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Bankniftyanalysis

BankNifty Levels for Intraday 23 Oct 2024 Selling TrendToday BankNifty closed below the Trend line / Channel of Daily Timeframe which was started in January which is a sign of trend change and price may go more downside. As per the today price action (lower low and lower highs) the selling was continue after each rise, So as per the price action and trend change price is indicating sell on rise market. So for minimal risk and better risk:reward if price starts moving upwards and taking reversal near 51500, then we can enter for sell trade. Otherwise if any candle close below today closing price(which act as immediate support/resistance) 51250, then we can also enter for sell trade. 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:BANKNIFTYShort
by smrgrover2
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
BankNifty is in Bullish ZoneBank Nifty was recover itself into its channel and still trading in bullish channel near bottom of the channel. Resistance Level is also nearby so wait for the price come to near support level for good risk to reward. Learning : If any instrument is in bullish trend then all support act as strong support and resistance levels breaks. 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
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
BANK NIFTY - Potential Bullish Move on Bullish Harami Formation On the daily chart, a Bullish Harami pattern has formed, signaling a potential reversal after the recent downtrend. Here's my plan for this setup: Entry: I'll be waiting for a 15-minute candle to break above the Entry Zone (51,784.80) . The high of that 15-minute candle will be my actual entry point. Stop Loss: If any 15-minute candle closes below 50,194.30, I'll exit the trade to protect capital. Target 1: 52,604.95 (First resistance) Target 2: 53,375.30 (1:1 risk-reward) Target 3: 54,965.80 / 54,840.50 (Major resistance area) I'm watching for a breakout above the entry zone, ideally with strong volume for confirmation. The key here will be holding above the entry zone and making progress toward Target 1. If that happens, I’ll evaluate momentum for potential continuation toward Target 2 and Target 3. As always, managing risk is crucial. If the price closes below the stop loss level on a 15-minute candle, I'll close the position. Let’s see how this setup plays out! Disclaimer: This is not any financial advice, and for education purpose only.
NSE:BANKNIFTYLong
by gupshupblog
BankNifty Long Trade on 15m Time Frame: Strong MomentumWe entered a long trade on BankNifty at 51155.90 on the 11th of October at 2:30 pm. The price has shown solid upward movement, and we have now set a trailing stop at 51,250 to lock in gains as we aim for higher targets. Target Points: TP 1: 51248.60 (hit) TP 2: 51398.65 TP 3: 51548.70 TP 4: 51641.40 Trailing Stop: 51,250 Stop Loss (SL): 51080.85 The bullish trend remains strong, and we will continue monitoring the position for further developments as it approaches the remaining targets.
NSE:BANKNIFTYLong
by ProfitsNinja