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Bankniftyshort

Expecting BANKNIFTY to break Lower Trend line, Waiting to Short.Banknifty moving in a channel and narrowing its range thus hinting us to break the lower trendline. Might be risky as we were entering before the breakout but if this thing works we may easily capture around 300 points. Most of the people might be wating for breakout of lower trendline thus entring before the audience to have the first mover advantage, if it will break the trendline we might see impulsive move. So Enter Short Below 22150 for targets of 50,100, 150, 225 & 300 with sl around 22380. Also if it somehow manages to move above 22400 we might be Entering Long for Targets of 50,100,200 &300 with Sl around 22200.
NSE:BANKNIFTYShort
by Akashyadav92
Banknifty outlook part 2The opening candle shows signs of demand due to the wick size and bullish closing. But as price approached the resistance level, it showed no signs of strength, which would show that Banknifty is going to break the level, and so in today's closing, price hovered near the resistance level and closed near that. One of the candles near the resistance is a bearish pin bar, suggesting supply and the next candle closed indecisively due to it having a wick but price closing above the opening, causing the candle to close green. Bias is still negative and any confirmation which I get will make my bias even stronger. Price action wise a falling wedge is visible on the chart, which is a bullish pattern. But if the market is bearish, even bullish patterns fail and may result in fakeout. Be cautious. This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in stock market. Consult your financial advisor before taking trades I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible. Trade carefully Grateful🙏
NSE:BANKNIFTYShort
by inteliigentrader
Banknifty outlookBanknifty is looking weaker than Nifty due to various reasons. Banks have been affected in the lockdown and hence this has also affected their profitability and hence Banknifty has been trading weaker. Institutional investors' views are also looking bearish on Indian Banking sector, or else by this time, they would have started accumulating various Banking stocks, but this is not visible yet. So be cautious before taking any trades in Banknifty and wait for confirmation. Targets and analysis has been mentioned on the chart. 21250 is very likely, but a fall below that level would be a little difficult. Similarly, 23100 levels would not be touched before a week. This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in stock market. Consult your financial advisor before taking trades I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible. Trade carefully Grateful🙏
NSE:BANKNIFTYShort
by inteliigentrader
SEE HOW BNF CHANGED ITS DIRECTION OF UPSIDE TO DOWN ?Hi Traders, 1. On 28th July 2020, I wrote in point no. 1 of the trading plan is quoting as proof of how early tracing of change in trend helps many positional traders to go wrong in their trade. " See I made a pink line at the bottom which indicates if it breaches then any positional long should be covered. In fact, the first 15 min candle if the price comes to near this line one should cover longs. " You can see when this line breached price never recovered from the down move to up move. The circled candle in green is responsible of change in structure of long side. Setting a previous post fig to understand the current fig better. 2. In point no.4 I clearly mentioned is quoting for your consideration " In any case, today's low is breached then this downtrend will resume. " Here the current low is 28th July low. That is breached now downtrend will resume. but it does not mean you will not get pullback of downtrend. Basically sell on rising is market now till the above red dotted line is not taken out in 4 hour time frame. Trade Plan For Next Session. 1. A downtrend pullback can be seen to green dotted and blue dotted zone. If the price sustains between zone for 45 mins then can go to red dotted line. If price sustains in a zone then positional long should be covered. Because in case the price moves beyond red dotted line then lose of of positional short can be minimized. 2. If the price falls from green, blue dotted zone then one should keep an eye on price after breaching red line whether continuous selling is seen or price getting range-bound because selling can be stopped there without filling taken out condition. 3. On the contrary, if a red solid line is taken out then the price will move to a white dotted line. 4. In any condition price takes out red dotted line upside in 4-hour time frame only then trend will reverse from downside to upside. Since price has entered into the correction phase so range-bound volatility will be seen making trade difficult into both sides. Not providing the taste of trending move. A small trend will be seen. 5. For new readers taken out condition is writing to 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
68
Ready to Short Bank Nifty One More Time ? Looking Weak ?As mentioned already in my earlier idea (attached below) on Banknifty that if buyers has to take back the control Bank nifty has to move above 21920-930 which might stretch upside towards 22200-22300. We booked profits in that trade and Banknifty moves similarly as expected by us and now we can clearly see that 22300-350 is acting superb support for Banknifty for couple of previous sessions. Keeping this scenario in mind one can enter short below 21940 levels marked by dark red line for downside targets of 21650, 21410 & 21200 marked by red dotted line, keeping sl around levels of 31320-340. If anyhow, Buyer took the charge we will be entering Long as per levels mentioned on chart. Thanks!
