If we are breaking 44100 then can initiate a good RR TradeIf we are breaking 44100 then can initiate a good RR Trade. keep the levels in watch and trade accordingly.
Bankniftyview
Bank Nifty Trade Setup (05-June-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
For Tomorrow's Trade Setup:
1.) If opens flat and breaks Triangle on either side up or down i will wait for price to sustain above nearby horizontal resistance or support levels as they are so close to triangle breakout on upside and downside.
2.) Once if triangle break out will buy above 44060 after retesting of this resistance. If break down will short below 43715 after price retest this level.
3.) If any gap ups will look for retest of those resistance or support level and will buy accordingly or only after price action is formed.
Also price is moving between 250 - 300 level from 43715 to 44060. and above this it isn't able to hold if there is no clear trend and keep moving between this range will look for buying near support and sell near resistance.
Stock Of the week from 5 to 9 June 23Hello Traders,
Trading this stock next week has potential to add as extra success in your trading . You just need to follow the price action explained on these marking. Just check below for complete price action. For last four years I have been continuously provide the precise predictions all on this platform to make your trading easy.
BANKNIFTY--which is Support Trendline or Demand Zone ??Observations::
Price is exactly closed near the trendline...
if trendline acts as a support we will observe bullishness again...
if price breaks the trendline and takes the help of demand zone to move up again.
We have a demand zone 43400,which is a strong demand may acts as support again.
keep watch these 2 Levels.....
1.Trendline Support or
2.Demand Zone Support.
Bank Nifty Next MovePair : BANK NIFTY
Description :
Falling Wedge
Bullish Channel as an Corrective Pattern in Short Time Frame
Double TOP
Break of Structure
S / R Level
RSI - Divergence
BANKNIFTY--Trending or Ranging??Observations::
--->>Price is in Range
Strong Resistance @44160-44080 acts as strong support, will observe a trending Bullish Expiry.
If the same again acts as Resistance will observe Trending bearish expiry, if all this wants to happen price has to break 44250-44200 level. otherwise again range bound.
------>> Facing resistance in the zone 44460 Yesterday showing some bearish pressure
,and today price again closed in the same zone.
price is taking the support @44250-44200 range.
If this range is broken, we can expect the bullish gap be filled, pullback is needed.
After finishing the gap, if the support zone @ 44250-44200 is acting as a resistance,
Tomorrow is expiry, if price again rejected by 44160-44080 zone,
price strongly fall until 43400 keep look at this level.
If the same zone acts as support again will observe a new bullish momentum.
we don't have a clear Targets and stop loss points, above All time High, so taking trades without confirmation is risky.
Note::
Clearly we have previous strong resistance @44160-44080 level,
If acts as support will go for buying up to 44250, 44450 only, above that we don't have any obstacles to resist.
But keep in mind key level @44250-44200, if this level rejects, then only fall may happens.
Price is ranging in 300 points only.
BANKNIFTY--Fakeout or Breakout ??Observations::
----->> After breaking the trendline, price tested the Resistance zone,
price is fall from resistance but not able to break the last HL, @ 43400 Level.
Again a strong buy ness is observed from these level.
Price is in consolidation @ Resistance and Support and not able to break any previous higher low, and previous Higher High
now its clear showing strong bullishness, we are still in bullishness its confirmed + In Bullish consolidation
between the Support and Resistance.
see the below picture,
If it's a Rally--Base--Rally, we will go for buying up to 45000
we have 2 possibilities,
If price breaks HH @44150 levels, Breakout happens and price falls immediately below the 44150 levels is may happens,
called fake breakout.
If price consolidate between Supply zone 43900-43850 @ and supply zone @44080-44150,
and breakout happens consider it as a fake out and we wait for the break out.
If price comes below to these levels, @43650 demand Zone and 43400 demand zone,
if price consolidates in these two zones and gives us a breakdown will wait its a fake breakout or breakdown possibility.
we have to check all these conditions in Range bound market.
In between we have a common point zone @43800-43850 that will back to the supply zone again.
