Nifty Bank (NSEBANK)TradingideaNifty Bank (NSEBANK) @ over bought zone in 30 min chart shows week
Nifty Bank BUY above 40471
leading indicators shows SELL signal in 30 min time frame so careful trade while go long on Nifty Bank tomorrow.
STOCHRSI(14) -Overbought SELL signal
CCI(14) - SELL signal
Thank you
Niftybanktrading
#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.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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Simple Trade Setup | BANKNIFTY | 03-11-2021 [ INTRADAY]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 Frame.
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Trade Setup for Date 03-11-2021:
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.