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Bankniftytrend

BANKNIFTY: INSTITUTIONAL LEVELS FOR 04/12/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:BANKNIFTY
by tony_fx_sm
Nifty 50: Inverted Head & Shoulders Breakout! Targeting 25,381The NSE:NIFTY index has delivered a decisive breakout above the Inverted Head & Shoulders neckline at 24,340, signaling strong bullish momentum on the daily chart. This pattern, often viewed as a reliable reversal indicator, points towards a potential target of 25,381. Pattern Breakdown: Left Shoulder: Formed around 4th Nov'24. Head: The lowest point near 23263. Right Shoulder: Higher lows confirm strengthening bullish sentiment. Neckline: The breakout at 24,340, now a crucial support level. Key Levels to Watch: Resistance Levels: 24,527 24,690 24,873 25,053 25,312 Support Zone: 24,340 (previous neckline). Target Calculation: Using the height of the pattern (distance between the neckline and the head), the breakout projects an upside target of 25,381. Cautionary Note: While the breakout is promising, traders should monitor global market cues and economic developments that could impact the index's trajectory. Maintain strict risk management. ⚠️ Disclaimer: This post is for educational purposes only. Trade responsibly and manage risk wisely.
NSE:NIFTYLong
by raigvivek
BankNifty: Inverted Head & Shoulders Breakout! Targeting 55,000The NSE:BANKNIFTY index is showing a classic Inverted Head & Shoulders pattern on the daily chart, a bullish reversal structure indicating potential upside momentum. The neckline has been decisively broken with strong volumes, validating the breakout. Pattern Breakdown: Left Shoulder: Developed between 26th october to 6th Nov'24 . Head: Marked the lowest point near 49797. Right Shoulder: Recently formed at higher lows, confirming bullish sentiment. Neckline: Positioned around 52550, which now acts as a support zone. Target Calculation: Using the pattern height (distance from the neckline to the head), the projected upside target for BankNifty is approximately 55,000. Key Levels to Watch: Support: The neckline at 52550 should act as immediate support. Resistance: Minor resistance can be seen at intermediate levels such as 53460 & 54460. Caution: While the breakout is promising, traders should monitor global cues, interest rates, and sectoral performance, which might impact the BankNifty index. Risk management is essential. This analysis is for educational purposes. Always consult your financial advisor before making trading decisions.
NSE:BANKNIFTYLong
by raigvivek
#banknifty breakout!! - 4th December NSE:BANKNIFTY NSE:BANKNIFTY1! This chart represents the Bank Nifty index on an hourly timeframe. It provides a technical analysis of price movements with a focus on key levels and trends. 1. Key Levels: The chart highlights resistance levels such as 52,811.25 and 53,117.75, where the price may face selling pressure. • Support levels like 52,308.55 and 52,109.00 indicate areas where buying interest could emerge, helping to prevent the price from falling further. 2. Trendlines: • Two trendlines are plotted. One shows an upward trend (a support line) that connects lower price points, while the other represents a resistance trendline that connects the highs of the price movement. 3. Price Breakout : The note on the chart highlights that Bank Nifty has closed above 52,575.75 on the daily timeframe, marking a potential breakout. This suggests bullish momentum and possibly further upward movement. 4. Possible Scenarios: The chart suggests that Bank Nifty could continue to rise, testing resistance at higher levels. Alternatively, it might pull back to retest support before moving higher again. This analysis shows a positive outlook for Bank Nifty, with the breakout above key resistance indicating potential upward movement. Traders should watch for confirmation of further price action and consider the support and resistance zones. Note: not SEBI Registere.
