#StockMarket #StockIdeas #StocktoWatch #StockToBuy #Niftybank NiftyBank from last few session trading in a Zone, between 38000 to 37300.
Also in last trading session, its closed at bottom of Darvas box zone with fib support of 61.8%
So for tomorrow watch for
---if current level broke then will test 37200 levels for gap filling & further to 36900 (50% fib support)
OR
---if move Up and sustains above 37300 levels then it will further move to 37500 to 38000 levels.
----
Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Please Like & Follow
Niftybanktradesetup
Simple Trade Setup | BANKNIFTY | 05-04-2022 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 05-04-2022
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.
Simple Trade Setup | BANKNIFTY | 04-04-2022 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 04-04-2022
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.
Simple Trade Setup | BANKNIFTY | 01-04-2022 [INTRADAY]NSE:BANKNIFTY
First of all, wish you all the best for new F.Y. trading.
Most of all the levels and trade setup, will be same as per previous level.
Trade Setup for 01-04-2022
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.
Simple Trade Setup | BANKNIFTY | 30-03-2022 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 30-03-2022
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.
Simple Trade Setup | BANKNIFTY | 24-03-2022 [INTRADAY]NSE:BANKNIFTY
Observations:
1) On 15min time frame, we can watch bullish flag and pole pattern.
Please refer below chart : 15min Time Frame.
-------------------------------------
Trade Setup for 24-03-2022
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.
Banknifty intraday levels for Thursday 24-3-22NSE: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.
#Banknifty Intraday Levels For Tuesday 22-3-22NSE: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.
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.
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.
#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.
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.
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.
BANKNIFTY Intraday Trade Setup For 09 Feb 2022BANKNIFTY Intraday Trade Setup For 09 Feb 2022
Buy-Above 38225
Sl-38125
T-38440 38560 37727
Sell-Below 37590
Sl-37690
T-37300 37000
BANKNIFTY has formed a hammer in daily TF. Indicating that the current downtrend may stop here. It will be active above its high 38225. We planned to sell below 37800. Index fell 470+ points from there. It was a good trendy move. It was free fall.
We have seen a sharp recovery after 11 o'clock when the intraday trendline resistance broke. It was a V- shape recovery. This upside move will continue above today high. We need ca 15 Min candle close above 38150. Then above 38220 we will plan to buy. If we get a pullback after breaking the high then that will be more ideal place to enter. Target will be 37500.
For selling we need to wait till 37600. Below 37590 we will sell for the target of 37320. And if index breaks 37300 then we will hold till 37000.
Index moves are wild so trade carefully.
Simple Trade Setup | BANKNIFTY | 08-02-2022 [INTRADAY]NSE:BANKNIFTY
Observations:
1) On 1 day time frame, we can see that it is trading above 100DMA.
After giving breakout of the resistance channel it is back again inside the triangle pattern.
Now below it has support channel and 100DMA as support.
Breakdown of it can make is more bearish.
Please refer below chart : 1day Time Frame.
-------------------------------------
Trade Setup for 08-02-2022
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.
BANKNIFTY Intraday Trade Setup For 07 Feb 2022BANKNIFTY Intraday Trade Setup For 07 Feb 2022
Buy-Above 38910
Sl-38810
T-39200 39400
Sell-Below 38550
Sl-38650
T-38350 38200
BANKNIFTY gave very good profit in sell side on Friday. We planned only sell for Friday's trading session. As soon as index triggered our sell level 38850 it fell till 38570. It filled the gap created after budget day. Gap is filled and took support from the gap area. Chances of a upside move is there. But we trade above a certain price. So. wait for the trendline breakout in the 15 Min chart and then our buy level to trigger.
Index has made a base near 38600. It can give a bounce from here. So, we will buy above 38900 for the target of 39200 and 39400. Buying has good space in upside. However 39000 may resist a bit. But above 39000, we will get a good move till our targets.
Incase index breaks the base created in the 2nd trading session, we will plan for sell. Our sell level will be below 38550. However below 38700, we will be alert to build our short position.
Index can move either side. No biased trade. We have our levels to go with. We have good room on both the sides. If you notice swings in the downside is clear.
BANKNIFTY Intraday Trade Setup For 31 Jan 2022BANKNIFTY Intraday Trade Setup For 31 Jan 2022
Buy-Above 38000
Sl-37900
T-38150 38300
Sell-Below 37580
Sl-37680
T-37300 37150
BANKNIFTY has given a downside move after consolidation on Friday's trading session. This sentiment will continue below Friday's low.
So we will plan for sell if index opens flat and crosses the level for the target of 37150.
But if index takes support from 37000 then we will plan for buy also. Then trendline resistance which is being followed with the Friday's fall will play an important role.
For buying we need a 5 Min candle close above 37920. Target will be 38100-3850. Index can trade in range.
Not expecting any trending move. Index may trade in zig-zag between 37150 to 38100.
Prefer selling the range. Do not plan aggressive trades and keep position size low.
Option Premiums are too high. They will be smashed both the sides seeing the premiums.
Premiums tend to be high before any big event like budget.
Simple Trade Setup | BANKNIFTY | 28-01-2022 [INTRADAY]NSE:BANKNIFTY
Observations:
1) On 1 hr time frame, it finally came decisively above the resistance channel.
Please refer below chart : 1hr Time Frame.
-------------------------------------
Trade Setup for 28-01-2022
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.
BANKNIFTY Intraday Trade Setup For 21 Jan 2022BANKNIFTY Intraday Trade Setup For 21 Jan 2022
Buy-Above 38100
Sl-38000
T-38200 38300
Sell-Below 37590
Sl-37690
T-37350
BANKNIFTY continued its downside momentum today also. We planned to sell below 37780 index gave more than 180 points profit in sell side. However index showed weakness when 38000 was broke in the morning only.
Coming to Friday's trade setup, we will once again sell below today's low 37590 for the target of 37350.
Buying can be avoided as of now. We need price action above 38200 for a buy trade. However if we get a closing above 38060 in 15 min TF then we can plan a buy trade for the target of 100 points.
Simple Trade Setup | BANKNIFTY | 29-12-2021 [INTRADAY]NSE:BANKNIFTY
Observations:
1) On 1 day time frame, it is still trading below 200DMA and also it faced resistance from 10DMA.
To reach up to 200DMA it has to sustain above 10DMA.
10DMA is placed at 35322.39 and 200DMA is placed at 35708.93 level.
Please refer below chart : 1 day Time Frame.
2) Also on 1 Day time frame, we can see that it has made double bottom pattern. Major breakout range is at 35353 -35470 level range.
Please refer below chart : 1 day Time Frame.
3) On 15min time frame, we can see it has been forming double bottom pattern as well and immediate neckline to break is at 35280 level. However major breakout is at level 35300 level. So range of 35280-35300 will work as support if price trades above it and it will work as resistance if price trades below it.
Please refer below chart : 15 min Time Frame.
-------------------------------------
Trade Setup for Date: 29-12-2021
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.