BANKNIFTY Intraday Trade Setup For 26 Sep 2022
BANKNIFTY Intraday Trade Setup For 26 Sep 2022
Buy-Above 39650
Sl-39535
T-39820 40000 40300
Sell-Below 39410
Sl-39525
T- 39250 39151 38960
BANKNIFTY has closed on negative sentiment on Friday with 2.67% cut. Last day we planned to short below 40500 and it hit all targets with extended gains (40500-39415). Important range (41850-40280) shifted on Friday and that was the reason behind a fast downside move. The breakout level was also the low of the weekly shooting star which got triggered hence a double force move came. Trail sl to cost for any further fall.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 39650 then we will long for the target of 39821 and 40000. Above which we can retest breakdown level- 40300.
For selling we need a 5 Min candle close below 39410. Downside targets will be 39250 and 39150. Below that we will head towards 38775.
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 39650
Sl-39535
T-39820 40000 40300
Sell-Below 39410
Sl-39525
T- 39250 39151 38960
BANKNIFTY has closed on negative sentiment on Friday with 2.67% cut. Last day we planned to short below 40500 and it hit all targets with extended gains (40500-39415). Important range (41850-40280) shifted on Friday and that was the reason behind a fast downside move. The breakout level was also the low of the weekly shooting star which got triggered hence a double force move came. Trail sl to cost for any further fall.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 39650 then we will long for the target of 39821 and 40000. Above which we can retest breakdown level- 40300.
For selling we need a 5 Min candle close below 39410. Downside targets will be 39250 and 39150. Below that we will head towards 38775.
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.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.