BANKNIFTY: Second Cup CompleteBANKNIFTY has completed a second 2 month long cup and is poised for higher breakout if it crosses the cup effectively. RSI high, volumes high.
Niftybank
BankniftyNSE:BANKNIFTY Here, is the chart, Trade the levels accordingly...
and Yes, Trade only after closing of the candle either side
Bank Nifty future chart analysis for 15.09.2023As you can see a short squeeze is there and price is standing just above
standard deviation one which is a strong support , its lookslike that it is
ready boost upside.
if it crosses above 46231 then it may easily reach to the level of 46583 and above.
Downside it may face strong support at 45970, if it takes support at 45970 then you can
see another sideways.. crossing below 45970 will not make price weak,it may take
another support at 45870, below 45870 price may get very weak and may reach 45614 easily.
BANKNIFTY Intraday Trade Setup For 15 Sep 2023BANKNIFTY Intraday Trade Setup For 15 Sep 2023
Bullish-Above 46160
Invalid-Below 46050
T- 46450 46750
Bearish-Below 45800
Invalid-Above 45910
T- 45530 45290
BANKNIFTY has closed with a slight gain of 0.2% today. It opened with a slight gap up and buy triggered as per trade setup above 46000 which hit sl after giving small momentum. Later 10 o'clock range broke downside below 45912 and gave around 100 points. Yesterday 45800 was projected a pullback support before the buy level. 45800 acted as a iron support for the rest of the day. Tomorrow there can be good sell off on break of 45800. Above 46160 if sustained we can create a fresh ATH.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 46160 then we will long to the target of 46450 and 46750.
For selling we need a 15 Min candle close below 45800. T- 45530 and 45290.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
BANKNIFTY Intraday Trade Setup For 14 Sep 2023BANKNIFTY Intraday Trade Setup For 14 Sep 2023
Bullish-Above 46000
Invalid-Below 45890
T- 46250 46515
Bearish-Below 45610
Invalid- Above 45720
T- 45295 45050
BANKNIFTY has closed on a bullish note with 0.87% gain today. Buy triggered as per trade setup above 45630 and 1st target was achieved very smoothly (45630-45990). Initially sell level was tested but not sustained. On Apr 8 daily range was broken in the upside above 45k and was updated that we will have a direction move and is approaching its ATH. Now TSL swing position is today's low- 45290.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 46000 then we will long for the target of 46250 and 46515.
For selling we need a 15 min candle close below 45610. T- 45300 and 45050.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
Bank Nifty future chart analysis for 13.09.2023As you can see here that price is resting in between median
line and standard deviation one , most of the time price goes
sideways in this situation , but here scenario a different
you can see a short squeeze in the bands,
so there is a high chance that it will burst tomorrow for good moves.
BANKNIFTY Intraday Trade Setup For 13 Sep 2023BANKNIFTY Intraday Trade Setup For 13 Sep 2023
Bullish-Above 45630
Invalid-Below 45520
T- 45915 46150
Bearish-Below 45320
Invalid-Above 45430
T- 45050 44770
BANKNIFTY has closed with a slight cut of 0.13% today. It was a roller coaster ride since opening, huge volatility. It opened directly near our 1st buy target via a big gap up. 10 o'clock range was to be used as per trade setup. Range broke downside below 45400 and last swing high was 45455. Small sl was hit today. Tomorrow best trade will be on flat opening. In case of a big gap down near 45100 it can give a sharp bounce. In case of a gap up it can find resistance near 45700.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 45630 then we will long for the target of 45915 and 46150.
For selling we need a 15 Min candle close below 45320. T- 45050 and 44770.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
BANKNIFTY Intraday Trade Setup For 12 Sep 2023BANKNIFTY Intraday Trade Setup For 12 Sep 2023
Bullish-Above 45640
Invalid-Below 45530
T- 45900 46150
Bearish- Below 45360
Invalid-Above 45470
T- 45050 44770
BANKNIFTY has closed on a bullish note with almost 1% gain today. Buy triggered as per trade setup above 45390 and 1st target was achieved (45390-45560). However the momentum was a bit lethargic. Daily range broke upside last week above 45k is also approaching towards its ATH most probably. Only thing is that it is lacking momentum however that's a trait of bull. Tomorrow also we can expect bullish momentum above today's high, idle trade will be post a pullback. Buying from support should also be approached in intraday.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 45640 then we will long for the target of 45900 and 46150.
