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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
BANKNIFTY Intraday Trade Setup For 02 Mar 2022BANKNIFTY Intraday Trade Setup For 02 Mar 2022 Buy-Above 36280 Sl-38180 T-36400 36560 Sell-Below 35890 Sl-35990 T-35690 35600 BANKNIFTY opened with a big gap down today. Then it made W pattern and took U turn and a V shape recovery was seen. Then after 12 noon huge volatility was created. We will be using the nd half trading session range to build our trade for 1 March. Above 36300 we will buy for the target of 36560-36600. There is the gap area that is the area to book some profit and hold rest for final target of 36560-36600. For selling if a candle closes below 36000 then below 35900 we will plan our sell trade for the target of 35700. Below 35600 we will get a good move and the gap area can be our target. If we get a big gap up/down opening then we will for the 1st 15 min candle and trade on the high and low of that candle. Intraday Trade setups will be used in case of a big gap up/down.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 01 Mar 2022BANKNIFTY Intraday Trade Setup For 01 Mar 2022 Buy-Above 36280 Sl-38180 T-36400 36560 Sell-Below 35890 Sl-35990 T-35690 35600 BANKNIFTY opened with a big gap down today. Then it made W pattern and took U turn and a V shape recovery was seen. Then after 12 noon huge volatility was created. We will be using the nd half trading session range to build our trade for 1 March. Above 36300 we will buy for the target of 36560-36600. There is the gap area that is the area to book some profit and hold rest for final target of 36560-36600. For selling if a candle closes below 36000 then below 35900 we will plan our sell trade for the target of 35700. Below 35600 we will get a good move and the gap area can be our target. If we get a big gap up/down opening then we will for the 1st 15 min candle and trade on the high and low of that candle. Intraday Trade setups will be used in case of a big gap up/down.
NSE:BANKNIFTY
by Omahto
Simple Trade Setup | BANK NIFTY | 28-02-2022 [INTRADAY]NSE:BANKNIFTY Observations: 1) On 1day time frame, in last day session on Friday, it face resistance from 200DMA range. 200DMA is placed at 36652 level range. Safe buy only if it sustain above 36652 level range. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for 28-02-2022 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 | BANKNIFTY | 24-02-2022 [INTRADAY]NSE:BANKNIFTY Observations: 1) On 1day time frame, it closed just above 100EMA. 100DMA is placed at 37355 level. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for 24-02-2022 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 24 Feb 2022BANKNIFTY Intraday Trade Setup For 24 Feb 2022 Buy-Above 37800 Sl-37700 T-37900 38000 Sell-Below 37290 Sl-37390 T-37160 37000 BANKNIFTY has closed almost flat today. We discussed that it is likely to be sideways. We planned to buy above 37670, we just got 100 points then price structure changed and become sideways. Today it made a descending triangle and breakdown happed at last 30 Min. Coming to tomorrow's expiry day trade setup, we will sell below today's low 37290 for the target of 37150-37160. We have to plan small targets as index is sideways in all the TF. If we opens gap down and makes a bullish candle in the 1st 5 min then above that candle high we will buy, same candle low will be sl. For buying we do not have a good setup. Best buying will be only above today's high i.e 37800. Till then no aggressive buying. However we can plan a small buy trade above 37700 if a 15 Min candle closes above that. 37150-37160 can act as a support if we find a bullish candle then we can plan a buy trade above that candle high. Directional move will come only above 38000 and below 36800.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 23 Feb 2022BANKNIFTY Intraday Trade Setup For 23 Feb 2022 Buy-Above 37670 Sl-37570 T-37915 38000 Sell-Below 37000 Sl-37100 T-36850 36650 BANKNIFTY opened with a very big gap down today. Bulls showed their presence at support level and moved it higher. We planned to trade the 10 o'clock range if opens with big gap up/down. Gave a good momentum in upside. Coming to tomorrow's trade setup, we will buy above today's high - 37660 for the target of 37900 and 38000.Market does not seems to be positioned for a big move either side. So Trade for small targets and close that in intraday. As trend is missing in all TF. For selling If a 15 Min candle closes below 37070 then below 37000 we will plan for sell. But looking at current scenario it seems that buyers can defend 37000 level. Best move will come after we see a range near 37000 and that range is broken downside. Trendy move will come after above 38100 and below 36800. Till then do not try to hold any position.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 22 Feb 2022BANKNIFTY Intraday Trade Setup For 22 Feb 2022 Buy-Above 37815 Sl-3700 T-38000 38330 38500 Sell-Below 37590 Sl-37690 T-37330 37200 37000 We discussed to sell BANKNIFTY below 37490. Index gave more than 300 points fall after our sell levels was triggered. It gave profit in the 1st 15 Min only. Then Our PRZ in NIFTY - 17080 was triggered that time BANKNIFTY was trading near 37200. As soon as it formed a doji candle and high was taken out. It shot up till 38000. Both moves gave good profit. Then after 1 o'clock double top was formed and it fell till 37600 level after breaking the neckline. Market looks bullish as of now. It tried to hold itself in today's trading session. So, if Index opens flat and a 15 Min candle closes above 37780. Then above 37815 we will buy fir the target of 38000 and 38300. No aggressive selling till 37200. Below 37200 we will see a good directional move. however we we do a quick scalp trade in sell side below 37590 for the target of 37500. Below 37500 we can see a downside move till 37300. Best trade will be in buy side. In case of a big gap up or gap down, wait till 10 o'clock and trade that range breakout/breakdown.
