BANKNIFTY Intraday Trade Setup For 13 Apr 2023
Buy-Above 41615
Sl-41505
T- 41730 41850
Sell-Below 41465
Sl-41575
T- 41300 41115
BANKNIFTY has closed once again on a positive note with almost 0.5% gain. The long trade which we took from 39710 (trade shared on 20 Mar Trade Setup). It is in a profit of almost 1900 points. Our TSL as said is the PDL (CB) or the last swing low in hourly TF. We will book our gains when our TSL is hit or else just keep on riding this parabolic move. Today buy triggered as per trade setup and hit our 1st target EOD. Trade gave almost 200 points (1:2). Tomorrow is expiry and so we have to be careful as there can a chance of profit booking.
Coming to Thursday's trade setup, if index opens flat and and a 15 Min candle closes above 41615 then we will long for the target of 41730 and 41860.
For selling we need a 15 min candle close below 41465.T- 41300 and 41115.
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 41615
Sl-41505
T- 41730 41850
Sell-Below 41465
Sl-41575
T- 41300 41115
BANKNIFTY has closed once again on a positive note with almost 0.5% gain. The long trade which we took from 39710 (trade shared on 20 Mar Trade Setup). It is in a profit of almost 1900 points. Our TSL as said is the PDL (CB) or the last swing low in hourly TF. We will book our gains when our TSL is hit or else just keep on riding this parabolic move. Today buy triggered as per trade setup and hit our 1st target EOD. Trade gave almost 200 points (1:2). Tomorrow is expiry and so we have to be careful as there can a chance of profit booking.
Coming to Thursday's trade setup, if index opens flat and and a 15 Min candle closes above 41615 then we will long for the target of 41730 and 41860.
For selling we need a 15 min candle close below 41465.T- 41300 and 41115.
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.
