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Banknifty-analysis

Bearish Flag Breakdown in Nifty 50 – A Shorting Opportunity Bearish Flag Breakdown in Nifty 50 – A Shorting Opportunity 🚨 Entry: Sell at 23,645 🚨 Stop Loss: 24,050 🚨 Target: 22,580 🚨 Risk-to-Reward Ratio: 1:3 🔍 Analysis: The Nifty 50 has formed a classic bearish flag pattern, signaling potential downside momentum. A breakdown below 23,645 provides an ideal entry point for short-sellers, with a tight stop-loss to limit risk. With a strong confluence of technical indicators pointing toward further downside, the target of 22,580 aligns with the measured move of the flagpole, offering an attractive risk-to-reward ratio of 1:3. 💡 Tip: Always adhere to your trading plan and risk management strategy. Never risk more than you can afford to lose. --- ⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. I am not SEBI-registered. Please consult with your financial advisor before making any trading decisions. Trade responsibly! --- What’s your view on this setup? Let me know in the comments below!
NSE:NIFTYShort
by raigvivek
BANKNIFTY Trading Strategy for 15th May, 2024 | Expiry TradeNSE:BANKNIFTY Trading Strategy for 15th May, 2024 | Bullish Reversal confirmed. ✅ Breakout from lower end of rising channel at daily chart. ✅ Breakout from Falling wedge patter at 15 min Time Frame Trading Strategy :- ✅ Initiate CE trade if Banknifty crosses and sustains (min 30 mins) above 48000 - 48070 ✅ Target - 48258/48461 ✅ Initiate PE trade if Banknifty crosses 47800-47750 ✅ Target - 47607/47429/47099 Look at the chart for more information Do share your thoughts on the analysis. Lets decode the charts together.
NSE:BANKNIFTY
by Nivesh_Labs
BANKNIFTY--Head & Shoulders Pattern??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. If price breaks the support, we have a chance of filling the bullish gap, soo keep in shortside until it touches bullish gap and keep in short side until price is below right shoulder,if opens GapDown look for short when it comes back to right shoulder. Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies. Trade safe...Thank you guys for your support
NSE:BANKNIFTY
by IIT-Trader
1
BANKNIFTY--Will Touch ATH ??Observations:: The Banknifty index is showing selling pressure in ths zone @43900 level... but failed to take the price below yesterday's supply zone @43700 levels. until price breaks this level and retest don't think of short again... False breakdown may also happens....don't go for short until price breaks 43600 level. It may again reverse... if we see the chart, price respect the demand zone @43400 and will again moving upwards... on top we have strong resistance levels @44100-44200 level... if price consolidates between these 2 levels and will gives us breakout... if price consolidates between 44100-44200 level and moves upward.. we have strong fall area 44350 level,may push the price downwards again but area of value @44100-44200 will again push the price upside... so consider it as a pullback to 44100-44200 level. Again price is also near its trendline breakout...
NSE:BANKNIFTY
by IIT-Trader
2
Analysis: Nifty BankIts been a while since I have done some analysis on Bank Nifty. So, here is my take on the index. You can observe the resistance zone on the chart, which is 44150 zone. No wonder this is the previous all-time high of December 2022. Market tried to break this area twice but could not sustain above it. Below this zone it again tried to hold near 44000 round number but then broke down yesterday. Bank Nifty dropped into a prior support zone 43400 (see on the chart) and today trying to bounce from this area again. A bearish view from here could be that the previous support zone -- sub-44000 may act as a resistance now. Many people bought around that number and now when it is coming back to that area, they will try to exit at breakeven. Also new traders might short in this area. These sell orders might lead to some reaction from there. A bullish view could be that market absorbs whatever supply is there near 44000 and goes further into 44150. It could also build this range from 44150 to 44000 to 43400 before deciding its further course. Only the price action of coming days can tell us what will happen. But I will be cautious near 43900-44000 zone as a buyer and may look for shorting opportunities in the short term. Do like🚀 and share this idea to encourage me writing more😉 Disclaimer: The above idea is not a trading or investment advice. Apply your own due diligence before risking your capital.
NSE:BANKNIFTY
by Bravetotrade
16
BANKNIFTY--PlanA Or PlanB Or PlanC ??Observations: NSE:BANKNIFTY price is clearly in a range between the demand zone and supply zone. its clearly a range bound market. we are still in the uptrend only, in bank nifty ,no sign of bearishness in the market at all time high also. price broken the demand zone at 43950,closed above the demand zone. and tested the supply zone forms at 44120 levels. now we cannot decide the momentum of the bank nifty until further price action is to be identified. If supply zone breaks and showing some sign of bullishness, we need to aware that at ATH we can expect a falls breakout moments as well @44150 levels. price showing bearishness but it will not create any fresh lows. until it creates a fresh lows keep in the same direction of market trend. Note:: price is below Supply zone, price clears demand zone, as per the trend we need to listen to market momentum, its clearly in uptrend. Price at any moment can its change its direction from bearish to bullish, as higher time frame is bullish. Plan A:: Breakout continuation Plan B: Fake Breakout. Plan C:: Gap down and reversal to supply zone and falls back.
NSE:BANKNIFTY
by IIT-Trader
2
BANKNIFTY-Which is Support Trendline or 43000 ??Observations: -----> After Strong breakout from 43000,price opens gap up means buyers want to take the price to higher levels. ------> Gap up + Consolidation at 43500 is observed. price is moving downwards, means price wants to go upside test of demand zone at 43000 breakout. -------> If it is a false breakdown at 43350 level, and price moves again upside, look for sell at 43500/43600 level false move to upside may be happens. -------->If trendline or 43000 acts as a support , chances are more for breaking the strong resistance at 43600 and reach the price towards 43850-43900.
NSE:BANKNIFTY
by IIT-Trader
1
BANKNIFTY : on daily supportBANKNIFTY closed is near major daily support level. Once it break we may see next daily support in coming days. Levels of daily, hourly & 15min timeframe marked on chart for today. Follow Price action & trend Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing I may be 100% wrong as its my personal trade. First Learn and then remove "L"
NSE:BANKNIFTY
by ChartsSpecialist