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BANKNIFTY trade ideas

BANKNIFTY Key levels for 19/09/2024**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, and price range. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the GREEN line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the GREEN line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next GREEN line below. **Timeframe:** Use a 5 timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
NSE:BANKNIFTY
by nandupk
BankNifty 1600+ Points Gain in 7 days! Using RisologicalBankNifty CRAZZZZZY Gains using the Risological indicators. Do I have to say a word? Massive 1600 points gain, and still looking solid on the 15m time frame. This is the beauty of trading the options in 15 min time frame. Yes, you would need more capital compared to the weekly contracts. I have been trading the Nifty, Banknifty and MidCPNifty in 15m time frame from almost 2 years now, and I have no regrets. Some points to keep in mind using this Risological strategy: - Use 15m time frame chart - Apply Risological swing trader indicator - Buy monthly contracts, that have at-least 15 days time till expiry. - Catch big moves All the best and namaste!
NSE:BANKNIFTYLong
by ProfitsNinja
BANK NIFTY INTRADAY LEVELS FOR 17/09/2024BUY ABOVE - 52200 SL - 51990 TARGETS - 52400,52620,52800 SELL BELOW - 51990 SL - 52200 TARGETS - 51820,51670,51530 NO TRADE ZONE - 51990 to 52200 Previous Day High - 52200 Previous Day Low - 51990 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
2
BANKNIFTY KEY LEVELS FOR 1817/09/2024**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, and price range. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the GREEN line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the GREEN line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next GREEN line below. **Timeframe:** Use a 5 timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
NSE:BANKNIFTY
by nandupk
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.
NSE:BANKNIFTYLong
by gupshupblog
BANK NIFTY S/R for 17/9/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:BANKNIFTY
by zenthosh
Day Trading the Nifty Bank Index: A Technical Analysis ApproachAnalyzing the Nifty Bank Index Chart Chart Pattern: The chart appears to be showing a bullish flag pattern. This pattern is characterized by a sharp uptrend followed by a period of consolidation in the shape of a rectangle or pennant. Technical Analysis: * Bullish Flag: The initial sharp uptrend suggests strong buying pressure. The subsequent consolidation phase, resembling a flag, indicates a potential pause before the uptrend resumes. * Support and Resistance: The horizontal lines at approximately 51,400 and 51,800 act as support and resistance levels within the flag. A breakout above the upper line could signal a continuation of the uptrend. * Volume: The volume appears to be decreasing during the consolidation phase, which is typical. A surge in volume during a breakout could confirm the uptrend. * Moving Average: The 50-day moving average (MA) is currently below the price, indicating a bullish bias. A break above the MA could further strengthen the bullish outlook. Trading Strategy: * Wait for Breakout: A conservative approach would be to wait for a clear breakout above the resistance level with increasing volume. * Stop Loss: Place a stop loss below the recent low to limit potential losses. * Target: The target could be based on the height of the flag or technical indicators like Fibonacci extensions. Post for TradingView: Title: Nifty Bank Index: Bullish Flag Breakout Potential Body: The chart for the Nifty Bank Index is showing a bullish flag pattern, suggesting a potential continuation of the uptrend. Key points: * Bullish flag formation * Strong support level at 51,400 * Volume decline * Bullish moving average A breakout above the resistance level could signal a significant uptrend. Be on the lookout for increased volume and a clear break to confirm the bullish move. Trading Plan: * Entry: Long on a break above the resistance level with increasing volume * Stop Loss: Below the recent low * Target: Based on flag height or Fibonacci extensions.
NSE:BANKNIFTY
by TradeAXN
BANK NIFTY INTRADAY LEVEL FOR 16 SEP 2024BUY ABOVE - 51990 SL - 51820 TARGETS - 52180,52400,52620 SELL BELOW - 51670 SL - 51820 TARGETS - 51530,51400,51230 NO TRADE ZONE - 51670 to 51990 Previous Day High - 51990 Previous Day Low - 51670 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP