pink line. Trade plan for next day 1. I made one blue line If this line is taken out in 1 hr time frame the uptrend will be reversed to down. In 15 min condition if prices take out I will clear my positional longs. And will wait for 1 hr condition. 2. If in 1-hour time frame I feel the price is not going to fulfill this condition then by concentrating on the long setup I will again buy, 3. On the contrary, If the upper yellow line is taken out in 15 min then I will find the setup for long with the target of green dotted line considering the risk to reward. 4. Those who are new readers for them I write taken out condition please try to understand it otherwise you will not understand my analysis. 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 next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. The rest market will decide. 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
29
WHEN HIDE & SEEK OF BNF WILL END SEE IN ANALYSIS ?Hi Traders, 1. On 1st July 2020, Post I mentioned in point no. 3 of the trading plan is quoting for your consideration " The same green arrow shows an upper target if the starting of the arrow on green resistance takes out in 1 hr time frame then the green dotted line will be the target. " You can see the price opened gap day next day and fulfilled taken out the condition on both time frames of 15, 1 hr. But if you see the candle marked in gree circle it took exact resistance on blue zone upper end and made it reversal candle. The confirmation came when the next big bearish candle formed. This is the time when long positions holders get cautioned and thereafter a pullback was seen but it also got selling by a big bearish candle. This means sellers are more active than buyers. Had I held any long position, I would have closed it with this information. Since green support is not taken out but still I would have covered it. 2. Where I marked a pink line this was the second attempt of buyers to take price up that also fizzled out though green support is not taken out. When this sort of scenario I face on the chart I always cover my positions of any side. It means the price is going into no clue zone of confirming direction. That can go either side. Sometimes we have to use our brain also as you all know in the last post my target was a green dotted line. But you also know that whatever levels I mark all are reactive and have the potential to change trend or to give pullback. So the same is with this case first hr gap up candle took resistance on the blue zone upper band proves it. 3. For the first time, readers taken out condition is a must for understanding, so writing for them. 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 next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. Trading Plan For the next session. 1. As far as the structure is negative which is going to no direction zone already discussed above. So I will wait to go in trade any sides till I get clarity on moves. I made one pink line to move up this line is to be taken out in 15 min time frame then being aggressive trader I will see buy set upon a lower time frame of 5 min and will take long with strict stop loss. But long side confirmation will be seen when the 1hr condition validates it. 2. On the contrary, If price trade-in yellow zone I will not like to trade in this zone. Rather I would like to wait for clear vision. 3. If yellow zone lower band is taken out in 15 min time frame then with stop loss I will open shorts in finding sell set up in 5 min time frame. Always remember If the price is ready to go in trend then your sl on 15 min time frame will not activate. It will get activated only when the price is in range-bound trades. The target will be the upper band of the green zone. 4. If bnf has to go up then price if opens gap down, it should recover in 30 mins to cross green resistance between the pink and yellow line. The rest price will decide. Please note that due to personal reasons I would not be able to make a regular post on nifty and bank nifty so get yourself adjusted with this routine. 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
BANKNIFTY looking Bullish !! BUY OR SELL ? Today's viewHii this is trader Kanishk This is BANK NIFTY my views on bank nifty today is to buy it after a small retracement. this is a bear market phase and this is not the recovery may be this is the bullish trap . be careful buy or sell after managing your risk reward. Please watch this video complete and follow all the steps . Please do the multi timeframe analysis during these type of phases . Guys let me know you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio more than this . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio . Guys you can also follow me on twitter for any queries.
