Hello traders,
Previous week BANKNIFTY was very BULLISH even though it faced some RESISTANCE.
It literally surged from 33200 to 34500.
* It is a 1500 POINTS UPMOVE.
IMPORTANT LEVELS ----> 33300 ---- 34000 ---- 35000 ---- 35600.
1) Last friday BANKNIFTY was in tight consolidation so a BREAKOUT OR BREAKDOWN may give a strong move.
2) If BANKNIFTY breaks 34000 level go SHORT
TARGET --- > 33300
3) If BANKNIFTY give a BREAKOUT & RETEST at 35000 level we can go LONG.
TARGET ---- > 35600
If BANKNIFTY opened with GAP UP or GAP DOWN the trade setup will change but the levels are same.
Do comment your thoughts ...
Thank you <3.
Previous week BANKNIFTY was very BULLISH even though it faced some RESISTANCE.
It literally surged from 33200 to 34500.
* It is a 1500 POINTS UPMOVE.
IMPORTANT LEVELS ----> 33300 ---- 34000 ---- 35000 ---- 35600.
1) Last friday BANKNIFTY was in tight consolidation so a BREAKOUT OR BREAKDOWN may give a strong move.
2) If BANKNIFTY breaks 34000 level go SHORT
TARGET --- > 33300
3) If BANKNIFTY give a BREAKOUT & RETEST at 35000 level we can go LONG.
TARGET ---- > 35600
If BANKNIFTY opened with GAP UP or GAP DOWN the trade setup will change but the levels are same.
Do comment your thoughts ...
Thank you <3.
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