BANKNIFTY Intraday Trade Setup For 15 Feb 2024
Buy_1-Above 46200
Invalid-Below 46090
T- 46710 47250
Buy_2- From 45350
Invalid-Below 45240
T- 45915 46250
BANKNIFTY has closed on a bullish note with 0.89% gain today. It was a mad bull day to be precise in terms of momentum. It opened with big gap down today and 10 o'clock range was to be used as per trade setup, which broke upside above 45220 and made a high of 46170. With such a bold sentiment tomorrow if we dip towards 45350 by any chance it will be a buying opportunity as per internal half bat pattern. Above 46180-200 index will resume uptrend.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 46200 then we will long for the target of 46710 and 47250.
2nd buy can be considered from 45350. T- 45915 and 46250.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
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I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Buy_1-Above 46200
Invalid-Below 46090
T- 46710 47250
Buy_2- From 45350
Invalid-Below 45240
T- 45915 46250
BANKNIFTY has closed on a bullish note with 0.89% gain today. It was a mad bull day to be precise in terms of momentum. It opened with big gap down today and 10 o'clock range was to be used as per trade setup, which broke upside above 45220 and made a high of 46170. With such a bold sentiment tomorrow if we dip towards 45350 by any chance it will be a buying opportunity as per internal half bat pattern. Above 46180-200 index will resume uptrend.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 46200 then we will long for the target of 46710 and 47250.
2nd buy can be considered from 45350. T- 45915 and 46250.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
