BANKNIFTY Intraday Trade Setup For 19 Apr 2022
Buy-Above 36970
Sl-36870
T-37150 37250 37350
Sell-Below 36600
Sl-36700
T-36450 36250 36100
BANKNIFTY has hit our target in sell side after the one week range broke. However this 700 points fall came with a big gap down. Now it has made a doji candle in daily TF. A reversal candle. It will be active only when it will sustain above its high i.e 36970. You can consider this as 37000 in safe side.
Coming to tomorrow's trade setup, we will long above 36970 if a 15 Min candle closes above this. Target will be 37150 and 37250+.
For selling a 15 Min candle closes below 36600 then sell targeting 36450 as 1st target. Below 36440 we can expect extended fall till 36200 and 36000.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range till 10'clock. Trade on this range breakout.
Buy-Above 36970
Sl-36870
T-37150 37250 37350
Sell-Below 36600
Sl-36700
T-36450 36250 36100
BANKNIFTY has hit our target in sell side after the one week range broke. However this 700 points fall came with a big gap down. Now it has made a doji candle in daily TF. A reversal candle. It will be active only when it will sustain above its high i.e 36970. You can consider this as 37000 in safe side.
Coming to tomorrow's trade setup, we will long above 36970 if a 15 Min candle closes above this. Target will be 37150 and 37250+.
For selling a 15 Min candle closes below 36600 then sell targeting 36450 as 1st target. Below 36440 we can expect extended fall till 36200 and 36000.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range till 10'clock. Trade on this range breakout.
