BankNifty Trade Setup for 25-09-2023
Updated
BankNifty important levels to watch are as follows
#Support: 44550
Sell below: 44550 only on 15 minute candle closure below the level.
Target 1: 44400
Target 2: 44200
#Resistance: 44675
Buy Above: 44675 only on 15 minute candle closure Above the level.
Target 1: 44800
Target 2: 44950
#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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#If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
#Support: 44550
Sell below: 44550 only on 15 minute candle closure below the level.
Target 1: 44400
Target 2: 44200
#Resistance: 44675
Buy Above: 44675 only on 15 minute candle closure Above the level.
Target 1: 44800
Target 2: 44950
#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.
#If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Note
Flat opening, Follow the levels and never forget to use SL in order to protect your capital.Note
Note
breakdown from trendline support as per 1 min chart.
Note
Target 1 Achieved !!
Note
what a blast after breakout from trendline resistance as per 1 min chart,
Target 1 on the upside achieved successfully.
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Note
As you can see the chart, price respected each level as per our analysis. Give it a like to boost our motivation. Queries will be answered in comment section.
Trade closed: target reached
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