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Bankniftylong

Banknifty Long Volume based trade @21485Why long above 21485 See chart: 1. Price Channel confluence breakout with support 2. Rate of change of price is positive, and sign of retracement from channel 3. Their are Volume spikes with price stablization above bull candle of 18th June 2020 Trade Setup Buy@ 21485 Target @22785 Stop @ below a day candle close below, 20715 *Strictly for educational purpose, *trade on your own risk About Me: Hi I am Ankit, I am a lifetime student of Finance, I have done algorithmic trading certifications from University of Oxford, and am pursuing MS in Quantitative Finance, from University of London. Being an Indian, I am researching, leaning, analysing and trading over: NSE Equity Cash Market CRYPTO Market NCDEX Agri Commodity Market USDINR Currency Market Gold-INR Bullion Market I always try to explain my trade findings graphically, mathematically, quantitatively and personally if required! If you want to learn with me or ask some of your queries, I am always hoping to help you, I can help you with : Understanding Trade Setups The right Way Positioning your Trades and Risking your capital Expectations Vs Risks and how they perform together Learning the path for profits, Intensive self study, with proper guidance and materials Understanding of Coding ability required for algorithmic trading (for people who have good cognitive skills and want to level up with technology)
NSE:BANKNIFTYLong
by Ankit_1618
3
WHY PRICE FIND MY LEVELS TO REACT SEE YOURSELF !!COMPARING MY YESTERDAY STATEMENTS WITH TODAYS REAL MOVE IN BNF. 1. The title of yesterday post "initial long trend started in bnf will it be moved further see." Why i gave this title is proved by today's move in bnf . In point no.1 {trade plan} "if price breach the lower solid pink line and do not come back in 30 mins then one should cover c/f long." Can you see the first sentence of first point {trade plan} was written about long c/f means I was confident that price is going to breach upside but nobody can write 100% sure .AS stock market is language of probability. Therefore, I always share conditions for trade. 2. Circled in green a hammer candle making micro zone , after that price gave good rally. I want to ask you all why in every chart which I publish price find my levels for reactions so precisely. Why I select those level in my analysis . Although many resistance, support ,zones are created by market. why only that levels which market like to react is selected by me. My profile is full of that posts more than 140 , proving every day consistently. Four days by technical fault I could not publish my ideas . How many of you were feeling uncomfortable doing trading. Ask yourself ? If any newbie has good basic knowledge of trades he/she can earn daily by understanding my conditions. And formulae is BASIC KNOWLEDGE + MY ANALYSIS = PROFIT. Many of you are earning, newbies can see comment box. There are many who do not write because of superstition. Condition are like light on track which save you to take right decision. I myself follow all my conditions . And by the grace of God rejected many offers in my life to sell my knowledge. Because nobody can provide me what stock market can with this sort of depth . Therefore, I tell regularly in my post to burn night oil If you want to make this your career. In nifty post I showed my protest not to even observe the move came two days back manifested last week. The effect I saw today when two of my followers , observed pink solid line in bnf .That is what I want every trader to observe the given levels in trading. Trade plan for next day. 1. As you can see the pink dotted line is taken out on both time frames. (1hr and 15 min ) so long biased should go on. But It doesn't mean bnf can not come down tomorrow If it come back for pullback trade by gap down opening or while trading. Then pink solid line should act as support. 2. If in any case price breach it and do not come back in same candle then possibility of range bound trade will emerge . And red resistance will act as range high . 3. If price open gap up in pink zone and do not show momentum to move up in first 15 min then c/f long should be booked here. 4. If momentum is high then price can go to green zone. while trading in day pink zone is taken out then green zone is target. In any case If price trade below solid pink Then long c/f should be surrendered . Always remember you can take re entry in same direction if you are right and volatility of price insist you to cover your position. Its okay. Re enter when price start to move in you direction. But never convert your trade into hope. Rest market will decide. YOGESH VATS Note. Trollers to satisfy your ego I accept that I can be wrong any day any time . And my suggestion is better to learn from my charts rather to make ego issue.
