Banknifty trade setup for 10-07-2023
Updated
BankNifty Important intraday levels to watch for 10-07-2023
#Support: 44840
Short if candle closes below 44840
#resistance: 45096
Long if candle closes above 45100
#Targets on downside after break of support.
Target 1= 44720
Target 2= 44520
#Targets on upside after break of resistance.
Target 1= 45230
Target 2= 45400
Target 3= 45650
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#Support: 44840
Short if candle closes below 44840
#resistance: 45096
Long if candle closes above 45100
#Targets on downside after break of support.
Target 1= 44720
Target 2= 44520
#Targets on upside after break of resistance.
Target 1= 45230
Target 2= 45400
Target 3= 45650
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
Support broken wait for this to sustain.
Note
almost reached target 1 on downsideNote
falling wedge pattern is spotted as per 15 minute time frame.
expected scenario,
if banknifty closes above 44910-44920 immediate resistance, we can expect gap up or positivity in the tomorrow's session for short term.
Note
just the way as predicted yesterday !Note
achieved target as suggested yesterday and Rejected exactly from the same point as shown in the chart.
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