NSE:BANKNIFTY
by Omahto
Simple Trade Setup | BANKNIFTY | 21-02-2022 [INTRADAY]NSE:BANKNIFTY Observations: 1) On 1day time frame, it faces resistance from 100DMA range. 100DMA is placed at 37765.95 level. Also, it has been giving closing in the resistance channel since last few days. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for 21-02-2022 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 21 Feb 2022BANKNIFTY Intraday Trade Setup For 21 Feb 2022 Buy-Above 37680 Sl-37580 T-37800 37900 38000 Sell-Below 37300 Sl-37400 T-37000 BANKNIFTY has closed almost flat on Friday. Also a range has been created since last 2 trading session. 38000 is the level above which a good directional move will come. And 37300 is the level below which index will give a good downside move. However we can do a scalp trade in buy side above 37680 for the target of 37800. Above 37800 we can get a move till 37900. Buying will be messy till index sustains above 38000. For selling 37300 is the level below which we will get a downside momentum till 37000. However one aggressive sell trade can be done below 37490 also. In that flow if index breaches 37300 then will hold the short position till 37000. 37000 will act as a support consider booking profits there. One reversal trade can be planned from here also for the target of 37300. In case of a big gap up or gap down we have to wait till 10 o' clock and trade that range. Also the first 15 min candle will be very important in this case.
NSE:BANKNIFTY
by Omahto
1
BANKNIFTY Intraday Trade Setup For 18 Feb 2022BANKNIFTY Intraday Trade Setup For 18 Feb 2022 Buy-Above 37930 Sl-37830 T-38130 38350 Sell-Below 37400 Sl-37500 T-37230 37000 BANKNIFTY as discussed yesterday that we will sell below 37800. It gave a 300 point move in the downside. Then Index turned total sideways. Once again it has made range in intraday. Range is 37500 in the downside and 38000 in the upper side. Tomorrow's trade setup is simple, once again we will sell below today's low i.e 37400 for the target of 37230 and 37025. 37000 will act as support so book profits there. Buying can be avoided as of now. For buying we need a 15 candle close above 37870. Then if 37930 is crossed we will buy for the target of 38150 and 38350. Incase of a big down if first 15 candle has a lower price rejection or makes a bullish hammer then we will buy above that candle high. Best trade will be with flat opening.
NSE:BANKNIFTY
by Omahto
1
BANKNIFTY Intraday Trade Setup For 17 Feb 2022BANKNIFTY Intraday Trade Setup For 17 Feb 2022 Buy-Above 38200 Sl-38300 T-38400 38600 38900 Sell-Below 37750 Sl-37850 T-37575 37300 BANKNIFTY has traded in a broader range today. Today's trading range was almost 700 points. Also it has made a complete range between 38460 and 37760. Today's high and low will be the main trigger for any directional move either side. Since it has closed near the lower range. So if a 15 Min candle closes below 37830 and 37750 is crossed then we will sell for the target of 37575 and 37300. 37575 can give a bounce so book profits there or trail to the last swing to ride it if it fall till 37300. For buying a aggressive scalp trade can be done above 38200 only. However direction move will come above 38500 only. We will buy above 38200 for the target of 38400. And if 38500 is sustained then we will ride that move till 38600 and 38925. In case of a big gap up or gap down we will wait till 10 o'clock and trade that range breakout or breakdown.
NSE:BANKNIFTY
by Omahto
2