BANKNIFTY1! trade ideas
📊 #Banknifty Intraday Levels For Tuesday 23-8-22NSE:BANKNIFTY1!
📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas.
If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and stop loss can be below that support line or that reversal candle's low whichever lower, same way if any candle getting resistance from any resistance level and if one can find reversal candle for short over there then one can short below that candle and stop loss can be that resistance line or that reversal candle's high whichever higher. Even one use their own trade setup with these levels. Everyday levels are different and same way the candles which going to be formed on support or resistance can be different, so cant say here perfect numbers to buy or sell or stop loss. Hope one can understand that better to trade with own wisdom in live market, even check future chart as well for better profitable trade.
✅ Check out Previous day's levels for efficiency of Our intraday levels.
📝 If anyone facing any issues or not understanding anything than please ask your doubts in comments.
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**whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
BankNifty 22/08/22BankNifty was weak on Friday. There are 2 possible moves today:
1. Friday's fall can be temporary retracements and after gap down today, it will fill gap till 38500-300 and reverse from there
2. 38500 level is good support, so after gap filling, it doesn't reverse, it will go down till 38000. NSE:BANKNIFTY1! NSE:BANKNIFTY
📊 #Banknifty Intraday Levels For Monday 22-8-22NSE:BANKNIFTY1!
📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas.
If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and stop loss can be below that support line or that reversal candle's low whichever lower, same way if any candle getting resistance from any resistance level and if one can find reversal candle for short over there then one can short below that candle and stop loss can be that resistance line or that reversal candle's high whichever higher. Even one use their own trade setup with these levels. Everyday levels are different and same way the candles which going to be formed on support or resistance can be different, so cant say here perfect numbers to buy or sell or stop loss. Hope one can understand that better to trade with own wisdom in live market, even check future chart as well for better profitable trade.
✅ Check out Previous day's levels for efficiency of Our intraday levels.
📝 If anyone facing any issues or not understanding anything than please ask your doubts in comments.
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take charge of your own trades
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**whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
BANK NIFTYImportant Levels for 22/08/2022.
One day of brutal selling and we engulf 3 days in one move. The big sellers are now concentrated in the reference zone of 39460-39670 and likely to sell again when the price reaches here again making it a great place to go short again.
The nearest resistance area is between 38990 and 39210 and advised not to take any position as long as the price stays in this zone.
Fresh shorts with 50% position size can be taken with a candle close below 38825 with SL of 60-80 points and rest quantity be added when the price breaks 38680 for targets of 38400,38250 and 38120.
A big gap down open and we can expect to see the previous buyer zone 38250-38400 to act as support.
#BankNifty possible to sell#BankNifty index opened negative and moved low 38862
but it has hold below 39000 zones
and remained negative most part of session.
Now we can sell around 39200 and TGT 38800 SL:LIVE
and if it trade above 39500 we can wait for
next entry point.
Short on bank nifty
NSE:BANKNIFTY
The index is daily resistances
T HE FRIST target is 38000 and final target is 36800 .
Also here is mother candle at a daily candle which indicates weaknesses
This is for educational purpose
BANKNIFTY FUTURES 22 AUGUST 2022BANK NIFTY had no strong supply zones above, but turned bearish due to broader market sentiments and followed nifty, i have given all levels and zones and channels to follow. Kindly watch carefully the zones to trade.
BANK NIFTYImportant Levels for 19-08-2022.
First half the sellers got the control after a long time but the force with which the byers fought back was the thing to look for. The index is super bullish and the next major levels to look forward to is the reference zone of 39985-40085 an till that there is no stopping the index.
The largest volumes in the up move post 2pm are concentrated in 39690-39740 and that can act as a support zone and dips can be bought till here, below it the next support area will be at 39490-39560 areas.
Will avoid shorts for the time being.
📊 #Banknifty Intraday Levels For Friday 19-8-22NSE:BANKNIFTY1!
📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas.
If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and stop loss can be below that support line or that reversal candle's low whichever lower, same way if any candle getting resistance from any resistance level and if one can find reversal candle for short over there then one can short below that candle and stop loss can be that resistance line or that reversal candle's high whichever higher. Even one use their own trade setup with these levels. Everyday levels are different and same way the candles which going to be formed on support or resistance can be different, so cant say here perfect numbers to buy or sell or stop loss. Hope one can understand that better to trade with own wisdom in live market, even check future chart as well for better profitable trade.
✅ Check out Previous day's levels for efficiency of Our intraday levels.
📝 If anyone facing any issues or not understanding anything than please ask your doubts in comments.
Become an independent trader
take charge of your own trades
Learn . Apply . Grow
**whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
Banknifty Trade Setup for 19.08.22 with intraday levelsMassive movement in both direction and banknifty gave profits and hit SL on both sides. Market mood was super bearish right from the opening and people aggressively shorted right at the opening. This led to the major short covering in the first hour itself. Movement was big enough to start some profit booking which gave bears the chance to capitalise given the overall mood of the market still was bearish. The important level was the low nifty made in the first 30 mins of the opening. Once that was protected both indices shot up massively. One of the take home points is that nifty got resistance at yesterday's high. Overall banknifty is the beast. 39675 is important but fresh shorts will come only after 39557.
It would be very tough to go beyond 40000 if Nifty doesn't stay above 18000 and DOW does not sustain above 34000
Conviction bullish
Bias bullish
Trading Ideas
Long above 39700 Target 40000-40250
Short below 39500 Target 39300
>>Option buying
Long Position: Buy 40000 CE
Short position: Buy 39500 PE
>>Option Selling
Sell 40000 CE and 39000 PE set 50 point SL in both
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BANKNIFTY FUTURES 19 AUGUST 2022Bank Nifty running in an up trending pennant since 21 days, respecting all the zones in intraday and jumping all the zones on open with gap up. Hence you can always trade intraday with respect to the zones, levels and trend lines.
