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Niftybankanalysis

Simple Trade Setup | BANKNIFTY | 16-03-2022 [INTRADAY]NSE:BANKNIFTY Trade Setup for 16-03-2022 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 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.
NSE:BANKNIFTY
by Trading_hawk
Simple Trade Setup | BANK NIFTY | 15-03-2022 [INTRADAY]NSE:BANKNIFTY Observations: 1) On 15min chart, we can see temporary support channel. Breakdown of it can lead it to test 35000 / 34900 support level. Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for 15-03-2022 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 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.
NSE:BANKNIFTY
by Trading_hawk
2
BANKNIFTY Intraday Trade Setup For 15 Mar 2022BANKNIFTY Intraday Trade Setup For 15 Mar 2022 Buy-Above 35450 Sl-35350 T-35600 35720 35900 Sell-Below 35000 Sl-35100 T-34800 34600 34400 BANKNIFTY has closed 750+ points up today. Half the gain came from HDFCBANK alone after RBI lifted all restrictions. We planned on weekend to buy above 34700 if we get a 15 min candle close. Trade went all smooth from 34700 to 35435. It was a fantastic day as it was trending. Coming to tomorrow's trade, we will buy on swing breakout first, this is the first and ideal trade. So, we will buy 35450 on 15 Min candle close for the target of 35722 36000 36150+. For selling no aggressive selling with big targets can be achieved as of now till 34600 is safe. So between that we will eat in pieces. Last swing low in 15 Min chart is 35170, so if we trade below that then our short will be triggered below 35000, target will be 34800 and 34600 below 35000. In case we open very big gap up/down, we will wait till 10 o'clock and trade that range breakout/breakdown.
NSE:BANKNIFTY
by Omahto
3
Simple Trade Setup | BANKNIFTY | 14-03-2022 [INTRADAY]NSE:BANKNIFTY Most of the trade setup will be same as per previous one. 35000 is major resistance. Above this it will be more bullish. Trade Setup for 14-03-2022 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 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.
NSE:BANKNIFTY
by Trading_hawk
3
BANKNIFTY Intraday Trade Setup For 14 Mar 2022BANKNIFTY Intraday Trade Setup For 14 Mar 2022 Buy-Above 34700 Sl-34600 T-34880 35000 35150 Sell-Below 34300 Sl-34400 T-34000 33800 33600 BANKNIFTY has traded almost inside the Thursday's trading range on Friday. It was a complete consolidation. It is trading between the range of 35000 and 34000. Index is likely to show a sideways momentum for somedays. Because Index has been trading with huge volatility for quiet some time. Also the FIIs and DIIs activity has subsided since last 3 days. Safe traders should wait till 35000 and 34000 is broken either side. Momentum will be seen above 35000 and below 34000. But aggressive trade can be done if we get a candle close above 34700 then we will buy for the target of 34880 and 35000. Above 35000 target will be 35200. For selling if we get a candle close below 34300 then we will sell for the target of 34100 and 34000. Below 34000 we will get a move till 33600. Safe traders should wait till 34000 is broke. In case of any big gap up/down , we will wait till 10 o'clock and trade that range breakout/breakdown.
NSE:BANKNIFTY
by Omahto
6
Banknifty Intraday Levels For Tomorrow Friday 11-03-22NSE:BANKNIFTY 📊 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 and stop loss can be below that support line or that reversal candle's low whichever lower, same way if any candle getting resistance from any resistance level and if one can find reversal candle for short over there then one can short below that candle and stop loss can be that resistance line or that reversal candle's high whichever higher. Even one use their own trade setup with these levels. Everyday levels are different and same way the candles which going to be formed on support or resistance can be different, so cant say here perfect numbers to buy or sell or stop loss. Hope one can understand that better to trade with own wisdom in live market, even check future chart as well for better profitable trade. 📝 If anyone facing any issues or not understanding anything than please ask your doubts in comments. Become an independent trader take charge of your own trades Learn . Apply . Grow ******whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
NSE:BANKNIFTY
by linesandlevels
BANKNIFTY Intraday Trade Setup For 11 Mar 2022BANKNIFTY Intraday Trade Setup For 11 Mar 2022 Buy-Above 34700 Sl-34600 T- 35000 35200 35500 Sell-Below 34200 Sl-34300 T-34000 33800 33565 BANKNIFTY opened with a very big gap up on Thursday because of global market rally. We planed to trade the 10 o'clock range in case of any big gap up/down. 10 o'clock range was 35070 and 34715.We got moves in both the side. Firstly range was broke upside and we got 300 points move. Then Double top was formed and it fell till 34220 after breaking neckline of 34150. Later the 10 o'clock range was broke in that flow. It was a good profitable day. Coming to tomorrow's trade setup, firstly the best and ideal trade will be done on flat opening. If index opens between 34680 and 34220 then we will build our trade setup on breakout of the any of the level. So, if we get a 15 Min candle close above 34650 then above 34680 we will buy for the target of 35000 and 35200. Book partial profit at 35000 and keep some to ride till 35200. In case Thursday's high is breached in that flow then above 35400 will get a move till 3580. For selling if index opens flat and crosses Thursday's low i.e 34200 then build your short position targeting 34000-33900 and 33500. Selling would be the ideal trade. But do not trade with a bias, we have our levels with us to go with. In case of any gap up/down, we will use 10 o'clock range and trade that range breakout/breakdown.
