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Bankniftytradesetup

Short term trading opportunity in Hindalco Ind for > 10% upsideHi, NSE:HINDALCO has given a Bullish Inverted Head & SHoulder Breakout on Daily charts with very good volume. MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:HINDALCOLong
by raigvivek
#banknifty directions and levels for October 9th.Today, we have a major event: the RBI monetary policy announcement. This means the market is likely to move based on this data, which will be released around 10 AM. Therefore, technical analysis may not play a significant role today. However, structurally, both the Nifty and Bank Nifty remain in a bearish bias since they haven't broken the 38% Fibonacci level in the overall correction. So, if the market rejects the key resistance level, we can expect the correction to continue.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY - SHORT TRADE FOR HUGE PROFITSymbol - BANKNIFTY BANKNIFTY is currently trading at 53920 I'm seeing a trading opportunity on sell side. Shorting BANKNIFTY Futures at CMP 53920 I will be adding more position if 54400 comes & will hold with SL 54720 Targets I'm expecting are 52800 - 51800 - 51100 & below. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:BANKNIFTYShort
by akshit_official
5
#Banknifty directions and levels for the 2nd week of October.Current View: The current view based on the RSI data is as follows: * The RSI divergence is likely to occur in the sub-wave 5. The structure suggests there is a 5th sub-wave forming. Once the market starts to bounce back, we can close the 5-wave structure in the 1st leg of the correction, leading into the 2nd leg. * The ideal 2nd leg is a three-wave structure, which could take a minimum of 38% to 61% bounce back from the previous swing. > In rare occasions, it could reach 78%. Structurally, it won’t go beyond this level; however, if it does, the overall trend will turn bullish. * Once the three-wave structure (2nd leg) completes, the 3rd wave will begin. The 3rd wave is a correctional wave; if it rejects and cuts below the EMA20 line, we can assume that the downtrend may continue further. This is our first variation. Alternate View: * The alternate view suggests that if the week starts with a negative candle, it may evolve into a diagonal structure. * A diagonal is a time adjustment pattern, so the correction could continue with some minor bounce backs. * However, the diagonal also indicates a sub-wave of the 5th. Once the diagonal pattern breaks upwards, the previous sentiment will apply here as well, meaning we can expect a minimum of a 38% bounce back from the previous swing.
NSE:BANKNIFTY
by Manickamtraders
4
4th Oct 2024 - BankNifty falls 2280pts ~ 4.24% - stance bearish--- BankNifty Stance Bearish ️⬇️ Banknifty also dropped 4.24% ~ 2280pts, the reversal signs were pretty clear last week and we did mention it in our weekly newsletter as well. There were 3 interesting moves this week.  Gap down on 30th Sep Gap down on 3rd Oct Strong price action on 4th Oct In fact, we fell almost 800 pts on 4th Oct after 12.30 pm, negating our retracement in the morning period. 51715 may act as a strong resistance and if we break through, I would like to change my stance back to neutral. Till then would prefer to go with a bearish stance. --- On 1st October 2024, SEBI issued a new circular "Measures to Strengthen Equity Index Derivatives Framework for Increased Investor Protection and Market Stability". In this circular, they asked the exchanges to limit the weekly expiries to just one index. They also suggested increasing the contract size from Rs5 to 10 lakhs currently to Rs15 to 20 lakhs effective from 20th of November. SEBI also asked trading members (brokers) to increase the Initial Margin (IM) and Extreme Loss Margin (ELM) even for the option buyers, this would be effective from 1st February 2025. Finally, they decided to increase the ELM for short options contracts by 2% on Expiry day.
NSE:BANKNIFTYShort
by viswaram
Advanced MACD with Professionals The moving average convergence/divergence (MACD) indicator is a technical tool that helps traders identify entry and exit points for buying or selling securities. It's made up of three time series calculated from historical price data, and the metrics are highly adaptable: MACD series: The main series Signal or average series: The second series Divergence series: The difference between the first two series Momentum Trading Otimize your MACD strategies with ... The MACD indicator is often displayed with a histogram that shows the distance between the MACD and its signal line. The histogram is positive when the faster EMA line is on top, and negative when it's on the bottom. Here are some tips for using the MACD indicator: Buy or sell: Traders may buy when the MACD line crosses above the signal line, and sell when it crosses below. Understand moving averages: Moving averages tend to trail behind price movements, but the MACD can transform this into a trading strategy. Look at the difference between two moving averages: This shows how fast a trend is moving.
