Get started
Omahto

BANKNIFTY Intraday Trade Setup For 30 Nov 2023

Nifty Bank Index (NSE:BANKNIFTY)  
Omahto  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Harmonic Patterns Chart Patterns BANKNIFTY bankniftyanalysis bankniftyforecast bankniftyprediction bankniftyintradaytradesetup bankniftytradesetup bankniftyintradaylevels bankniftylevels niftybank
6
0
trendanalysis harmonicpatterns chartpattern banknifty bankniftyanalysis bankniftyforecast bankniftyprediction bankniftyintradaytradesetup bankniftytradesetup bankniftyintradaylevels bankniftylevels niftybank
BANKNIFTY Intraday Trade Setup For 30 Nov 2023

Bullish-Above 44640
Invalid-Below 44530
T- 44915 45160

Bearish-Below 44300
Invalid-Above 44410
T- 44058 43790

BANKNIFTY has closed on a bold bullish note with more than 1.5% gain today. Important swing high 44450 was broke today. Now index has changed its daily TF structure into bullish. Index looks ready to test 45850 and may be a fresh ATH. Today it opened with gap up above our buy level so 10 o'clock range was to be used. Range broke upside above 44140 and gave a fantastic move till 44630.

Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 44640 then we will long for the target of 44915 and 45160.

For selling we need a 15 Min candle close below 44300. T- 44058 and 43790.

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.

Related Ideas

Omahto
NIFTY Intraday Trade Setup For 30 Nov 2023
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.