BANKNIFTY Intraday Trade Setup For 19 Jun 2023
Buy-Above 44085
Sl-43980
T- 44300 44510
Sell-Below 43830
Sl-43935
T- 43615 43395
BANKNIFTY has closed on a flat note last week. It gave a breakdown of hourly rising wedge pattern below 43930( hourly CB) last week. We got a straight move of more than 500 points in a single day in a single flow. Now next round of selling will be triggered below 43390. 44500 and 43390 is the range for the coming week. Breakout of this range will give us the next directional move. It will be sideways between this broader range.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44085 then we will long for the target of 44300 and 44510.
For selling we need a 15 Min candle close below 43830. T- 43615 and 43395.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
Buy-Above 44085
Sl-43980
T- 44300 44510
Sell-Below 43830
Sl-43935
T- 43615 43395
BANKNIFTY has closed on a flat note last week. It gave a breakdown of hourly rising wedge pattern below 43930( hourly CB) last week. We got a straight move of more than 500 points in a single day in a single flow. Now next round of selling will be triggered below 43390. 44500 and 43390 is the range for the coming week. Breakout of this range will give us the next directional move. It will be sideways between this broader range.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44085 then we will long for the target of 44300 and 44510.
For selling we need a 15 Min candle close below 43830. T- 43615 and 43395.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