NSE:BANKNIFTYEducation
by EmpireCrown
Medium term trading opportunity in VPRPL for v. good upsideHi, NSE:VPRPL has given a Bullish Flag Breakout on Weekly charts with very good volume. MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
BSE:VPRPLLong
by raigvivek
Long term trading opportunity in Suratwala for huge upsideHi, NSE:SBGLP has given a Bullish Flag Breakout on Weekly charts with very good volume. MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:SBGLPLong
by raigvivek
Medium term trading opportunity in Tirupati for > 20% upsideHi, NSE:TIRUPATI has given a Bullish Flag Breakout on Weekly charts with very good volume. MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:TIRUPATILong
by raigvivek
Short term trading opportunity in AISL for > 20% upsideHi, NSE:AISL has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:AISL
by raigvivek
#banknifty directions and levels for October 4th.Current View: The current view suggests that if the market finds support around the immediate support level, we can expect a bounce back of around 23% to 38% in the minor swing. This is our first scenario. For additional confirmation, you can refer to the 20 EMA Alternate View: The alternate view suggests a breakout trade. If the market breaks or consolidates around the support level, we can take a breakout entry and set the target at the next support level. Since I'm uncertain about the trend continuation, I’ve set the target conservatively at the next support level.
NSE:BANKNIFTY
by Manickamtraders
2
NIFTY | Possible support after mega fall ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ 💡FNO Stocks Trading📉📈📊 ✅Check out my TradingView profile to see how we analyze charts and execute trades. ✅We can't conduct a thorough analysis in such a short span of time. We need to review it, post our findings, and then take action. 5 min view 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:NIFTYLong
by ReviveTraders
#Banknifty directions and levels for October 3rd.Current View: If the market opens with a gap-down, both Nifty and Bank Nifty are expected to continue in a bearish structure, with some minor consolidation. Even if there’s a pullback, this type of correction typically won’t break the 38% Fibonacci level in the minor swing. This is our first scenario. Alternate View: If the market initially rejects around the immediate support level and breaks the 38% Fibonacci level in the minor swing, it could shift into a range-bound market. In this case, targets are expected around the 78% Fibonacci level in the minor swing.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 3 Oct 2024BANKNIFTY Intraday Trade Setup For 3 Oct 2024 Bullish-Above 53250 Invalid-Below 53140 T- 53850 Bearish-Below 52800 Invalid-Above 52910 T- 52200 BANKNIFTY has closed on a slight bearish note last day with 0.1% cut. Index may give a bounce only if there is a gap up and 10 o'clock range breaks in the upside or else it will be a sell on rise market. Best trade looks in the downside below 52800 on a flat opening. Next important confluence looks near 52170-200 zone as per ABCD plotted. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 53250 then we will long for the target of 53850. For selling we need a 15 Min candle close below 52800. T- 52200. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
#Banknifty directions and levels for October 1st.ank Nifty Current View: The current view is similar to the Nifty sentiment; if the market opens with a gap-up or takes support around the immediate support level, it could retrace a maximum of 23% to 38%. Structurally, it won't sustain there, so it may undergo some consolidation between the current low and the 38% Fibonacci level in the minor swing. . Afterward, we can follow the direction—whether it breaks the previous low or the 38% Fibonacci level. This is our first variation Alternate View: The alternate view states that if the initial market declines and sustains, we can expect a minimum correction to the levels of 52,722 to 52,629, which are major support levels. If it rejects at this level, we can expect a minor swing bounce-back of 23% to 38%. On the other hand, if it breaks or consolidates below these levels, the correction will likely continue.
NSE:BANKNIFTY
by Manickamtraders
Bank Nifty Levels and Technical Analysis- Bank Nifty is currently trading at 53,043 as of today and is down by 1.5% - Bank nifty took out buy-side liquidity and trapped many buyers but at the same time the market structure looks intact and bullish - Bank has a huge displacement around 52,000-54,000 - Bank Nifty might move after filling the Bullish Fair Value gap which is lying around 52,300-52,600 - Bank Nifty can make another higher high post that so be cautious and wait for the price delivery to purge your point of interest
NSE:BANKNIFTYLong
by VKtradesimbalance