I am expecting fall of bank nifty to the supportI am expecting a fall of Banknifty up to the marked point. Chances of reversal from there. Else may go upto next support that is marked in the chartShortby mohammedshereefn1
Bank Nifty Weekly Spot Chart Technical Analysis 13-17 May, 2024📊 Bank Nifty Weekly Spot Chart Technical Analysis - 13-17 May, 2024 🎯 Weekly Trigger Point: 47421 🎯 Weekly Range in Points: 1939 📉 Buy Above: 48512 📉 Average At: 48283 🎯 Buy Target 1: 48620 🎯 Buy Target 2: 49360 🛑 Buyer Stoploss: 47865 📉 Sale Below: 48054 🎯 Sale Target 1: 46223 🎯 Sale Target 2: 45482 🛑 Seller Stoploss: 48701 Don't forget to reciprocate your love by boosting, following and responding, your actions fuel my efforts to do even better for you! #BankNiftyOptions #NiftyBank #TRADINGTIPS #trading #optiontrading #optionbuying by NumroTrader0
BANKNIFTY in better shape than NIFTY As we can see BANKNIFTY has not yet breached the lower trendline despite NIFTY’s weakness which has breached the lower channel. Though BANKNIFTY is yet to take support at lower trend line, we may expect BANKNIFTY to show REVERSAL from given zones hence any signs of REVERSAL at the trendline could be a good buy keeping SL closing basis below the trendline so plan your trades accordingly guys.by Wealthcam1
BANKNIFTY Levels for May 13, 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.by RainingMoneywithTech4
BANK NIFTY - CHANNEL PATTERNBank Nifty - channel pattern - possible bearish if breaks down and closes below 47000 on daily closing bases- view invalid if bull hammer pattern forms in next 2 days-- consider as pull back and may go side ways or bullish againShortby SanthoshNethi0
Banknifty weekly analysis for 13/05/2024.Banknifty has been trading in a rising parallel channel which is a bearish pattern. The support trend line has been tested 4 times and it is testing it again, closing around it. Even the weekly 20 Ema is around the closing of the candle. If there is a break down on the weekly candle after 2-3 days of consolidation or halt, there is a high chances of bearish momentum is the markets. Major support/target levels:-46600, 45800 Let the market decide the trend and trade accordingly. For last 8 trading session, there is a red candle on the daily charts. A retracement or consolidation is required before any further fall in the market. Wait for the price action near the levels before entering the market. by Mambotrade3
Bank nifty trades and targets - 13/5/24Hello Everyone. The market was in a very tight range the previous day. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 50 points as we are getting very few trending moves. If we do trades in between these zones premium eating will happen and we end up seeing losses. by GOPISRI0
Price action indgaterimport pandas as pd import matplotlib.pyplot as plt # Load historical stock price data stock_data = pd.read_csv('stock_data.csv', index_col='Date', parse_dates= ) # Calculate daily returns stock_data = stock_data .pct_change() # Identify and plot candlestick patterns import talib patterns = talib.CDL_PATTERN_ALL for pattern in patterns: stock_data = talib.CDL_PATTERN_FUNC_MAP (stock_data , stock_data , stock_data , stock_data ) plt.figure(figsize=(12, 6)) plt.plot(stock_data ) plt.title('Stock Price Chart') plt.xlabel('Date') plt.ylabel('Price') plt.show() # Identify and trade on breakouts def breakout_strategy(stock_data, short_window, long_window): signals = pd.DataFrame(index=stock_data.index) signals = 0.0 signals = np.where(stock_data > stock_data .rolling(window=long_window).max(), 1.0, 0.0) return signals short_window = 20 long_window = 50 signals = breakout_strategy(stock_data, short_window, long_window) plt.figure(figsize=(12, 6)) plt.plot(stock_data ) plt.plot(signals ) plt.title('Breakout Strategy') plt.xlabel('Date') plt.ylabel('Price') plt.show()by shubhamsoni43022
Price action indgaterimport pandas as pd import matplotlib.pyplot as plt # Load historical stock price data stock_data = pd.read_csv('stock_data.csv', index_col='Date', parse_dates= ) # Calculate daily returns stock_data = stock_data .pct_change() # Identify and plot candlestick patterns import talib patterns = talib.CDL_PATTERN_ALL for pattern in patterns: stock_data = talib.CDL_PATTERN_FUNC_MAP (stock_data , stock_data , stock_data , stock_data ) plt.figure(figsize=(12, 6)) plt.plot(stock_data ) plt.title('Stock Price Chart') plt.xlabel('Date') plt.ylabel('Price') plt.show() # Identify and trade on breakouts def breakout_strategy(stock_data, short_window, long_window): signals = pd.DataFrame(index=stock_data.index) signals = 0.0 signals = np.where(stock_data > stock_data .rolling(window=long_window).max(), 1.0, 0.0) return signals short_window = 20 long_window = 50 signals = breakout_strategy(stock_data, short_window, long_window) plt.figure(figsize=(12, 6)) plt.plot(stock_data ) plt.plot(signals ) plt.title('Breakout Strategy') plt.xlabel('Date') plt.ylabel('Price') plt.show()by shubhamsoni43020
