Bankniftylevels
BankNifty Intraday Levels 28-Oct-2024, Selling TrendBankNifty has immediate resistance near 50985-51065 wait for the price come to near resistance Zone and enter only on reversal for good risk:reward ratio.
Bank Nifty selling trend continue keep find reversal on every rise.
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 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.
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.
BANKNIFTY Short Entry – BIG Targets Await!We’ve entered a short trade on BANKNIFTY based on a clear bearish signal at 51733.25. The setup looks strong, and we're now awaiting the targets to hit.
Key Levels
Entry: 51733.25 – Initiated as bearish momentum took hold.
Stop-Loss (SL): 52155.40 – Positioned above the entry to manage risk.
Take Profit 1 (TP1): 51211.50 – First target expected to be reached soon.
Take Profit 2 (TP2): 50367.25 – Next key level to watch.
Take Profit 3 (TP3): 49523.00 – Anticipating continued selling pressure to hit this target.
Take Profit 4 (TP4): 49001.25 – The ultimate target in this short trade.
Trend Analysis
The price is moving decisively below the Risological Dotted Trendline, confirming a strong downtrend. All indicators suggest that the targets are within reach as selling pressure builds.
This is going to be a high profit trade if it works out as per the chart. But, let's be ready for rude surprises and have the trailing stop at 51,748 in worst case scenario.
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 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.
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.
BankNifty 2200+ Points Profit AchievedBankNifty 2200+ Points Profit Achieved
Quick update about this short trade I took on 27th September, 2024
Almost 2200+ points done already.
The last two trades have been the most profitable trades I ve ever had in BankNifty.
A total profit of around 4900+ points !!
MASSSIVE!!!!
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!
BankNifty Long Trade 15m TF, 1800+ Points gains on RisologicalBankNifty Long Trade 15m TF, 1800+ Points gains on Risological
Oh man!
Look at this beauty.
Many users on TradingView message me -
"Why dont you trade in lower time frames like 1m or 5m?"
The thing is, indexes like Nifty, BankNifty and other indexes in Options trading are very volatile and no strategy can accurately work in lower time frames, unless you are a tick trader or quick scalper.
Everybody has their own style and preferences when it comes to trading.
I am more comfortable trading Nifty and BankNifty in the 15m because:
My blood pressure doesn't rise during trading the 15m time frame charts
I buy month contracts with at least 15 days to expiry, to catch the big moves like this one.
I religiously follow the Risological swing trading indicator, thus avoiding any emotional trading.
The result is in front of you!
1800+ points and counting!!
Isn't this lovely?
BankNifty 1600+ Points Gain in 7 days! Using RisologicalBankNifty CRAZZZZZY Gains using the Risological indicators.
Do I have to say a word?
Massive 1600 points gain, and still looking solid on the 15m time frame.
This is the beauty of trading the options in 15 min time frame.
Yes, you would need more capital compared to the weekly contracts.
I have been trading the Nifty, Banknifty and MidCPNifty in 15m time frame from almost 2 years now, and I have no regrets.
Some points to keep in mind using this Risological strategy:
- Use 15m time frame chart
- Apply Risological swing trader indicator
- Buy monthly contracts, that have at-least 15 days time till expiry.
- Catch big moves
All the best and namaste!