BANKNIFTY - 15 MIN - FOR 15/03/2022 TRADE SETUP
Hello Traders,
TODAY BANKNIFTY broken the 35000 level and NIFTY also broken the 16800 level ---- > Both are very important levels.
Today BANKNIFTY broken the PREVIOUS WEEK HIGH but faced RESISTANCE a little bit and market closed below it with a BULLISH PINBAR candlestick pattern.
**** This indicates a strong Buying pressure in the market. ****
1) If BANKNIFTY Break & retest the PREVIOUS WEEK HIGH ( 35375 ) we can go LONG.
TARGET ----> 35600 , 35800 ....
2) If BANKNIFTY faced RESISTANCE at PREVIOUS WEEK HIGH and only if the 35000 level breaks we can go SHORT.
TARGET ----> 34625 ( PREV DAY LOW ) , 34360.
IMPORTANT LEVELS --------> 34625 ---- 35375 ---- 35600 ---- 35800.
Do comment your thoughts ...
Thank you <3.
TODAY BANKNIFTY broken the 35000 level and NIFTY also broken the 16800 level ---- > Both are very important levels.
Today BANKNIFTY broken the PREVIOUS WEEK HIGH but faced RESISTANCE a little bit and market closed below it with a BULLISH PINBAR candlestick pattern.
**** This indicates a strong Buying pressure in the market. ****
1) If BANKNIFTY Break & retest the PREVIOUS WEEK HIGH ( 35375 ) we can go LONG.
TARGET ----> 35600 , 35800 ....
2) If BANKNIFTY faced RESISTANCE at PREVIOUS WEEK HIGH and only if the 35000 level breaks we can go SHORT.
TARGET ----> 34625 ( PREV DAY LOW ) , 34360.
IMPORTANT LEVELS --------> 34625 ---- 35375 ---- 35600 ---- 35800.
Do comment your thoughts ...
Thank you <3.
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.