ICICI Bank next week target 1220, 1240, or 1260If you are looking for a good stock for the next week, ICICI Bank can be a best stock on our golden parameters. The stock has moved from downtrend to uptrend according to our parameters on the daily chart, of course the stock is still below the pivot point but the possibility of an uptrend in it cannot be ruled out. The stock closed at an upper level today after the consolidation of the last three weeks. Which can prove to be a better option for the next week.
Bankniftyview
Bank Nifty Podcast 23 Aug 2024Total three trades were taken .
1st trade was taken on 5minute timeframe when the candle reverses from the OI line and closed with 1:1 Target
2nd trade was taken on Podcast Setup , closed the trade with stoploss. Although the OI data was positive, but the 4 department was neutral, where 2 department was showing Bullish and 2 department was showing bearish.
3rs trade was again taken on Podcast setup and closed with 1:1 target.
Notes:
- There were 3 trades based on 5minute timeframe from the OI line 51000, but I took only the one before 10AM.
[INTRADAY] #BANKNIFTY PE & CE Levels(21/08/2024)🔔 Bank Nifty Update for Today’s Expiry Session:
📈 Gap-Up Opening Expected:
Expected Opening Level: Near 51000
Key Level: 51050
Potential Upside Target: 51450+
Today, Bank Nifty is anticipated to open with a gap up near the 51000 level. If the index sustains above this level after opening and starts trading above 51050, we could see a strong upside rally of 400-500 points, potentially reaching up to 51450+ during today’s expiry session.
📉 Watch for Downside Risks:
Critical Reversal Level: 50950
Support Level: 50550
Major Downside Level: 50450
However, if Bank Nifty fails to sustain above 51000 and shows signs of reversal around 50950, downside movement is possible. The 50550 level will act as support for today’s session, with a major downside expected only if the index breaks and starts trading below 50450.
[INTRADAY] #BANKNIFTY PE & CE Levels(19/08/2024)🔔 Bank Nifty Update for Today:
📈 Gap-Up Opening Expected:
Key Level: 50550
Potential Upside Target: 51000
If Bank Nifty sustains above the 50550 level after the opening, we could witness a strong upward rally, potentially pushing the index towards the 51000 mark. This scenario indicates bullish momentum and a chance for further gains.
📉 Watch for Downside:
Critical Level: 50450
Possible Downfall Range: 400-500 points
However, if Bank Nifty fails to hold the 50550 level and starts trading below 50450, a downside move may be imminent. In this case, we could see a significant drop, with the index potentially declining by 400 to 500 points.
[INTRADAY] #BANKNIFTY PE & CE Levels(16/08/2024)Today, a gap-up opening is expected in Bank Nifty near the 50000 level. A downside reversal is anticipated from the 49950 level to the 49550 level. If Bank Nifty starts trading above the 50050 level, a possible upside rally up to the 50450 level is expected. No major changes in 14th august level due to the consolidation session.
[INTRADAY] #BANKNIFTY PE & CE Levels(14/08/2024)Today, Bank Nifty is expected to open with a slight gap up, with an opening level around 50000. After the opening, a possible reversal to the downside is anticipated. The downside target for today’s session could be around 49,550 if Bank Nifty does not sustain above 49950. Any upside rally will only be possible if Bank Nifty starts trading above 50050; this rally could reach up to 50450, which will act as a strong resistance level for today’s session.
[INTRADAY] #BANKNIFTY PE & CE Levels(12/08/2024)Bank Nifty Opening Outlook:
Opening: Expected to be flat.
Upside Potential:
If Bank Nifty sustains above the 50,550 level, an upside rally up to 50,950 is anticipated.
Strong resistance is expected at the 51,000 level.
Downside Potential:
If Bank Nifty starts trading below the 50,450 level, a downside move of 400-500 points is possible.
The 50,000 level will act as a support for today’s session.
[INTRADAY] #BANKNIFTY PE & CE Levels(07/08/2024)Today will be gap up opening in banknifty. Expected opening near 50500 level. After opening possible reversal from this level to continue bearish trend. If reversal confirmation at this level can gives 400-500 points downside rally in banknifty. This rally can be extend for another 400-500 points if its starts trading below 49950 level. Any upside rally only expected if banknifty sustain and starts trading above 50550 level.
