Bank Nifty - Feb 15Trend deciding level is mentioned in the video. Buy above 41720 with the stop loss of 41640 for the targets 41800, 41880, 41960 and 42040. Sell below 41580 with the stop loss of 41660 for the targets 41500, 41400, 41340 and 41280.
Support and Resistance
#Banknifty trading Plan #Banknifty trading Plan for Monday
1. Above 42020 - Buy 42K CE with SL of 41750 Target - 42450
2. once Below 42000 - Buy 42k PE with an SL of 42100 Target - 40650 , 40050
Bitcoin Trend AnalysisBitcoin is at support level. The risk is less if we enter on the support line with a stop loss.
The Risk to reward ratio is good.
There is a possibility of death cross which makes the stop loss more important.
This is only for educational purpose.
I spend good amount of time in analysis and feel happy to share it with a large group.
COLPAL is at low risk levelI am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only.
COLPAL has 3 confirmations.
1. Bullish Divergence
2. Support taken
3. Market is bullish
Hope this helps you take your decision.
Bajaj Finserv near supportBuying the Bajaj share around the support with SL will be a good trade because the R:R will be in our favor.
In the video I have discussed my take on the share. Please do share your comments.
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions
ADANIENT positional swing tradeSwing trade idea for short positions below the trend brake out & long above the high brake
Nifty Trend AnalysisNifty gave a breakout yesterday, but the US market closed negative. So it is clear Nifty will try to show strength.
It has taken support from the last line confirming the strength.
We can taken positive till 18250 -18260 with a small stop loss.
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only.
Market analysis in advance of the budget 2023Market analysis in advance of the budget
Hello every one, here is the market study. How is the market performing in terms of pre-budget volatility?
India VIX is rising, NSE:INFY NSE:HCLTECH IT stock results will be available today and in the following days,
As well as a market overview of the current market structure.
Watch till the end
Best good luck with your hard work and success.
Follow for more
Bank Nifty - Expiry day analysis Jan 12Buy above 42260 with the stop loss of 42200 for the targets 42320, 42380, 42460, 42540 and 42660. Sell below 42160 with the stop loss of 42220 for the targets 42100, 42020, 41960, 41880 and 41800.
Short - Long Term Trendline Break & Didn't Cross ResistanceFive reasons, why you should short BankNifty ?
1. Break of long term trend line (Black color) on 10th Jan
2. It failed to show any strength today and didn't cross the short term trend line acting as resistance (purple), forget about the maroon line resistance
3. Last three candles have lower lows and lower high formation
4. It failed to cross 50 days EMA and now that is acting as resistance
5. In early hours, it also break the support of 41800
Disclaimer
I am not SEBI registered investment advisor, please trade at your own risk.
Falling Wedge Pattern in Nifty and Breaking of 18000 supportNifty is forming a falling wedge pattern, there is a high likelihood Nifty may trade within this channel. During this channel, it may take support and resistance of 17800 and 1800 in between.
In hourly chart, Nifty is trading below 50 EMA and 100 EMA which further confirms bearish pattern.
How to trade this setup ?
1. Sell call option and choose strike basis your risk profile, risk averse trader should choose higher strike price.
2. Buy put option when there is bounce with weak candles near resistance
You should not do -
1. Buy call option unless Nifty decisively break the 18200 levels
2. Sell put option must be avoided.
Macros in favours of Bearish Pattern.
1. Interest Rate Hike by US, India (FOMC Minute)
2. Risk of COVID infection, hospitalization
3. DXY is rising creating pressure on USDINR rate
4. Policy related change in budget 2023, tax implications
Happy Thursday :)
Regards.
TradeManthan Team
Disclaimer
We are not SEBI registered investment adviser, trade at your own risk. The above information is for learning and knowledge only.
Bank Nifty - Expiry day analysis Jan 5Buy above 42980 with the stop loss of 42920 for the targets 43060, 43180, 43300 and 43380. Sell below 42880 with the stop loss of 42940 for the targets 42800, 42720, 42600 and 42520. Expected expiry day range is 42700 to 43300.
Nifty Trend AnalysisGlobal market are showing rejection on the chart. The same I have highlighted in the video.
With todays rejection move the market is expected to hit the support levels.
Bank Nifty - Analysis for Jan 4Buy above 43420 with the stop loss of 43360 for the targets 43500, 43580 and 43660. Sell below 43300 with the stop loss of 43360 for the targets 43240, 43180, 43100 and 43040.
Bank Nifty - Weekly Review Jan 2 - Jan 6Wish you all a very happy new year 2023. Buy above 42900 with the stop loss of 42860 for the targets 43060, 43200, 43360, 43540, 43720 and 43940. Sell below 42800 with the stop loss of 42860 for the targets 42740, 42620, 42500, 42360, 42200 and 42060.
Mighty Nifty - Analysis for Dec 30Patience is needed to get good trade set ups. Yesterday the traders who have patience and waited for their trade set up to form, should have gained a lot from the break out. Buy above 18260 with the stop loss of 18220 for the targets 18300, 18340 and 18380. Sell below 18180 with the stop loss of 18220 for the targets 18140 and 18100.
Mighty Nifty - Expiry Day Analysis Dec 29Sell below 18090 with the stop loss of 18120 for the targets 18060, 18020, 17980 and 17950. Buy above 18150 with the stop loss of 18120 for the targets 18180 and 18220. Expected expiry day range is 17900 - 18200.
Bank Nifty - Analysis for Dec 28Buy above 42880, stop 42820, targets 42940, 43020, 43140 and 43200. Sell below 42740, stop 42800, targets 42660, 42580, 42500 and 42400.
Nifty Auto - Interesting Price FormationsNSE:CNXAUTO - Overview on all timeframes - MTF, WTF, DTF
DTF its trading within ascending triangle. Expect price to consolidate
WTF its taking long term support and might make double bottom as long s 12675 is held on weekly closing basis. Also showing signs of flag pattern formation but that will be only confirmed if 12675 is held. If thats broken, bullish bias would get negated
MTF its taking long term support of 2020 support line and making HH formation. The only exception is that monthly candle is not looking good so far and thats cos Nov candle is a hanging man and price has been declining so far
Bias on larger time frame remains bullish and only DTF, WTF, the prices may just remain sideways or consolidate within the ascending triangle which may not result in large moves. As an option buyer, I would remain mildly cautious on long trades and remain stock specific.
Let's see how the story develops. Best wishes!
Disclaimer -
- The opinions expressed here are my own. This is for my own records as well as what I see on charts.
- If you are referring to this, please keep in mind that it is only for educational and research purposes.
- Past performance is no guarantee of future results.
- You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION.
- It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance.
- Before investing, conduct your own research and consult with a financial advisor.
TIA!
Bank Nifty -Expiry Day Analysis for Dec 22Buy above 42660, stop 42600, targets 42740, 42820, 42900 and 42980. Sell below 42540, stop 42600, targets 42480, 42400, 42280, 42160 and 42080. Expected range for expiry is 42200 to 43100.
Bank Nifty - Analysis for Dec 21Buy above 43400, stop 43340, targets 43480, 43560 and 43640. Sell below 43300, stop 43360, targets 43240, 43180 and 43080.
Bank Nifty - Analysis for Dec 16Buy above 43460, stop 43400, targets 43520, 43600 and 43720. Sell below 43380, stop 43420, targets 43320, 43260 and 43180.
Long Trade in ICICI BankVery Good Risk Reward Trade. ICICI Bank has been Outperforming Bank Nifty from a long time, so according to me this is the time for ICICI Bank to step in further and help Bank Nifty to move higher
