If BANKNIFTY crosses below 35174 on Monday then a spectacular fall would be seen after a sweet pullback to one of the 10,20 or 50 EMA trending downwards. The supertrend is also showing bearish signals. As visible on the charts, the 10 EMA has crossed the 20 EMA , looking at the direction, a fall is expected as the trendline is also broken on the downside.
BANKNIFTY Intraday Trade Setup For 6 Jun 2022 Buy-Above 35400 Sl-35300 T-35600 35700 Sell-Below 35175 Sl-35300 T-34950 34800 BANKNIFTY closed in a negative note on Friday. It opened with a big gap up and a free fall was seen in both the indices. The daily candle is a complete bearish engulfing, broken the one week range in the downside. 35300 which was acting...
Nifty will open gap up in today's session. After opening if nifty starts trading above 16700 level then expected further upside upto 16880+ level. Any Downside only possible below 16640 level. Downside 16440 level will act as an important support for today's session.
NSE:BANKNIFTY1! 📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas. If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle...
Understanding trends through supports and resistances.
Hello, Its been a roller coaster ride since few days in the market. Both Bears and bulls seems to be trapped one way or the other. As of now lets see where we stand at the Waves count. The Chart posted is self-Explanatory. We might have completed or might complete the 4th wave around 16650 by 3rd June or 6th June. After that we might start with the 5th Wave,...
After a lovely expiry let move ahead & plan it for tomorrow. Today another GAP was got filled which was yesterday closing point @16550. Now always remember after a Trending day most of the time market take a pause & then go for another ride & possibility may can happen tomorrow. Upside Res1 : 16650 Upside Res1 : 16741 Below support1 : 16563 Below support1 :...
NSE:BANKNIFTY Trade Setup for 03-06-2022 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...
BANKNIFTY Intraday Trade Setup For 3 Jun 2022 Buy-Above 35800 Sl-35700 T-36000 36300 Sell-Below 35435 Sl-35550 T-35300 35100 BANKNIFTY has formed an inside candle in daily TF. Yesterday also it was a consolidation day. It was an option seller's expiry. No trades got triggered as per last day trade setup. It just traded inside the 1st 45 Min trading range. Since...
NSE:BANKNIFTY1! 📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas. If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle...
Understanding trends through supports and resistances.
BANKNIFTY Intraday Trade Setup For 2 Jun 2022 Buy-Above 35800 Sl-35700 T-35950 36050 Sell-Below 35280 Sl-35400 T-35000 34800 BANKNIFTY closed inside yesterday's trading range. No levels triggered as per trade setup, However we also planned to sell from 35750 if it touches in the 1st hour. It got triggered and index gave a good downside move till 35300. It was a...
Here is my Trade plan for tomorrow: As if now SGX NIFTY shows GAP DOWN OPENING Condition 1: Support would be 16460 & Pending GAP is @ 16440. Market is likely to refill this gap by tomorrow following with 16366 & 16204 (Pending Gaps). Note: If by any chance we see huge gap down-opening then definitely Short covering will happen. Need to wait first 15 minute check...
Understanding trends through supports and resistances.
NSE:BANKNIFTY1! 📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas. If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle...
NSE:BANKNIFTY Trade Setup for 31-05-2022 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...
Understanding trends through support and resistances