The Channel has been broken, now we just need to wait for Monday to get a confirmation.
Banknifty 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,...
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...
Note: This is for educational purpose only. Bank Nifty unable to break resistance (23100 - 23150) thrice. Moreover, there is a bearish ascending triangle breakout on daily chart. Same is reflected on RSI trend line as well. RSI below 50 indicates loss of bullish momentum.
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...
I hope you can now see how 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 favor. 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...
Entered Bank NIFTY longs at previous demand area 22700. Looking for a target of 23300 and 23600 area for July 30 expiry.
BankNifty is supported at lower channel. RSI is also supporting around 48-49. However Nifty is still stucked in box. If BankNifty breaks channel support the next immediate support around 21600±(30). Let's see where it goes up or down. Disclaimer:- your capital at risk. Consult with your financial advisor before do any action and trade with own analysis research.
I 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.
Support 22838 Resistance 23225 Yesterday's Call to buy 23000 CE @ 104, booked profit at last hour at 150. Today's call to buy 23500 CE July 30 Expiry at 202 for target 300/350, SL 130 . Closed at 267.3. To get calls and updates, please message in Private Chat. Anyone whom i have forgot to add can please message in private chat.
My view is negative on bank nifty DISCLAIMER { Educational Purpose } All investments involve risk. Please Do your analysis before initiating any trade GOOD LUCK !
--- Demand zones on the down side @ 21480-21750 and @ 20700-20950. --- Supply zones on the up side @ 22170-22370 and @ 22900-23000. --- Bank Nifty short term trend is positive. I will think for a positional short trade in Bank Nifty if daily close below 21480 level for the target of 20700-20950 --- I may take a aggressive long position once Bank Nifty...
Today possible flat opening in Banknifty near the last closing. Banknifty will trade between 21500- 21450 range. If bank nifty trading above 22100 we can initiate long for 22450+ target.
Banknifty likely to move higher and looks bullish
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,...
Possible in first half banknifty trade in sideways zone from 21750-22050. If banknifty break the 21750 levels then we will see 21550 immediate strong support if this also break then we will see 21250 to 21050 levels. We can initiate any option call either breakdown of 21750 or breakout above 22050.
Banknifty Can go intraday log RSI below 30 can see reversal from here
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...