BANKNIFTY - 15 MIN - FOR 16/03/2022 TRADE SETUP
Hello Traders,
As we expected BANKNIFTY can't sustain above PREVIOUS WEEK HIGH - 35375.
And most importantly ----- 35000 level was broken and PRICE closed below that level.
In NIFTY also ----- 16800 level was broken and PRICE closed below that level.
So may be this is a sign of BEARISHNESS.
IMPORTANT LEVELS ------> 35000 --- 35375(pre week high) --- 35600.
------> 34625(week's low) --- 34400 --- 34000.
1) Only when BANKNIFTY break & retest PREVIOUS WEEK HIGH --- 35375, GO LONG.
TARGET -----> 35600.
2) Only when BANKNIFTY BREAKDOWN this week low --- 34625, GO SHORT.
TARGET -----> 34400, 34000.
Do comment your thoughts ...
Thank you<3.
As we expected BANKNIFTY can't sustain above PREVIOUS WEEK HIGH - 35375.
And most importantly ----- 35000 level was broken and PRICE closed below that level.
In NIFTY also ----- 16800 level was broken and PRICE closed below that level.
So may be this is a sign of BEARISHNESS.
IMPORTANT LEVELS ------> 35000 --- 35375(pre week high) --- 35600.
------> 34625(week's low) --- 34400 --- 34000.
1) Only when BANKNIFTY break & retest PREVIOUS WEEK HIGH --- 35375, GO LONG.
TARGET -----> 35600.
2) Only when BANKNIFTY BREAKDOWN this week low --- 34625, GO SHORT.
TARGET -----> 34400, 34000.
Do comment your thoughts ...
Thank you<3.
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