Vinay227

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Bank Nifty is currently stuck in no trading zone (NTZ). These areas are usually distribution or accumulation zones. whenever, it is trying to touch the upper part of NTZ then upside is expected. But, since yesterday, it is moving downside and touching lower band of the NTZ. Usually, these move means we can expect a small correction in the market. Levels for the...

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Buying Above Black SL Red Target Green Supported by Trendline

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Buying Above Black SL Red Target Green Supported by Trendline

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Buying Above Black SL Red Target Green Supported by Trendline

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As we can see in the chart, stock goes into the consolidation or creates flag and whenever it comes near 44 SMA, there is a breakout. After the fall of 47% we can see that stock is creating new swing high. We can consider each breakout as small flag and pole or look at the bigger picture and see that stock is moving in between 2 parallel lines which are...

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Everything is mentioned in the chart. Currently, trading @ 44 SMA support. Buy @ breakout from the pattern for the targets mentioned. SL below 44 SMA or 900.

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Swing Trade - Increase in the RSI Strength Morning Star at the key support Buy above black line SL Red Line Target Green Line There are people who likes to trade based on breakout or chart patterns only. But not all trades can be captured based on chart patterns and breakout trades are usually good for Intraday / BTST. Indicators and candlestick patterns can...

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Increase in the RSI and taken support at the key level. Buy above Black SL Red Target Green

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Target 750 after breakout from the traingle on the upside.

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Expected breakout in the trade above black line. Target Green Line.

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Decrease in Price Increase in RSI Drop in the volume Getting Ready for Big movement

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Buying Above Black SL Red Target Green Supported by Trendline

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Target 331, 343 & 382 SL 297 Buying with good volume at 307 along with increase in RSI

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Trade Setup for Intraday Long above 830 (Wait for 15 min candle to close above) Target 854/867 EOD Closing above 867 then go for Swing with the target of 930. Resistance at 819 then short with the target of 779 / 765.

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Many of us already know this that HDFCBANK has the highest weightage in BN calculation. But hardly anyone observe HDFCBANK S/R or even simple VWAP, while trading in BN options. If you observe closely then you will realize that their movement is almost similar and since morning HDFC bank is unable to break its VWAP which was more than sufficient sign to short BN.

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Important support & Resistance levels marked for Bank Nifty . Kindly use these levels only as Entry & Exit when market trades near these levels and is taking support or facing resistance. BN managed to close above resistance of 36850, In case, of gap-up opening above R1. We have R2 to R4 on the charts. We have few major supports on the down side. So any support...

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Important support & Resistance levels marked for Nifty . Kindly use these levels only as Entry & Exit when market trades near these levels and is taking support or facing resistance. Trade with the trend only. Don't go against trend. Remember, "Trend is your friend, until it bends".

Vinay227 Updated 

Important support & Resistance levels marked for Bank Nifty. Kindly use these levels only as Entry & Exit when market trades near these levels and is taking support or facing resistance. Also, BN was creating Lower Highs and higher Lows, which is an indication of down trend. Watchout for Breakout/Dreakdown. Focus on Today's Low and Pivot line. They both are very...