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Supportandresistence

BANKNIFTY LEVELS 08/05/2023 BANKNIFTY ANALYSIS WITH LOGIC: 1. Considering this week levels if there's gap up in price on today intraday session, price should get reversal from 43070 level then we will short up to 42430 level with strong movement. 2. If there's gap down in price below 42430 level if there's any reversal at 42430 level with strong bearish 15m candle, then only we will short our positions up to 41960 level as our first target. 3. If price continues to move downwards, we continue to trail our positions till the level of 41140 as of second target. 4. If there's flat opening no trades shall be taken during first half intraday session. Have a safe and profitable trading :)
NSE:BANKNIFTY
by ramsaisujan
Federal Bank - Support and ResistanceThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade. Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:FEDERALBNKLong
by Sai_Chandra