BANKNIFTY - 15 MIN - FOR 18/04/2022 TRADE SETUP

Hello Traders,

BANKNIFTY was in a TIGHT CONSOLIDATION for nearly 6 trading days within 600 points.

It was consolidating between 37235 --- 38000.

When market was in a consolidation state, it gives a strong move when the BREAKOUT occurs. ( on either direction )

1) GO LONG when BANKNIFTY Break and retest above 38000.

TARGET ----> 38600.

2) GO SHORT when BANKNIFTY Break down and retest 37235 level

TARGET -----> 36615.

As market was closed for past 4 days we can expect a volatile market tomorrow.

Do comment your thoughts...

Thank you <3.