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BankNifty levels - Nov 13, 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 below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
Nifty levels - Nov 13, 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 below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
Nifty Trading Strategy for 12th November 2024Nifty Trading Strategy: Buy Above 24,236 / Sell Below 24,060 Current Price: 24,142 Key Levels: Buy Signal: If the price closes above 24,236 on the 15-minute candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 24,060 on the 15-minute candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 24,142, just below the buy signal level. The market is showing signs of bullish momentum, but it's important to monitor the price closely, especially around the 24,100 to 24,200 levels, which could act as support or resistance. Recommendations: Buy: If the price sustains above 24,236 on the 15-minute candle close, consider entering long positions with targets at 24,300 and 24,400. Sell: If the price breaks below 24,060 on the 15-minute candle close, consider short positions with targets at 23,900 and 23,800. Disclaimer: I am not SEBI registered. This is only for educational purposes. You may do your own analysis before taking any trading decisions.
NSE:NIFTY
by ramkkyy
Bank Nifty Corrective Patterns: Triangle, Flat & W-X-Y-X-ZSummarized Points to Watch: 52,493 Level (Wave ((C))): If Wave ((E)) surpasses this level, the triangle pattern may fail. Lower Trendline Support: A breakdown below this trendline before completing Wave ((E)) could invalidate the pattern. Wave Length Symmetry: An imbalanced Wave ((E)) suggests potential pattern weakness. Volume Behavior: A sudden spike during Wave ((E)) may indicate possible failure. Internal Corrective Structure: Wave ((E)) should consist of three sub-waves to maintain pattern integrity. NOTE: Symmetry in sub-waves is crucial for a triangle pattern, meaning the waves should have balanced length and duration. If the wave ((E)) in your chart becomes too short or too long, it creates asymmetry that may question the pattern’s validity. If wave ((E)) ends abruptly without touching the expected trendline, it could also signal potential pattern failure. Flat Correction Pattern ( 3-3-5) in Bank Nifty This pattern comprises three waves: Wave A (3 sub-waves), Wave B (3 sub-waves), and Wave C (5 sub-waves), indicating a temporary trend reversal. W-X-Y-X-Z Complex Correction in Bank Nifty: This complex pattern involves five waves (W, X, Y, X, Z), representing a multi-phase consolidation, with Wave Z potentially signaling the end of the correction and a possible trend continuation. --------------------------------------------------------------------------------- Approaches to Catching Wave (C) Using the Patterns: Triangle Pattern: After the triangle completes, the impulsive Wave (C) generally initiates. You can look for an entry near the end of Wave (E) and monitor for confirmation with a breakout and increased volume. Flat Correction (3-3-5): In a flat correction, after Wave (B), which is a 3-wave structure, Wave (C) follows with 5 impulsive waves. Identifying the end of Wave (B) gives you the opportunity to capture the significant move in Wave (C). W-X-Y-X-Z Complex Correction: In this complex corrective pattern, the impulsive Wave (C) typically starts after the end of Wave (Z). Due to the complex structure, patience is essential, and confirmation usually comes only after Wave (Z) completes.
NSE:BANKNIFTY
by Trade-Technique
6
Know this before you QUIT TRADINGTrading Myths Busted: The Truth Every Trader Needs to Know If you've been trading (or thinking about it), you've probably heard these myths. Let’s set the record straight 👇 ❌ Myth #1: "99% of Traders Lose Money" 🔍 Reality: It's not that 99% fail—it’s that 99% don't approach trading like a skill. The successful ones invest in learning, adapt to mistakes, and follow rules. Discipline wins over "luck" every time. Are you part of the 1% willing to put in the work? ❌ Myth #2: "Trading Is Just Gambling" 🔍 Reality: Gambling is pure chance. Trading, on the other hand, rewards research, patience, and skill. Successful traders work with data, not dice. ❌ Myth #3: "Only Big Players Can Win" 🔍 Reality: Start with what you have. Big wins are great, but successful traders know how to leverage any amount—even small—by sticking to sound risk management. Your account size doesn’t define your potential; your discipline does. ❌ Myth #4: "The Market Is Out to Get Me" 🔍 Reality: The market doesn’t care about you. It’s not “against” anyone—it just moves. Your job is to understand those moves, not fight them. Control your decisions, and let the rest play out. 💡 Final Truth: Trading is a Skill, Not a Game of Luck Every trader starts somewhere, faces losses, and meets challenges. The difference? Those who succeed see losses as lessons, not defeats. Bust the myths, learn the process, and remember: trading isn’t for thrill—it’s for growth. #TradingMyths #MarketMindset #TruthInTrading #TraderLife
NSE:NIFTYEducation
by keshevdugar
8
NIFTY INTRADAY LEVELS FOR 12/11/2024BUY ABOVE - 24250 SL - 24100 TARGETS - 24340,24420,24500 SELL BELOW - 24100 SL - 24180 TARGETS - 24030,23930,23800 NO TRADE ZONE - 24100 to 24250 Previous Day High - 24340 Previous Day Low - 24030 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
BANK NIFTY INTRADAY LEVELS FOR 12/11/2024BUY ABOVE - 52060 SL - 51800 TARGETS - 52230,52450,52600 SELL BELOW - 51800 SL - 52060 TARGETS - 51500,51270,51060 NO TRADE ZONE - 51800 to 52060 Previous Day High - 52230 Previous Day Low - 51270 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY Levels for November 12, 2024NIFTY Levels for Today Here are the today's NIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level. Note: This idea and these levels are only for learning and educational purpose. Your likes /boosts gives us motivation for continued leaning and sharing ideas.