NSE:BANKNIFTY
by thetradeforecast
1
BANKNIFTY: INSTITUTIONAL LEVELS FOR 03/12/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:BANKNIFTY
by tony_fx_sm
1
BankNifty Intraday Support & Resistance Levels for 03.12.2024On Monday, BankNifty opened flat, dipped to a low of 51693.95 (breaking below the key 51750 support), and rallied to a day high of 52197.25. It closed at 52109, gaining 53 points over the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) continue to remain sideways, reflecting range-bound momentum. Demand/Support Zones Near Demand/Support Zone (30m): 51040.05 - 51271.50 Far Small Demand/Support Zone (15m): 50609.75 - 50824.55 Far Support: 49282.65 (61.8% FIBO Level) Far Demand/Support Zone (Daily): 44633.85 - 45750.40 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 52675.65 - 52760.20 Far Supply/Resistance Zone (Daily): 52817.80 - 53235.25 Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35
NSE:BANKNIFTY
by PriteshPalan
#banknifty - 3rd December!!NSE:BANKNIFTY This chart shows an analysis of the Nifty Bank Index on a I-hour time frame, highlighting potential market moves: Resistance Levels: • Key resistance zones are marked at 52,411, 52,671, and 52,904. These are areas where the price may struggle to move higher as sellers could step in. 2. Support Levels: The chart shows strong support at 51,999, 51,808, 51,584, and 51,400. These are zones where buyers may prevent the price from falling further. 3. Descending Trendline: A downward-sloping line shows that the price has been in a short- term downtrend. A breakout above this line could indicate a reversal to the upside. 4. Projected Moves: Bullish Scenario: If the price breaks above the resistance at 52,234 and the descending trendline, it could move toward the next resistance levels (52,411 and above). • Bearish Scenario: If the price fails to break resistance and moves below 51,999, it may head toward lower support levels (51,808 and beyond). Simplified Explanation: The market is currently stuck between resistance and support levels. Traders are waiting for a breakout (upward move) or a breakdown (downward move). If it breaks resistance, it might go higher; if it drops below support, it might fall further. Note SEBI Registere.
NSE:BANKNIFTY
by thetradeforecast
1
BANKNIFTY: INSTITUTIONAL LEVELS FOR 02/12/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:BANKNIFTY
by tony_fx_sm
BankNifty Intraday Support & Resistance Levels for 02.12.2024On Friday, BankNifty opened on a positive note, making a high of 52170.90 and a low of 51759.45, closing strong at 52055.60, up 148 points from the previous close. The Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, indicating a lack of clear directional momentum. For the past five days, BankNifty has held support at 51750. A break below this level could trigger selling pressure, potentially driving it to 51270 or lower. Demand/Support Zones Near Demand/Support Zone (30m): 51040.05 - 51271.50 Far Small Demand/Support Zone (15m): 50609.75 - 50824.55 Far Support: 49282.65 (61.8% FIBO Level) Far Demand/Support Zone (Daily): 44633.85 - 45750.40 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 52675.65 - 52760.20 Far Supply/Resistance Zone (Daily): 52817.80 - 53235.25 Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 Key Levels to Watch Upside Breakout: Above 53235, expect a test of 53741 or higher. Downside Support: A break below 51750 could lead to 51270 or lower.
NSE:BANKNIFTY
by PriteshPalan
Will Nifty Test 24350 or Pull Back Once More?Nifty has created inverted Head and Shoulder Pattern on 2 hours chart. Breakout is still pending, breakout is above 24350 level, target for the same is 25400 level another 1300 points journey. Nifty this weeks Support : 24080 - 23950 - 23800 Resistance : 24350 - 24550 Bank Nifty is creating a flag pattern and also has a big gap between 51200-51700 level. It can move either side. Flag breakout is above 52600 for a target of 55500. Bank Nifty Support : 51700-51400-51200 Resistance : 52150-52350-52600.