NSE:BANKNIFTYLong
by thisiskanisk
AFTER CONSOLIDATION OF FIVE DAYS BNF MOVED UP WHAT NEXT SEE !!Hi Traders, 1. Yesterday I posted neither bnf nor nifty. In fact, There was not much change in the structure of both indexes, therefore, I just updated my ideas with an update. Hope you all would have seen it. Those missed either They do not follow me or not configured the right side idea button with your favorite author's notifications. let us compare the statements of the previous blog with price action. In point N0. 1 of the trading plans I mentioned is quoting for your consideration" As you have seen the taken-out condition is not fully activated for a downside trade. So I would like to see the upper zone condition to get activated for long trades. And zone is to watch is the pink dotted line with a solid green line. I showed a green arrow on the zone which has to be watched." You can see I talked about pink dotted with a green line as a zone for the watch in terms of the condition mentioned for this zone. Ideally, the taken-out condition is met only in 15 min time frame, not in 1hr. 2. Since the gap between the pink solid line to the upper end of the zone is big so one can not wait for the trade to get a green arrow condition to get activated. Especially when range bound trade is going for the last 5 sessions show in fig as vertical red line as a breaker. As I mentioned the condition of taken out for complete zone, not Pink color dotted line. Many traders were looking for the pink line to apply this condition. fortunately, it satisfied with both time frames. They must be aggressive traders. There is no harm being aggressive attitude in stock else you know how to time your trade. This post is going to be lengthy because today I have to clear the misconception of taken out condition among traders. So bear with this post. Writing a lengthy post is also time-consuming but for the sake of all traders, I have to write. 3. See I mentioned in point no. 2 of trading plan " If this zone is taken out in 15 min time frame then aggressive traders can take long with the stop loss of buying set up in a lower time frame of 5 Min. For non-aggressive trades, both conditions should be fulfilled. But In trading, nothing is shot sure even 1-hour condition gets fulfilled, you need to find set up on 5 min time frame to take longs with setup stop loss." Today two followers were trading today in bnf but with a different understanding of my points. The first talk about the one who loses 930/- what he wrote was looking upset and tensioned in his trade whereas second who earned 400 pts was calm and confident in his trade. You can yourself Judge as I am quoting their statements to understand how trading is done with conditions I mentioned in every post. "kiran2k7 4 hours ago @kiran2k7, I have taken 2nd JUL 10500 CE @ 34.95. let's see how it rides." Here he bought 10500 ce . kiran2k7 4 hours ago @yvatsji - the condition is of the upper green line is taken out in 15 min time frame then the price will move to the red dotted line 10,549. Looks like it just was taken out. Now can we enter long to target the red dotted line?" Here he is expecting a reward. The condition has been taken out or not I will discuss the nifty post. "kiran2k7 3 hours ago Sometimes I feel like, after I bought it, it drops down. It may be my psychology, also I feel that somebody trying to pull me down." Here he is depressed with the Volatility of price. " kiran2k7 3 hours ago @kiran2k7, It's easy to lose in the market. Right now, my position is still open with 975 Qty @34.95 - Now trading at 25.9 with a loss of 8k." Here repenting on his decision. "kiran2k7 an hour ago Exited my intraday position with a loss of 930/- after holding it for 3 Hrs. Looks like the price is moving around the Greenline. Good that I have not made a huge loss on this entry. The importance of this position is having the patience to hold the position until the end of the day to minimize the loss. I'm posting this to help others." Here Happy with small loss at one point 8k. If you all see and in a chronological manner. You will find He is unable to handle the options and still playing that instrument. Second, he read the chart and my instruction in an aggressive way and took his trade in an aggressive manner. Third, there is a concept to time your trade, he does not know. Fourth unable to put stop loss which is necessary for every trade. I write with every condition time your trade on a lower time frame where you will get your stop loss and entry point. But he is unable to understand. I know many traders are unable to understand but still, they trade. 4. See the case of the second follower who understood the market first by doing paper trades with perfectly following my instructions and result, you can feel the confidence and calmness in his trade is quoting for your consideration. He explained the trade logically but the first one did not. "akhil313 3 hours ago @yvatsji Sir, I took a trade after a long time(due to the range-bound market) since I saw a good movement from buyers today and they were also holding the ground. The pullbacks in 15 mnts were very weak, buyers candles were very strong, retraced fully with power, and got confidence when I saw a very strong buy candle in 1 mnt time frame which crossed the pink line. Then I checked whether there is a similar pullback by sellers, but there was none. So I took the trade with Entry - 21600 and SL- 21400 and TP - 21800, below the green line. And the trade worked perfectly and hit the TP. Thank you, sir, and god, bless for teaching us" You can see how he took his trade. The moral of comparison is that the stock market rewards those who show patience and aggression both in a balanced manner. If there is little imbalance in these two, you can not earn from the market. Both examples prove my point. Rest you people decide how you want to react in your trading. 