Intraday
Banknifty in intraday Trade analysis 20-feb-2023 Price actionBanknifty - After many days, it broke the lower range after giving upper side breakout.
Flat opening - If it goes bore then let it go. Near 41200 300, if forms-ve candle & pullback, can go for sell.
Gap up - Multiple resistance, so will see price action if is min green candle, then no sell but if not wait for the price action.
Gap down - Next target will be 40600, so wait for any pullback and then sell again.
Will look-ve price action on every up move.
MGL : STOCK FOR INTRADAYHere comes another Stock for Day Trading for 17 Feb 2023. The Chart is breaking out Ascending Channel @ 920.85. In hourly Time frame, it is already showing price action at this level. Thus, signaling that we may have a new support @ 920.10. Thus, we may see a breakout with new targets as 975 and 1065. Entry Level is 933 not before that , with a small SL of 915.
Please Boost my study and motivate me, so that I can bring more ideas to you.
Cup☕ pattern in tcs (long trade activated) TCS is making a kind of cup pattern on daily time frame also we can see IT sector chart is looking bullish now a days and today retest is also done so as per my analysis I found good risk reward 1:3 in this trade.I'm bullish on this particular stock. What's your opinion please share.
Happy trading.
BANKNIFTY LEVELS 16/02/2023ANKNIFTY LEVELS WITH LOGIC :
1) Considering present levels if there's gap in price and gets reversal from 41915 level and forms rejection candle we can short sell our positions upto 41455 level.
2) Or if the candle closes above 41915 level we can take buy side positions.
3) Maintain proper sl according to your premiums.
Have a profitable day.
Banknifty - 7 day range breakoutSo finally bank nifty has come out from a tight range, and today it has been a sideways market.
So our analysis will be simple, tomorrow will be a trending market.
if it opens below the 41800 level i.e previous day's high(PDH) we will wait for the breakout and our target will be the 42000 level.
On the other hand, if it opens gap up, the first scenario will be it can take support from PDH and the second will continue towards the 42000 level.
Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
intradayif price is taking rejection from 780 level and making bearish view then you can short it.
if price is giving breakout with bullish candle then you can buy it .
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
intraday / RSI Bullish Divergenceboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
Nifty is bullishAs we know, the price does not move up or down like a rocket, it has to take a pullback or a pause.
So after a trending day most probably the market stays sideways.
As you can see today's market was in a trend and most probably tomorrow it will be a sideways market, and our analysis will be simple
if nifty opens above the previous day's high(PDH) market can get resistance from the 17970 level and will be in a range the whole day.
Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
Banknifty - finally price moves.Finally, bank nifty closes away from its 6-day closing price. So now what will be our analysis for tomorrow?
Today after falling in 1st half, bank nifty was in a tight range in 2nd half. If the bank breaks the 41400 level we can target the previous day's high(PDH) i.e. 41660 level, and if the breaks the previous day's low(PDL) 41170 level, our target will be 41000 level as it is a psychological level.
On the other hand, if it opens, above the 41400 level, PDH will act as resistance, and below the 41170 level, the market will most probably sideways.
Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
Nifty down - India vix high So from last week india vix was below 13, which means option prices were not moving due to the low of india vix.
So today nifty fall and after falling it was in a tight range of 70 points between 17800 and 17720 levels. We can expect a trending move as well as a range-bound market.
So if it opens in a 70 points range and breaks the 17800 level we can expect the previous day's high (PDH) target i.e. 17880 level and if breaks the level of 17720, our target will be 17655 level.
On the other hand, if nifty open below the previous day's low(PDL) or gap down most probably the market will be sideways and if it opens above the 17800 level , 17880(PDH) will act as resistance.
Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
bandhan bank chart analysisbandhan bank chart analysis for intraday and swing trading.
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BANKNIFTY LEVELS 13/02/2023BANKNIFTY LEVELS WITH LOGIC :
1) If banknifty opens below on recent low with 15 min candle we can expect downside movement upto 41300 level.
2) If price opens on a flat note and forms bullish candle we can expect upside movement upto 41790 level.
3) Maintain proper SL. Try to buy ITM options to avoid time decay.