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#Banknifty directions and levels for November 19th.Bank Nifty Current View: The structure is similar to the Nifty sentiment. The current view suggests that if the market declines initially, then 50,045 will act as support. If the market breaks this level, the correction will continue to a minimum of 49,745. On the other hand, if it doesn’t break this level (50,045), then it could consolidate between the level of 50,045 and the 38% upside. Alternate View: The alternate variation suggests that if the market sustains the gap-up, then the 38% level will act as resistance. If the market consolidates or breaks this level, then the pullback will continue to the next resistance Fibonacci level of 50%. Conversely, if it doesn’t break or rejects this level, we can expect consolidation leading to a correction.
NSE:BANKNIFTY
by Manickamtraders
#Banknifty directions and levels for November 18th.Bank Nifty Current View: The current view for Bank Nifty indicates that if the initial market takes a pullback around the immediate support level (38%), we can expect a minimum pullback of 23% to 38%. After that, if it rejects at either the 23% or 38% Fibonacci level, the correction will likely continue. However, if it sustains and breaks the 38% Fibonacci level, it could reach the 50% and 61% levels. If this happens, the upcoming session could turn into a range market. Alternate View: The alternate view suggests that if the market breaks the immediate support level (38%) solidly or consolidates around the support level, the correction will likely continue to the level of 49,283.
NSE:BANKNIFTY
by Manickamtraders
#BANKNIFTY - 18TH NOVEMBER!!NSE:BANKNIFTY Chart contains support and resistance levels ( understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making.
NSE:BANKNIFTY
by thetradeforecast
1
#Banknifty directions and levels for November 14th.Bank Nifty Current View: The situation is similar to the Nifty structure. If the market undergoes minor consolidation or if it breaks the previous bottom solidly, then the correction will likely continue toward the level of 38% to 49283. Furthermore, a diagonal pattern is also possible; therefore, we can follow the same instructions mentioned in the Nifty sentiment. Alternate View: > The alternate view indicates that if the market initially takes a pullback, we can expect a maximum pullback of 38% to 50%. After that, if it rejects the 38% Fibonacci level, then the correction will likely continue. > The pullback yesterday appeared to be a solid candle, so if the market takes a strong pullback, it could easily break the 38% Fibonacci level. However, if the market breaks the 38%, we could consider that a minor reversal.
NSE:BANKNIFTY
by Manickamtraders
#Banknifty directions and levels for November 13th.Current View: The current view suggests that if the market sustains the gap-down, it could experience a minor bounce back around 50,865 or DZ. However, this would only be a minor bounce back; after that, if it breaks the previous bottom, then the correction is likely to continue. Alternate View: The alternate view indicates that if the market opens with a gap-up, or if the initial market takes a solid pullback and breaks the 20 EMA, it may hold a range-bound sentiment. This means the market could move to the top of the range. Targets are expected to be a minimum of 38% to 78% of the swing.
NSE:BANKNIFTY
by Manickamtraders
#BANKNIFTY - 13TH NOVEMBER!!NSE:BANKNIFTY #NIFTYBANK ⚡ Observe, understand, then implement 👍🏻 Chart contains support and resistance levels (understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. P.S note : im not SEBI REGISTRAR 🙏🏻 Any doubt 👉🏻 @thetradeforecast
NSE:BANKNIFTY
by thetradeforecast
1
Nifty Trading Strategy for 12th November 2024Nifty Trading Strategy: Buy Above 24,236 / Sell Below 24,060 Current Price: 24,142 Key Levels: Buy Signal: If the price closes above 24,236 on the 15-minute candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 24,060 on the 15-minute candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 24,142, just below the buy signal level. The market is showing signs of bullish momentum, but it's important to monitor the price closely, especially around the 24,100 to 24,200 levels, which could act as support or resistance. Recommendations: Buy: If the price sustains above 24,236 on the 15-minute candle close, consider entering long positions with targets at 24,300 and 24,400. Sell: If the price breaks below 24,060 on the 15-minute candle close, consider short positions with targets at 23,900 and 23,800. Disclaimer: I am not SEBI registered. This is only for educational purposes. You may do your own analysis before taking any trading decisions.
