bank nifty at supply zone .bank nifty at supply zone if price faces rejection we can see an down ward moment
BANKNIFTY trade ideas
BEARISH FLAG IN BANK NIFTY - TIME FOR A SHORT TRADE ?Symbol - BANKNIFTY
CMP 51350
BankNifty has turned its trend from bullish to bearish & sideways making lows - lows on daily time frame & It was trading in a bearish channel. We can see a Bearish Flag pattern getting formed in BankNifty. Such patterns on larger time frame don't usually fail. BankNifty is currently trading near break down trendline of this pattern. Breakdown & sustaining below this trendline zone 51150 - 51000 will get this pattern activated & we can see big target towards downside.
Target on downside can be 47400
P.S. : My short position is already active from 51800
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Bn range before clear signalsBank nifty range - 52500-51500 , in the short term before any clear progress or breakout
#Banknifty directions and levels for November 27th.Bank Nifty Current View:
Bank Nifty has a similar sentiment to Nifty. If there is an initial market decline, we can expect range market continuation between the previous high and the downside demand zone.
Alternate View:
The alternate scenario suggests that if the market sustains the gap-up, it could reach 52680, which is a major resistance. After the rally, if it rejects there, we can expect a minimum correction of 23% to 38% in the minor swing. On the other hand, if it sustains or breaks this level(52680), then the rally will likely continue.
BANKNIFTY Levels for November 27, 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.
Bank nifty trades and targets - 27/11/24Hello 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. The zones marked in blue are previous resistance and support so book profits at these zones. 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.
BankNifty Intraday Support & Resistance Levels for 27.11.2024On Tuesday, BankNifty opened with a gap-up at 52555.50, which was also the day's high, breaking above the supply zone. However, it couldn’t sustain the momentum and dropped to a low of 51999.75, closing at 52191.50, down by 16 points from the previous close.
The Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways. The Demand & Supply Zones are unchanged from the prior analysis.
Demand/Support Zones
Near Demand/Support Zone (30m): 51040.05 - 51271.50
Far Small Demand/Support Zone (15m): 50609.75 - 50824.55
Far Support: 49282.65 (61.8% FIBO Level)
Far Demand/Support Zone (Daily): 44633.85 - 45750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (Daily): 51294.20 - 52493.95 (current price within this zone)
Far Supply/Resistance Zone (Daily): 52817.80 - 53235.25
Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35
BANKNIFTY Hourly | Nov ExpiryBank-nifty seems to be complex corrective mode.
These are difficult price action to trade and are better to avoid.
Anyway, as shown in chart. It seems weak and become more weaker on Tuesday low break. We will observe Price action near the target and be aware of potential reversal signs.
Disclaimer: For entertainment and educational purposes. Not a buy/sell recommendation.
Bank Nifty Simple Analysis!!Bank nifty after a gap up opening failed to break daily trend line resistance arround 52300. tried to touch 52600 on 26th nov morning but later on failed traded sideways rest of the day but still shows strength on buy side from bottom.
Possibilites for tomorrow :
Pin 1 : open on trend line support and try to reach the previous high
pin 2 : open on trend line and failed to broke the resistance at 52300 approx then steep down
Pin 3 : open below trend line and retest and go down
Support : 51760,51280
Resistance : 52350, 52620
#banknifty - 27th November!!NSE:BANKNIFTY
Observe the chart, understand the chart, then implement the chart.
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.
BANKNIFTY can show new ATH if sustained above 52500…? As we can see BANKNIFTY got rejected exactly where we expected it to get rejected and remained sideways to negative and it could continue for upcoming days until it breaks and sustains above 52500 levels which could show new ATH so plan your trades accordingly and we may see volatility here leading to multiple fakeouts.
BANK NIFT November Closing likely between 51353-51500Bank Nifty has formed clear Demand and supply Zones astride 0.618 and 0.236 Fib retracement levels with the Zone of 0.5 and 0.382 acting as a Pivot.
Going by the pattern, the November monthly closing seems to be in the range of 51353-51500 Zone.
