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Bankniftystrategy

A Breakout in HDFC can take Bank Nifty to one more High? July 243rd July, 2024: Bank Nifty Elliott Wave Analysis The impulse that started on June 4th after the election day crash is still ongoing and progressing through waves 1, 2, 3, 4, and 5. Bank Nifty has completed waves 1, 2, and 3, and currently, we are in wave 4 (at present, we're not considering further extension scenarios of wave 3). HDFC Bank & Bank Nifty: HDFC Bank has a 28.38% weightage in the Bank Nifty index, and currently, HDFC is standing at a multi-year breakout level. We shared the HDFC Bank analysis a few weeks ago; please check the link below. [ Link to HDFC Bank Analysis ] Buy Entry Points: Wait for a good dip near the 51600-51800 range and check if the price forms a W pattern and gives a breakout above the TS, KS & Cloud in Ichimoku. Exit Points: We have to wait for the wave 4 low point to determine the wave 5 target. We will update the status here and in our Telegram group: t.me Stop Loss: 100-150 points below the wave 4 low point. We will update once we get confirmation. The risk-to-reward ratio will be great because wave 5 is expected to cross 53K. Note: This trade is not active yet. Confirmation is always good for entry and exit. Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:BANKNIFTYLong
by WaveMoku
1
#BANKNIFTY - 20/03/23 MARKET VIEWAfter analyzing the BANKNIFTY chart on the 15-minute time frame, it appears that there is a noticeable bearish sentiment in the market. This is indicated by the current dominance of sellers, which suggests a potential downtrend in the short term. As such, it may be wise to consider a short entry position at 39190. This would involve selling BANKNIFTY at the current price with the expectation that it will decrease in value, resulting in a profit. To manage risk, a stop loss order can be placed at 39460. This will automatically trigger a sell order if BANKNIFTY rises above this level, helping to limit potential losses. The target for this short position is set at 38760, which represents the expected price level for BANKNIFTY to reach as it moves lower. Once this target is reached, the short position can be closed out to realize a profit. Overall, based on the current market conditions, taking a short position in BANKNIFTY at 39190 with a target of 38760 and a stop loss at 39460 may present a potential trading opportunity. However, as with all investments, it is important to carefully consider the risks and conduct thorough research before making any trading decisions.
NSE:BANKNIFTYShort
by DamisInvestments
#BANKNIFTY - 20/03/23 MARKET VIEWOn Friday, the 17th of March 2023, the BANKNIFTY showed a strong close, indicating positive market sentiment and bullish momentum. To capitalize on this momentum, traders can consider taking a long position with a target of 40800 and a stoploss at 38900. The support levels for the index are currently at 39500-39700 range, which suggests that the index has strong footing and is likely to move higher. To reduce risk while maximizing returns, traders may consider purchasing a monthly expiry Call Option, such as the BANKNIFTY 29 MAR 40000CE. This option will allow traders to take a long position on the index at a predetermined strike price of 40000. By adhering to the given targets and stoploss, traders can minimize potential losses while capturing potential gains from the upward momentum. Disclaimer: It is important to note that trading in the stock market involves risk and requires a thorough understanding of market dynamics, technical analysis, and risk management. As such, traders should always exercise caution and conduct their own research before making any investment decisions.
NSE:BANKNIFTYLong
by DamisInvestments
BANKNIFTY FUTURES 06 JULY 2022BANK NIFTY TODAY 05-07-22 Did you see mates how Bank Nifty reacted to my levels even in highly volatile panic situation. Started Gap up, broke the trendline of 34180 with high momentum, but could not even dare to cross my zone of 34401-34467. Took Reversal from there after distribution of contracts to novice bulls who don't follow the levels and trapping them. Fell ferociously and ended around my zone of 33878-33810 BANK NIFTY TOMORROW 06-07-22 More and more Bank Nifty is getting volatile, the more zones are coming closer, which will make it move in range and increase volatility. Best of Luck for Tomorrow, kindly trade around zones and levels with price action confirmation. NOTE - Don't miss the Up trending channel confluence with zone of 33426-33480, I have marked it on chart.
NSE:BANKNIFTY1!
by GlobalMarketWizard
Bank Nifty Fut Levels for 17 JUNE 2022BANK NIFTY TODAY 16-06-22 Started with gap up above my zone 33580-33499, Gave good oppurtunity to short with tiny SL. Then went directly to 33222-33160 zone took a pause for 1.15 hours gave a good short entry again, broke support line of 33025 with momentum candle. Reached the last zone of 32739-32630, which was in confluence with my down trending channel and finally ended just below the zone at 32573. #POWER OF TECH ANALYSIS BANK NIFTY TOMORROW 17-06-22 Kindly observe the price is now in a new down trending channel, trade only around the zones and channels at confirmation of price action.
NSE:BANKNIFTY1!
by GlobalMarketWizard