Sonia-Singh

BANK NIFTY LEVELS 27TH OCTOBER

Sonia-Singh Updated   
NSE:BANKNIFTY   Nifty Bank Index
Bank Nifty Actionable Idea

#Current Price- 42280

#Resistance- 42332

#Support- 42224

#Target 42440 And 42534 we can expect after a break of Resistance

#Target 42112 And 41999 we can expect after a break of Support

#Execution only after break and close above or below from resistance or support 15-minute candle.

#Stop Loss above or below from resistance or support2 15-minute candle.

(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)

NOTE- Only for Education Purpose.

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Comment:
No trade taken so far due to gap up open, plotted a gap resistance for fresh long trade if break and close above can fill the gap and can do target above placed, Now resistance based target 2 can act as support if price go below we can see a bounce from there, shared retest view too in this update
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