BANKNIFTY Intraday Trade Setup For 29 Apr 2024
تم تحديثه
BANKNIFTY Intraday Trade Setup For 29 Apr 2024
Bullish-Above 48510
Invalid-Below 48400
T- 49070
Bearish-Below 48070
Invalid-Above 48180
T- 47550
BANKNIFTY has closed on a neutral note last week, formed a spinning top candle in weekly TF. Index is just following the rising parallel channel since Feb. Last swing low in hourly TF is 47737, below 47700 there can be a good selling. In the higher side 48680 is the high made so above 48700 fresh ATH move will be triggered.
https://www.tradingview.com/x/mlwkcdFq/
Between this one needs to have non-directional approach. 48510 and 48070 are intraday levels for Monday.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 48510 then we will long for the target of 49070.
For selling we need a 15 Min candle close below 48070. T- 47550.
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 48510
Invalid-Below 48400
T- 49070
Bearish-Below 48070
Invalid-Above 48180
T- 47550
BANKNIFTY has closed on a neutral note last week, formed a spinning top candle in weekly TF. Index is just following the rising parallel channel since Feb. Last swing low in hourly TF is 47737, below 47700 there can be a good selling. In the higher side 48680 is the high made so above 48700 fresh ATH move will be triggered.
https://www.tradingview.com/x/mlwkcdFq/
Between this one needs to have non-directional approach. 48510 and 48070 are intraday levels for Monday.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 48510 then we will long for the target of 49070.
For selling we need a 15 Min candle close below 48070. T- 47550.
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.
تم فتح الصفقة
BANKNIFTY - Hourly TF Update48700-49350+
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.