BANKNIFTY Intraday Trade Setup For 15 Jul 2024
BANKNIFTY Intraday Trade Setup For 15 Jul 2024
Bullish-Above 52820
Invalid-Below 52710
T- 53370
Bearish-Below 52130
Invalid-Above 52240
T- 51600
BANKNIFTY has closed with a slight cut of 0.72% last week. Last two candles in weekly and daily TF are just opposite. While I will give more importance to weekly TF. Although it closed with minor cut but weekly candle is a Pinbar. 52800 is a major level from which bulls may take strong grip again. Also below its low 51700 there can be a aggressive selling with double force momentum. In between one need to maintain non-directional approach.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 52820 then we will long for the target of 53370.
For selling we need a 15 Min candle close below 52130. T- 51600.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Bullish-Above 52820
Invalid-Below 52710
T- 53370
Bearish-Below 52130
Invalid-Above 52240
T- 51600
BANKNIFTY has closed with a slight cut of 0.72% last week. Last two candles in weekly and daily TF are just opposite. While I will give more importance to weekly TF. Although it closed with minor cut but weekly candle is a Pinbar. 52800 is a major level from which bulls may take strong grip again. Also below its low 51700 there can be a aggressive selling with double force momentum. In between one need to maintain non-directional approach.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 52820 then we will long for the target of 53370.
For selling we need a 15 Min candle close below 52130. T- 51600.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.