IDBI DAILY CHART TIME FRAME - MY VIEW ONLYThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
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Tradelikemee Academy
Saanjayy KG
BANKNIFTY
[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.
[INTRADAY] #BANKNIFTY PE & CE Levels(23/10/2024)Today will be gap down opening expected in banknifty. Expected opening near 51050 level. After opening if banknifty starts trading below 50950 level then expected strong downside rally of 400-500 points in index. Any bullish side movement only expected if it's sustain above 51050 level. Upside 51450 will act as an immediate resistance for banknifty.
Review and plan for 23rd October 2024Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
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.
[INTRADAY] #BANKNIFTY PE & CE Levels(22/10/2024)Today will be slightly gap down opening in banknifty. After opening expected further downside upto 51550 level. This downside rally can extend for further 400-500 points in case banknifty gives breakdown of 51450 level. Upside rally only expected in case banknifty starts trading and sustain above 52050 level.
Review and plan for 22nd October 2024Nifty future and banknifty future analysis and intraday plan in kannada.
Result analysis and trade plan included.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
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.
Plan for 21st October 2024 Nifty future and banknifty future analysis and intraday plan in kannada.
Resuls analysis - included
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Bank Nifty Mastery: Capitalizing on Volatility for Quick ProfitsToday’s trade exemplifies how strategic timing and keen market insights can turn volatility into opportunity. Leveraging technical analysis and precise risk management, we navigated the swings to secure a tidy profit in Bank Nifty. Dive into the details of our setup and execution strategy—perfect for traders looking to refine their approach in a dynamic market!
This caption is designed to attract attention, summarize the trade’s success, and invite other traders to explore your analysis further.
[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.
BANKNIFTY Falling as projected.We gave an analysis on BANKNIFTY based on a follower's request, though it lingered at our interest zone, however, it gave some massive push down today as you can see.
We expect some more drops on BANKNIFTY.
We do expect you to manage your trade appropriately as it aligns with your psychology and trading plan.
[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(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.