BANKNIFTY Intraday Trade Setup For 22 Aug 2022
BANKNIFTY Intraday Trade Setup For 22 Aug 2022
Buy-Above 39195
Sl-39090
T-39390 39565
Sell-Below 38845
Sl-38950
T-38650 38475 38290
So after a straight rally of more than 20% in 2 months we have taken a pause. Trailing sl in long got triggered on Friday as daily candle closed below PDL. A shooting star candle has been formed in weekly TF which indicates a trend reversal which will be the pullback of the whole up-move. Activation of the shooting star candle is below its low 38845. In case bulls take out the high then we will test ATH.
Coming to Monday's trade setup, a bearish engulfing has been formed in daily charts which indicates a bearish sentiment. So, if index opens flat and a 5 Min candle closes below 38845 then we will short for the target of 38650, 38475 and 38290. Book max @ 38280-90, PRZ placed.
For buying we need a 15 Min candle close above 39195. Upside targets will be 39390 and 39565.
Book max at 39565, PRZ placed.
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.
Weekly View
https://www.tradingview.com/x/jppYeZ09/
Buy-Above 39195
Sl-39090
T-39390 39565
Sell-Below 38845
Sl-38950
T-38650 38475 38290
So after a straight rally of more than 20% in 2 months we have taken a pause. Trailing sl in long got triggered on Friday as daily candle closed below PDL. A shooting star candle has been formed in weekly TF which indicates a trend reversal which will be the pullback of the whole up-move. Activation of the shooting star candle is below its low 38845. In case bulls take out the high then we will test ATH.
Coming to Monday's trade setup, a bearish engulfing has been formed in daily charts which indicates a bearish sentiment. So, if index opens flat and a 5 Min candle closes below 38845 then we will short for the target of 38650, 38475 and 38290. Book max @ 38280-90, PRZ placed.
For buying we need a 15 Min candle close above 39195. Upside targets will be 39390 and 39565.
Book max at 39565, PRZ placed.
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.
Weekly View
https://www.tradingview.com/x/jppYeZ09/
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.