NSE:BANKNIFTYLong
by yvatsji
88
DOW DOWN WILL BNF GOING TO FALL SEE ANALYSIS !!COMPARING MY YESTERDAY STATEMENTS WITH TODAY'S REAL MOVE IN BNF 1. In point no.1 of trading plan what i mentioned quoting for your consideration ."last half hour buying may be deceptive.' Can you see now whole day was trending bear day. That is why I called it deceptive. In same point no1. I mentioned one more thing" red (arrow) is below pink if price do not break this condition of pink in gap up mode then you can see fall." Every day I shift green and red arrow to give clear view of trend . can you imagine yesterday I set red arrow just below the pink color dotted line and how confidently wrote If gap up opening is not seen then from red arrow you will see fall. On air panelist give direction sl, target in numbers but I provide only colored lines with conditions . There is no false breakout when my conditions are fulfilled. I gave you target of pink and red zone to book profit three days back. See price is near that zone. I slightly shifted pink line up ward for tomorrow move. yesterday day bnf took money from traders by trapping both sides for last two days. But today gave all back with bonus if you traded after first hr candle which i circled in pink with sl of slightly above pink dotted line. I traded same and ate all move. Yesterday did not trade watching drama today completed yesterday Profit too. This is how market works. 2. Traders please write your trade whether good or bad . Good trades will inspire co-fellow to work hard and bad trades with complete details will also help them by my replies how to take that trade. Yesterday two followers wrote about bad trades with detail how they took , I gave replies that will enhance your education towards market. When you write about bad that trades only then will be able to show the right path of this language. So write both trades in this way you all learn new things . Today circled candle show buying pressure and closed just below pink color that gave me information that buying is from weak bulls otherwise nest candle should be taken out from pink line but that did not happen .So with confidence I took that trade.every day I share practical things of chart with you always keep in your mind and practice on charts otherwise you will forget all. Trading Plan for next day. 1. See i made big green circle that is down trend If bnf clear this first condition which I am going to write then you can see price going to lower blue line. The pink and red zone is to be taken out then second condition blue line on down side in fig should also be taken out. Where I put red arrow. Then I will be bearish for bnf. After that treat all up move as pullback of down trend and use for selling. 2. On the contrary If price break green dotted trendline and full fill the taken out condition for this trend line with pink dotted line then I will be bullish. All short should be covered on satisfying this condition. Same for long when pink red zone is taken out then cover your long.pink red zone to blue line is no direction zone.so trade accordingly. for new followers attaching post of taken out and breach condition .Learn it otherwise you can not trade without understanding these. Note.Trollers I can be wrong any day any time I accept it I have no ego in it So your ego is now satisfied. Rest bnf will decide.
NSE:BANKNIFTY
by yvatsji
71
Science Backed by Data[Bank Nifty Series]: BankNifty new wave ?Let's Learn and Earn. Elliot wave mostly if identified correctly helps in discovering important psychological levels. Bank Nifty Second waveform can start and wave 5 for previous wave form is complete with correction of ABC. Today's last 15 min start of new likely wave of Bank Nifty is beautifully mapped on 15min Chart for your consumption. Also if it enters the pitchfork channel, ride the trend and look for wave 1. Previous wave 1 length has been 1892 points. This will bring target to 20814+1892 = 22706 for BankNifty Target Now time for some Learning. 3 Most Important rules of Elliot wave are • Wave 2 can’t retrace more than the beginning of wave 1 • Wave 3 can not be the shortest wave of the three impulse waves, namely wave 1, 3, and 5 • Wave 4 does not overlap with the price territory of wave 1 (Mostly overlooked). Even if one of the above rule is invalidated, you should not assume wave's to be correct. Let me know with a like if you enjoyed reading the Analysis. This will encourage me to work harder.
