Banknifty Monthly Monthly Banknifty
It is in the range of High (54825.55) to Low (50283.15) If it break up side it will go up .
it will break down side it will go down my point of view i will be in the range of next year feb or march
Rangeboundmarket
VIJAYA DIAGNOSTIC CEN LTDNSE:VIJAYA Stock take support from C point.
Buy sustain above the 465 rupees.
First Target is 505 to 510 rupees.
Second Target is 525 to 529 rupees.
stoploss is below 450 rupees.
Range bound market 17400-18300The piercing candle, developed on the weekly time frame, depicts support.
While on the Daily time frame, the candle is at downward resistance. It is likely to give a breakout.
Looking at the price structure it is expected to remain range bound for this month 17400 to 18300 range.
Calculating Target for Range BreaksRange bound market is a very common scenario. A range comprises an upper boundary and a lower boundary. You would be able to draw a rectangle by connecting these boundaries. The market starts oscillating with in this rectangle. Ultimately the fight between bulls and bears ends with a breakout in one direction.
New traders are often confused about the target in the above cases. Although its very difficult to arrive at one particular method to calculate targets yet one of the easiest 4 step method is given below.
1️⃣Find the upper and lower boundary levels of the range
2️⃣Find the distance between these boundaries by subtracting the two levels
3️⃣Add the result to the upper boundary level
4️⃣And the result would be your target for the range break
By applying this method, a target for the above BankNifty chart comes out to be around 41500
I hope it was useful
Thanks for reading
@Bravetotrade
SidewaysNifty seems to be sideways Range bound Between 1655-16270 Buy CE if 15 min Candle closes above 16270 and Buy PE if 15min Candle closes below 16155 ..
TITAN Big Bull favourite I'm expecting a breakdown (maybe the stock can take support at the level and possible for a double bottom and move upwards)
The Reason Why I'm bearish:
1.Bearish Engulfing at channel resistance
2.Global crisis
3.Nifty looking weak
4.Rangebound breakout will be very effective.
5.Avoid taking long for this month(index looking weak )
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
AUDUSD - RANGE BOUND Description:
The counter AUDUSD is moving between the price range of 0.7691 and 0.7815 in a parallel channel. Both the flat-top resistance and the support base seem to be stronger. Therefore the counter is expected to continue in the parallel channel. Determining the trend is very difficult for this condition. Breakout of the parallel channel will specify the trend of the counter. Swing trading is more preferable for this condition. The Stop loss is mandatory for performing swing trading. Levels of the stochastic indicator will be very useful for swing trading.
The major levels for this counter are
R2 – 0.7805
R1 – 0.7782
PP – 0.7744
S1 – 0.7722
S2 – 0.7683
Bank Nifty - Range bound market between 30900 to 31500Bank Nifty is inside range bound market it's trading between 30900 to 31500 levels.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Bank Nifty is inside Range bound market at 1 hour TFBank Nifty is inside Range bound market at 1 hour TF. Wait for breakout and then go for long or short opportunity
NIFTY TRADE SETUP -SGX NIFTY IS SHOWING A DOWNTICK OF OF 60 POINTS
-YESTERDAY NIFTY TESTED THE UPPER RANGE OF 10830
-I EXPECT THE INDEX TO TRADE WITHIN THE RANGE BUT WITH A UPSIDE BIAS
-THE MORE TIME NIFTY SPENDS INSIDE THE RANGE THE STRONGER WILL BE THE BREKAOUT
-BUT STILL WHAT WE HAVE ON NIFTY IS A RANGEBOUND MOVEMENT FROM 10690-10830
-THIS PRICE ACTION IS VISIBLE ON 30-MIN CHART
-LIKE DISCUSSED BEFORE THAT NIFTY IS SEEING A EXHAUSTION AND IS LOOKING TO CONSOLIDATE
-INDEX WILL RALLY ABOVE ITS 200-SMA ONLY
-200-SMA IS PLACED AT 10880
-YESTERDAY IN THE INDEX INSIDE BAR PATTERN WAS VISIBLE
-BREAKOUT IS ON THE CARDS TILL THEN RANGE IS VALID
-CRUCIAL SUPPORT IS PLACED AT 10660 WHICH HAS PROVIDED SUPPORT
-INTRADAY SUPPORT IS PLACED AT 10690
-"AVOID POSITIONAL TRADE"
-WAIT FOR THE RANGE TO BREAK
NIFTY RESISTANCE FOR THE DAY
10810-10887-10950
NIFTY SUPPORT FOR THE DAY
10750-10720-10660
!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!!
!!TRADE ACCORDING TO YOUR RISK PROFILE!!
!!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!!
!!HAPPY TRADING!!
