BANKNIFTY Intraday Trade Setup For 24 Aug 2022
BANKNIFTY Intraday Trade Setup For 24 Aug 2022
Buy-Above 38870
Sl-38650
T-39190 39375 39555
Sell-Below 38490
Sl-38600
T-38200 38000
BANKNIFTY has closed on a positive note today with more than 1% gain. It opened with a decent gap down near 37950 and a sharp recovery was seen from opening levels which a PRZ level plotted in yesterday's setup. Last day we planned to trade the 10 o'clock range in case of any big gap up/down. 10 o'clock range broke upside above 38570 and gave a move till 38869.
Coming to tomorrow's trade setup, if we open flat and a 5/15 Min candle closes above 38870 then we will long for the target of 38200. Next upside targets will be 39375 and 39555.
For selling we need a 5/15 Min candle close below 38490. Post breakdown we will short for the target of 38200 Below 38180 we will test 37950 again.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
Buy-Above 38870
Sl-38650
T-39190 39375 39555
Sell-Below 38490
Sl-38600
T-38200 38000
BANKNIFTY has closed on a positive note today with more than 1% gain. It opened with a decent gap down near 37950 and a sharp recovery was seen from opening levels which a PRZ level plotted in yesterday's setup. Last day we planned to trade the 10 o'clock range in case of any big gap up/down. 10 o'clock range broke upside above 38570 and gave a move till 38869.
Coming to tomorrow's trade setup, if we open flat and a 5/15 Min candle closes above 38870 then we will long for the target of 38200. Next upside targets will be 39375 and 39555.
For selling we need a 5/15 Min candle close below 38490. Post breakdown we will short for the target of 38200 Below 38180 we will test 37950 again.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.