BankNifty Future Analysis for Today 19th April 2023#BankNifty Future Analysis for #Today 19th April 2023
As per our #analysis for #BankNiftyFuture, we are expecting these below Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly.
Zero Line (Previous Close): 42335.50
#IntradayLevels
#Bulls can be active above: 42435 For the Levels Above
R1 = 42543
R2 = 42690
R3 = 42817
#Bears can be active below: 42242 For the Levels Below
S1 = 42039
S2 = 41874
S3 = 41663
Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
#NiftyFuture #StockMarketIndia #DailyIntradayLevels #TradeDiscipline
#15minchart #TechnicalAnalysis #TrendlineAnalysis #ChartAnalysis
Systemtrading
BANKNIFTY FUTURE INTRADAY LEVELS FOR TOMORROW 17th APRIL 2023#BankNifty Future Analysis for #Tomorrow 17th APRIL 2023
As per our #analysis for #BankNiftyFuture, we are expecting these below Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly.
Zero Line (Previous Close): 42189
#IntradayLevels
# Bulls can be active above : 42268 For the Levels Above
42369/42519/42679
# Bears can be active below : 42116 For the Levels Below
41942/41790/41670
Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
#BankNiftyFuture #StockMarketIndia #DailyIntradayLevels #TradeDiscipline
#15minchart #TechnicalAnalysis #TrendlineAnalysis #ChartAnalysis
#Ethereum Trading Plan 22-23 Jan 2022In this chart of Ethereum I have marked 4 price levels which have been determined based on a proprietary calculation that I have developed. The zone between the top-most and bottom-most price levels is a strict "No Trade Zone".
If Ethereum's price crosses the top-most price level, we will be looking for long opportunities and if Ethereum's price crosses the bottom-most price level, we will be looking for short opportunities.
Entry criteria:
Bullish case: Enter as soon as a 5-minute candle CLOSES above the top-most price level.
Bearish case: Enter as soon as a 5-minute candle CLOSES below the bottom-most price level.
Stop Loss criteria:
Risk: 2% of capital of per trade.
Bullish case: Just below the second price level from the top.
Bearish case: Just above the second price level from the bottom.
Take profit criteria:
I personally follow a system wherein I do nothing until 1:1 RR is achieved. But post 1:1 RR is achieved, I adjust stop loss to cost. I then exit 1/3rd of entered quantity based on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . I exit 1/3rd of entered quantity at fixed take-profit level of 1:3 RR. And I exit the final 1/3rd of entered quantity based on a system of setting stop losses that are dynamically adjusted to the nearest retracement after a Day High Breakout (in bullish case) or Day Low Breakout (in bearish case).
I have also experimented with systems wherein you can set take-profit at a fixed level of 1:3 RR or alternatively after 1:1 is achieved book full quantity vased on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . Both of these alternative systems have also been profitable.
Please note the given zones are valid only until the end of the day. Any open positions must be closed by 05:25 AM IST which is around when the day is about to end in the cryptocurrency markets.
Also please note: according to the rules of my system, I don't take more than 3 trades per day on any asset.
CEAT Limited approaching breakout: BUY if closes above Rs. 995CEAT Limited, a tyre-manufacturing company is approaching breakout. Two of the other well known tyre manufacturers in India (MRF and BALKRISIND) have already given breakouts. Will this one be successful too?
Lets stop guessing, and follow the strategy used to identify others. The Pro-Breakouts strategy that I use automatically draws breakout and support lines, which result in trade signals. For more details, please refer to the website link in the signature field below.
MARUTI - BUY signal generated at Rs. 7,178After the EXIT at around Rs. 9,000 , the next BUY signal came at Rs. 7,178 . We won't be able to buy at the lowest price, won't be able to sell at highest. But will eat the meat in the middle. Just need to follow a strategy.
The Pro-Breakouts strategy that I use automatically draws breakout and support lines, which result in trade signals. For more details, please refer to the website link in the signature field below.
Sundram Fasteners - BUY signal generated @ Rs. 485Sundram Fasteners is an auto-ancillary company, with Return on Equity above 20% in last 10 years . With these type of fundamentally-sound companies, you need a strategy, to give you BUY signals with high-probability of continuing up-moves.
The Pro-Breakouts strategy that I use automatically draws breakout and support lines, which result in trade signals. For more details, please refer to the website link in the signature field below.
SHORT Biocon (only if the system gives a SHORT signal)Just following the system. The stock has come under the scanner through the trading system that I use (blue dots at the bottom signifies the pattern). Now, all that the system wants is the blue dots to go, so that it turns into a SHORT signal.
Scroll left on the chart to see how the system gives buy, short and sell signals, with prices & stop loss mentioned therein. We are only looking for quick moves here, ranging anywhere between 3-15 days... No long-term trades.
Take your FREE access and know more about the system on www.tradewithpuneet.com
HDFCLIFE - BUY signal given by the strategyHDFCLIFE came under the scanner yesterday through the trading strategy that I use (blue dots at the bottom signifies the pattern). The strategy gave the BUY signal today.
The Watchlist was shared with all the subscribers.
Scroll left on the chart to see how the system gives buy and sell signals, with prices & stop loss mentioned therein. We are only looking for quick spikes here through this system, ranging anywhere between 3-15 days... No long-term trades.
More information on the system can be found on www.tradewithpuneet.com or by clicking here -->
SHORT M&M (only if the system gives a SHORT signal)M&M has come under the scanner through the trading system that I use (blue dots at the bottom signifies the pattern). Now, all that the system wants is the blue dots to go, so that it turns into a SHORT signal.
Scroll left on the chart to see how the system gives buy and sell signals, with prices & stop loss mentioned therein. We are only looking for quick spikes here through this system, ranging anywhere between 3-15 days... No long-term trades.
More information on the system can be found on www.tradewithpuneet.com or by clicking here -->
SHORT: RAMCO Cements (only if the system gives a SHORT signal)Just following the system. The stock has come under the scanner through the trading system that I use (blue dots at the bottom signifies the pattern). Now, all that the system wants is the blue dots to go, so that it turns into a SHORT signal.
Scroll left on the chart to see how the system gives buy, short and sell signals, with prices & stop loss mentioned therein. We are only looking for quick spikes here through this system, ranging anywhere between 3-15 days... No long-term trades.
More information on the system can be found on www.tradewithpuneet.com or by clicking here -->
BUY: MARICO (only if the system gives a BUY signal)Marico has come under the scanner through the trading system that I use (blue dots at the bottom signifies the pattern). Now, all that the system wants is the blue dots to go, so that it turns into a BUY signal.
Scroll left on the chart to see how the system gives buy and sell signals, with prices & stop loss mentioned therein. We are only looking for quick spikes here through this system, ranging anywhere between 3-15 days... No long-term trades.
More information on the system can be found on www.tradewithpuneet.com or by clicking here -->