Get started

BANKNIFTY

BANKNIFTY : CRASH OR BULLTRAP...?According to the analysis presented in the chart, the BANKNIFTY index is currently exhibiting an upward trend on the monthly timeframe. This trend has been reinforced by a trendline that the index has successfully bounced off approximately five to six times in recent history. At present, BANKNIFTY is once again approaching this pivotal trendline, raising the question: will it repeat its historical pattern of bouncing back, or are we on the verge of experiencing a breakdown? It's important to note that various external factors could influence market behavior. Elements such as quarterly corporate earnings reports, the outcomes of the upcoming US elections, and ongoing geopolitical tensions like the conflict in the Middle East can all have significant impacts on market dynamics. These factors could either bolster the upward momentum or lead to increased volatility and potential declines. Thus, close monitoring of these influences will be essential as the situation unfolds.
NSE:BANKNIFTY
by Kartik_Elkunchwar
Bank Nifty Long - Riding the Wave • Technical Analysis: • Trend Analysis: The Bank Nifty has been showing a robust upward trend, consistently forming higher highs and higher lows over the past month. • Support Levels: The index recently bounced off a significant support level, confirming strength in the ongoing trend. • Moving Averages: Bank Nifty is trading above both its 50-day and 200-day moving averages, a strong indicator of continued bullish momentum. • RSI & MACD: Both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) show bullish divergences, indicating that the upward movement has room to continue. The decision to go long on Bank Nifty was driven by strong technical signals and positive economic fundamentals. This position is intended to capitalize on the potential upward trajectory forecasted by both market sentiment and statistical indicators. I will be monitoring this position closely and plan to adjust my stop-loss and take profit points as the market evolves. #BankNifty #LongPosition #TradingView #MarketAnalysis
NSE:BANKNIFTYLong
by parthvparikh
Bank Nifty Long - Riding the Wave Last Friday, I initiated a long position on Bank Nifty, anticipating a bullish trend driven by a combination of positive economic indicators and sector-specific momentum. This analysis will break down the strategic reasoning behind this decision, supported by technical indicators and market sentiment. Trend Analysis: The Bank Nifty has been showing a robust upward trend, consistently forming higher highs and higher lows over the past month. • Support Levels: The index recently bounced off a significant support level, confirming strength in the ongoing trend. • Moving Averages: Bank Nifty is trading above both its 50-day and 200-day moving averages, a strong indicator of continued bullish momentum. • RSI & MACD: Both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) show bullish divergences, indicating that the upward movement has room to continue.
NSE:BANKNIFTYLong
by parthvparikh
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. Please keep your comments useful & respectful. Keep it simple, keep it Unique. Thanks for your support Tradelikemee Academy Saanjayy KG
NSE:IDBILong
by Tradelikemee
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.
NSE:BANKNIFTYShort
by ProfitsNinja
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.
NSE:BANKNIFTYLong
by smrgrover2
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.
NSE:NIFTYLong
by parthvparikh
[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.
NSE:BANKNIFTY
by TradZoo
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.
NSE:EXIDEIND
by imkhushal
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.
NSE:BANKNIFTYShort
by ProfitsNinja