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BANKNIFTY

exide updateIt seems that exide industries has completed a sequence of the 5 wave upside (terminal impulse) and we are correcting against these 5 wave completed. As the terminal impulse has a quality that it may retrace to 60-78% of the upside move, a rectangle is placed for the correction completion indication, the longs may be initiated in the rectangle area, we will then start a wave 3 upside. This is an update to the earlier published idea. this is not a buy or sell recommendation and is to be considered as an educational idea.
NSE:EXIDEIND
by imkhushal
BankNifty Drops! TP1 Hit as Short Trade Gains MomentumOn 17th October, BankNifty presented an opportunity for a short trade following an indecisive first 15-minute candle. The second 15-minute candle provided a clear bearish signal, prompting us to enter the short position at 51615.15. The price has already reached Take Profit 1 (TP1), confirming the initial strength of the bearish move. Key Levels Entry: 51615.15 – The short trade was initiated here after confirming the bearish momentum. Stop-Loss (SL): 51823.35 – Positioned above recent resistance to protect against potential reversals. Take Profit 1 (TP1): 51357.75 – Already achieved, indicating a successful start to the trade. Take Profit 2 (TP2): 50941.30 – The next target as the downward momentum continues. Take Profit 3 (TP3): 50524.85 – A further downside target if selling pressure holds. Take Profit 4 (TP4): 50267.45 – The ultimate target, signaling a significant decline if the trend persists. Trend Analysis The price has moved below the Risological Dotted trendline, confirming a strong bearish trend. With TP1 already hit, further downside movement appears likely as sellers remain in control. The short trade on BankNifty has made a solid start, with TP1 at 51357.75 already reached. The bearish trend suggests that the next targets could be met as momentum remains in favor of the sellers.
NSE:BANKNIFTYShort
by ProfitsNinja
BANK NIFTY - Potential Bullish Move on Bullish Harami Formation On the daily chart, a Bullish Harami pattern has formed, signaling a potential reversal after the recent downtrend. Here's my plan for this setup: Entry: I'll be waiting for a 15-minute candle to break above the Entry Zone (51,784.80) . The high of that 15-minute candle will be my actual entry point. Stop Loss: If any 15-minute candle closes below 50,194.30, I'll exit the trade to protect capital. Target 1: 52,604.95 (First resistance) Target 2: 53,375.30 (1:1 risk-reward) Target 3: 54,965.80 / 54,840.50 (Major resistance area) I'm watching for a breakout above the entry zone, ideally with strong volume for confirmation. The key here will be holding above the entry zone and making progress toward Target 1. If that happens, I’ll evaluate momentum for potential continuation toward Target 2 and Target 3. As always, managing risk is crucial. If the price closes below the stop loss level on a 15-minute candle, I'll close the position. Let’s see how this setup plays out! Disclaimer: This is not any financial advice, and for education purpose only.
NSE:BANKNIFTYLong
by gupshupblog
BankNifty Long Trade on 15m Time Frame: Strong MomentumWe entered a long trade on BankNifty at 51155.90 on the 11th of October at 2:30 pm. The price has shown solid upward movement, and we have now set a trailing stop at 51,250 to lock in gains as we aim for higher targets. Target Points: TP 1: 51248.60 (hit) TP 2: 51398.65 TP 3: 51548.70 TP 4: 51641.40 Trailing Stop: 51,250 Stop Loss (SL): 51080.85 The bullish trend remains strong, and we will continue monitoring the position for further developments as it approaches the remaining targets.
NSE:BANKNIFTYLong
by ProfitsNinja
BANK NIFTY INTRADAY LEVELS FOR 10/10/2024BUY ABOVE - 51340 SL - 51160 TARGETS - 51600,51820,51990 SELL BELOW - 50920 SL - 51160 TARGETS - 50600,50300,49930 NO TRADE ZONE - 50920 to 51340 Previous Day High - 51600 Previous Day Low - 50920 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 👍
NSE:BANKNIFTY
by Jagadheesh_JP
9
BANK NIFTY INTRADAY LEVELS FOR 09/10/2024BUY ABOVE - 51340 SL - 50920 TARGETS - 51650,51820,51990 SELL BELOW - 50920 SL - 51160 TARGETS - 50600,50300,49930 NO TRADE ZONE - 50920 to 51340 Previous Day High - 51340 Previous Day Low - 50300 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 👍
NSE:BANKNIFTY
by Jagadheesh_JP