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BANKNIFTY

BANK NIFTY INTRADAY LEVELS FOR 05 AUG 2024BUY ABOVE - 51500 SL - 51330 TARGETS - 51620,51750,51880 SELL BELOW - 51330 SL - 51500 TARGETS - 51120,50940,50780 NO TRADE ZONE - 51330 to 51500 Previous Day High - 51620 Previous Day Low - 51120 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
BANK NIFTY INTRADAY ANALYSIS FOR 01/08/2024BUY ABOVE - 51750 SL - 51620 TARGETS - 52000,52200,52400 SELL BELOW - 51500 SL - 51620 TARGETS - 51270,51120,50940 NO TRADE ZONE - 51500 to 51750 Previous Day High - 51620 Previous Day Low - 51270 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
BANK NIFTY INTRADAY LEVELS FOR 31 JULY 2024BUY - 51500 SL - 51270 TARGETS - 51750,52000,52200 SELL - 51270 SL - 51500 TARGETS - 51120,50940,50780 NO TRADE ZONE - 51270 to 51500 Previous Day High - 52000 Previous Day Low - 51270 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
Consider Buying Bank Nifty at 50,438.30 using SMCWe have identified an opportunity to enter Bank Nifty at 50,438.30. This trade setup leverages the Smart Money Concept (SMC) and takes advantage of a Fair Value Gap (FVG) above a Demand Zone. Trade Details: Entry Price: 50,438.30 SL: 49,616.75 (-1.63%) TP: 53,248.25 (+4.05%) Fair Value Gap (FVG): An FVG represents a quick price move with little trading volume, often driven by institutional activity. It can serve as a support or resistance area, making it a strategic entry point. Demand Zone: Positioned below the entry price, this zone indicates strong buying interest, suggesting that institutional investors may support the price at this level. Stop Loss (SL): Placed at 49,616.75, just beneath the FVG, to limit risk at 1.63%. This safeguard helps protect against unfavorable price movements. Take Profit (TP): Targeting 53,248.25, with a potential gain of 4.05%, aiming for a supply zone where selling pressure might emerge. This approach is designed to align with institutional activities by identifying critical market zones. Always remember, trading involves risks. Stay updated and adjust your strategy accordingly. 📊💼 Like and follow for more trading insights, and share this with your network! 🔔👥
NSE:BANKNIFTYLong
by smarttrader012
BANK NIFTY INTRADAY LEVELS FOR 30/07/2024BUY ABOVE - 51500 SL - 51270 TARGETS - 51750,52000,52200 SELL BELOW - 51270 SL - 51500 TARGETS - 51120,50940,50780 NO TRADE ZONE - 51270 to 51500 Previous Day High - 52400 Previous Day Low - 51270 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
1
BANK NIFTY INTRADAY LEVELS FOR 29TH JULY 2024BUY ABOVE - 51500 SL - 51270 TARGETS - 51750,52000,52200 SELL BELOW - 51270 SL - 51500 TARGETS - 51120,50940,50780 NO TRADE ZONE - 51270 to 51500 Previous Day High - 51400 Previous Day Low - 50400 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
SWANENERGY BREAKOUTSwan Energy Limited (SEL) was originally incorporated in 1909 as Swan Mills Ltd. (SML), a manufacturer and marketer of cotton and polyester textile products in India. Over the years, it has diversified into real estate and is developing a floating storage and regasification unit-based liquid natural gas (LNG) import terminal at Jafrabad in Gujarat. FUNDAMENTALS Pros Strong sales growth of 249%. Significant profit growth of 584%. Good liquidity with a current ratio of 3.13. Manageable debt with a debt-to-equity ratio of 0.55. Diversified business into real estate and LNG. Long-standing market presence since 1909. Cons High P/E ratio of 76.2, suggesting overvaluation. Low dividend yield of 0.01%. Modest return ratios: ROCE 8.28% and ROE 7.03%. High price-to-book ratio of 3.65. Total debt of ₹3,440 crore. Exposure to industry volatility in the LNG sector. Overall financial strength : 73/100 TECHNICALS Prices are above 21, 50, 200 day EMA and 200 day MA. Stock corrected nearly 40%+ from the top. Weak Correction is suggesting that the supply is fading. RSI : 63; indicating buying momentum. MACD Crossover on Daily & Weekly time frame. Stock was trading in a range for 4 months and finally broke out and retested the level of 680–665. A teeny-tiny rounding bottom pattern formation. ACTION Above 750, it's a big base breakout, so one can capitalise on the momentum for a target of 795 (short-term positional). For a little longer horizon, can hold it for 892.65 and 987 levels (fundamentally good company) Aggressive traders can deploy small portion of capital above 750 if crosses with good volume spike. Safe ones can wait for a retest at 747–755 level. Now as per technical analysis, SL should be placed at around 645–650ish, but the RR isn't too fair for short term traders, so they can either place SL below the 21-day EMA. This is just my analysis and research. I shall not be responsible for anyone's loss. Happy Trading :)
NSE:SWANENERGYLong
by rohix