NSE:BANKNIFTYEducation
by SiddRidd
BNF WILL TRAP MANY TRADERS BOTH SIDES SEE HOW ?Hi Traders, 1. There is nothing to compare with my Friday post trading plan. Except I shared down trend has changed to up trend as red line was taken out on Friday so trend is upside. It is still going on . Bnf opened gap up and breached swing high. For swing high related update I send in morning for those who carried short positions on Friday. That update condition was breached by crossing swing high. Means immediately covered shorts. Always remember when condition is breached you have to take accordingly. See market spend two hours in tight range. In first candle I saw selling pressure that gave me impression that sellers are present at that area. 2nd candle tried to cross first candle high but week bulls could not do it. That was the right clue for me even for those who covered shorts two hours back. To take position in down side .Here sl was clear, risk to reward ratio was pretty good. And market spend two hours in consolidation. All factors were in favor of shorts. I took that position by timing created in lower frame. That position I booked at red support line. Always remember when you are wrong side of trade and get stuck then cover your position when condition gets failed. See every day all support resistance and zones I shared how perfectly all works both side circled hammer candle in pink. One more thing to notice 27 bar moving average works perfectly circled in two areas of exponential moving average. No book depict this moving average even default setting in software are 9,21,50,100.200. But my all average are different from books and software. These are the result of long battle with charts in my long journey. Proving almost every day. So use them You will get more clear view of chart support and resistance. 2. Now tomorrow trade plan. See Bnf has not changed its structure to bearish mood. Although It changed to corrective structure where it will tarp both sellers and buyers till it do not take out green upper zone or green dotted line to down side. Taken out condition is valid for both side range. In this range it will trap both bears and bulls. 3. Green arrow shows if taken out this zone should take long with the sl of green zone. On other side Go short when lower red support line is taken out with sl of green dotted line for positional trades. New followers pl understand taken out condition first attaching that post . I think manifested whole trade for tomorrow. In my style of trading conditions are very important. If any body has basic understanding of charts can go for trading easily. If forget to act with any condition the. result will change into...... Traders are trading in various scrip which I manifested, many of them are writing in same post about their earning. They themselves write how condition help then to understand trade in market. So Trade "n" Grow with education. My final target of this upside move is blue zone. that can be achieved in day or two. One more thing in any case price visit blue zone in upside and i find extension in structure then blue zone will also create new. Rest market will decide. I can be wrong any day any time. So satisfying the ego of trollers by accepting it. My main motto is not to flaunt my wisdom but to help struggling traders in form of earning and education. YOGESH VATS
NSE:BANKNIFTYLong
by yvatsji
42
SEE HOW TO DETECT EARLY CHANGE IN SENTIMENTS OF TRENDCOMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE TODAY IN BNF 1. In point no. 1 trading plan I gave only one condition that is for your consideration " trend will only change if upper band of zone 4 will be taken out till then down direction". That condition is fully taken out in last 15 min of trading. I circled a green color candle of last hr which broke upper end of zone and next candle takes out the high of previous candle . That is how trend changed to up ward side. Those who are positional shorts will wait for satisfying this condition and should have cleared their shorts after 3.20pm . The early sign were shown on 27 bar moving average in white color. In yesterday trade last three hours were showing support on that average Pius second candle of the day also took support on same average. when you find this sort of position on chart always switch your sentiments to opposite side this is early sign can exit short here or on 6th candle which gave clear decision where price came down by touching red upper band and recovered same. that recovery is clear to quit shorts. See for this reason I follow 27 bar average which gives me early sing of trend change . I every day to give practical lessons of trades . you should keep all lessons in mind while trading. Some times one should not wait to break zone ,support and resistance. This is also the way to take early decisions. when you are holding position. Confirmation will definitely come after taken out condition but this way you can reduce no of points for losing. every day new practical examples occur during trading my efforts are to train your mind and eyes recognizing all these imformations which chart deliver while trading. This will create an edge over others. Remember and practice on charts. Trade plan for next session. 1. Since zone has cleared the trend has changed to upside so best strategy will be buy on dips next target is blue zone. Buy only when you get that setup in lower time frame.Wining traders share their trade in comment box so you all should visit once in a day after trade or while trading to see that imformation. Even I also learn many things from them. Learning is forever process . Never going to end in life. Always be learner. Those who are short they should quit their position in first 15 mins.Rest market will decide. YOGESH VATS
NSE:BANKNIFTY
by yvatsji
28