The same zone @43800-43850 will pushes the downside as well.
All these are range bound Scenario's, look @ all these possibilities.
Banknifty Banknifty open with gap up and close near the opening.
Buy above 44480.
Sell below 44300.
Important support and resistance on chart.
Bank Nifty levels and analysis of Banking stocks Hello friends,
Levels of Bank nifty and some of major banking stocks for monday.
Stock of the week trading Idea 29 to 02 june 23Hello Traders,
This stock of Bharti Airtel is picked for your trading with the purpose of adding some value in your earning. For this you need to understand both part of my predictions in form of marking that you are watching and predictions, how to use them by checking below .
Bank Nifty Trade Setup (26-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup.
Picture is worth a thousand Words as from the chart Bank Nifty is moving between 751 points from 11th May and if traded with patience and with proper trade setups one can make profits.
This will be my Trade Setup for Tomorrow:
From price action we can see price is moving in Horizontal Channel and Today it made lows and took support near same zone which is previously tested as long as price don't don't this zone we have to trade within this range of 770 points. Setup will be
1.) If it opens flat nearby support is 43633 if it sustains this support on 15 mins then will look for CE Buy for nearby resistance which is placed at 43756 and then 43830.
2.) If gap down will look for price to take support at same support zone where it took support today or it's same as Today's low. and will take CE Trade from that level.
3.) If opens gap up then i will look at resistance which is 43756 and 43830 then i will look for PE Trades for nearby support zone or CPR levels.
Views are on long trade if it respects this channel.
maybe we can see break above this channel on last monthly Expiry :)
Hit like to keep me motivated for keeping my trading journal also if you can help as Trading View is holding rewards if Ideas or Script can be listed in Editor Picks :) . also one can comment how i can make it better or any improvements i can make in my trading setups or improving this journal.
#Banknifty Monday scalping levels #Banknifty Monday scalping levels, bullish view above 44077. If any 15-minute candle closes above 44077, wait for a retracement or enter directly on a strong bullish breakout candle. 100 to 300 points can get easily .
BANKNIFTY@ Breakout or Consolidation??observations::
--------->>Price is still in the range only, 44200- 43600 range only. we cannot predict the next momentum until price breaks this range.
------->>until keep in the buy side from 43400 and sell side from 44200 levels.
Use the principle range bound market, buy @ support and sell @ Resistance.
If we see the same chart in different way it looks like this,
Broken the trendline and retest of the trendline and falls below the resistance.
again rise from the support @43400 levels.
Until price breaks out of the range, we can clearly consider the BANKNIFTY is bullish in higher timeframes. so we are looking for buy opportunities only.
If we see clearly today price exactly closed @ resistance previous support may acts as resistance, and if price falls to below levels @43400 again will go for buying, because price is in range, for target of 44200 only.
if price breaks and gives retest will go for sell. Fake breakdowns and fake breakout may also happen.
26/05/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Flat is going to open
After A Flat opening if Banknifty sustain Above 43700 and taking Support from 43700 then open target for T1-43900,T2-44000,T3-44100
If the Banknifty after a Flat opening sustain Below 43700 and taking resistance below 43700 then the open Targets for T1-43600,T2-43500,T3-43400
Major Levels 43600,43500,43700
Sell only below 43700, for Call option writers onlyPrice may see some dip if it failed to sustain above 43700. this setup may best fit for call writer and not a option buyer.
BANKNIFTY--Breakout or Breakdown ??------>> Finally the trendline broken strongly, after a long time.
-------->> if price again wants to test the Resistance or continue to fall down.
price is exactly closed in the demand zone, stronger one, actually its supply zone acts as demand.
if this acts as support price is again bullish, and will test the supply zone again, and fall back or continue to move upside.
Plan A:: Keep on the buy side from 43600 levels until it breaks. if price again breaks 43850 level and not able to go below yesterday low, we will be on buy side for target of 43950 and 44040 and 44160 level.
plan B::
If price falls below demand zone, we will sell on retracement.
