BANKNIFTY - 15 MIN - FOR 16/03/2022 TRADE SETUP
Hello Traders,
As we expected BANKNIFTY can't sustain above PREVIOUS WEEK HIGH - 35375.
And most importantly ----- 35000 level was broken and PRICE closed below that level.
In NIFTY also ----- 16800 level was broken and PRICE closed below that level.
So may be this is a sign of BEARISHNESS.
IMPORTANT LEVELS ------> 35000 --- 35375(pre week high) --- 35600.
------> 34625(week's low) --- 34400 --- 34000.
1) Only when BANKNIFTY break & retest PREVIOUS WEEK HIGH --- 35375, GO LONG.
TARGET -----> 35600.
2) Only when BANKNIFTY BREAKDOWN this week low --- 34625, GO SHORT.
TARGET -----> 34400, 34000.
Do comment your thoughts ...
Thank you<3.
As we expected BANKNIFTY can't sustain above PREVIOUS WEEK HIGH - 35375.
And most importantly ----- 35000 level was broken and PRICE closed below that level.
In NIFTY also ----- 16800 level was broken and PRICE closed below that level.
So may be this is a sign of BEARISHNESS.
IMPORTANT LEVELS ------> 35000 --- 35375(pre week high) --- 35600.
------> 34625(week's low) --- 34400 --- 34000.
1) Only when BANKNIFTY break & retest PREVIOUS WEEK HIGH --- 35375, GO LONG.
TARGET -----> 35600.
2) Only when BANKNIFTY BREAKDOWN this week low --- 34625, GO SHORT.
TARGET -----> 34400, 34000.
Do comment your thoughts ...
Thank you<3.
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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.
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.