Bankniftytrend
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 : CRASH OR BULLTRAP...?According to the analysis presented in the chart, the BANKNIFTY index is currently exhibiting an upward trend on the monthly timeframe. This trend has been reinforced by a trendline that the index has successfully bounced off approximately five to six times in recent history. At present, BANKNIFTY is once again approaching this pivotal trendline, raising the question: will it repeat its historical pattern of bouncing back, or are we on the verge of experiencing a breakdown?
It's important to note that various external factors could influence market behavior. Elements such as quarterly corporate earnings reports, the outcomes of the upcoming US elections, and ongoing geopolitical tensions like the conflict in the Middle East can all have significant impacts on market dynamics. These factors could either bolster the upward momentum or lead to increased volatility and potential declines. Thus, close monitoring of these influences will be essential as the situation unfolds.
Bank Nifty Long - Riding the Wave • Technical Analysis:
• Trend Analysis: The Bank Nifty has been showing a robust upward trend, consistently forming higher highs and higher lows over the past month.
• Support Levels: The index recently bounced off a significant support level, confirming strength in the ongoing trend.
• Moving Averages: Bank Nifty is trading above both its 50-day and 200-day moving averages, a strong indicator of continued bullish momentum.
• RSI & MACD: Both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) show bullish divergences, indicating that the upward movement has room to continue.
The decision to go long on Bank Nifty was driven by strong technical signals and positive economic fundamentals. This position is intended to capitalize on the potential upward trajectory forecasted by both market sentiment and statistical indicators. I will be monitoring this position closely and plan to adjust my stop-loss and take profit points as the market evolves.
#BankNifty #LongPosition #TradingView #MarketAnalysis
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.
[INTRADAY] #BANKNIFTY PE & CE Levels(25/10/2024)Today will be flat opening expected in banknifty. After opening if banknifty starts trading below 51450 level then downside rally of 400-500 points expected. Downside 51050 level will act as an important support for today's session. Any upside rally only expected if banknifty sustain above 51550 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(24/10/2024)Today will be flat or slightly gap up opening expected in banknifty. 51050-51450 zone is consolidation area for banknifty. Upside bullish rally expected if banknifty gives breakout and sustain above 51550 level in today's session. Strong downside expected below 50950 level in today's session.
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 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.
BANK NIFTY Monthly ChartBank Nifty is heading toward its monthly trendline support from there we can see a nice uptrend rally again or if we see a breakdown of trendline we can see a good sharp fall in coming days
Bank Nifty 22nd Oct 2024All important levels, biases and trade ideas marked up on the chart. Follow on X for updates. @anup_kavi
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.
[INTRADAY] #BANKNIFTY PE & CE Levels(21/10/2024)Today will be flat opening in banknifty. After opening if banknifty sustain above 52050 level then expected upside rally upto 52450 level. Below 51950 level expected strong downside upto 51550 level and this can be extend for further 400-500 points in case banknifty starts trading below 51450 level.
BankNifty is in Bullish ZoneBank Nifty was recover itself into its channel and still trading in bullish channel near bottom of the channel.
Resistance Level is also nearby so wait for the price come to near support level for good risk to reward.
Learning : If any instrument is in bullish trend then all support act as strong support and resistance levels breaks.
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.
Nifty & Banknifty levels for 21st Oct to 26th OctNifty & Banknifty levels for 21st Oct to 26th Oct
NSE:BANKNIFTY NSE:NIFTY levels
[INTRADAY] #BANKNIFTY PE & CE Levels(18/10/2024)Today will be slightly gap down opening expected in banknifty. Expected opening near 51050 level. After opening if banknifty sustain above 51050 level then possible short correction upto 51450 level. 51450 level will act as a strong upside resistance for today's session. Any bullish rally only expected if banknifty starts trading above 51550 level. Downside in case banknifty gives breakdown of 50950 level then sharp 400-500+ points downside rally expected.
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.
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.
[INTRADAY] #BANKNIFTY PE & CE Levels(17/10/2024)Today will be slightly gap up opening expected in banknifty. After opening it will face resistance at 51950 level and expected downside from this level upto 51550. This downside can be extend for further 400-500 points in case banknifty starts trading below 51450 level. Any bullish rally only expected in case banknifty starts trading and sustain above 52050 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(16/10/2024)Today will be flat or slightly gap down opening expected in banknifty. For today session 51500-52000 level will act as a consolidation zone of 500 points. Strong upside rally expected if banknifty starts trading and sustain above 52050 level. Any major downside only expected below 51450 level.
