BANKNIFTY Intraday Trade Setup For 4 Oct 2022
BANKNIFTY Intraday Trade Setup For 4 Oct 2022
Buy-Above 38390
Sl-38280
T-38560 38800
Sell-Below 37960
Sl-38070
T-37690 37400
BANKNIFTY has closed with 1.56% cut and formed an inside candle in daily TF. Breakout of the mother candle's range will give us a move either side. Last we planned to short below 37530 this trade worked perfectly but it opened with a big gap down. So we already planned to trade 10 o'clock range breakout in case of gap up/down. It broke downside and gave a move but with huge volatility.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes below 37960 then we will short for the target of 37690 and 37400. A pullback before breakdown is needed.
For buying we need a 15 Min candle close above 38400. 1st target will be 38560 then 38800+.
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 38390
Sl-38280
T-38560 38800
Sell-Below 37960
Sl-38070
T-37690 37400
BANKNIFTY has closed with 1.56% cut and formed an inside candle in daily TF. Breakout of the mother candle's range will give us a move either side. Last we planned to short below 37530 this trade worked perfectly but it opened with a big gap down. So we already planned to trade 10 o'clock range breakout in case of gap up/down. It broke downside and gave a move but with huge volatility.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes below 37960 then we will short for the target of 37690 and 37400. A pullback before breakdown is needed.
For buying we need a 15 Min candle close above 38400. 1st target will be 38560 then 38800+.
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.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.