BANKNIFTY Intraday Trade Setup For 23 Nov 2023
BANKNIFTY Intraday Trade Setup For 23 Nov 2023
Bullish-Above 43515
Invalid-Below 43405
T- 43778 44031
Bearish-Below 43230
Invalid-Above 43340
T- 42948 42665
BANKNIFTY has closed on a bearish note with 0.55% cut today. Sell triggered as per trade setup below 43580 and gave a fantastic move till 43231.We already discussed yesterday that below 43660 bears will take charge so has happened. Tomorrow bearish move will continue below 43230 towards 42948. For a bullish move index has to make a bullish price structure above 43515, has to sustain.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 43515 then we will long for the target of 43778 and 44031.
For selling we need a 15 min candle close below 43230. T- 42948 42665.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Bullish-Above 43515
Invalid-Below 43405
T- 43778 44031
Bearish-Below 43230
Invalid-Above 43340
T- 42948 42665
BANKNIFTY has closed on a bearish note with 0.55% cut today. Sell triggered as per trade setup below 43580 and gave a fantastic move till 43231.We already discussed yesterday that below 43660 bears will take charge so has happened. Tomorrow bearish move will continue below 43230 towards 42948. For a bullish move index has to make a bullish price structure above 43515, has to sustain.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 43515 then we will long for the target of 43778 and 44031.
For selling we need a 15 min candle close below 43230. T- 42948 42665.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.