NSE:BANKNIFTYLong
by Nimble_Pesos
BANKNIFTY: INSTITUTIONAL LEVELS FOR 29/11/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:BANKNIFTY
by tony_fx_sm
BANKNIFTY: INSTITUTIONAL LEVELS FOR 28/11/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:BANKNIFTY
by tony_fx_sm
BankNifty Intraday Support & Resistance Levels for 28.11.2024On Wednesday, BankNifty started on a weak note but quickly recovered. It made a low of 52019.65 before rallying to a high of 52444.35. It closed at 52301.80, gaining 110 points from the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, reflecting a range-bound market. The index is currently trading within a critical supply zone, which may determine its next move. Demand/Support Zones Near Demand/Support Zone (30m): 51040.05 - 51271.50 Far Small Demand/Support Zone (15m): 50609.75 - 50824.55 Far Support: 49282.65 (61.8% FIBO Level) Far Demand/Support Zone (Daily): 44633.85 - 45750.40 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 51294.20 - 52493.95 (current price inside this zone) Far Supply/Resistance Zone (Daily): 52817.80 - 53235.25 Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35
NSE:BANKNIFTY
by PriteshPalan
BEARISH FLAG IN BANK NIFTY - TIME FOR A SHORT TRADE ?Symbol - BANKNIFTY CMP 51350 BankNifty has turned its trend from bullish to bearish & sideways making lows - lows on daily time frame & It was trading in a bearish channel. We can see a Bearish Flag pattern getting formed in BankNifty. Such patterns on larger time frame don't usually fail. BankNifty is currently trading near break down trendline of this pattern. Breakdown & sustaining below this trendline zone 51150 - 51000 will get this pattern activated & we can see big target towards downside. Target on downside can be 47400 P.S. : My short position is already active from 51800 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
3
BankNifty Intraday Support & Resistance Levels for 27.11.2024On Tuesday, BankNifty opened with a gap-up at 52555.50, which was also the day's high, breaking above the supply zone. However, it couldn’t sustain the momentum and dropped to a low of 51999.75, closing at 52191.50, down by 16 points from the previous close. The Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways. The Demand & Supply Zones are unchanged from the prior analysis. Demand/Support Zones Near Demand/Support Zone (30m): 51040.05 - 51271.50 Far Small Demand/Support Zone (15m): 50609.75 - 50824.55 Far Support: 49282.65 (61.8% FIBO Level) Far Demand/Support Zone (Daily): 44633.85 - 45750.40 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 51294.20 - 52493.95 (current price within this zone) Far Supply/Resistance Zone (Daily): 52817.80 - 53235.25 Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35
NSE:BANKNIFTY
by PriteshPalan
#banknifty - 27th November!!NSE:BANKNIFTY Observe the chart, understand the chart, then implement the chart. 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 Intraday Support & Resistance Levels for 26.11.2024On Monday, BankNifty opened with a huge gap-up of 910 points, breaking the 75m Supply Zone and entering the Daily Supply Zone highlighted earlier. It made a low of 51774.05 and a high of 52331.10 before closing at 52207.50, gaining an impressive 1072 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) has shifted from Negative to Sideways, indicating potential for further movement with caution at higher levels. Demand/Support Zones Near Demand/Support Zone (30m): 51040.05 - 51271.50 Far Small Demand/Support Zone (15m): 50609.75 - 50824.55 Far Support (61.8% FIBO): 49282.65 Far Demand/Support Zone (Daily): 44633.85 - 45750.40 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 51294.20 - 52493.95 (current price within this zone) Far Supply/Resistance Zone (Daily): 52817.80 - 53235.25 Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35
NSE:BANKNIFTY
by PriteshPalan
NIFTY50 Correction Mode over? Next move: 25200/26000 or 22500??1. On a daily time frame, Nifty50 formed a Head and Shoulders(H&S) pattern which is a bearish reversal pattern suggesting a potential downward trend. NIFTY broke the neckline and completed the H&S downside fall. 2. Now NIFTY is at a 0.618(22,435) Fibonacci Retracement level and is currently being tested as support. Next Fibonacci level on the downside is is at 22557. 3. A long-term trend ascending trendline may also act a dynamic support below 0.618 level. Overall NIFTY has a strong support zone from 22200-400. 4. With RSI at over sold levels, NIFTY may not retest 0.5 Fibonacci level and a good bounce can be seen from 22300-450 levels. 5. On the upside, strong resistance can be seen at 24100-150 levels.
NSE:NIFTYLong
by Trade_Nova