BankNifty Travelling inside Flag pattern in 15 Mints Chart

12 Jul 2023

Good Morning Traders,
We have seen Chart and got to know that Banknifty has formed a bullish flag pattern and it is travelling inside the Flag pattern, i am talking behalf of 15 mints chart.
I think today or till tomorrow this should give breakout for upside. Let's see what is happening, we will trade accordingly, but before to that we will find opportunity to trade. There is two strategy ther, first one go with levels which i have marked on chart, 2nd you can buy and sale near to flag support and resistance trendlines if you see any kind of genuine price reversal pattern.

IMPORTANT LEVELS FOR BANKNIFTY:-

Buy above 44880, if levels got sustained at least for 15 mints.
Targets will be 45015/45089
Stop loss will be 44721

Sale below 44649, if levels got sustained at least for 15 mints.
Targets will be 44537/44370
Stop loss will be 44775

Note:- Always wait for the best entry levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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Thankyou.

Regards
Rahul Pal