AMIT-RAJAN

BANK NIFTY INTRADAY SETUP FOR 03-02-2023

AMIT-RAJAN Updated   
NSE:BANKNIFTY   Nifty Bank Index
Hello mates as we can see on 15 minute time frame chart it consolidate in a parallel channel whole day today so I am expecting it can give a crazy move tomorrow so for that I find out key support and resistance levels for it ideas sharing below

BUY IDEA-: If the price will sustain above the resistance of 40785 and give a close on above that on 15 minute candle so we can go for long for the target of 41370 levels stop loss must close below the resistance price on same time frame.

SELL IDEA-: If the price will sustain below the support of 40073 and give a close on below that on 15 minute candle so we can go for a sell for the target of 39480 levels stop loss must close above the support price on same time frame.

Idea based on simple price action ✌🏽✌🏽

NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk


Trade closed: target reached:
BUY TARGET OF 41370 FROM 40785 IN RUNNING MARKET AFTER GAPUP OPENING TRADE GOT ON INTRADAY REVERSALS

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