CMP: 556
The stock is in consolidation.
It is regaining some strength.
Waiting for the box breakout.
Expectation: 604, 650
SL can be kept below the box.
Bank Nifty has been showing a volatile movement. The nearest support zone lies at 37000-37125. But if it doesn't rebound from here, we still have a support zone near 36200-36300.
@johntradingwick
-NSE Certified Technical Analyst
-NSE Certified Fundamental Analyst
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only....
as we can see in image todays market made a huge correction and went in bearish trend.
according to my analysis it will give breakout and may be it will go bullish upto the level of 17750.
if market goes down side then i suggest you to stay away from market it will go sideways..
so, if i am wrong in any point then please let me know....
Thanks in Advance.....
NSE:BANKNIFTY
Observations:
1) On 15 min time frame, there are two lines 1) resistance line and 2) Temporary support line.
If it open in between then breakout on either side will give move on that side but better to trade with levels only.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date...
NSE:BANKNIFTY
Trade Setup for Date 29-09-2021:
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 will open above 17900 level in today's session. After opening if it sustain above 17900 level then it will extend bullish move upto 17940. 17940 will act as an immediate resistance after opening. In case banknifty gives breakout of this resistance will result strong upside 100+ points movement in NIFTY. Any bearish movement only possible if nifty starts...
NSE:BANKNIFTY
Observations:
We can see that two trendlines, 1) Resitance Trendline & 2) Support Trendline.
Brekout of either side will give quick move on that side.
Please refer below chart.
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Trade Setup for Date 28-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for...
in the todays market we have seen a good correction making chart but somewhere i am not satisfied with this because i did not book any profits from nifty options as market is not in good condition. But i think tomorrow we will se a good trend in market because chart clearly showing us that todays market is closely similar to fridays market. may be its time for...
![BANKNIFTY: Simple Trade Setup | BANK NIFTY | 30-09-2021 [ INTRADAY]](https://s3.tradingview.com/f/F6fnYCAy_mid.png "Simple Trade Setup | BANK NIFTY | 30-09-2021 [ INTRADAY]")
![BANKNIFTY: Simple Trade Setup | BANKNIFTY | 29-09-2021 [INTRADAY]](https://s3.tradingview.com/z/z5gCR5f6_mid.png "Simple Trade Setup | BANKNIFTY | 29-09-2021 [INTRADAY]")
![BANKNIFTY: Simple Trade Setup | BANKNIFTY | 28-09-2021 [INTRADAY]](https://s3.tradingview.com/t/ttCsQfj1_mid.png "Simple Trade Setup | BANKNIFTY | 28-09-2021 [INTRADAY]")