NSE:NIFTY
by ramkkyy
#Banknifty directions and levels for November 12th.Bank Nifty Current View: It looks similar to the Nifty sentiment. If the market sustains the gap-up, it could reach a minimum of 52,093. This is a major resistance. After that pullback, if it rejects there, then it will close where it started the session. However, if it sustains or breaks this level, then the pullback will continue toward the level of 52,237 to 52,357. This is our first variation. Alternate View: The alternate view suggests that if the market declines and breaks the level of 51,736, then it could reach a minimum of 51,483 to 51,395.
NSE:BANKNIFTY
by Manickamtraders
#NIFTY - 12 TH NOVEMBER NSE:NIFTY #NIFTYBANK ⚡ Observe, understand, then implement 👍🏻 Chart contains support and resistance levels (understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. P.S note : im not SEBI REGISTRAR 🙏🏻 Any doubt 👉🏻 @thetradeforecast
NSE:NIFTY
by thetradeforecast
1
POKARNA going through a tight consolidation upside move possiblePOKARNA stock is going through tight consolidation in a bullish pattern on daily charts promoter's holding is stable FII's increased there position in this stock in September month quater result expected good 1000 is a strong support am expecting a good upmove from this levels entering in this stock with strict SL of close below 20 MA **Disclaimer:** This information is for educational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Always do your own research and consult with a financial advisor before making investment decisions.
NSE:POKARNALong
by rajatbhawra
#BANKNIFTY - 11 NOVEMBER !!NSE:BANKNIFTY #NIFTYBANK ⚡ Observe, understand, then implement 👍🏻 Strategy name : Higher Highs and Higher Lows This strategy is commonly used in trending markets to identify potential buy opportunities during an uptrend. Key Components of the Strategy: 1. Higher Highs and Higher Lows: In an uptrend, price action creates successive peaks (higher highs) and troughs (higher lows). These are signals of bullish momentum, where buyers are consistently pushing prices higher. 2. Trend Channel: The image shows a channel formed by connecting the higher lows with a trendline (lower boundary) and higher highs with another trendline (upper boundary). This channel helps traders identify the price range within which the trend is moving. 3. Entry Points: - The strategy suggests buying near the trendline at each higher low, which represents a potential support area within the trend. In the image, these points are marked as "BUY" or "ENTRY." - Buying near these higher lows increases the chance of entering trades at favorable prices during pullbacks in the uptrend. 4. Profit Targets: - Profit targets are set near the upper trendline or at subsequent higher highs. In the image, these points are marked as "PROFITS" with checkmarks. - This method helps traders secure profits as the price reaches the higher end of the channel. Managing the Trade: - After the first entry and a successful profit, traders can re-enter the market on the next pullback to a higher low. - Stop losses are typically placed below the previous higher low to manage risk in case the trend reverses. Summary: This strategy aims to capture gains in a trending market by entering trades at higher lows and exiting near higher highs within a channel. It works well in a stable, consistent uptrend but requires careful monitoring of trend changes to avoid potential losses if the trend breaks down. Ps note : I'm not SEBI Registere 🙏🏻 Any queries @thetradeforecast 🇮🇳
NSE:BANKNIFTYLong
by thetradeforecast
1
Nifty Trading Outlook for 11th November 2024Nifty Trading Signal: Buy above 24,220 Target: 24,300 Sell below 24,100 Targets: 24,050, 24,890 Disclaimer: I am not SEBI Registered. This trading analysis is for informational purposes only and is not intended as financial advice. Trading in the financial markets involves substantial risk and may result in significant losses. Please conduct your own research or consult a licensed financial advisor before making any trading decisions.
NSE:NIFTY
by ramkkyy
#BANKNIFTY - 8TH NOVEMBER!!NSE:BANKNIFTY #NIFTYBANK ⚡ Observe, understand, then implement 👍🏻 Chart contains support and resistance levels (understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. P.S note : im not SEBI REGISTRAR 🙏🏻 Any doubt 👉🏻 @thetradeforecas@thetradeforecastY #NIFTYBANK ⚡ Observe, understand, then implement 👍🏻 Chart contains support and resistance levels (understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. P.S note : im not SEBI REGISTRAR 🙏🏻 Any doubt 👉🏻 @thetradeforecast
NSE:BANKNIFTYShort
by thetradeforecast
1
Medium term trading opportunity in KIMS for >20% upsideHi, NSE:KIMS 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:KIMSLong
by raigvivek
1