51300 OR 55300??!!For bank Nifty, this seems to be a much needed pit stop. Immediate target seems to be ATH and then 55300. If it breaks the base that has been created after the last high, 51300 could act as a strong support. Does not seem like a sign of weakness. Next round could be lead by PSU banks, close to the Budget.
Banknifty_Intraday (11-0Jul-2024)The image displays a 30-minute intraday chart for the Bank Nifty index. Here are the key details:
Date: The data is for July 11, 2024.
Index Levels: The Bank Nifty index is shown at a closing price of 52,217.30, up by 42.90 points.
Technical Analysis Features:
EMA: The chart includes a 20-period Exponential Moving Average (EMA) shown at 52,266.22.
Fibonacci Retracement Levels: Notable Fibonacci retracement levels from recent peaks and troughs are marked, with specific levels labeled such as 0.751, 0.799, 0.94, and 1.003.
Trading Signals:
-Buy Signal: A green arrow suggests buying above 52,350 with a target of 53,700+.
-Sell Signal: A red arrow indicates selling below 52,000 with a target of 52,000 or lower.
banknifty Intraday (10-Jul-2024)The image displays a chart for the Nifty 50 index from the National Stock Exchange of India, showing intraday movements on a 15-minute time frame. The chart includes details such as:
Index Information: The Nifty 50 Index is shown at various prices, with the current price being 24,417.25, down by 16.80 points.
Technical Analysis: There's a 20-period Exponential Moving Average (EMA) indicated at 24,401.59.
Trading Recommendations:
-Buy Signal: A green arrow points upwards with a note to "Buy Above 24450" targeting an open position above 24,550.
-Sell Signal: A red arrow points downwards suggesting to "Sell Below 24375" with a target (Tgt) of 24,275 or lower.
Banknifty Intraday (09-Jul-2024)Description: Join us for intraday trading analysis on BANKNIFTY. We've marked significant buy and sell targets based on the latest price movements and EMA trends.
Buy Signal: If BANKNIFTY breaks above 52,700, consider going long with a target of 53,200+. This is indicated by the potential support break and bullish momentum.
Sell Signal: Alternatively, a move below 52,275 could signal a selling opportunity, aiming for a target just below 52,000.
Chart Details:
-Time Frame: 15 minutes
-Indicator: 20-period Exponential Moving Average (EMA)
Trading Strategy:
The strategy revolves around the key psychological levels marked on the chart. We recommend setting tight stop-loss orders to manage risk effectively.
Disclaimer: Trading involves risk and is not suitable for all investors. Please perform your own due diligence before making any trading decisions.
Banknifty Intraday (08-Jul-2024)The chart you provided is a 15-minute intraday chart for Bank Nifty with trading levels and strategies for July 8th. Here’s a breakdown of the key points on the chart:
Buy Signal:
-Buy above 52800
-Target: 53200+
Indicated by a green arrow pointing upwards.
Sell Signal:
-Sell below 52400
-Target: 52000-
-Indicated by a red arrow pointing downwards.
Resistance Levels:
-Around 53,213.55
-Around 53,100.00
Support Levels:
-Around 52,587.14 (EMA 20 close)
-Around 52,810.25
-Around 52,395.60
-Around 52,015.85
Current Price:
Bank Nifty is at 52,633.15, showing a slight decrease (-0.10%).
Banknifty Intraday (05-Jul-2024)-Date and Time: The chart covers intraday trading for July 3 and July 4, 2024.
-Price Data: It displays open, high, low, and close prices for each 15-minute interval.
-Exponential Moving Average (EMA): A 20-period EMA is plotted, which helps to determine the trend direction over these periods.
Trading Instructions:
-Buy Signal: An instruction to buy above 53,250 with a target of 53,600 or more.
-Sell Signal: An instruction to sell below 52,800 with a target of 52,400.
The annotations and arrows help to visually guide a trader on potential entry points for buying or selling based on the specified price levels.