NSE:BANKNIFTY
by Akashyadav92
Short BankniftyI hope you can now see how the 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 favour. 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:BANKNIFTYShort
by EntryandExit
3
Trade setup for Banknifty(Educational)Nifty is looking in a strong uptrend, but Banknifty is neutral as it still hasn't broken the 23000 barrier on a daily chart. For Banknifty to be bullish, it needs to break 23000 on a daily chart. This is my personal setup for Banknifty on Monday. Looking at domestic cues, the trial for vaccine has been allowed by AIIMS, which is a positive, but on the other hand, Indian COVID cases are rising exponentially. Another point is that HDFC Bank's results are out and they look positive, and as HDFC Bank is a heavy weight in Banknifty and Nifty, we can expect Banknifty to rally with HDFC Bank. Market has somewhat taken into consideration the result of HDFC Bank as it rose by 3% on Friday and profit booking can also be visible, like that on Britannia. Be cautious while taking trades. Targets as set according to how the market can react. This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in market Consult your financial advisor before taking trades I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible. Trade carefully Grateful🙏
NSE:BANKNIFTY
by inteliigentrader
BNF PASSED CRITICAL LEVEL TEST IN PAST TWO DAYS WHAT NEXT ?Hi Traders, 1. On 15th July, post in point no.1 of the trading plan, I clearly mentioned is quoting as proof of my statement and compare it with the current chart " Today low is important If it is breached and 15 min candle gives closing below this low then chances of upside move will finish. And on taking out the red upper band of the lower zone, the price will travel to the lower band of the zone." See in 15 min chart the next day 15 min candle breached the red line and gave closing below the line. But the next 15 min candle gave closing above redline. And price never came back to that low. This means that taken out condition of this level is broken neither in 1-hour time frame nor in 15 min. All followers know when the condition is not satisfied means no change in trend. That how perfectly mentioned in the above-highlighted condition. Can you imagine this manifestation was done before the move and title of 15th July "BNF STANDING AT CRITICAL LEVEL SEE HOW TO TRADE !!" proves my understanding with price movement is so precise which forced me to give this title of the post. Why I selected that red line for change in sentiments is a question of thinking. Because after move anybody can co-relate but before move how many cans? 2. Now come to the third point of the trading plan of the last post is quoting for you." opening at what price and sustaining in the next 15 min will decide the direction of Bnf. That is why I gave the title of critical stage price is standing on." Here I used word sustaining in the next 15min you saw only the first 15 min candle was full bearish but could not sustain that sentiment and price moved up. That is the perfection of words no need to mention who can see the move can only write with this sort of accuracy. 3. Before going to trading plan section for the next trading session, I Like to Inform in last three months the number profit-earning traders are increasing day by day and many of them share their trades in comment pox of nifty and BNF post struggling traders and newbies should read in this way, they will be motivated and many educational questions are asked where replies will also increase your knowledge to understand the market in a practical way. To better compare of above-mentioned statements, I set a previous post chart for you so that you can compare each discussed aspects. Trade Plan Of The Next Session. 1. With the change of structure, some previous lines are erased and new are drawn so do not get confused. One has to change with sentiments of price. A yellow dotted line is seen on the chart this implies that If price breach this line and take it out on 15 min chart then uptrend will reverse to downtrend. I prefer on breaching all longs should be cleared. the satisfying condition will confirm it. 2. Blue dotted line is breached in a 1-hour time frame but not taken out yet small candle confuses it by satisfying the condition but I do not count it as the trading period is only 15 min. This satisfied the condition of 15 min not 1 hour. As you all know we need both conditions to be satisfying the up move. If this is satisfied then you will see price moving to pink line where it is expected to get resistance. 3. If the pink color line is taken out in 15 min not necessarily in 1 hour then breached candle sl long can be created with the target of the blue line. 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 next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. 5. Above mentioned condition is valid for trending move but for range-bound move please see 8th July post that link is attached in downside box. Until and unless you understand these two cases can not understand my analysis. 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
