BankNifty Trade Setup for 31-07-2023
Updated
BankNifty important intraday levels to watch for 31-07-2023
#Support: 45240
Short if candle closes below 45240
#resistance: 45500
Long if candle closes above 45500
#Targets on downside after break of support.
Target 1= 45040
Target 2= 45800
#Targets on upside after break of resistance.
Target 1= 45670
Target 2= 45790
Target 3= 45980
Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
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Queries will be answered in comment section.
#Support: 45240
Short if candle closes below 45240
#resistance: 45500
Long if candle closes above 45500
#Targets on downside after break of support.
Target 1= 45040
Target 2= 45800
#Targets on upside after break of resistance.
Target 1= 45670
Target 2= 45790
Target 3= 45980
Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea.
Queries will be answered in comment section.
Note
Resistance breakout ...Use strict SL and keep it trailing.Note
expected scenario ..keep strict SL at 45470
Note
First target on the upside achieved successfully !!Note
just as planned !!
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Trade closed: target reached
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