BANKNIFTY Trading Strategy for 15th May, 2024 | Expiry TradeNSE:BANKNIFTY Trading Strategy for 15th May, 2024 | Bullish Reversal confirmed.
✅ Breakout from lower end of rising channel at daily chart.
✅ Breakout from Falling wedge patter at 15 min Time Frame
Trading Strategy :-
✅ Initiate CE trade if Banknifty crosses and sustains (min 30 mins) above 48000 - 48070
✅ Target - 48258/48461
✅ Initiate PE trade if Banknifty crosses 47800-47750
✅ Target - 47607/47429/47099
Look at the chart for more information
Do share your thoughts on the analysis. Lets decode the charts together.
BANKNIFTY-TRADE
BANKNIFTY--Will Touch ATH ??Observations::
The Banknifty index is showing selling pressure in ths zone @43900 level...
but failed to take the price below yesterday's supply zone @43700 levels.
until price breaks this level and retest don't think of short again...
False breakdown may also happens....don't go for short until price breaks 43600 level. It may again reverse...
if we see the chart, price respect the demand zone @43400 and will again moving upwards...
on top we have strong resistance levels @44100-44200 level...
if price consolidates between these 2 levels and will gives us breakout...
if price consolidates between 44100-44200 level and moves upward..
we have strong fall area 44350 level,may push the price downwards again but area of value @44100-44200 will again push the price upside...
so consider it as a pullback to 44100-44200 level.
Again price is also near its trendline breakout...
BANKNIFTY--PlanA Or PlanB Or PlanC ??Observations: NSE:BANKNIFTY
price is clearly in a range between the demand zone and supply zone. its clearly a range bound market.
we are still in the uptrend only, in bank nifty ,no sign of bearishness in the market at all time high also.
price broken the demand zone at 43950,closed above the demand zone. and tested the supply zone forms at 44120 levels.
now we cannot decide the momentum of the bank nifty until further price action is to be identified.
If supply zone breaks and showing some sign of bullishness,
we need to aware that at ATH we can expect a falls breakout moments as well @44150 levels.
price showing bearishness but it will not create any fresh lows.
until it creates a fresh lows keep in the same direction of market trend.
Note::
price is below Supply zone,
price clears demand zone, as per the trend we need to listen to market momentum, its clearly in uptrend.
Price at any moment can its change its direction from bearish to bullish, as higher time frame is bullish.
Plan A:: Breakout continuation
Plan B: Fake Breakout.
Plan C:: Gap down and reversal to supply zone and falls back.
BANKNIFTY-Which is Support Trendline or 43000 ??Observations:
-----> After Strong breakout from 43000,price opens gap up means buyers want to take the price to higher levels.
------> Gap up + Consolidation at 43500 is observed. price is moving downwards, means price wants to go upside test of demand zone at 43000 breakout.
-------> If it is a false breakdown at 43350 level, and price moves again upside, look for sell at 43500/43600 level false move to upside may be happens.
-------->If trendline or 43000 acts as a support , chances are more for breaking the strong resistance at 43600 and reach the price towards 43850-43900.
BANKNIFTY : on daily supportBANKNIFTY closed is near major daily support level. Once it break we may see next daily support in coming days.
Levels of daily, hourly & 15min timeframe marked on chart for today. Follow Price action & trend
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
BankNifty Trade Setup Idea 5-9-2022 BankNifty has closed strong last week.
Banknifty and Nifty look bullish in the weekly chart.
Based on the current condition, we are looking at the following:
1. If a 15 minutes candle closes below 39000, we can go short. 39000 is an important level. FOr this level to break, the price needs to first break the trend line around 39300 levels
2. If a 5 minutes candle closes above 39500, we can go long with a short term target around 39650 - 38700 levels. If the price moves beyond that, then Banknifty could easily go to 40000. Note: the resistance at 39550 is not so strong since it has already been tested twice.
BankNifty Trade setup Idea for 1 September, 2022Banknifty closed suuuper bullish on 30th August.
Which brings the following possibilities.
1. The market opens with a gapup, say 300-400 points higher. On which case, we could see some profit booking immediately and then there could be a consolidation.
2. Market opens between 39400-39550 levels, the market could build momentum and push higher to about 39900 levels and then consolidate in that range.
3. Market gaps down, say to 39200 level, which could cause a panic and cause continued selling, causing the market to reach 38800-38900 levels.
Bank Nifty Analysis for 07/02/2022HI EVERYONE,
This is bank nifty trade setup for 07/02/2022
Trading Range
FLAT Opening = 38600-38900
Buy Call Above = 38900(take profit up to first resistance and book half qty and trail sl )
Buy Put Below = 38600(take profit up to first support and book half qty and trail sl)
Union Budget with a hammer in #bankniftyDhyaanpurvaak starakata!!
As we know sharing is caring, so I'm sharing my thoughts here!
This is like the third time I've seen a hammer above a average, that designates either of one, either a sideways or a huge pull up like 400 points or sideways and down, most likely tommorow is a golden days for buyers,a complete down market and within Friday we can expect market to go to 38254. I am keeping a positive note nd not both sideways so i would likely do that.
Mera idea achha lagta hai to please like and also sub my YT.
MARUTI 27 JAN 22 CE 8200 BUY @ 196 & TARGET @ 210Dear Target,
MARUTI 27 JAN 22 CE 8200 BUY @ 196 & TARGET @ 210
Many people made huge profits last week and as per my predictions , the market was running same direction and entry and exit strategies where bang on target.
Dear traders kindly follow our signals for maximum profits,
our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
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BANKNIFTY SUPPORT AND RESISTANCE LEVELS FOR 29 NOVEMBER 2021BANKNIFTY ANALYSIS For 29-NOVEMBER-2021 09:30 AM Live Intraday Calls, Predictions, And Market Analysis
🤑🤑 TRADE SETUP FOR BANKNIFTY🤑🤑
👉BUY BANKNIFTY ABOVE 36400 WITH STOPLOSS OF 36122 AND TARGET 36800, 37215
💥💥HIGHT RISK BUY @ 35020 WITH STOPLOSS 34780 AND TARGET 35579, 36122
👉SELL BANKNIFTY BELOW 350202 WITH STOPLOSS OF 35339 WITH TARGET 35614 AND 37000
✅ BANKNIFTY SUPPORT AND RESISTANCE LEVELS
SUPPORT 1 - 35339
SUPPORT 2 - 35020
SUPPORT 3 - 34668
RESISTANCE 1 - 35610
RESISTANCE 2 - 36122
RESISTANCE 3 - 36593
#BANKNIFTYOPTIONS TO WATCH
2 DEC 36000 CE
2 DEC 35000 PE
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🔎 DISCLAIMER 🔎
NOTE: THIS VIDEO IS FOR EDUCATION PURPOSES ONLY KINDLY USE YOUR KNOWLEDGE AND STRATEGIES TO TAKE OR INITIATE A TRADE.
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