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Bankniftylong

BANKNIFTY Bearish trend price falll BANKNIFTY 1. primay trend line not breakable 3 rd time fail last 2 selling pressure 2. weekly closig same high closing chance for selling 3. 2 days side way price movementum consolidation zone / long unwinding 4. today also not break resistance sellling presssue price movement , seller inside coming the markert initimation 5. bearish butterfly Harmonics pattern formed and price action move going down side fall today 6. next target down side demand / supply zone good 7. break the primary resistance line confirmation of bulish sentiment after buy entry 8. minor trend line supply line confimation down side up move
NSE:BANKNIFTYShort
by Muthu1501
REVIEW OF BANK NIFTY | 13-08-2021 | PROFITABLE BUY SIDE TRADE NSE:BANKNIFTY This is REVIEW OF BANKNIFTY for date of 13-08-2021. How you could have get easy 200+ points buy trade in BN. This is just for education purpose only. 1) If you see since 11th August it has been taking support from the Bottom Trend-line and facing resistance from the Top Trend-line. And it shows that it is trading in a channel pattern. 2) Now on 13-08-2021, Friday, it open above the top Trendline and as per our rule we are avoiding trading in first 15-20 minutes and wait for the proper price action near our pre-decided levels. If you see other next 15 min candles doesn't give any strong signal as those candles were not breaking our level of 36103, there was giving no entry signal. On 12:45PM it broke down the upper Trend-line with red candle and it was good move on the sell side. But I was not convinced in this short trade as most of heavy weights like HDFC, HDFC BANK, Reliance etc. were showing strength. And then if you see that sell came below till 50MA as well as the bottom trend-line and get amazing support from it. That Red candle is at 13:30PM time (Step-1 on chart) . And this was the strong signal (Step-1 on chart) to enter in buy trade. So the entry was in next candle (Step-2 on chart) at any stage with 36000CE option with SL of 35936 and target of 36200. (Step-3 on chart) The next Candle already broke 21MA and now we are confirm that if in next it breaks that upper trend-line then it will be easy for us to get target at 36200. And in next two candles we achieved the Target of 36200. Since, it was Friday and Friday factor was there, so it was sure that it will come the profit booking after 3pm and we can see 3 red candles of sell after that. This factor has to be kept in mind. No matter what, we have to exit at our target once it hit. Hope I made it easy to understand how buy trade worked in BANKNIFTY on 13-08-2021. Do comment your doubt or suggestion. Also do let me know if you had followed any other strategies in Bank nifty. All the best and have a wonderful weekends.
NSE:BANKNIFTY
by Trading_hawk
6
BANKNIFTY Trend Analysis Next week monday possible Fall ?????BANKNIFTY 1. primay trend line not breakable 3 rd time fail last 2 selling pressure 2. weekly closig same high closing chance for selling 3. 2 days side way price movementum consolidation zone / long unwinding 4. today also not break resistance sellling presssue price movement , seller inside coming the markert initimation 5. bearish butterfly Harmonics pattern formed and price action move going down side fall today 6. next target down side demand / supply zone good 7. break the primary resistance line confirmation of bulish sentiment after buy entry 8. minor trend line supply line confimation down side up move
NSE:BANKNIFTYShort
by Muthu1501
4
BANKNIFTY Selling pressure expert Fall BANKNIFTY 1. yesterdaay primary monthly trend resistance line not break 3rd time 2. today also not break resistance sellling presssue price movement , seller inside coming the markert initimation 3. bearish butterfly Harmonics pattern formed and price action move going down side fall today 4. next target down side demand /supply zone good time put option buy 5. suppose my analysis fail tommorrow break the primary resistance line confirmation of bulish sentiment after buy entry write call option
NSE:BANKNIFTYShort
by Muthu1501
BANKNIFTY trade setupbanknifty is now in a short range and can give a good movement on both sides it has made falling wedge or falling channel on daily chart and now trading at resistance area now if it breaks upside 34840 then after a small retest it can move upto 35500 but if it faces resistance tomorrow on 34740-34800 then it can breaks down side and can easily travel to 33600 so remember these levels and keep losses small, do not overtrade in rangebound market in these types of market we can get more stoplosses then other days.
NSE:BANKNIFTY
by Rahul_vrma