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Niftybankanalysis

Simple Trade Setup | BANKNIFTY | 09-12-2021 [ INTRADAY]NSE:BANKNIFTY Observations: 1) On 1day time frame,Today, it trade above 10DMA. But face resistance from 21DMA. 10DMA is support now and 21DMA is immdiate resistance now. 10DMA is placed at 36377.13 21DMA is placed at 37348.94 Please refer below chart : 1 day Time Frame. 2) On 1 hr time frame, we can see that it has given the breakout of resistance channel. Please refer below chart : 1 hr Time Frame. ------------------------------------- Trade Setup for Date: 09-12-2021 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 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
Nifty Bank, a pyramid near completionNifty Bank on a chart of 15 minutes time-frame Not always you can use candlesticks to read something that's being written on the charts So, this be treated as an attempt to read it using another tool, this time it is baseline Trying to keep it simple and readable enough there is an upward journey, a destination point and again a downward travel, In the process BUILDING A PERFECT PYRAMID which is very fast nearing completion Besides this structural achievement, there is something more to it, apply a Fib number series or a Gann box and just see how amazingly every value coincides Another remarking exclamation in this journey is the use of same halting points either way And as always, it isn't a buy sell recommendation, It is just an effort to bring precision while making decsion #DYOR
NSE:BANKNIFTY
by harshad_009
Simple Trade Setup | BANKNIFTY | 01-12-2021 [ INTRADAY]NSE:BANKNIFTY Observations: 1) On 1day time frame, it closed just below 200DMA. 200DMA is placed at 35707.33 level. If it sustain below it tomorrow then we can see weakness. 200DMA is major support. Please refer below chart : 1 day Time Frame. ------------------------------------- Trade Setup for Date: 01-12-2021 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 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 2021BANKNIFTY Intraday trade Setup For 2021 Buy-Above 37900 Sl-37800 T-38061 38240 Sell-Below 37200 Sl-37300 T-37000 36900 36650 Banknifty has moved both the side today. The last hour sell off will continue if it breaches today's low. Also keep i mind that 37000-36900 will act as a support so book profits there. If 37000 is is breached then will test 36700. Eat in pieces. If index take support from 37270 then go long with a small sl for the target of 37800.
NSE:BANKNIFTY
by Omahto
Simple Trade Setup | BANK NIFTY | 23-11-2021 [ INTRADAY]NSE:BANKNIFTY Observations: 1) On 1day time frame, it is managed to close above 100DMA. 100DMA is placed at 36987.45 We can see that major support range if 36980-37000 level range. Please refer below chart : 1 day Time Frame. 2) On 1 day time frame also we can see that as per Fib retracement it is just above 61.8% level. If it sustain above it and takes support then we can see a pull back for tomorrow only. Please refer below chart : 1 day Time Frame. 3) On 1hr time frame, it has made rounding top pattern, which is a sign of bearishness. And now it is just near to support range. There can be two scenario, if it takes support from this support range then we can see a pullback. But if it gives sustainable breakdown of it then it will continue to be bearish. Please refer below chart : 1 hr Time Frame. ------------------------------------- Trade Setup for Date: 23-11-2021 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 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
Nifty 50 Neowave ForecastNSE:NIFTY Hi Traders Today we are going to discuss Nifty 50 Index. So lets see whats been happening here. After Making an high of 18600 we are falling. We made a low of 17600 which i called (A) point and after that we rise and make a (B) Point. So as you all you can see this three wave corrective structure higher possiblity going towards 17400. Now longer term trend is still up. So Below around 17000 there is an support trend line. Higher possiblity of returning from there. So its all depend on how much (C) point will fall. So this is the best possible scenerio. Thank You Wave Forecast
NSE:NIFTYShort
by IIntelligentinvestor
BANKNIFTY Shorting Strikes !🛑 Shorting strikes purely based on india vix volatility index and Standard Deviation - we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle - Short 38700 CE and Short 37500 PE 🛑 we can observe that market may be stays in between within the mentioned strikes - if we short both side / if we did short strangle then ◽if breakout at 38600 happens then we can exit from short CE position and hold short PE Position until achieve the target of 38700 ◽if breakdown at 37500 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 37500 ◽ i hope that it will help a lot , do like it and follow for more have a nice day,....
NSE:BANKNIFTYShort
by agasthya_d
Simple Trade Setup | BANKNIFTY | 18-11-2021 [ INTRADAY]NSE:BANKNIFTY Observations: 1) On 1hr time frame, we can see that now it has come down to the middle trendline of major parallel range in which it was trading earlier. My personal view is that it may come down till 37500 and from that it can take good support from it. If not then on breakout of middle trendline of parallel channel it will bounce back. But if it faces resistance from middle trendline then it will be short trade. I am not able to adjust this channel in the levels chart so I am providing it separately. Please refer below chart : 1 hr Time Frame. 2) On daily time frame,it close below 50DMA and closed just above 38000 level. 50DMA is placed at 38408.22 level. If it goes below 38000 and sustain below then it is a sign of bearish trend. Please refer below chart : 1 day Time Frame. 3) On 15 min time frame, it is just at the bottom trendline of parallel resistance channel. Please refer below chart : 15 min Time Frame. ------------------------------------- Trade Setup for Date: 18-11-2021 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 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 Short Term Positional View for week ending 19th Nov#BANKNIFTY Short Term Positional View for the week ending 19th Nov For the first time in 3 weeks, BN has closed on the falling trend line (marked in red circle). BN has to sustain above this trend line to start afresh trend and projected movement along with the levels are marked on the chart. The correction from 41,829 to 38,346 seems to be a flat 3-3-5 correction, this statement holds until the Invalidation line placed at 38,346 gets breached. Strategy:- Buy in dips till the time 38,346 holds for higher targets. Any breach of 38,346 will result in panic selling and if it breaks, then only will share my bearish view, else it might create unwanted panic. Decision Zone:- 38,750 above +ve and below -ve. E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will be short else you won't. John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve. Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient. Regards, SG #elliottwave #banknifty #niftybank
NSE:BANKNIFTYLong
by subhagghosh
16