Banknifty trade setup for 10-07-2023

BankNifty Important intraday levels to watch for 10-07-2023


#Support: 44840
Short if candle closes below 44840

#resistance: 45096
Long if candle closes above 45100


#Targets on downside after break of support.
Target 1= 44720
Target 2= 44520

#Targets on upside after break of resistance.
Target 1= 45230
Target 2= 45400
Target 3= 45650

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Queries will be answered in comment section.

Commentaire:

Support broken wait for this to sustain.

Commentaire:

almost reached target 1 on downside

Commentaire:

falling wedge pattern is spotted as per 15 minute time frame.

expected scenario,
if banknifty closes above 44910-44920 immediate resistance, we can expect gap up or positivity in the tomorrow's session for short term.

Commentaire:

just the way as predicted yesterday !

Commentaire:

achieved target as suggested yesterday and Rejected exactly from the same point as shown in the chart.

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