Simple Trade Setup | BANKNIFTY | 17-01-2022 [INTRADAY]NSE:BANKNIFTY
Most of levels and trade setup remains same as per previous.
Trade Setup for 17-01-2022
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.
Niftybanktrend
Simple Trade Setup | BANKNIFTY | 14-01-2022[INTRADAY]NSE:BANKNIFTY
Trade Setup for 14-01-2022
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.
Bank Nifty needs to work hard!!Bank Nifty ('BN') is at a immediate resistance, which also a key level for overall movement of the market. As you know from our Nifty analysis that good triggers (such as good GDP data, economy and better revenue collection) will help the market to close in green, but the key is to sustain above the key levels.
If BN crosses 38k levels and sustain, then there is a good chance to reach at 41k subject to good earnings and positive foreign markets and no new COVID variant.
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.
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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.
Simple Trade Setup | BANKNIFTY | 23-12-2021 [INTRADAY]NSE:BANKNIFTY
Trade Setup for Date: 23-12-2021
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.
Simple Trade Setup | BANKNIFTY | 22-12-2021 [ INTRADAY]NSE:BANKNIFTY
Trade Setup for Date: 22-12-2021
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.
Nifty Bank, a sunrise again ???Nifty Bank on day charts seems evenly poised for a ride either way, perfectly paused around this level of 37000, it can either travel towards the upper Bollinger band which is somewhere near 38910 or it can drift away down towards lower band which is near 35246
Having said that and After seeing the charts some observations that came up are like
1. Continuously for three days it has been closing above the level of 37001.15 which as per the fib retracement is 0.236 level
2. After 4th November since it glided down the BB basis, it's the first time it has again jumped above towards the BB basis
3. It is this same level of 37000 and same point on the BB basis from where it had taken off for a giant leap, see the candle of 1st Oct 21
4. After an area of divergence, RSI 14 is moving upwards and aiming to cross 50 from below
5. MACD is showing positive trend, initiation of a bullish crossover and histogram turning strong and green
Might be we are on to a new rally in BN F 🚀🚀
not at all something like a trade advice
#DYOR #DUE_DILIGENCE
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
📊 #banknifty at crucial level 🎯NSE:BANKNIFTY
as we see Nifty level, same way Banknifty also at crucial level. If sustain above this pattern, then only we can see recovery in coming days.
Trade according to your trade set up.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Bank Nifty: Short term to Mid term view: BullishAll weekly indicators showing positive signals. Further upside may come on upcoming weeks. Apart from bank nifty chart, Most of the bank stocks charts are positive so that stocks will help to whole Bank Nifty positive move. Safe traders, can trade above the day close of Target 1.
After Long days giving views in Bank Nifty.
Vijayaraghavn.K
Kovilpatti, Tuticorin Dist.
** NIFTY & BANKNIFTY PRE & POST MARKET ANALYSIS FOR 10 AUG ** MARKET ANALYSIS AND PREDICTION FOR 10.08.21 (TUESDAY ) ON 12 AUG
*******************************************************
* NIFTY 50 *
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SUPPORT AREAS RESISTANCE AREAS
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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 *
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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
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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.
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.‼️
BankNifty View 9 July 2021What a day it was for BankNifty today !!! :) :) :) Big SMilesss on puts for me...after breakdown of support as shown yesterday! Hope you had a great day too !!! Bless You !!!
Dow theory ! Yes, Dow theory is not bent yet!
Trend is our friend until it bends.
Applying Fib retracements from each significant Low, the reversal is coming from a 50% level.
So, expecting a reversal from the 50% level 34830 - 34960 where there is a gap too.
This gap may act as support. Or it might get partially / completely filled before resuming upward journey.
Contrary view : There is a red inclined Trendline. If it breaks, then aggressive shorting below 34630 level seems good for immediate targets of 34000.