Bankniftytradesetup
[INTRADAY] #BANKNIFTY PE & CE Levels(15/10/2024)Today will be gap up opening expected in banknifty. After opening if banknifty starts trading above 52050 level then possible strong upside rally of 400-500+ points. 51950 will act as an immediate resistance for banknifty. Downside expected 51550 level if reversal happens at this level. For today session 51550 will act as a strong downside support. Any major downside only expected below this level.
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.
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.
[INTRADAY] #BANKNIFTY PE & CE Levels(14/10/2024)Today expected flat opening in banknifty. After opening if banknifty starts trading below 50950 level then possible strong downside expected in banknifty upto 400-500 points. 51000-51500 zone will act as a consolidated range in today's session. Any strong upside rally only expected above 51550 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(11/10/2024)Today will be slightly gap down expected in banknifty. After opening if banknifty starts trading below 51450 level then possible downside upto 51000 level in today's session. This downside can further extend in case banknifty gives breakdown of 50950 level. Upside rally expected if banknifty sustain above 51550 level in today's session.
[INTRADAY] #BANKNIFTY PE & CE Levels(10/10/2024)Today will be slightly gap up opening expected in banknifty. For today's session 51050-51450 level will act as a consolidation zone. If banknifty give any side of break today leads 400-500+ points strong rally towards the breakout direction. Strong downside expected below 50950 level.
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 👍
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 👍
BANK NIFTY INTRADAY LEVELS FOR 08/10/2024BUY ABOVE - 51000
SL - 50600
TARGETS - 51340,51650,51820
SELL BELOW - 50300
SL - 50600
TARGETS - 49930,49700,49530
NO TRADE ZONE - 50300 to 51000
Previous Day High - 51820
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 👍
[INTRADAY] #BANKNIFTY PE & CE Levels(08/10/2024)Today will be slightly gap up opening expected in banknifty. Expected opening near 50950 level. After opening it will face immediate resistance at 50950 level and there will be downside movement possible from this level. This downside can further extend for 400-500 points in case banknifty starts trading below 50450 level in today's session. Any upside movement only expected if banknifty starts trading and sustain above 51050 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(07/10/2024)Today will be gap up opening expected in banknifty. Possible it will opening near 51950 level after opening it can face resistance at this level and expected reversal downside upto 51550 level. This downside can extend for further 400-500 points upto 51050 level in case banknifty starts trading below 51450 level. Any upside rally only expected if banknifty starts trading and sustain above 52050 level.
BANK NIFTY INTRADAY LEVELS FOR 07/10/2024BUY ABOVE - 51990
SL - 51820
TARGETS - 52120,52260,52400
SELL BELOW - 51670
SL - 51820
TARGETS - 51530,51400,51230
NO TRADE ZONE - 51400 to 51670
Previous Day High - 52600
Previous Day Low - 51400
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 👍
BANK NIFTY INTRADAY LEVELS FOR 04/10/2024BUY ABOVE - 51990
SL - 51820
TARGETS - 52120,52260,52400
SELL BELOW - 51670
SL - 51820
TARGETS - 51530,51400,51230
NO TRADE ZONE - 51670 to 51990
Previous Day High - 52600
Previous Day Low - 51670
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 👍
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!!!!