BANKNIFTY - 15 MIN - FOR 07/04/2022 TRADE SETUP

Hello Traders,

Today BANKNIFTY was in a very tight range - CONSOLIDATION.

Whenever there is a tight consolidation the breakout will give a strong price movements in the direction of the breakout.

IMPORTANT LEVELS -----> 36615 --- 37235 --- 37720 --- 38800

1) GO LONG - if BANKNIFTY gave a breakout in the upper direction.

TARGET ---> 38800

2) GO SHORT - if BANKNIFTY breakdown ( gap fill may occur )

TARGET ---> 36615

Do comment Your Thoughts...

Thank you <3