NSE:BANKNIFTY
by Omahto
1
Simple Trade Setup | BANKNIFTY | 10-03-2022 [INTRADAY]NSE:BANKNIFTY Trade Setup for 10-03-2022 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 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.
NSE:BANKNIFTY
by Trading_hawk
2
#Banbknifty Intraday Levels For Thursday 10-3-22NSE:BANKNIFTY 📊 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 and stop loss can be below that support line or that reversal candle's low whichever lower, same way if any candle getting resistance from any resistance level and if one can find reversal candle for short over there then one can short below that candle and stop loss can be that resistance line or that reversal candle's high whichever higher. Even one use their own trade setup with these levels. Everyday levels are different and same way the candles which going to be formed on support or resistance can be different, so cant say here perfect numbers to buy or sell or stop loss. Hope one can understand that better to trade with own wisdom in live market, even check future chart as well for better profitable trade. 📝 If anyone facing any issues or not understanding anything than please ask your doubts in comments. Become an independent trader take charge of your own trades Learn . Apply . Grow ******whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
NSE:BANKNIFTY
by linesandlevels
Simple Trade Setup | BANKNIFTY | 09-03-2022 [INTRADAY]NSE:BANKNIFTY All the levels and trade setup will remain same as per previous. Trade Setup for 09-03-2022 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 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.
NSE:BANKNIFTY
by Trading_hawk
Banknifty Intraday Levels For Wednesday 9-3-22NSE:BANKNIFTY 📊 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 and stop loss can be below that support line or that reversal candle's low whichever lower, same way if any candle getting resistance from any resistance level and if one can find reversal candle for short over there then one can short below that candle and stop loss can be that resistance line or that reversal candle's high whichever higher. Even one use their own trade setup with these levels. Everyday levels are different and same way the candles which going to be formed on support or resistance can be different, so cant say here perfect numbers to buy or sell or stop loss. Hope one can understand that better to trade with own wisdom in live market, even check future chart as well for better profitable trade. 📝 If anyone facing any issues or not understanding anything than please ask your doubts in comments. Become an independent trader take charge of your own trades Learn . Apply . Grow ******whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
NSE:BANKNIFTY
by linesandlevels
BANKNIFTY Intraday Intraday Trade Setup For 9 Mar 2022BANKNIFTY Intraday Intraday Trade Setup For 9 Mar 2022 Buy-Above 33300 Sl-33200 T-33500 33700 34000 Sell-Below 32990 Sl-33100 T-32800 32500 32200 BANKNIFTY has made a big bullish candle in daily TF. This is after many days that index has closed at day high. Some profit booking is taking place plus some buyers are getting in. We planned to short below 32350 and buy above 33000. Both triggered and both gave profit of more than 200 points both the sides. Index made a perfect double bottom and reversed. All updates shared. Coming to tomorrow's trade setup, if index opens flat and crosses Tuesday's high then we will build our long for the target of 33500 and 34000. 1st move is above Tuesday high and 2nd move is above Monday's high. For selling a aggressive scalp sell trade can be done below 32990 for the target of 32800 if it goes in flow then hold till 32500. Below 32500 index may give another momentum till 32200 and 32000. Volatility is high trade carefully. In case of any big gap up/down, follow 10 o'clock range and use live data to build any trade.
NSE:BANKNIFTY
by Omahto
#Banknifty Trend NSE:BANKNIFTY as of now short till harmonic PRZ, ones price reach there and show a sign of reversal book short and reverse trade in long with strict stop loss as per your trade setup. 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:BANKNIFTYLong
by linesandlevels
Simple Trade Setup | BANKNIFTY | 08-03-2022 [INTRADAY]NSE:BANKNIFTY Trade Setup for 08-03-2022 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 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.
NSE:BANKNIFTY
by Trading_hawk
Banknifty Intraday Levels For Tuesday 8-3-22NSE:BANKNIFTY 📊 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 and stop loss can be below that support line or that reversal candle's low whichever lower, same way if any candle getting resistance from any resistance level and if one can find reversal candle for short over there then one can short below that candle and stop loss can be that resistance line or that reversal candle's high whichever higher. Even one use their own trade setup with these levels. Everyday levels are different and same way the candles which going to be formed on support or resistance can be different, so cant say here perfect numbers to buy or sell or stop loss. Hope one can understand that better to trade with own wisdom in live market, even check future chart as well for better profitable trade. 📝 If anyone facing any issues or not understanding anything than please ask your doubts in comments. Become an independent trader take charge of your own trades Learn . Apply . Grow ******whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
NSE:BANKNIFTY
by linesandlevels
BANKNIFTY Intraday trade Setup For 8 Mar 2022BANKNIFTY Intraday trade Setup For 8 Mar 2022 Buy-Above 33130 Sl-33000 T-33500 33800 34000 Sell-Below 32600 Sl- 32700 T-32400 32100 32000 BANKNIFTY opened with a very big gap down today. With that today there was some issue with NSE server issue. It continued its major trend and no major bounce was seen. Coming to tomorrow's trade setup, we will sell below 32600 targeting Monday's low - 33380 as 1st target. Below that we will hold our short positions till 32200 and 32000. For buying if index sustains above 33130 then can buy for the target of 33500 and 34000. But do not sit long in buy side. As major trend across all TF is negative. Also keep position size less. As volatility has increased with rising VIX. In case of a gap up/down we need to build our trade setup with intraday data.
