BANKNIFTY - 15 MIN - FOR 14/03/2022 TRADE SETUP

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.