BANKNIFTY Intraday Trade Setup For 27 Jul 2023
Updated
BANKNIFTY Intraday Trade Setup For 27 Jul 2023
Bullish-Above 46100
Invalid-Below 45990
T-46320 46535
Bearish-Below 45900
Invalid-Above 46010
T- 45622 45377
BANKNIFTY has closed on a bullish note today with 0.47% gain today. Buy triggered as per trade setup above 45945 and inched slowly and steadily towards 1st target. Trade gave around 150 points move but the momentum was just too choppy. If it sustains above today's high - 46100 then a possibility of a good upside move is there. Below 45900 it will have a bearish stance. While important level for downside is 45600 in hourly TF.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 46100 then we will long for the target of 46320 and 46535.
For selling we need a 15 Min candle close below 45900. T- 45622 and 45377.
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.
Bullish-Above 46100
Invalid-Below 45990
T-46320 46535
Bearish-Below 45900
Invalid-Above 46010
T- 45622 45377
BANKNIFTY has closed on a bullish note today with 0.47% gain today. Buy triggered as per trade setup above 45945 and inched slowly and steadily towards 1st target. Trade gave around 150 points move but the momentum was just too choppy. If it sustains above today's high - 46100 then a possibility of a good upside move is there. Below 45900 it will have a bearish stance. While important level for downside is 45600 in hourly TF.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 46100 then we will long for the target of 46320 and 46535.
For selling we need a 15 Min candle close below 45900. T- 45622 and 45377.
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.
Trade active
It opened with a decent gap up, directly at 1st buy targetAs per analysis 10 o'clock range breakout was to be used which worked fantastic.
you can book some as per this
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