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BANKNIFTY Intraday Trade Setup For 09 May 2023BANKNIFTY Intraday Trade Setup For 09 May 2023 Buy-Above 43420 Sl-43315 T- 43638 43858 Sell-Below 43195 Sl-43300 T- 42989 42780 BANKNIFTY has closed on a bullish sentiment with almost 1.5% gain today. Last day index closed below PDL and today it failed to hit our TSL in long as that candle's low was safe and eventually it rallied. Last day a pullback was scenario was discussed that there is a possibility that it can test 43335 in the 1st hour so has happened. Also price fell almost 150 points from 0.618 plotted. Tomorrow's best trade will be done on flat opening. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 43420 then we will long for the target of 43638 and 43858. For selling we need a 15 Min candle close below 43195. T- 42989 and 42780. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
NIFTY Intraday Trade Setup For 27 Apr 2023NIFTY Intraday Trade Setup For 27 Apr 2023 Buy-Above 17830 Sl-17780 T- 17906 17978 Sell-Below 17765 Sl-17815 T- 17688 17610 NIFTY has closed on a bullish sentiment with 0.25% gain today. Bullishness likely to continue above today's high. We will simply align with the trend and ride the trend with TSL as previous swing lows in 5/15 Min TF. Today sell triggered below 17745 as per trade setup, meanwhile it was updated to exit at cost as it took support from the trendline plotted. If not then it it hit 50 points sl. We have to always be prompt with the market dynamics. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17830 then we will long for the target of 17906 and 17978. For selling we need a 15 Min candle close below 17765. T- 17688 and 17610. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 6 Apr 2023NIFTY Intraday Trade Setup For 6 Apr 2023 Buy-Above 17571 Sl-17520 T- 17625 17677 Sell-Below 17510 Sl-17560 T- 17445 17378 NIFTY once again closed on a bold bullish note with 0.91% gain today. Buy triggered as per trade setup above 17430 and hit 1st target very smoothly (17430-17570+). Its momentum is better than BANKNIFTY since last few days. Next important resistance will be the near the trendline plotted. I will look for a bearish price price action (LHLL) or any sell setup to plan for a short. As said bullish sentiment will be intact till it safeguards PDL(CB). Some bullish momentum will be seen above today's high. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17571 then we will long for the target of 17625 and 17677-80. For selling we need a 15 Min candle close below 17510. T- 17445 and 17378. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:NIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 17 Feb 2023BANKNIFTY Intraday Trade Setup For 17 Feb 2023 Buy-Above 41865 Sl-41755 T-42000 42185 Sell-Below 41520 Sl- 41630 T- 41337 41150 BANKNIFTY has closed on a slight bearish sentiment with almost 100 points cut. Today it opened gap up directly at first target which was a PRZ plotted. As usual it fell from PRZ however the momentum was messy due to low VIX. 10 o'clock range broke downside below 41810 and made a low of 41525. Sl was just 85 points. However it was in two legs. It has closed near day low so below today's low it may continue the down move. Only hurdle is 41450. If 41450 is sustained then it will dive. Coming to Friday's trade setup, if index opens flat and 15 Min candle closes above 41865 then we will long for the target of 42000. Above 42050 it will test 42185 and 42350. For selling we need a 15 Min candle close below 41520. T- 41337 and 41150. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
NIFTY IN A COMPLX SITUATIONHello everyone I am sharing nifty on 2 hour chart. Here you can see a XABCD pattern, drawn in Red. Target is point D which comes around 18930, a major 1.618 resistance in terms of harmonics. But this is still untouched. For a while just keep it plotted. Now just check the previous swing broken out (shown on chart} and probably the retest is also done in last trading session bcoz we can see a good hammer on the same breakout level. As of now this hammer low can be treated as SL for any upside trade but this SL should be very very strict and the target can be that D point we have from XABCD pattern. The moment this hammer on 2 hour chart is broken on down side be assured that we can see a good fall to the downside. Now just check weekly chart where we have bearish reversal candlestick pattern on chart. This is kind of dark cloud cover., Which normally gives a good down move. For now not biased to downside unless this last hour hammer candle is broken on downside, but RSI is also weak at the moment. Personally I am waiting for 18920-30 zone for a better positional trade to the downside as it will be as per XABCD pattern and D is the major major PRZ. Bit complex as of now.....hope the explanation is understandable...
NSE:NIFTY
by LBilgir
GRASIM CASe studyGrasim spot cmp 1750 levels cup and handle pattern formation, where breakout can be confirmed above levels of 1835 , need 2 consecutive daily close above levels for confirmation symmetrical triangle pattern formation, where counter have resistance zone around 1790-1825 levels and support zone around 1690-1720 levels. decisive breakout on any side would lead to a move of 8-10% on either side. pre assumption of harmonic pattern formation. if the formation goes according to ploting, counter would give sharp retracement to levels of 1450-1500 levels, elliot wave suggest counter is trading in 5th wave of motive phase, now as there are cofluence of resistance around 1790-1830 levels wave 5 can be trucated in nature and soon the motive phase might come to end, now if happens so motive phase would lead counter to good retracement levels,, time to book you long position on every rally, now investment should be considered only above levels of 1835 on 2 consecutive close, Bulls need to be cautious at current juncture.