34
Trade setup for BankniftyIf you want, I have an expiry strategy for tomrrow in Banknifty. Comment below so I know, but the strategy will be educational and doesn't mean that you need to follow it exactly. Consult your financial advisor before taking any trades Analysis is given on chart I will buy above 21420 This is an educational post I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible. Trade carefully Grateful🙏
NSE:BANKNIFTYLong
by inteliigentrader
IS DOWN MOVE IN BNF A TRAP OR CONTINUATION OF DOWN TREND ?Hi Traders, 1. On the 10 the of July 2020, I mentioned in point no.2 of the trading plan section is quoting as proof of my statement compare with today move" The white moving average is taken out in both time frames then the price will move up to the yellow trend line but between yellow resistance and green dotted line will act as resistance where the price can go for consolidation stage." You can see the market opened gap up and took resistance of the same line and fell down without fulfilling my taken out the condition of white EMA. Why price either open or close reacts on given levels daily without fail a single day in the last three months in every chart is a question to think. I circled in green the exact resistance on the yellow line. 2. I made a white circle at redline see carefully the taken-out condition is not fulfilled in both time frame so one should not initiate short at this stage but one of my followers is interested to read my words as a story. So he initiated shorts because the red line is breached. See his statement. "mrhariA7 3 hours ago Redline breached! Initiated shorts for further downside..." I want to ask how much money he made in this trade where the price went into consolidation. I appreciate, he wrote in the comment box at least I could highlight his mistake to give you a lesson so that you people will not do in your trading. One of the matured followers replied to him although the reason was different than what I shared in my all post of condition fulfillment is quoting "SureshKumarPolisetty 3 hours ago @mrhariA7, I think it will bounce back from here. There is good support to put options OI at 22K levels. This way if you read my posts then you can not learn this art. 3. If you see in the previous fig that I will set below, you will find a red arrow that I finished at the orange moving average. You can see downfall stalled near this average. This is a sort of perfection I share every day to make your trading easy. But some of you do not understand my word is unable to earn. Until and unless each written word is not matched with the chart you can not understand my view. I have seen many followers write childish questions in the comment box. They themselves put their hard work to understand points but need my hard work to reply to these amateur questions. I would like to answer intelligent and prudent questions that show that one has done good labor to understand these concepts. So If I do not reply means that the questioner has not done his hard work properly. The question itself speaks the hard work of a person. Trading Plan of the next session. 1. Blue dotted line is taken out on both 1 hour and 15 min time frame the trend will change to the downside. otherwise Till now I see a deep retracement move of the uptrend. 2. If the gap up opening is near any of my lines upside the see how price behaves in the first 30 mins if taking resistance or no heavy selling pressure then price will move to the upper red dotted line. 3. On the contrary, if price sustains(support) at any shown level then it can be range-bound for some time. 4. If price takes out the yellow line upside in both time frames then the green dotted line is the next target. The yellow line will act as good resistance. If the white trend line is breached and price does not come back in the next 15 min in the same trendline then this down move is over. Price may remain range-bound. 5. 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 next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. 6. Note that taken out condition is not fulfilled by price in any condition mentioned in the last post. ( only two were given on upper side and lower side.) 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
35
BankNifty Bearish CrabI hope you can now see how the BANKNIFTY represents an excellent BEARISH CRAB low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour. 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:BANKNIFTYShort
by EntryandExit
5