5. Now come to today trade See price was consolidating In range for the last five days and both sides condition was in fig. You can see a lower solid pink line supported in precious days that you can see I marked in the previous posts too. And posting below your consideration. when In the morning First-hour candle took support here and reached green resistance. I took my entry consulting with lower time frames With the stop loss of second candle low and booked at upper green resistance. Today trade was clear and simple. No, if buts. Though you people will think when upper side condition is not met Though I took the long side trade. By simple logic of five-day consolidation with First hr buying by smart money. Since this type of circumstance came across first-time since I wrote my blogs so you are not aware of this. And without a practical example, I can not share how one can trade when conditions have not met both sides. Hope this concept is clear now. Next time if you face this sort of situation, You know how to handle it. Trade plan for next day, 1. Since the condition of taking out is fulfilled in a one-time frame 15 min so I will wait for 1 hr time frame to full fill this then I will be taking longs. For new readers Here is taken out condition:- "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 next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. " 2. I made a red arrow on the green line that line can change the structure of the long side to downside If taken out in Both time frames. Those who are positional long should square off long if taken out in 15 min time frame. 3. The same green arrow shows an upper target if the starting of the arrow on green resistance takes out in 1 hr time frame then the green dotted line will be the target. The rest price will decide. 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
51
IS BNF COMPLETED ITS CORRECTION AND READY TO MOVE UP SEE HOW ?Hi Traders, Comparison of my 25th June Statements with the real move. 1. On 25th June, I mentioned in point no. 2 ( trading plan) is quoting for your consideration " If price breaks this and pink support on 15 min time frame then you have to apply taken out condition only to short with the target of green zone lower band." You can see this condition is partially fulfilled only in 15 min time frame. Not in 1 hour. So there was no question of shorting BNF. Those who do not know the taken-out condition, for them it 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 next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. . Posting the previous chart for your consideration so that you can compare it with the current move and understand quickly. 2. On 26th June, I updated this idea hope you all have got notification of that of course those who are my followers only they can get it. Where I mentioned the same analysis will work on Monday also. New followers kindly configure settings of the right side bulb by selecting all options of whom you want to follow. otherwise, all ideas will flash. 3. Those who are genuine seekers should read the analysis of the stocks which, I post every weekend. This will help you to learn new concepts of this unique language. Some of the followers who trade only in stocks they should take advice from weekend posts for their trades. Trading Plan For Next Day 1. As you have seen the taken-out condition is not fully activated for a downside trade. So I would like to see the upper zone condition to get activated for long trees. And zone is to watch is the pink dotted line with a solid green line. I showed a green arrow on the zone which has to be watched. 2. If this zone is taken out in 15 min time frame then aggressive traders can take long with the stop loss of buying set up in a lower time frame of 5 Min. For non-aggressive trades, both conditions should be fulfilled. But In trading, nothing is shot sure even 1-hour condition gets fulfilled, you need to find set up on 5 min time frame to take longs with setup stop loss. 3. I circled two candles, see taken support on the same green lower end of the zone. This is the power of zones selected from many with the matching of price structures. A 111 candles Ema provides support. If this ema is taken out on 15 min time frame then take shorts with slop loss of the lower time frame set up of 5 min with the target of the lower band of a green zone to the red support line. Red arrow showing downtrend after taken out ema. 4. Always reminder trading is a game of switching your sentiments with the right time with a correct decision of entry and exit. It is easy to write in one line but takes a lot of years to master this technique. Please share your trades whether bad or good with reasons of entry and exit for all orders. So that they can learn from your experience. This is your responsibility toward your country to motivate maximum traders to learn this art. The rest price will decide which side to go. 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
46