Black Friday saleUp to 70% OFF

Budget2022

State Bank of india before budget daysbin currently trading between 518 to 538 price range i am assuming it is creating inverted head and shoulder, with such bullish market structure it can give nice breakout and if it sustain above 540 it can go upto 565 -568 indicators MFI ;looks normal and strong TSI : equally good no weakness ema : price trading above 50 ema indicating bullish sign NOTE; volatility is expected and will be higher because of event day PSU banks have posted good results than PVT banks as SBIN been the largecap and leader of Psu scetor it will be getting some sort of event effect, with govt planning on divestments most of the money flow are expected to diverted to SBIN TRADE ONLY IF YOU SAME CONFLUENCE OR CAN RELATE YOUR IDEAS WITH ME thanks, happy trading !!!
NSE:SBINLong
by Jimmy_Rebello
6
BANK NIFTY@01/02/2022-LEVELSHello Traders, Due to Budget session-2022, I have given more levels. BANK NIFTY@01/02/2022 --------------------------------- If Market Opens as a- GAP-UP : Support of PDH (BUY) – Rejection of R@1 (SELL) FLAT : Support of IMP (BUY) – Rejection of Support (SELL) GAP-DOWN : Support of Support (BUY) – Rejection of PDL (SELL) ------------------------------------- Happy Learning and Trading. Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not Buy and Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM ------------------------------- PDH-> Previous Day High PDL-> Previous Day Low IMP -> Important R@1, R@2,R@3... ->Resistance-Zones S@1, S@2,S@3... ->Support-Zones S-H -> Swing-High S-L -> Swing-Low D-T -> Double Top D-B -> Double Bottom T-T -> Triple Top T-B -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open
NSE:BANKNIFTY
by SriTrader5121
Simple Trade Setup | NIFTY | 01-02-2022 [INTRADAY]NSE:NIFTY Observations: 1) On 1 day time frame, it closed just below 100EMA. Which is placed at 17346.7 And during all the day it was taking resistance from 17400-17410 level range. Range of 17400-410 is now immediate major resistance. 17320 is immediate support. And immdiate support after that is at 17280. And major support range is at 17250-17265. Breakdown of this range 17250-17265 can lead it to give down fall. And we migh see nifty testing 17140-17125 levels. Please refer below chart : 1day Time Frame. 2) ALso on 1 day time frame we can see that it took resistance from the upper trendline of the channel. and managed to close with green candle. Please refer below chart : 1day Time Frame. 3) Just keep this channel for your reference on 15min time frame, it can work as support or resistance at this moment. Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for 01-02-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:NIFTY
by Trading_hawk
#banknifty #budget2022 special analysis:-#banknifty #budget2022 special analysis:- People were eagerly waiting for this budget day analysis and here you go:- 1. There is no weakness in the BN on the chart, price is above (5/10/20/200 DMA placed at 37,660/37,819/37,837/36,133) 2. There is a correction ( time correction) that is happening for the last few weeks, before the next upmove. 3. Friday high & low are important ( 38,421 & 37,581) 4. Laxman Rekha is placed at 37,602 - 37,714:- above positive & below negative 5. If we assume there is an impulse wave running, then the upside targets are 38,533 / 39,121 / 39,483 and above. 6. The important reaction points are marked in the chart as zone areas, where price trend to react fast leaving those areas. You need to believe what you see on the chart and ignore the rest. Wish you all the very best for the budget day trading. Regards, SG
NSE:BANKNIFTYLong
by subhagghosh
2
NIFTY Intraday Trade Setup For 01 Feb 2022 (Budget 2022)NIFTY Intraday Trade Setup For 01 Feb 2022 Buy-Above 17410 Sl-17375 T-17600 17800 18000 Sell-Below 17260 Sl-17300 T-17100 16800 NIFTY has just consolidated in today's trading session. After opening with a big gap up, NIFTY made a range 140 points. This range is very important for tomorrow's budget session. Before any big moment consolidation is good. We will simply trade on the range breakout. If we get closing above 17410 and high crossing then will initiate our long position. Targets will be 17770 to 17800. But after 17800 is tested if index moves again above 17800 then 18000 will be tested. Below 17260 we will sell for the target of 17100 and 17000. Index can move either side so do not trade with biasness. However aggressive traders can sell below 17300. Also we will get a range till 12 o'clock in intraday. That range shift trade will also be trending. Market is likely to give big directional move after 12 o'clock. Before that it will be volatile and sentimental move will be there. Let Market decide where it is going to go. We have our key levels to go with.
NSE:NIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 01 Feb 2022 (Budget 2022)BANKNIFTY Intraday Trade Setup For 01 Feb 2022 Buy-Above 38200 Sl-38100 T-38500 38800 39000+ Sell-Below 37800 Sl-37900 T-37600 37400 37000 BANKNIFTY has formed a complete inside candle in daily TF. Inside candle is created before a big move. The market is ready to move either side. The high and low of the mother candle will decide the move and direction. 38430 in the higher side and 37580 in the lower side. Directional move will come on breakout or breakdown of this range. Also safe trades can trade after 12 o' clock after a range is formed in intraday. This can be a trendy move. As of now market seems a bit bullish above 38000. Also keep an eye on trendline support. Below 37500 index is negative and index can touch 3700 36600 even below. Actual move will come above 38500 and below 37500. This is the range for budget day. Also keep a check on position size as volatility will be at its peak. Swings will be bigger. Moves will be mostly sentimental and less technical.
NSE:BANKNIFTY
by Omahto
RELIANCE TOOK SUPPORT AND REVERSED - SWING TRADE OPPORTUNITYNSE:RELIANCE Has took support at 7 months old trendline, It can boost from hare for its previous high of 2560 as marked in the chart with red dotted line. You can add this to your portfolio for Swing trade For period of almost 2-3 months. If Budget 2022 will give positive view it can complete the target within a month or two Risk Reward ratio is also impressive. I have already made my position in it. BUY - 2390 SL - 2305 , 2240 TARGET - 2560 & 2750 LIKE | SHARE | COMMENT
NSE:RELIANCELong
by akshaybatra020
Nifty 50 trend analysis.As we can see on chart, bull flag is retesting, We can only make long positions above 17,300 level Also we can pyramid longs above 17,500 level If we discuss about monthly contract of "Nifty 50" It shows strong put writers active on 17,000 level That indicates strong support zone. And, fresh longs created on 17,500 level It shows bullishness But, below 17,000-16800 levels, There is bearishness. Note: Analysis for educational purpose only Kindly consult your financial advisor before investing. Thank you
NSE:NIFTYLong
by Pranav999
2