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 13 MAY 202413 MAY 2024 WORLD MARKETS 1. US and Europe are looking bullish while Asia is mixed. INDIA VIX AND GIFT NIFTY 1. India VIX is @18.5 indicating high volatility. we may see a consolidation for a day or two with a negative bias. 2. GIFT Nifty is indicating a 73 points down tick at 22000. This amounts to 47200 for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank looks oversold in 1 Hour chart. So a move towards 1460 cannot be ruled out. However 1430 seems to be a good support. 2.ICICI Bank has pulled back to 21 SMA . 1090 is a good support whereas 1116 - 1122 is a strong resistance. 3. reliance is bearish and it has resistance at 2830 levels. ANALYSIS 1. Nifty is trying to hold onto 22000 - 21900 whereas Bank Nifty is getting support at 48200 levels. Any break of these levels will give a good risk reward ratio on downside. Till that time, Nifty can move between 22400 - 22000 and Bank Nifty 48750 - 48250 levels. TRADING PLAN 1. NIFTY OPEN BETWEEN 22100 - 22000 : No trade. 2. NIFTY OPEN ABOVE 22100 : Wait for a consolidation and break above 22160 3.NIFTY OPEN BELOW 22000: Wait for a break below 21900. 4.BANK NIFTY OPEN BETWEEN 47600 - 47250 : NO TRADE. 5.BANK NIFTY OPEN ABOVE 47600: Buy any break out above 47850. However any weakness at 47850 and break below 47600 is a sell. Target 47200. 6.BANK NIFTY OPEN BELOW 47250: Sell any rally to 47550. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER. by sam200519680
$Banknifty view for next week 13thMay -18th MayThe weekly chart for NSE:BANKNIFTY shows a significant bearish candle, indicating potential downside pressure. Meanwhile, the daily chart exhibits a succession of red candles, suggesting sustained downward momentum. Considering the current scenario, the risk-reward ratio for initiating further short positions seems unfavorable. Therefore, it appears prudent to await a pullback and consider shorting near the 48000-48200 levels, with a stop loss at 48300 and a target set at 46600.Shortby rashminbhanderi0
BANKNIFTY Intraday Trade Setup For 13 May 2024BANKNIFTY Intraday Trade Setup For 13 May 2024 Bullish-Above 47800 Invalid-Below 47690 T- 48400 Bearish-Below 47300 Invalid-Above 47410 T- 46737 46090 BANKNIFTY has closed on a bold bearish note with 3% cut last week. In the last weekend we discussed that despite it closed with 1.5% gain there is a selling pressure from higher levels. Index is overall sell on rise till it regains previous weekly high. In daily TF index has reached 50 EMA zone and formed an inverted hammer which indicates a potential halt or reversal. To reverse it has to make a bullish price structure in hourly and daily TF. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 47800 then we will long for the target of 48400. For selling we need a 15 Min candle close below 47300. T- 46737 and 46090. 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 Omahto19
Banknifty again becoming stealth bearishAfter the good support in my past 2 predictions. I am again becoming bearish for a quarter time period or so if BN breaks this current rising wedge bearish pattern. It can fall further down to 42150 in a gradual way (could be gapdowns or fall in a day). Before the election it can give good healthy correction thats what i believe in. Please only follow this if you can survive with the bounces. Need to constantly book the targets then sell on rise strategy works. Market may also further continue the wedge pattern too from here then also can fall. But any gapdown from monday 5th feb will be clear sign for the further falls. If bulls has to defend there wont be gapdown. So wise people will understand it. You can also see my past achieved target in the same chart to gain more confidence on the historic analysis. Also please keep an eye on my daily updates below. any instrument falls below 200EMA is always bearish. But jo log aisa sochte hai or kitna girega or kitna girega woh log sirf dekhte reh jayenge for sure. Will not entertain any nagative comments. Happy to help the positive people. I am also bull trader in long run but if market is not bullish you cant help. Agar market ke sath paltoge naahi to palat diye jaoge! Target1 45500 Target2 45000 Target3 44400 Target4 43800 Target5 43050 Target6 42150 Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. And market can always prove me wrong and i take that rights too. DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST.ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS,RIGHTS RESERVED.I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.Shortby ashishhcUpdated 4848104