For selling we need a 15 Min candle close below 45360. T- 45050 and 44770.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
Bank Nifty future chart analysis for 11.09.2023As you can see here price first took resistance at standard deviation two
now taking resistance at standard deviation one , if price goes above
45486, you may go long but keep in mind that it may retrace anytime
till it do not crosses above 45595, above 45595 it is free to go full target.
if price goes below 45178 then it may face two strong support in between 44975, below 44957
price may become much weaker and may reach much downside than target.
BANKNIFTY Intraday Trade Setup For 11 Sep 2023BANKNIFTY Intraday Trade Setup For 11 Sep 2023
Bullish-Above 45390
Invalid-Below 45280
T- 45645 45900
Bearish-Below 45030
Invalid-Above 45140
T- 44770 44497
BANKNIFTY has closed on a bullish note last week and day with 1.62% and 0.62% gain respectively. It gave a breakout of the daily range (45k and 44k) in the upper side. We can expect continuation above 45400 now and next stop looks near 45600-50 zone which is a gap area. Weekly support is too far now which is 43600, gateway for downside. 45390 and 45030 are two important levels for next session.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 45390 then we will long for the target of 45645 and 45900.
For selling we need a 15 Min candle close below 45030. T- 44770 and 44497.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
Simple Trade Setup | Banknifty | 11-09-2023 [intraday]NSE:BANKNIFTY
Trade Setup for 11-09-2023
Most of all the levels and zones remains same as per previous.
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.
BANKNIFTY Intraday Trade Setup For 08 Sep 2023BANKNIFTY Intraday Trade Setup For 08 Sep 2023
Bullish-Above 44920
Invalid-Below 44810
T- 45130 45365
Bearish-Below 44670
Invalid-Above 44780
T- 44440 44200
BANKNIFTY has closed on a bullish note with 1.06% gain today. Tomorrow's daily closing is very important above 44950/44000 for a range shift for 1000 points rally in the coming days. Today buy triggered as per trade setup above 44670 and hit 1st target very smoothly (44670-44915). Bullish move likely to continue above today's high on flat opening. Intraday sentiment will change to bearish below 44670. Be very strict in trailing tomorrow for both side trades.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 44920 then we will long for the target of 45130 and 45365.
For selling we need a 15 Min candle close below 44670. T- 44440 and 44200.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
BANKNIFTY Intraday Trade Setup For 07 Sep 2023BANKNIFTY Intraday Trade Setup For 07 Sep 2023
Bullish-Above 44670
Invalid-Below 44560
T- 44950 44275
Bearish-Below 44200
Invalid-Above 44310
T- 43965 43725
BANKNIFTY has closed with a slight cut of 0.28% today. It opened flat and sell triggered as per trade setup below 44400 and gave a decent move of 180 points till 44210. Once again a pinbar candle in daily TF but of no use inside the daily range. Daily range is still intact- 44k and 45k. Tomorrow above today's high if sustained in 15 Min TF then there can be a bullish momentum. However we will buy above 44670. It will bearish below 44200.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 44670 then we will long for the target of 44950 and above 44k 44275-95.
For selling we need a 15 Min candle close below 44200. T- 43965 and 43725.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
BANKNIFTY Intraday Trade Setup For 06 Sep 2023BANKNIFTY Intraday Trade Setup For 06 Sep 2023
Bullish-Above 44670
Invalid-Below 44560
T- 44950 44250-300
Bearish-Below 44400
Invalid-Above 44510
T- 44100 43800
BANKNIFTY has closed almost on a flat note day. Nothing triggered as per trade setup today. It just traded between yesterday's buy/resistance and sell sell/support levels. Two consecutive Pin bar candles in daily charts, Above and below its higher and lower range there will be a good directional move. Daily range is intact which is 44950/45k and 44k. Tomorrow above 44670 it can give a good momentum, 44950 will the 1st stop. Above 44k if sustained there can be a short covering. 44400 is the downside gateway.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44670 then we will long for the target of 44950 and 44275-300.
For selling we need a 15 Min candle close below 44400. T- 44100 and 43800.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
Bank Nifty future chart analysis for 05.09.2023As you can see here price is resting over atandard deviation one,which
means it has a support just below it as median line and resistance above
it as standard devition two.if it takes resistance around 44925, you
can witness sideways and if it takes support at 44623 you can witness sideways.
if it crosses above 44925 , it can again face strong resistance at 45014 (Red line), crossing
above red line price may further move upside strongly and may reach to the level of 45322.
if price goes below 44623 then it can face strong support at 44529 (*Purple Line), crossing
below purple line price may be very weak and reach to the level of 44288.
Simple Trade Setup | BANKNIFTY | 05-09-2023 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 05-09-2023
Most of all the levels and zones remains same as per previous.
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.