#BANKNIFTY buy possible#BankNifty index opened negative and moved low 39330
but it has hold above 39600 zones
and remained positive most part of session.
Now we can buy around 39230 and TGT 39600 SL:LIVE
and if it trade below 39000 we can wait for
next entry point.
BANK NIFTY Important Levels for 18-08-2022.
The way the index is behaving major moves are happening overnight and intraday ranges are too tight to aim for big targets.
The index has closed at good levels and above the surge by late buyers. The last leg of the up move today has good buyers in the zone between 39410-39440 and if by any chance we open flat or with a small gap down, we can expect another round of buying. SL can be placed at 39365 and the targets we can look to is 39500,39540.
If we open with a gap up and sustain above 39550, we can see another move till 39700 levels.
Any gap down most likely will be bought. No shorts unless we break 39260 levels and if it does we can short for targets of 39000.
BankNifty 18/08/22BanKnifty has given breakout above 39400 after 2 days of consolidation, but took rejection around 39500. Two important levels are 39500 and 39300. NSE:BANKNIFTY1! NSE:BANKNIFTY
📊 #Banknifty Intraday Levels For Thursday 18-8-22NSE:BANKNIFTY1!
📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas.
If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and stop loss can be below that support line or that reversal candle's low whichever lower, same way if any candle getting resistance from any resistance level and if one can find reversal candle for short over there then one can short below that candle and stop loss can be that resistance line or that reversal candle's high whichever higher. Even one use their own trade setup with these levels. Everyday levels are different and same way the candles which going to be formed on support or resistance can be different, so cant say here perfect numbers to buy or sell or stop loss. Hope one can understand that better to trade with own wisdom in live market, even check future chart as well for better profitable trade.
✅ Check out Previous day's levels for efficiency of Our intraday levels.
📝 If anyone facing any issues or not understanding anything than please ask your doubts in comments.
Become an independent trader
take charge of your own trades
Learn . Apply . Grow
**whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
#BankNifty possible to sell#BankNifty index opened positive and moved high 39549
but it has hold above 39300 zones
and remained positive most part of session.
Now we can sell below 39330 and TGT 39100 SL:LIVE
and if it trade above 40000 we can wait for
next entry point.
How to Play Inverse Head & ShoulderHead and shoulder is a very popular chart pattern among traders. which is a continuation pattern. Many traders get it incorrectly they try to find Head and Shoulder in an up trend and Inverse Head and Shoulder in down trend , you need to do it correctly for better results.
Here I do this analysis in three parts.
Step 1 : Previous trend should be bullish for Inverse H&S and bearish for H&S , I am sharing pictures please check this out.
Here you can see the pattern is good but the previous trend is bearish so avoiding such setups is a good choice.
and Check this setup
Step 2 : Head , shoulders and neckline should be proper I see many traders do it incorrectly, this pattern is clearly visible by itself without drawing a single line you can identify it.
Premium Advise : If you find it very difficult to identify proper head , shoulder and neckline then avoid this setup.
Step 3 : If you identified a proper setup , then wait for a breakout confirmation do not jump directly wait for closing of the current candle. The higher high closing is a good signal. Then check out the risk reward you are getting if SL is small and potential target you expecting is big (at least double compare to risk) then the trade is worth taking otherwise avoid.
BANK NIFTYImportant Levels for 17/08/2022.
Another volatile day and again no supports being broken.
The largest sellers for today are concentrated in the zone 39270-39320. Unless we close a 15 min candle above this region, my bias will be to short.
In case of a flat open, ideal levels to short will be below 39270 with SL of 39320 for targets of 39220,39180,39100 and 39000.
If we open flat and trade up, then we can go long above 39320 with SL of 39270 for targets of 39420 and 39470, if buyers still show strength we can look for 39700 as our final targets.
Any big gap up or gap down and we must wait and then take positions.
What Happened Next!!!If a stock or indices hit resistance multiple time what happened if it meet next time??? Comment Below If you know the Answer 👇
📊 #Banknifty Intraday Levels For Wednesday 17-8-22NSE:BANKNIFTY1!
📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas.
If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and stop loss can be below that support line or that reversal candle's low whichever lower, same way if any candle getting resistance from any resistance level and if one can find reversal candle for short over there then one can short below that candle and stop loss can be that resistance line or that reversal candle's high whichever higher. Even one use their own trade setup with these levels. Everyday levels are different and same way the candles which going to be formed on support or resistance can be different, so cant say here perfect numbers to buy or sell or stop loss. Hope one can understand that better to trade with own wisdom in live market, even check future chart as well for better profitable trade.
✅ Check out Previous day's levels for efficiency of Our intraday levels.
📝 If anyone facing any issues or not understanding anything than please ask your doubts in comments.
Become an independent trader
take charge of your own trades
Learn . Apply . Grow
**whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
BANK NIFTY INTRADAY LEVELSBANK NIFTY levels for intraday. As per the positions build up at these levels the view is more about BEARISH for today. Follow the levels for entry and exit levels.
BANKNIFTY FOR JACKPOT SETUP 16\8\2022buy #banknifty
ce above 39330
tgt-39500/40000
sl-39200
*=============
buy #banknifty
pe above 38711
tgt-38500/38100
sl-38800
# this setup will work in this weekend or also work whenever in this range
* gap up/down open than we will wait for market settle*
*gap up open than sell below
39200
*gap down open than plan for also sell ,already mentioned
