Please refer my earlier post of previous trade setup to know about parallel channel support which BANK NIFTY is having. I am putting it in link section at bottom of this post. Resistance line will only work as support once it breaks it & then it test it for support. Trade Setup for Date 07-10-2021: 1) Don't Jump in to trade at the beginning of the market....
IOC is a buy around 101 with Stoploss of 98 with a 15-20% upside in next two months. Target is around 118 - 120
Understanding trend through support and resistances.
NIFTY Intraday Trade Setup For 07 Oct 2021 Buy- No Buy Level.(Based On Live Data) Sell-17600 Sl-17630 Target-17570 17540 17490
CMP: 112 Stock has support near 102 to 106. It is trying to hold that support. We can see a new all time in a few days.
Understanding trades of bank nifty future for 07.10.2021.
Understanding trends through support and resistances.
Understanding trades of banknifty future for 06.10.2021.
NIFTY will open gap down today. Important levels for NIFTY in today's session is 17580 and 17650. If nifty starts trading below 17580 level then expected further downside of 100-150+ points. Upside movement possible if nifty started trading above 17650 level after opening.
understanding trends through support and resistances.
CMP: 820 Short term trading opportunity. Stock is in consolidation. Expected to give a breakout very soon. Support: 750-760
NSE:BANKNIFTY Trade Setup for Date 05-10-2021: 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...
NIFTY Intraday Trade Setup For 05 Oct 2021 Buy-Above 17720 Sl-17690 T-17750 17780 18030 Sell-Below 17645 Sl-17675 T-17610 17560 147500
Understanding trends through support and resistances.
TRADING WATCHLIST FOR W/B 4-10-21 INTENT I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan. ON MY WATCHLIST FOR W/B...
NSE:BANKNIFTY Observations: 1) On 1hr time frame, if you can remeber from my past BANKNIFTY TRADE setup that we have a parallel channel support for BANKNIFTY. On Friday,01-10-2021, it took support from the upper trendline of that parallel channel. I am also putting that previous idea in which I talk about that parallel channel. Please refer it in link...
Understanding trades of bank nifty future for 04.10.2021 (Monday).
A comparative study of Nifty Bank along with its top 5 constituents revealing possible futuristic participation of all major participants, role change, weight change, possible growth scenarios and much more intriguing trend compositions Constituents included in the study 1. Nifty Bank 2. SBIN 3. ICICI BANK 4. AXIS BANK 5. HDFC BANK 6. KOTAK BANK EVERY CHART...