BANKNIFTY Intraday Trade Setup For 5 Sep 2023BANKNIFTY Intraday Trade Setup For 5 Sep 2023
Bullish-Above 44660
Invalid-Below 44550
T- 44950 45215
Bearish-Below 44400
Invalid-Above 44510
T- 44100 43800
BANKNIFTY has closed on a bullish note with 0.32% gain. Today it opened with a big gap up so 10 o'clock range was to be used. 10 o'clock range broke downside below 44399 and and last swing high was 44460. It gave 80 points which was more than 1:1. Later buy triggered as per trade setup above 44570 which ended at cost. On a flat opening above 44670 bullish momentum likely to continue. 44935-50 will be an intraday resistance above which it will test 45215.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44660 then we will long for the target of 44935-50 and 45215.
For selling we need a 15 Min candle close below 44400. T- 44100 and 43800.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
BankNifty future chart analysis for 04.09.2023As you can see that banknifty future is in burst situation and price taking resistance
near standard deviation two (2), if price again rejects from this level then you can see
a little profit booking, not much after that you can see a sideways.
But if price croosses over 44777 then burst will continue in a strong manner and price may
easily reach to the level of 45213. (Accept Gap up)
If price goes below 44481 then it will certainly reach to the level of 44286, 44286 is a strong support
you see a good upmove till 44573 from here , crossing below 44286 will make price weaker
and it may travel much lower side.
BANKNIFTY Intraday Trade Setup For 04 Sep 2023BANKNIFTY Intraday Trade Setup For 04 Sep 2023
Bullish-Above 44570
Invalid-Below 44460
T- 44917 45250
Bearish-Below 44220
Invalid-Above 44330
T- 43895 43600
BANKNIFTY has with 0.46% gain last week. It closed almost on neutral note as it is at midpoint from the breakout levels. 44950/45k and 43600 is the weekly range. Breakout of this will lead to a big or at least decent directional move. Aug month candle closed and its on bear grip. Only below 43600 this grip will be confirmed or else it will be sideways. Weekly range is very important to look for a direction. 44917 and 43895 are important resistance and support zones for Monday.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44570 then we will long for the target of 44917 and 45250.
For selling we need a 15 min candle close below 44220. T- 43895 and 43600.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
BANKNIFTY Intraday Trade Setup For 1 Sep 2023BANKNIFTY Intraday Trade Setup For 1 Sep 2023
Bullish-Above 44110
Invalid-Below 44000
T- 44357 44583
Bearish-Below 43890
Invalid-Above 44000
T- 43600 43239
BANKNIFTY has closed on a bearish note with 0.55% cut today. Yesterday I indicated a pullback scenario to short again from higher levels. This was simple market structure thing as yesterday's impulse needed a pullback. Today without a pullback it dipped and sell triggered which hit sl later sell triggered below 44140 again and hit our 1st target (43900) very smoothly. Tomorrow 44110 and 43890 are important levels for intraday.
Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 44110 then we will long for the target of 44357 and 44583.
For selling we need a 15 Min candle close below 43890. T- 43600 and 43239.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
Banknifty Best Intraday Trade By Big Bullhello guys welcome to Ramajitrade 🙏😊
Today Target is 44,500.00 we achive this target 100%.
Also i see fake breakout in sensex also retest in banknifty last day.
and please Trail your stop loss and try to hold.
#i m data trader my 90% Trade base on data treading i hope you like all my trade.
We Not Suggest you To Buy any Stock We just share our Ideas with you.
Bank Nifty future chart analysis for 30.08.2023If price goes above 44636, then it may easily reach to the level of 44779, if price takes resistance at
44779 then price may go sideways , crossing above 44779, price may be much stronger and may reach
44931 and above .
If price goes below 44387 then you can see a burst and extreme weeaknes in price and
price may go down to the l;evel 44101, special level is -44445 , if price opens near previous closing
and goes below 44445, then you can go short.
BANKNIFTY Intraday Trade Setup For 30 Aug 2023BANKNIFTY Intraday Trade Setup For 30 Aug 2023
Bullish-Above 44600
Invalid-Below 44490
T- 44840 45045
Bearish-Below 44420
Invalid- Above 44530
T- 44194 43915
BANKNIFTY has closed on an absolute flat note today. It was sideways the day. Nothing triggered as per trade setup today. Tomorrow if it sustains above today's high then there can be a good up move. However we will plan an aggressive entry above 44600 itself. Below 44220, if sustained then there can be good fall also. Hourly range is intact - 45000 and 44000. Till the time it is inside the range it is going to be sideways.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44600 then we will long for the target of 44840 and 45045.
For selling we need a 15 Min candle close below 44420. T- 44194 and 43915.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