Plan C:
If price reaches the All time high again, we will go for short with confirmation only. if again price fall below 43950and takes the support @43850 pushes the price up, then sell @43950 zone.
Plan D::
Price may consolidate between the Supply zones moves up breaking the all time high.
25/05/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above 44000 and taking Support from 44000 then open target for T1-44200,T2-44400,T3-44500
If the Banknifty after a Gap-Up opening sustain Below 43600 and taking resistance below 43600 then the open Targets for T1-43400,T2-43200,T3-43000
If the market remains in the range of 43600 to 44000, then it is possible that even today the market will remain in the range.
Major Levels 44000,44100,43500
BankNifty Top Down AnalysisDear TV Family Members, It’s been a while I have published any idea’s, been occupied for a while hope you all don’t mind.
Bank Nifty looks range bound between 44095 to 43757. Reason being on 5 min chart observed bullish shark harmonic pattern completed & in play, Bullish Gartley XAB completed.
Points as per TA observed on a 15 Min chart:
1. Bullish Shark Harmonic pattern completed as per chart below, Min target would be 43995.65 & Max target would be 44067.65.
2. Bullish Gartley XAB Completed as per below chart, If Price gets rejected anywhere between 43995.65 to 44067.65 then the pattern is still valid. If price crosses above X-A leg (44095.25) then pattern gets invalid.
Targets & SL provided in chart and screens for different time frames.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice (Non SEBI registered). So, please do your own DD (Due Diligence) before any kind of investment”.
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BANKNIFTY--Case1 or Case2 or Case3??The yesterday supply zone clearly resisting the price to down, after breaking the supply zone price reached the demand zone that form today.
clearly the price is bullish again, still no sign of bearishness in the BANKNIFTY.
Consolidation + Downside movement = Bullish again
All the banking stocks are near its supply zone, SBIN,HDFCBANK @ Demand zone, Axisbank at Supply ready to test, ICICI In bullish channel,
witness clearly in buyside, let's see what happens tomorrow.
Case 1::
if tomorrow opens gap down and clearing demands and price again comes back to the supply we will go for sell in bank nifty.
Case 2::
If price is again bullish from demand zone, will be on buyside above supply zone candle, it may reject again, until all time high.
Case 3::
if price rejects from supply zone and not able to go below demand again buyside until ATH.
This Post is Helpful Pls Like It, It give me Motivation. Thanks
Bank Nifty Trade Setup (23-May-2023)As posted yesterday price is consolidating between 700-800 Points near ATH Level.
From price action Its moving in Lower Highs and Higher lows forming symmetrical triangle pattern breaking this pattern on either side can give 200-250 points for the levels of horizontal resistance also ATH on upside and horizontal support at 43550 levels.
For tomorrow Setup i will look for following :
1.) If Opens flat will wait for break of this triangle pattern and on which ever side it break will trade accordingly for target of Support or Resistance levels.
2.) If opens gap up will check if it retest this pattern and if sustain the Gap i will look for buying for target of ATH which will also be partial booking or full booking as per my time for it.
3.) If opens gap down will follow the same check if it retest triangle pattern if doesn't sustain will buy PE for target of support level. if price sustain above triangle lower trendline i will look for buying with first target of Triangle upper trendline.
This will be my personal trade Setup, This is not an advice of any kind to trade for anyone.
Hit like to keep me motivated for keeping my trading journal. also one can comment how i can make it better or any improvements i can make in my trading setups.
BANKNIFTY--Weakness in Demand Zones??Observations:
What is the sign of weakness in demand zones ,is this a reversal is going to happen in BANKNIFTY.
Until one of the demand zones gets broken we cannot expect a reversal in bank nifty , it has to break strongly, and has to reverse for test again.
until don't expect a reversal. Hope this expiry is in Rangebound.
Look at demand zone created @43500 move is strongly, when its tested again strong but not as strong as previous.
Every demand failed to create high also. purely failed demands.
Now look @ 43800 clearly weak one, if we observe a strong supply that breaks demands then only expect a reversal mechanism works.
Until wait.