Bank nifty (day chart)Date 12.05.2024 Bank nifty (day chart) After warning of shooting star at life high from where bank nifty slipped around 2600+ points, now bank nifty has retraced to support confluence zone of support & resistance band + ascending triangle base. The risk reward ratio for longs from here quite good, no target specific but can manage position & trail stop loss if trade is going in favor of long side. Regards, Ankur Longby AnkurSingh1
#Banknifty:13th May#Banknifty:13th May Step1: S1 zone 47200-46978. Enter long. Step2: R1 Zone 47484 exit long...enter short for 15th series. Step3: S2-46681 swing low possible. Very good level for positional long.by rudrajit_deb0
BN - already entered support zonewith strong numbers from ICICI, SBI and few other banks price must have given break out of channel on upside but its all due to RBI actions with Kotak and Draft policy etc created sell off... It looks like well-planned sell off with all big players selling. HDFC is at strong support. people who know whats going to happen next 3 months will keep selling or start buying at support. Bulls can be safe if support not broken. I do not have any positions in BN but some exposure to long side in Nifty.by venkatfx0
Bank Nifty Analysis for Monday ( Multi time frame Analysis)Bank Nifty is trading below Monthly and Weekly CPR , We have to look in Hourly timeframe if candles are getting resistance from 20 and 50 Sma and weekly cpr , that we can easily find from 5 min chart candles if candles are taking resistance from 200 sma and R1 in 5 min timeframe we can say that hourly Sma are proving resistance and we can expect prices to go down , but if candles able to sustain above 5 min R1 and 200 Sma then it means hourly Sma are proving support and we can expect prices to go up by kalanisameer1
10 May 2024 — BankNifty has to take out 47465 for super Bearish'BankNifty had a better kind of retracement than Nifty, but it was not able to break away from the 47465 today. More importantly, it was not even able to break down either. That signifies the importance of 47465 as a critical SR level. The behavior from open to 10.07 was quite exactly as we wrote about yesterday. This market is held by weak Bears and they run for cover very fast, unable to persist with their short position. When we connect the last 2 days of price action, the visual impression shows the continuation of bearishness. On Monday we hope the 47465 level gets broken down for the good. The next major support comes only at 46284 and if we get there — it would have to come from ICICI, AXIS & SBI as these remain the only 3 major banks that have not mean reverted. The #Banknifty algos made Rs17120 today. The high implied volatility is helping the option sellers.Shortby viswaram1
Banknifty Intraday Analysis for 10th May 2024NSE:BANKNIFTY Highest Call writing of 27.73 Lakh at 48000 strike followed by 22.25 Lakh at 48500 strike and 21.22 Lakh at 49000 strike. Highest Put writing of 13.36 Lakh at 47500 strike followed by 13.15 Lakh at 48000 strike and 12.74 Lakh at 47000 strike. Index closed near 47490 level. Index has reach near 46980 level if 47250 support level broken. If 46980 support is broken then index may reach near 46400 46300 level. Index may face resistance near 47900 level and if index crosses and sustain 47900 level then likely to go beyond 48150 - 48200 level. by RKMAURYAUpdated 1
Chart-pattern Base Trading Part 3#Trading #Option's👑TrendTalk👑Topic - Chart-pattern Base Trading Part 3 Do chart patterns really work in trading? In some cases, traders believe them to be reliable indicators, and plenty of performance percentage claims online support that assumption. A study by Michael Kahn indicated that chart patterns exhibit a degree of accuracy in predicting price reversals, attributing an 89% success rate to the head and shoulder pattern. Which chart pattern is best for trading? 11 chart patterns for trading Symmetrical triangle. Flag. Wedge. Double top. Double bottom. Head and shoulders. Rounded top or bottom. Cup and handle.Education45:01by TrendTalk99
Bank nifty technical analysis with oi data Today bank nifty sideways data. Bank nifty range for today 47350-48000 If 47350 break and sustain and ata turn negative then we think to sell. Now in this range no trade today No trade is also good tradeby hitendrakulUpdated 2
BankNifty levels - May 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 at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!by sacxe5
Bank Nifty Daily Chart Analysis Bank nifty is consolidation for a long time in a symmetrical triangle and ready for breakout.by Bornstar_Trader2