BankNifty Trading SetupBankNifty has been trading within a 400-point range since Monday, Tuesday, and Wednesday, sustaining near its all-time high (ATH). If BankNifty crosses above 54,200 on Thursday and holds above that level for at least 15 minutes, our first target will be 54,400, and the second target will be 54,600.
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Bankniftyintradaylevels
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!
[INTRADAY] #BANKNIFTY PE & CE Levels(20/09/2024)Bank Nifty is expected to open with a gap-up today. If Bank Nifty manages to sustain above the 53050 level after opening, we could witness an upward rally toward the 53450 mark. If it breaks the 53550 resistance level, this upward momentum could extend by an additional 400-500 points. However, any potential downside movement is likely only if Bank Nifty falls below the 52950 level, which could signal bearish pressure.
Banknifty Intraday Levels: 20-Sep-24Index fill the previous Gap and move upside , important upside hurdle 53300 breakout can expect more up.
Immediate Support @52800 breakout drag price for downside.
Wait for proper price action at levels for Entry.
Bullish > 53100
Bearish > 52800
Use SL trailing method instead for secure profits.
Bank Nifty Podcast 17 Sep 2024Today, only 1 trade setup was available based on Podcast Strategy.
- When the Podcast entry had come, just before that 5minute candle closed both below and above Opening Price - 52239
- The Data was -ve, and 2 departments were bullish. So again, looked at the strikes 52200 and 52300, where Put writers increased to give momentum toward 52400.
- The stoploss was hit, as call writers increased at the strike 52300.
Notes:
- Simultaneously, a selling strategy was executed based on Price Action, which gave 0.5% return on the capital.
[INTRADAY] #BANKNIFTY PE & CE Levels(17/09/2024)Today will be gap up opening in banknifty. After opening expected upside rally upto 52450 level. Banknifty will face resistance near 52450 level. Any strong upside rally expected only above 52550 level. Similarly strong downside rally only expected below 51950 level.
Bank Nifty Podcast 13 Sep 2024There were three setups available, out of which two setups were taken based on Option Chain Data.
Setup #2 - Stoploss Hit, although the Changing in OI data was positive and all the four departments were "Bullish".
Setup #3 - I was ready to take another trade on CE side, due to data being highly positive.
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Notes:
- Taking trade without data is risky, as even with 50% risk the stoploss increases the loss as equal as taking 100% complete trade. So I would always avoid such trade and hold my nerves to avoid FOMO of getting into any such trades.
[INTRADAY] #BANKNIFTY PE & CE Levels(11/09/2024)Today will be slightly gap up opening expected in banknifty. Possible banknifty open near 51500 level. 51000-51500 level will act as a consolidation zone for banknifty any strong movements only expected after break of this zone. Upside strong 400-500 points rally possible if banknifty starts trading above 51550 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(10/09/2024)Today will be slightly gap up opening expected in banknifty. after opening if banknifty sustain above 51050 level then expected upside rally upto 51450+ level and this can be extend for further 400-500 points if banknifty starts trading above 51550 level in today's session. Downside possible if banknifty gives breakdown of 50950 level. Downside upto 50550 level expected after this breakdown.
Nifty Flag & Pole Bullish Continuation Pattern for TomorrowFor tomorrow, focusing on the Nifty50 in a 15-minute timeframe, the price action indicates a potential continuation pattern known as the "Flag and Pole." This pattern typically suggests that the current trend is likely to continue after a brief consolidation phase. Below is a detailed breakdown of the possible price action:
Technical Analysis Overview:
Pattern Type : Flag and Pole (Continuation)
Script : Nifty (Index)
Timeframe : 15-Minute Chart
Trading Type : Futures and Options (FnO)
Price Pattern Characteristics:
The Flag and Pole pattern consists of two key components:
The Pole : Represents a sharp and strong directional move, typically upward, indicating a significant bullish sentiment. In this case, Nifty has exhibited a strong rally, forming the “Pole” of the pattern.
The Flag : After the sharp rise, the price enters a consolidation phase with a slight downward or sideways drift. The “Flag” forms as price moves within a tight range, typically between two parallel trendlines sloping downward.
Trade Setup and Expectations:
The price is currently in the consolidation phase, creating the Flag. This temporary pause is likely to be followed by another bullish move, resuming the earlier uptrend.
Breakout Confirmation: The key level to watch is the upper trendline of the Flag. A breakout above this level, coupled with strong volume, would signal the continuation of the uptrend.
Possible Targets:
Target 1 (T1): 25100
Target 2 (T2): 25200
Stoploss : 24970
These targets are based on the measured move concept, where the height of the Pole is projected from the breakout point.
Risk Management:
Given the nature of this continuation pattern, it’s crucial to wait for a confirmed breakout with volume before entering the trade. Set a stop loss slightly below the lower trendline of the Flag to manage risk.
Conclusion:
The Flag and Pole pattern on Nifty's 15-minute chart points towards a bullish continuation, making it a favorable setup for FnO traders. However, ensure proper risk management, as patterns may fail or face unexpected market influences.
This analysis should be taken as a probable scenario rather than an exact prediction, with adaptability to real-time price action being key.
Disclaimer : DO NOT FOLLOW THIS STUDY BLINDLY. PLEASE DO YOUR OWN ANALYSIS BEFORE TAKING A TRADE.
BANKNIFTY TODAY - Opens with a gap Up, Targets Marked for YouAfter a good upside rally, BankNifty has been on sideways from 2 straight days.
Can the gapup today give it further bullish momentum? Only time will tell.
But, Iam prepared to catch the best trades with this Risological strategy.
Banknift CE buy side setup, it is!
Good luck, folks!
Namaste 🙏
Bank Nifty Podcast 29 Aug 2024Only 1 trade was taken.
The trade was based on podcast levels with CE side. The OI data was slightly positive and also 3 departments were "Bullish" from 4 departments of Option Chain.
The risk to reward was 0.66 which qualifies the min. required risk to reward for the podcast setup.