NSE:BANKNIFTY
by Omahto
Simple Trade Setup | BANKNIFTY | 07-03-2022 [INTRADAY]NSE:BANKNIFTY Observations: 1) On weekly time frame, 34000 is major critical level. sustainable breakdown of it will give intraday fall. And closing below it make it bearish to test 32800 intermediate support and 32000 major support. Please refer below chart : Weekly Time Frame. 2) On 1hr time frame, we can see rounding top pattern. Which is bearish pattern. breakdown of 34000 will make it bearish. Please refer below chart : 1hr Time Frame. 3) On 15min chart we can plot short term resistance channel. Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for 07-03-2022 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 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.
NSE:BANKNIFTY
by Trading_hawk
#Banknifty Reversal Zone NSE:BANKNIFTY 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:BANKNIFTYLong
by linesandlevels
BANKNIFTY Intraday Trade Setup For 7 Mar 2022BANKNIFTY Intraday Trade Setup For 7 Mar 2022 Buy-Above 35110 Sl-35000 T-35350 35600 Sell-Below 34300 Sl-34400 T-34100 3400 33680 BANKNIFTY opened with a very big gap down on Friday. and showed 3 way move fall recovery again sharp fall. IT is trading near a major support of 34000 in daily TF. If this level is breached then index will show a panic selling once again. Best trade will be in sell side, so below 34300 will sell till 34100 and 34000. But if index fails to sustain the support levels then will carry our short till 33700. For buying we need to wait till 34100. If a 15 candle closes above this then our target will be 35350 and 35600. The range is too big. Adding to this range we have been opening with a big gap up/down since this Russia Ukraine issue came in headline. So, if we open with a very big gap/down then wait till 10 o'clock and trade that range breakout/down. Live trade setup will be used in case of any gap up/down.
NSE:BANKNIFTY
by Omahto
Simple Trade Setup | BANKNIFTY | 04-03-2022 [INTRADAY]NSE:BANKNIFTY Observations: 1) On 15min time frame, we can see triangle pattern. Range of 34880-34985 is support range. Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for 04-03-2022 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 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.
NSE:BANKNIFTY
by Trading_hawk
BANKNIFTY Intraday Trade Setup For 04 Mar 2022BANKNIFTY Intraday Trade Setup For 04 Mar 2022 Buy-Above 35200 Sl-35100 T-35400 34600 35800 Sell-Below 34850 Sl-34950 T-34700 34500 BANKNIFTY opened with a decent gap up on Thursday and the 1st 5 min candle was a shooting star. As soon as the low of that candle broke it just fell till 34725. Also the 10 o'clock range broke downside below 35200 continued the downside journey. Also I updated not to buy today. Coming to tomorrow's trade setup, we are going to use the last half an hour range to build our trade setup. If we get a 15 candle close above 35150 then above 35200 we will buy for the target of 35400 and 35500. For selling we need a 15 min candle close below 34850 then below that candle low we will sell for the target of 34500. 34500-34490 can act as a support zone as this is a PRZ area. One reversal trade can be planned from here. But 1stly we will sit and on the side side. In case of a big gap up/down we will wait till 10 o'clock and trade that range.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 03 March 2022BANKNIFTY Intraday Trade Setup For 03 March 2022 Buy-Above 35560 Sl-35460 T-35800 36000 38200 Sell-Below 34890 Sl-34990 T-34700 34600 34500 BANKNIFTY has formed a Dragonfly Doji in daily TF. It is valid and is active above today's high. The current selling may subside for some time. But main action starts above the doji candle high. Invalid below today's low. On Monday we discussed to buy above 36280 and sell below 35600 Index opened with huge gap down. Incase of any gap/down we planned to trade the 10 o'clock range. Range broke downside below 35200 and dived till 34900. However we got confirmation before hand when inside candle in the 15 TF was formed and broke downside below 35300. Coming to tomorrow's trade setup, as we have already discussed that BANKNIFTY has formed a reversal candle so the best trade will be in buy side above today's high 35560 for the target of 35800 and 36000. However if index fails to sustain in the upper side and breaches today low 34890 in any case then panic selling will trigger once again. So, we will sell only below today's low 34890 for the target of 34500. Incase of any gap up/down we will wait till 10 o'clock and trade that range breakout/down.
NSE:BANKNIFTY
by Omahto
Simple Trade Setup | BANK NIFTY | 02-03-2022 [INTRADAY]NSE:BANKNIFTY Trade Setup for 02-03-2022 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 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.
NSE:BANKNIFTY
by Trading_hawk
1