VIEW ON BANK NIFTYBuy zone: 51900-52100
Target 52200/52300/52400/52500/52600
Stop loss 51800
Sell zone: 52500-52300
Target 52200/52100/52000/51900/51800
Stop loss 52600
I am just representing my views
For educational purposes only.
Banknifty Intraday Analysis for 26th November 2024NSE:BANKNIFTY
Index closed near 52205 level and Maximum Call and Put Writing near CMP as below in current Monthly contract:
Call Writing
53000 Strike – 25.07 Lakh
52000 Strike – 20.41 Lakh
52500 Strike – 19.08 Lakh
Put Writing
51000 Strike – 25.50 Lakh
52000 Strike – 19.87 Lakh
51500 Strike – 18.66 Lakh
Index has resistance near 52500 – 52600 range and if index crosses and sustains above this level then may reach near 53000 – 53200 range.
Index has immediate support near 51650 - 51550 range and if this support is broken then index may tank near 51100 - 51000 range.
LEVELS FOR BANKNIFTYSo Guys,
Here are the levels for the BankNifty Monthly Expiry on 27 Nov 2024 (Wednesday). So please Consult your financial advisor before placing any trade or for any Buy/Sell.
And also tell me do you guys need these analysis daily for every expiry or near expiry index or for stocks also. Please let me know in the comment section.
Thank You,
Your's Truly
Anup Jha
BankNifty levels - Nov 27, 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!
Bank Nifty IndexThis is educational purpose only, consisting of Stock market views
based on price action, Elliott Wave & Fibonacci. Views expressed here.
are not for investors/traders.
Do your own due diligence before investing/trading.
This information or publications are not meant to be, and do not constitute,
financial, investment, trading, or other types of advice or recommendations.
BANK NIFTY INTRADY LEVELS FOR 26/11/2024BUY ABOVE - 52270
SL - 52060
TARGETS - 52450,52600,52800
SELL BELOW - 51800
SL - 52060
TARGETS - 51500,51300,51000
NO TRADE ZONE - 51800 to 52270
Previous Day High - 52270
Previous Day Low - 51800
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 👍
Bank Nifty is Ready for the Pain How's the Josh Traders :)
I Hope Nifty Analysis May have Saved you with the Bull Trap ...... BUT...
ITS TIME FOR BANK NIFTY.
Bank Nifty is forming Head & Shoulder Pattern and Again Getting ready for a Fall.
Bank Nifty is Slowly Moving towards 48000-46000 Levels(Wave C will be completed in this Level)
So Get Ready Traders we are ready for a Fall Again
We might see the Fall coming soon, So be ready.
NOTE : THIS IS FOR EDUCATIONAL PURPOSE PLEASE ENSURE WITH YOUR FINANCIAL ADVISOR FOR ANY TRADE QUERIES
HAVE A PROFITABLE DAY TRADERS
#Banknifty directions and levels for November 26th.Good morning, friends. Sorry for the delay.
Structurally, there is a bullish market; however, the momentum is currently decreasing.
> What does this indicate? It suggests a slight consolidation between the immediate resistance and the downside demand zone. A solid rally will occur only if it breaks the immediate resistance with a potential breakout; otherwise, it won't rise significantly.
BANKNIFTY Levels for November 26, 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.
BANKNIFTY: INSTITUTIONAL LEVELS FOR 26/11/2024Overview
This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets.
Key Strategy Guidelines
Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning.
Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions.
ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk.
System Explanation
This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach.
How It Works: Entry/Exit Signals
Blue Line : Signals potential long entry.
Red Line : Indicates potential short entry.
Tip : Align these signals with additional confirmations from your trading strategy for optimal performance.
Stop Loss and Take Profit Levels
Stop Loss:
Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line.
Short Trades : Use the blue line above as the stop loss.
Take Profit:
Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit.
Short Entries :Target the next blue line below following similar guidelines.
Timeframe Recommendation
This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision.
Risk Disclaimer
Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance.
Join the Community Discussion
Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders.
Original Content
This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
