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Simple Trade Setup | BANKNIFTY | 16-08-2021NSE:BANKNIFTY Observations: 1) On Daily Time Frame it made bullish flag and pole pattern. Upper level to consider is 36235 level and lower level to consider 35800. Please refer Chart below: 2) It closed below 36200. @ 36169.35 3) It closed inside the parallel channel on 15min time frame. 4) But it closed above 21MA and also took support from 21MA on 15min time frame in last candle. ------------------------------------------- Trade Setup for Date 16-08-2021: 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) If it open Gap up above 36230 then let it go down to test the 36200-36180 level or the trendline, if it gets the support from these level then buy trade can be initiated once it break the 36235 level. 3) If it open Gap up above 36230 then goes down and even if it break down 36180 level and fails to get support from it then wait till it reaches to 21MA on 15min time frame. Once it get support from there then there can be two possibilities to get in to buy trade. If you are an experience trader then 1st entry will be on the next candle or breakout of the upper trendline. And for 2nd buy and safe entry will be breakout of 36235 level. 4) If it open gap up above 36230 then goes down and takes support from 36180 or 21MA on 15min time frame then it faces resistance at 36200-36225 level then it can be sell trade entry but only experience trader are advisable to take this entry. For Safe trade better to take entry once it breaks down the 21 MA. 5) If it open gap down in range of 36130 then let it go down to take support from 21MA and if it gets the support then the buy trade entry can be possible once it breaks the upper trendline and other safe buy trade entry can be possible if it breaks the 36235 level. But if it fails to take support from 21MA then break down of 21MA will be the sell side entry. But trade with strict SL. Don't trade with sentiment. Let price action give your direction of the trade , not your own sentiment. 6) If it open major gap down even below the bottom trendline near 35980-35990 then if it take support from 50MA and get's back in to the channel then it will be buy trade entry. But if it breaks down the 50MA then it will be sell trade entry. 7) All the levels will work as support, resistance, entry and target w.r.t price action working near that level tomorrow. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:BANKNIFTY
by Trading_hawk
2
** NIFTY & BANKNIFTY PRE & POST MARKET ANALYSIS FOR 10 AUG ** MARKET ANALYSIS AND PREDICTION FOR 10.08.21 (TUESDAY ) ON 12 AUG ******************************************************* * NIFTY 50 * --------------------- SUPPORT AREAS RESISTANCE AREAS --------------------------- ----------------------------------- 1ST SUPPORT AREA : 16229.35-16241.70 | 1ST RESISTANCE AREA : 16267.35-16287.10 2ND SUPPORT AREA : 16176.10-16195.95 | 2ND RESISTANCE AREA : 16321.25-16338.35 3RD SUPPORT AREA : 16126.40-16147 * NIFTY BANK * ------------------------ SUPPORT RESISTANCE ----------------------------- ---------------------------------- 1ST SUPPORT AREA : 35697.30-35787.30 | 1ST RESISTANCE AREA : 35907.40-35980.55 2ND SUPPORT AREA : 35440.70-35527.35 | 2nd RESISTANCE AREA : 36143.85-36217.20 ----------------------------------------------------------------------------------------------------------------------------------------------------- EXPECTATION : AS FOR TOMORROW I AM EXPECTING A NEGATIVE NIFTY & BANKNIFTY. CHANCES OF MARKET REMAINING FLAT, RANGE BOUND IS HIGH. If want to know my Trading Approach for tomorrow. Please stay connected with me. Jai Hind. Disclaimer: This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
NSE:NIFTY
by Shruti_Advisory
BANKNIFTY Weekly LEVELSMagic Lines: All supports are not for buy level. As like all resistance are not for sell levels After long research and back testing we find which S&R is for sell level & which S&R is buy level. In that result we give the pure intraday levels in charts. BLUE LINE ARE BUY LEVELS (Target lines) ORANGE LINES ARE SELL LEVELS(Target lines) Additionally we added guiding line for entry and SL There are 10 different pattern based on market opening for getting entry in market with this line if anyone interested please command below ..
NSE:BANKNIFTY
by AadhanTrading
BANKNIFTY Weekly LEVELSMagic Lines: All supports are not for buy level. As like all resistance are not for sell levels After long research and back testing we find which S&R is for sell level & which S&R is buy level. In that result we give the pure intraday levels in charts. BLUE LINE ARE BUY LEVELS (Target lines) ORANGE LINES ARE SELL LEVELS(Target lines) Additionally we added guiding line for entry and SL There are 10 different pattern based on market opening for getting entry in market with this line if anyone interested please command below ..
