BANKNIFTY Intraday Trade Setup For 15 Dec 2022
BANKNIFTY Intraday Trade Setup For 15 Dec 2022
Buy-Above 44155
Sl-44045
T-44345 44595
Sell-Below 43980
Sl-44100
T-43850 43650
BANKNIFTY has closed with a slight gain of 0.23%. A spinning top candle has been formed in daily TF. This is a sign of rest/reversal of the current uptrend. It will act as a sign of reversal if we trade below its low and will be confirmed if daily candle closes below its low. Above its high current uptrend and its sentiment will continue. VIX is ultra low that is the reason we are seeing very slow and choppy momentum in intraday. Swings are short length. A head and shoulder chart pattern can be spotted in 5 Min TF. Neckline is the day low.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 44155 then we will long for the target of 44345 and 44595.
For selling we need a 15 min candle close below 43980. target will be 43850 and 43650.
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 44155
Sl-44045
T-44345 44595
Sell-Below 43980
Sl-44100
T-43850 43650
BANKNIFTY has closed with a slight gain of 0.23%. A spinning top candle has been formed in daily TF. This is a sign of rest/reversal of the current uptrend. It will act as a sign of reversal if we trade below its low and will be confirmed if daily candle closes below its low. Above its high current uptrend and its sentiment will continue. VIX is ultra low that is the reason we are seeing very slow and choppy momentum in intraday. Swings are short length. A head and shoulder chart pattern can be spotted in 5 Min TF. Neckline is the day low.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 44155 then we will long for the target of 44345 and 44595.
For selling we need a 15 min candle close below 43980. target will be 43850 and 43650.
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.
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