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BANKNIFTY - 15 MIN - FOR 25/03/2022 TRADE SETUP

Nifty Bank Index (NSE:BANKNIFTY)  
knstocks  
NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Supply and Demand bankniftytradesetup bankniftyintradaylevels
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supportandresistance supplyanddemand bankniftytradesetup bankniftyintradaylevels
Hello Traders,

Today BANKNIFTY was closed near its WEEK LOW --- 35375.

The 35375 level was very Strong SUPPORT in the higher timeframe and also on Tuesday PRICE formed a DOUBLE BOTTOM pattern and REVERSED which gave a 1000 points move.

Also it can act as a STRONG RESISTANCE when it gets BREAKEDOWN & RETEST.

IMPORTANT LEVELS ---- 35000 --- 35600 --- 35800 --- 36120.

1) GO LONG when BANKNIFTY takes SUPPORT at 35375 level.

TARGET -----> 35600 --- 35800 --- 36120.

2) GO SHORT when BANKNIFTY BREAKDOWN & RETEST 35375 level.

TARGET -----> 35000.


Do comment your thoughts...

Thank you <3.
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