NSE:GRASIM
by RUDRA007
NIFTY Intraday Trade Setup For 29 Jun 2022NIFTY Intraday Trade Setup For 29 Jun 2022 Buy-Above 15930 Sl-15880 T-16000 16050 Sell-Below 15780 Sl-15840 T-15710 15620 NIFTY has closed almost flat today. Closing is at day high. This positive sentiment may continue above today's high. Last day we planned to sell below 15815. It triggered and gave 50 points, 1:1 profits. Coming to tomorrow's trade setup, if index opens flat and a 15 min candle closes above the trendline resistance plotted. We will long for the target of 16000 and 16050. Safe traders should enter above 15930 on a 15 Min candle close. In case a 15 Min candle closes below 15790 then below 15780 we will short for the target of 15710. Below 15700 next move will come till 15620 and 15500. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout. Intraday Resistance- 16200 Intraday Support- 15485-15500
NSE:NIFTY
by Omahto
Banknifty POC Levels and Trading Range Update 28.06.2022Important POC level Updates for NSE:BANKNIFTY . Expecting a trending Rally or Drop before expiry. If happens so target levels are given in the chart. High Volume Node levels have been plotted. Keep Patience and trade with reversal or Breakout strategy near POC level. Try to understand psychology of market. If you like the idea, do not forget to support with a like and follow. Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst. Trade on your own conviction and please consult your advisor before investing. #supportandresistance #volumeprofileanalysis #stockmarketindia #banknifty
NSE:BANKNIFTY
by Ami8singh
Bearish Shark Pattern CD Leg to Complete for ReversalHello Traders. I have observed Bearish Shark Pattern in NSE:TCS Daily Time frame. NSE:TCS is going to be bullish up to Potential Reversal Zone i.e. 3695-3750. We'll have to see Buy trade till the price reaches this zone. Then Sell trade on Price action basis after reversal is confirmed. High Volume Node levels have been plotted. They are synced with Monthly POC. Keep Patience and trade with reversal or Breakout strategy near POC level. Try to understand psychology of market. If you like the idea, do not forget to support with a like and follow. Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst. Trade on your own conviction and please consult your advisor before investing. #supportandresistance #volumeprofileanalysis #stockmarketindia
NSE:TCSLong
by Ami8singh
1
Instantaneous Compound Interest Rate - [Bhushan]This study shows you the instantaneous compound interest/Compound Annual Growth Rate over the defined length. Can be considered good to identify the trend of a particular stock. Also, you can define a comparative line like say 14%, when this limit is crossed, the stock is performing better than the average index value mentioned. Simple Inputs: Length: period over which you want to calculate the Compound Interest. It works according to the number of bars/candles in the selected chart/symbol combination. Any symbol and any timeline can be selected. Cap Limit: As sometimes the returns are crazy high, especially, in short-term spikes, this cap is applied to make the chart more readable, you are free to increase it anytime you need. Comparative Rate Line: A comparative rate limit line can be plotted. eg. like 14% or 17% for various index performance. Crossing the rate line provides a good long entry point indicator for me on a daily scale. Not a piece of advice, but I tend to use it. Please note: As this is a historical indicator, don't use this for an exit point. Choose other relative measures for exit points. Enjoy and please let me know if you like it or want any better measurements. Please also let me know do you get any positive results from using this script. -Dr. Bhushan
NSE:TRIDENTLong
by bdthombre
BANKNIFTY Intraday Trade Setup For 31 Mar 2022BANKNIFTY Intraday Trade Setup For 31 Mar 2022 Buy-Above 36450 Sl-36350 T-36620 36820 37000 Sell-Below 36150 Sl-36250 T-36000 35850 35700 BANKNIFTY has closed 480+ points (1.36%) up today. Out of which 390+ points came through gap up. So our pre analysis levels were invalid due to this big gap up. However 10 o'clock range broke upside above 36260 and gave gave a move till 36420. Then the whole day index was eating the option premiums ahead of Monthly expiry. Index ha closed near day high. So we will buy if a 15 Min candle closes above 36450. Safe traders should wait till 36500 is sustained. Target will be 36620 36820 and 37000. But if index opens with a big gap up then below the 1st 15 Min candle we will sell. For selling we need a negative price action below 36200. So, in that case we will sell below 36150 for the target of 36000, 35800 and 35700. One can short below the trendline plotted. In case of a big gap up/down, we will wait till 10 o'clock and trade this range breakout/breakdown.
NSE:BANKNIFTY
by Omahto
2
Nifty Trade Plan for 01 FEB 2022Nifty Trade Plan for 01 FEB 2022 Expect Nifty to have a gap up opening around 17500 levels which is a good resistance. In case if that sustains we can anticipate 17600 resistance zone as plotted. After such a gap up opening, going long need to extra cautious, Any resistance formed around these with confirmation from momentum trigger we can possible short with Current day high as SL & expect to again test 17300 levels again. Post afternoon again we might again see a up move. I would prefer to trade with small position size today as movements can be very volatile.
NSE:NIFTY
by RaviChandran_Rajkumar