NSE:NIFTY
by RainingMoneywithTech
BANKNIFTY Levels for November 12, 2024BANKNIFTY Levels for Today Here are the today's BANKNIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level. Note: This idea and these levels are only for learning and educational purpose. Your likes /boosts gives us motivation for continued leaning and sharing ideas.
NSE:BANKNIFTY
by RainingMoneywithTech
#Banknifty directions and levels for November 12th.Bank Nifty Current View: It looks similar to the Nifty sentiment. If the market sustains the gap-up, it could reach a minimum of 52,093. This is a major resistance. After that pullback, if it rejects there, then it will close where it started the session. However, if it sustains or breaks this level, then the pullback will continue toward the level of 52,237 to 52,357. This is our first variation. Alternate View: The alternate view suggests that if the market declines and breaks the level of 51,736, then it could reach a minimum of 51,483 to 51,395.
NSE:BANKNIFTY
by Manickamtraders
#Nifty directions and levels for November 12th.Good morning, friends! 🌞 Here are the market directions and levels for November 12th. Market Overview: There are no significant changes that have happened. The global market is maintaining a bullish sentiment (based on Dow Jones only), while our local market is showing a moderately bearish sentiment. Today, the market may open with a neutral to slightly gap-up start, based on Nifty showing a positive 40 points. In the previous session, both Nifty and Bank Nifty had a solid pullback, but it didn't sustain, which simply means we are in a range market. Today's structure also indicates a continuation of the range market. Let's take a look at this in the charts. Nifty Current View: The current view suggests that if the market sustains the gap-up, it could reach a minimum of 24,288. This is a major resistance. After that pullback, if it rejects there, then it will close where it started the session. However, if it sustains or breaks this level, then the pullback will continue toward the level of 24,367. This is our first variation. Alternate View: The alternate view suggests that if the market declines initially, it could reach a minimum of 78% to the MDZ. However, it should break 24,076, then only can we expect these levels.
NSE:NIFTY
by Manickamtraders
Dow Jones Futures Trading Strategy for 11th November 2024Dow Jones Futures Trading Strategy: Buy Above 44,250 / Sell Below 43,920 Current Price: 44,148.00 USD Key Levels: Buy Signal: If the price closes above 44,250 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 43,920 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 44,148.00 USD, just below the buy signal level. The market is showing signs of bullish momentum, but it's important to monitor the price closely, especially around the 44,100 to 44,200 levels, which could act as support or resistance. Recommendations: Buy: If the price sustains above 44,250 on the one-hour candle close, consider entering long positions with targets at 44,500 and 44,600. Sell: If the price breaks below 43,920 on the one-hour candle close, consider short positions with targets at 43,800 and 43,700. Disclaimer: This is only for educational purposes. You may do your own analysis before taking any trading decisions.
BLACKBULL:DJ30.F
by ramkkyy
naz shortA Renko chart is a type of chart, developed by the Japanese, that is built using price movement rather than both price and standardized time intervals like most charts are. It is thought to be named after the Japanese word for bricks, "renga," since the chart looks like a series of bricks. A new brick is created when the price moves a specified price amount, and each block is positioned at a 45-degree angle (up or down) to the right of the prior brick. An up brick is typically colored white or green, while a down brick is typically colored black or red.
PEPPERSTONE:NAS100Short
by pako2021
9 and 15 Moving average crossover intraday stocks 12/11/2024Stock recommendation:- 9 and 15 Moving average crossover intraday stocks for tomorrow follow for more updates and information. We're dedicated to providing you the best of Finance stock market, with a focus on dependability and Investment. We're working to turn our passion for Finance stock market into a booming online. We analyze Live Market and try to Provide learning information Content. All the Live Market views and charts. We hope you enjoy our free services related to Finance stock market as much as we enjoy offering them to you. *Support and offering* Effective online education modules for all segments of traders Customized portfolio tracker Online research & trading guidance Entry and Exit support for Intraday trading, Swing trading, Scalping, Position trading Future & Delivery trading Technical analysis, Fundamentals analysis Fii & Dii data and reports.
NSE:NIFTY
by ARROWINDEX
#NIFTY - 12 TH NOVEMBER NSE:NIFTY #NIFTYBANK ⚡ Observe, understand, then implement 👍🏻 Chart contains support and resistance levels (understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. P.S note : im not SEBI REGISTRAR 🙏🏻 Any doubt 👉🏻 @thetradeforecast
NSE:NIFTY
by thetradeforecast
1
Midcap nifty select trades and targets - 11/11/24Hello Everyone. The market was in a very tight range the today. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 30 points as we are getting very few trending moves. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 20 points as we are getting very few trending moves.
N
by GOPISRI