BANK NIFTY General Elections 4th June Target 51K?BANK NIFTY is trading in a 2000 point channel for last few weeks. Looks like it will end up at either of the extremes of the channel on General Electons result day! My money is on 51K+ Let me know what you think in the comments section below. Longby jbmaan4
#Banknifty:8th May#Banknifty:8th May Step1: 48161-47970 -S1 zone. Try long.Only intraday aggressive traders. Step2: if 49508-R1 reached exit long, enter short. Step3: 47745-47575 - S2 zone. Exit short...and confirmed for fresh long.by rudrajit_deb0
Nifty 50Nifty 50 Nifty has a Resistance zone of 22430 to 22520. Above these levels of 22520 it can test levels of 22630 and 22780. Nifty has a support of 22220 to 22280, failing to sustain these levels it can further falls to levels of 21980 to 21920by DecodingChartsEQ0
S&PHello & welcome to this analysis S&P has entered the PRZ of a bearish Harmonic ABCD pattern. It gets activated below 5175 and negated above 5210 A reversal from here could form a lower high in the indexShortby Dinesh_C_Nagpal7
Nifty50 Support And Resistance 8-May-24Please find below simple resistance and support: Resistance: 22329 If crossed up then will see upward move as follows: TGT: 22450 Support: 22231 If crossed down then will see downward move as follows: TGT: 22167 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Chargesby solitaryverma0
Bank nifty : As we can see Downward movementum.There is good downward movement in bank nifty as we predicated ,we could see downward move again tomorrow for the target price .Shortby Traders-community1
Banknifty Levels and Zone for Long Term / 4 Hour 👑TrendTalk👑Banknifty Levels and Zone for Long Term / 4 Hour Timeframe Technical analysis is a trading discipline that seeks to identify trading opportunities by analyzing statistical data gathered from trading activity. ;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;; How To Become a Professional Trader : Learn the trading basics. ... Learn the advanced basics. ... Develop trading systems and techniques. ... Gain trading experience. ... Consider paper trading. ... Choose a reliable broker. ... Learn to focus. ... Understand risk managementLongby TrendTalk50
IT is ready for trend changeAfter Claimed 10EMA IT is ready for new run? IT Index is consolidate at support line and after break 33800 they will upwards.by KRKanodia1
BANKNIFTY Intraday Trade Setup For 8 May 2024BANKNIFTY Intraday Trade Setup For 8 May 2024 Sell_1- From 48750 Invalid-Above 48860 T- 48445 Sell_2- Below 48200 Invalid-Above 48310 T- 47630 47200 BANKNIFTY has closed on a bearish note with 1.25% cut today. Sell triggered as per trade setup below 48650 and almost hit 1st target 48200. BANKNIFTY seems to be falling in a parallel channel. Breakout will bring bulls back. Breakout of this channel and then above previous hourly/15 Min high will be confirmation breakout. Tomorrow if index opens flat then bets trade will be in sell side below 48200. There is a chance of gap up so 48750 will be a confluence level. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 48200 then we will short for the target of 47630 and 47200. 2nd short can be considered from 48750. To 48445. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.by Omahto9
NIFTY Intraday Trade Setup For 8 May 2024NIFTY Intraday Trade Setup For 8 May 2024 Buy-Above 22350 Invalid-Below 22300 T- 22590 Bearish-Below 22230 Invalid-Above 22280 T- 22000 21800 NIFTY has closed on a bearish note with 0.62% cut today. Sell triggered below 22350 and gave a good move till 22335. Index held 50 EMA in daily TF. In case 50 EMA is respected then 22350 will be a bullish reversal level. Also possibility opens of 0.618% pullback above 22350. 22600 will be an intraday resistance for tomorrow's session. On a flat opening below 22230 index will test psychological level- 22k. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22350 then we will long for the target of 22600. For selling we need a 15 Min candle close below 22230. T- 22000. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.by Omahto15
Nifty levels - May 08, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!by sacxe223
BankNifty levels - May 08, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!by sacxe2
2 MAY NIFTY EXPIRY BEARISHNIFTY is moving in a Parallel channel. Use of Fib tool shows bearish trend untill it break .5 or .618 level Here is the Trade: FIB .5 SL: 22675/22680 Targets: 22580/22510/22450Shortby NaveenTTRUpdated 0
Nifty Smallcap Analysis 📊 Nifty Smallcap ✅ Reversal from ATH with strong bearish candles currently no sign of recovery ✅ Trend + support of 16350 broken next station 15800 ✅ Those smallcap stocks holding strong in this kind of market will rally fastest when smallcap index takes support or pause for retracementLongby Marketik0
BANKNIFTY Trg 49550 & higherBN hold long above 48950 Trg 49550. Expecting BN to move up further 600 points from high of Trww. Look for updates. Price has taken support at the plotted Angle . Can expect some retracement / volatility around 49550. Probable trend change time mentioned on chart . Longby lalitsethUpdated 2
NIFTY TRG 22883 & HIGHER Nifty hold long above 22493 expecting 22883 atleast. Price can dip after hitting 22706 - some volatility possible here. Add more abv 22656 . Angle support has held. Breach below 22455 expect 22208. Trade as per levels. Look for updates .Longby lalitsethUpdated 6
Nifty sell trade given on 2nd may at 22670 , Target 22230 hit On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader1
Finnifty sell trade given on 2nd may 22550 Target hit 380 pointsOn Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader1
Banknifty sell given on 2nd may at 49450 , tgt 48300 hit , 1200 On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader1
BankNifty Is Still Bullish Soon We Will See 50200 Level📊 Bank Nifty ✅ Reversal from upper Trend, currently entered in support zone (1hr time frame) ✅ Rsi also heading towards lower trend support, we can see reversal soon but before reversal it will try to trap newbie & impatient traders ✅ I am expecting 50200 level soonLongby Marketik1
Nifty50 (7th May) 2/2 If rejection happens from 22309 then more 📉 📉 to 22166 If hourly closing or support sustains above 22309 then short covering 📈 📈 to above levels marked on the chart Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.by Kilopapa1
Nifty50 Analysis For Next 2-3 Days- Market Is Still Bullish📊 Nifty50 ✅ After double Top formation couldn't hit upper Trend channel and fell badly from ATH ✅ Currently trading near lower trend channel, if nifty touches lower trend and reverse from there that will be the best scenario but it can also break the trend & when it happens many retailers will exit their portfolio and that will be the best time to make fresh position because whenever money is taken away from weak hands market rallies very fast ✅If trend breaks it is going to take support in lower green zone (major support zone) there's also Fibonacci level of 0.236 from where last time nifty reversal started ✅ Market should follow given analysis from here onwards, my next Target for nifty50 is 23050 ✅If breaks trendline and comes to green zone then Rsi will also come to lower trend & that will be the best scenario and best time to make fresh entry in midcap stocksLongby Marketik3
Nifty : Double Top (Minor Triple Top)Nifty has hit 22770-799 three time but unable to sustain. So Breakdown has started. Be on cash or Book profit or go on short. Stoploss 22300 for All LONG Positions For Short term Trend Stoploss 22000 for All LONG Positions For Mid term Trend Stoploss 21710 for All LONG Positions For Long term Trend All above levels are of Nifty Spot. Put Stoploss on closing basis. (In Trading Time it may go above/below stoploss But closing price is most important). These are levels are generated on the basis on Fibonacci Series NOTE : I am not SEBI registered advisor in capital market. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thank you.Shortby maneeshaggarwalUpdated 2