NSE:BANKNIFTY Observations: 1) On 1day time frame,it managed to sustain above 10DMA. But, it is still below 21DMA. If it gives sustainable breakout of 21DMA then we can see up-move. 21DMA is placed at 36983.30 and 10DMA is palced at 36671.66 Please refer below chart : 1day Time Frame. 2) On 15min time frame, after it opened gap down below the support...
NSE:BANKNIFTY Observations: 1) On 1day time frame, it took again support from 200DMA and today it gave good bullish move. 200DMA is placed at 35716.03. Please refer below chart : 1 day Time Frame. ------------------------------------- Trade Setup for Date: 08-12-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for...
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...
NSE:BANKNIFTY After gap up opening it went down and was sideways. Our trade setup and levels remains most of the same. Observations: 1) On 15 min time frame, It traded mostly under the resistance parallel channel. It opened above this channel and went back inside it. But good thing is that it didn't breakdown below it. Also it took support from 38600...
NSE:BANKNIFTY Observations: 1) On daily time frame, it faced resistance from 21DMA and closed below it. 21DMA is placed at 39575.20 level range. Also one good thing is that it managed to close above major support range of 39285-39350 level range. Please refer below chart : 1 day Time Frame. In general, it is good that none of 15min candle closed...
Niftybank can look for support zone of 36590-36700 for tp of 39000-39330 only for positional players Disclaimer : Only for educational and learning purpose.
NSE:BANKNIFTY Most of the levels remains same. Observations: 1) On daily time frame, in last we have applied FIB retracement on daily time frame. And today it closed just near 38.20% level of Fib Retracement. If it sustain above this level tomorrow then we can see 40656 as next big level may be in a day or two. Please refer below chart : 1 day Time...
NSE:BANKNIFTY Observations: 1) On daily time frame, we can see that it tested critical support of 38500 level range and managed to close above 21DMA which is placed at 38992.41 level. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date 01-11-2021: 1) Don't Jump in to trade at the beginning of the...
NSE:BANKNIFTY Observations: 1) On 15 min time frame we can see that it had broken the temporary support trend-line from which it was getting support and bounce back in previous session. But now it came to the major critical support range of 39285 to 39350. If it holds and gets support from here then it can bounce back but if it breakdown this range then the...
Monthly fib- red Weekly Fib- green Daily fib- yellow Fibonacci is not only present in nature but is evidently present in our stock markets (commodity and crypto too). This helps us to mark the important support and resistance levels without any other stimulus.
BANKNIFTY Intraday Trade Setup For 25 Oct 2021 Buy-Above 40590 Sl-40500 T-40735 40845 Sell-Below 40150 Sl-40250 T-39900 39755 39559
NSE:BANKNIFTY Observations: 1) On 15min time frame, we can see a major support trendline. As far as it is above this we will not see major downfall. Breakdown of this will lead to major downfall. Please refer below chart : 15 min Time Frame. 2) Also On 15 min time frame, we can see major support zone is from 39284 to 39350. In worst case it can come...
NSE:BANKNIFTY Levels remains the same as per previous trade setup. Only support and resistance line added/changed a bit. Trade Setup for Date 11-10-2021: 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)...
NSE:BANKNIFTY Observations: 1) On 1 day time frame, we can see that it took support from 10DMA and maintained to close above it. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date 08-10-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge...
Please refer my earlier post of previous trade setup to know about parallel channel support which BANK NIFTY is having. I am putting it in link section at bottom of this post. Resistance line will only work as support once it breaks it & then it test it for support. Trade Setup for Date 07-10-2021: 1) Don't Jump in to trade at the beginning of the market....
NSE:BANKNIFTY Trade Setup for Date 05-10-2021: 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...
NSE:BANKNIFTY Observations: 1) On 1hr time frame, if you can remeber from my past BANKNIFTY TRADE setup that we have a parallel channel support for BANKNIFTY. On Friday,01-10-2021, it took support from the upper trendline of that parallel channel. I am also putting that previous idea in which I talk about that parallel channel. Please refer it in link...
NSE:BANKNIFTY Observations: 1) On 15 min time frame, there are two lines 1) resistance line and 2) Temporary support line. If it open in between then breakout on either side will give move on that side but better to trade with levels only. Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for Date...