BankNifty Crashes Through All Targets – Bears in Control!BankNifty 15m Timeframe Technical Analysis:
On the 15-minute timeframe, BankNifty has completed a spectacular short trade, smashing through all targets with strong bearish momentum. Price plunged well below the Risological dotted trendline, confirming the continued downtrend.
Key Levels:
Entry: 51,620.00
Stop Loss (SL): 51,700.75
Target 1 (TP1): 51,520.15 (Done)
Target 2 (TP2): 51,358.60 (Done)
Target 3 (TP3): 51,197.05 (Done)
Target 4 (TP4): 51,097.20 (Done)
Observations:
A sharp decline occurred right after entry, and price respected the Risological dotted trendline as resistance throughout the trade.
Bears dominated the session, pushing the price lower without retracing back to the trendline.
BankNifty's steep descent through all target levels underscores the market's bearish sentiment. With all targets achieved, traders may look for further downside potential or await signs of reversal.
Bankniftyintradaylevels
BankNifty 24-OCT-2024 Intraday Levels, Sell Trend in BankNifty BankNifty tried to go upside and respected that resistance level which we identified yesterday as per the price movement.
It reversed, and keep trading near bottom level.
BankNifty took pause today in daily time frame and can continue tomorrow and become trending.
We can sell when 5 min candle close below 51150 price.
Note : Its just an analysis, wait for the price to confirm.
Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
Bank nifty Analysis for Tomorrow 23/10/24Bank nifty Analysis for Tomorrow 23/10/24
Here are the Levels for Bank nifty Using Trendlines, technical analysis or Fib level
For Options Traders(Specially Buyers)
My humble Request with you pls Do trade After 2pm for less Brokerage and Taxes and More Profit.
To Become a Profitable Option Buyer pls Come For trade after 2 pm.
BankNifty Levels for Intraday 23 Oct 2024 Selling TrendToday BankNifty closed below the Trend line / Channel of Daily Timeframe which was started in January which is a sign of trend change and price may go more downside.
As per the today price action (lower low and lower highs) the selling was continue after each rise,
So as per the price action and trend change price is indicating sell on rise market.
So for minimal risk and better risk:reward if price starts moving upwards and taking reversal near 51500, then we can enter for sell trade.
Otherwise if any candle close below today closing price(which act as immediate support/resistance) 51250, then we can also enter for sell trade.
Note : Its just an analysis, wait for the price to confirm.
Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
BankNifty Levels for Intraday for 22 Oct 2024BankNifty is trading between support and resistance zone but it is still in bullish channel so trading on buy side has high probability.
We can go long when price starts reversing from 51850-51900.
Trade only when price comes to support zone for good risk to reward and high probability.
Note : Its just an analysis, wait for the price to confirm.
Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
BankNifty Trading SetupBankNifty has been trading within a 400-point range since Monday, Tuesday, and Wednesday, sustaining near its all-time high (ATH). If BankNifty crosses above 54,200 on Thursday and holds above that level for at least 15 minutes, our first target will be 54,400, and the second target will be 54,600.
This is for educational purposes only. We are not SEBI registered.
BankNifty Today: 2900+ Points Profit Caught on RisologicalBankNifty Today: 2900+ Points Profit Caught on Risological Swing Trader
This is unbelievable!
BankNifty 2900+ Points one side move caught.
We got a confirmed entry at 51,230 and there is no looking back.
Our last take profit target was at 52,147, closed partially on TP4 and continued to hold the other partial position that is currently at 2900+ massive MASSIVE profit!!
For people who have been sending me DMs asking the indicato'r name, it is a paid indicator. Please Google - Risological Swing Trader.
Best regards,
Namaste!
BankNifty 2300+ Points! MASSIVE MOVE Caught Using RisologicalBankNifty 2300+ Points! MASSIV MOVE Caught Using Risological Swing Trader
Guys,
This is UNBELIEVABLE!!!
My biggest BankNifty trade EVER!!!
2300+ points gain in BankNifty feels like direct access to the holy heaven!
Got a clear Entry of this CE side buy trade on 12 Sep 9:15 am at 51,230 price level.
The final profit target was at 880+ points anf I was holding 50% of this position which gave me a whopping 2300+ points of the remaining posiion.
How did I pull this off?
- Use 15m time frame chart
- Buy the monthly contract (not weekly).
- The monthly contracts are costlier, but it pays off in times like this.
- Follow the trend using the Risological swing trader
- You can either exit on every TP levels (Take profit), or
- Close partially on each level.
- Hold 25% of the position till the price reversal happens
- Price reversal means - the candle turning red on a long trade and green on a short trade.
Hope this helps!
Namaste!
[INTRADAY] #BANKNIFTY PE & CE Levels(20/09/2024)Bank Nifty is expected to open with a gap-up today. If Bank Nifty manages to sustain above the 53050 level after opening, we could witness an upward rally toward the 53450 mark. If it breaks the 53550 resistance level, this upward momentum could extend by an additional 400-500 points. However, any potential downside movement is likely only if Bank Nifty falls below the 52950 level, which could signal bearish pressure.
Banknifty Intraday Levels: 20-Sep-24Index fill the previous Gap and move upside , important upside hurdle 53300 breakout can expect more up.
Immediate Support @52800 breakout drag price for downside.
Wait for proper price action at levels for Entry.
Bullish > 53100
Bearish > 52800
Use SL trailing method instead for secure profits.
Bank Nifty Podcast 17 Sep 2024Today, only 1 trade setup was available based on Podcast Strategy.
- When the Podcast entry had come, just before that 5minute candle closed both below and above Opening Price - 52239
- The Data was -ve, and 2 departments were bullish. So again, looked at the strikes 52200 and 52300, where Put writers increased to give momentum toward 52400.
- The stoploss was hit, as call writers increased at the strike 52300.
Notes:
- Simultaneously, a selling strategy was executed based on Price Action, which gave 0.5% return on the capital.
[INTRADAY] #BANKNIFTY PE & CE Levels(17/09/2024)Today will be gap up opening in banknifty. After opening expected upside rally upto 52450 level. Banknifty will face resistance near 52450 level. Any strong upside rally expected only above 52550 level. Similarly strong downside rally only expected below 51950 level.