BANKNIFTY - 15 MIN - FOR 17/03/2022 - TRADE SETUP
Hello Traders,
Today BANKNIFTY gave a GAP UP opening above the previous week high.
But it can't BREAK the 35800 level, As the PRICE CONSOLIDATES near that zone for the whole day making it a very strong zone.
***** NOTE : Whenever PRICE consolidates and give a BREAKOUT it gives Strong movement towards the breakout side. *****
So, tomorrow we will ENTRY only after the BREAKOUT of that consolidation.
Even when the 35800 level was a strong RESISTANCE today price never reversed but it CONSOLIDATED there so it may be sign of some bullishness today.
1) GO LONG only after 35800 level breakout & retest.
TARGET ----> 36155
2) GO SHORT only when 35375 level breakdown & retest
GAP FILL may happen which will be our ADVANTAGE.
TARGET ----> 35000
Do comment your thoughts...
Thank you <3
Today BANKNIFTY gave a GAP UP opening above the previous week high.
But it can't BREAK the 35800 level, As the PRICE CONSOLIDATES near that zone for the whole day making it a very strong zone.
***** NOTE : Whenever PRICE consolidates and give a BREAKOUT it gives Strong movement towards the breakout side. *****
So, tomorrow we will ENTRY only after the BREAKOUT of that consolidation.
Even when the 35800 level was a strong RESISTANCE today price never reversed but it CONSOLIDATED there so it may be sign of some bullishness today.
1) GO LONG only after 35800 level breakout & retest.
TARGET ----> 36155
2) GO SHORT only when 35375 level breakdown & retest
GAP FILL may happen which will be our ADVANTAGE.
TARGET ----> 35000
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.