NSE:BANKNIFTY1!
by AadhanTrading
BANK NIFTY Option trading analysis for 16 July 2021IMPORTANT NOTE: Trade in 5 Min and 15 Min Time frame, the TradingView is not allowing to post in the smaller time frame and I'm not interested to buy premium plan so please trade as per given time frame and level and targets Thanks. Bank Nifty trade analysis and level targets BUY Above 336101 if the level breaks and hold it then enter for targets 1 (36357), and target 2 (36603). SELL BELOW 35879, And wait for targets 1, (35627) and 2 (35351) DISCLAIMER:- I Am Not SEBI Registered Analyst or financial adviser. All Post and Levels Posting Only For learning Purpose. Not Giving Any Recommendations For Trade. I'm Not Responsible For Your Any Kind Of Loss Or Profit. Before trading please consult with your financial advisor. No Claim, All Rights Reserved.‼️
NSE:BANKNIFTY1!Long
by TradeWithAshu
BANK NIFTY (NIFTY BANK) Option trading analysis for 15 July 2021IMPORTANT NOTE: Trade in 5 Min and 15 Min Time frame, the TradingView is not allowing to post in the smaller time frame and I'm not interested to buy premium plan so please trade as per given time frame and level and targets Thanks. Bank Nifty trade analysis and level targets BUY Above 35848 if the level breaks and wait for price action to enter in the trade then wait for targets 1 (35943), and target 2 (36108). SELL BELOW 35665, And wait for targets 1, (35542) and 2 (35380) DISCLAIMER:- I Am Not SEBI Registered Analyst or financial adviser. All Post and Levels Posting Only For learning Purpose. Not Giving Any Recommendations For Trade. I'm Not Responsible For Your Any Kind Of Loss Or Profit. Before trading please consult with your financial advisor. No Claim, All Rights Reserved.‼️
NSE:BANKNIFTY1!
by TradeWithAshu
Bank Nifty for 15-07-2021 and 16-07-2021 NSE:BANKNIFTY INTRADAY LEVELS. This is BANKNIFTY chart on 15 minute time frame. Levels are followed in much better way and are working as per Fibonacci Retracement . Today it took resistance at 34804 . This level is critical to watch tomorrow. And below are levels for this week. Don't chase any gap up or gap down. Buy Only above 35850. --> 1st Target: 35935 --> 2nd Target: 36108 --> 3rd Target: 36234 Sell Only Below 35645. --> 1st Target: 35553 --> 2nd Target: 35392 --> 3rd Target: 35218 Below are the scenario. 1) If open gap up above 35850 then wait for first 15 minutes. Let it go down to get support from 35800 or 35750. And once you find it is taking support from these levels and then you can go long and follow levels for your target. 2) If open gap up above 35850 then wait for first 15 minutes and let it go up till 35900-35920 and let it face resistance. If it breaks up 35920 then go long and if it goes down then don't chase. There will be the chance that it will go down to check demand from 35750 level. 3) If open sideways between 35650-35720 then wait for break up or break down to go with the trend and follow levels for your target. 4) If open gap down below 35650 then wait for 35600-35555 levels to get broke down to go short. It might also test the demand from 35550 and give up move but since there is expiry tomorrow better to go long above 35820. It is better to give up some point rather than giving up premium. 5) There might be chance that it will remain in range and give sideways movement and option writer will just earn from the premium decay. Don't buy any option in this sideways moment as premium will decay tomorrow on expiry day. But there will be surely one side movement will come on either side in that you can jump and buy option. But be quick with taking out profit. Don't hold for long time. All the best for the upcoming trading days. Any doubts/suggestion, you can comments below.
NSE:BANKNIFTY
by Trading_hawk
1
BANK NIFTY (NIFTY BANK) Option trading analysis for 14 July 2021IMPORTANT NOTE: Trade in 5 Min and 15 Min Time frame, the TradingView is not allowing to post in the smaller time frame and I'm not interested to buy premium plan so please trade as per given time frame and level and targets Thanks. Bank Nifty trade analysis and level targets BUY Above 35848 if the level breaks and wait for price action to enter in the trade then wait for targets 1 (35943), and target 2 (36108). SELL BELOW 35665, And wait for targets 1, (35542) and 2 (35380) DISCLAIMER:- I Am Not SEBI Registered Analyst or financial adviser. All Post and Levels Posting Only For learning Purpose. Not Giving Any Recommendations For Trade. I'm Not Responsible For Your Any Kind Of Loss Or Profit. Before trading please consult with your financial advisor. No Claim, All Rights Reserved.‼️
NSE:BANKNIFTY1!Long
by TradeWithAshu
4
Bank Nifty for 14-07-2021 to 16-07-2021 .This is BANKNIFTY chart on 15 minute time frame. Levels are working as per Fibonacci Retracement. Today it took resistance at Fibonacci level which is placed at 35713. this level is critical to watch tomorrow. And below are levels for this week. Buy Only above 35850. --> 1st Target: 35935 --> 2nd Target: 36108 --> 3rd Target: 36234 Sell Only Below 35645. --> 1st Target: 35553 --> 2nd Target: 35392 --> 3rd Target: 35218 All the best for the upcoming trading days.
NSE:BANKNIFTY
by Trading_hawk