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BANK NIFTY (SAUCER PATTERN) Trade Setup For 07 JUL 2023BUY ABOVE - 45390 SL - 45300 TARGETS - 45500,45650,45850 SELL BELOW - 45270 SL - 45340 TARGETS - 45100,45000,44900 Today (06/07/2023) Buy triggered above 45270 and it gave small gain of 140+ points just like yesterday (05/07/2023). It has formed a saucer pattern in 15 min time frame which is a bullish sign. Above 45390 we can expect good upside momentum. incase 45270 is broken then this will be invalid and there will be bearish action. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 45390 then we will go with upside trade for the targets of 45500,45650 & 45850. For selling we need a 15 candle close below 45270. targets 45100,45000 & 44900 In case of big gap up/down, wait till 10 O'clock and mark the high and low of the trading range. Trade on this range breakout. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. HAPPY TRADING GUYS
NSE:BANKNIFTY
by Jagadheesh_JP
14
NIFTY ASCENDING TRIANGLE - 04/07/2023NIFTY50 Formed ASCENDING TRIANGLE PATTERN BUY ABOVE - 19330 SL - 19290 TARGETS - 19400,19470,19540 SELL BELOW - 19290 SL - 19330 TARGETS - 19250,19200,19160 Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. HAPPY TRADING GUYS
NSE:NIFTY
by Jagadheesh_JP
5
BANK NIFTY SYMMETRICAL TRIANGLE - 04/07/2023BANK NIFTY Formed SYMMETRICAL TRIANGLE PATTERN BUY ABOVE - 45250 SL - 45140 TARGETS - 45350,45500,45640 SELL BELOW - 45100 SL - 45220 TARGETS - 44900,44790,44700 Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. HAPPY TRADING GUYS
NSE:BANKNIFTY
by Jagadheesh_JP
8
BANKNIFTY--Will Touch ATH ??Observations:: The Banknifty index is showing selling pressure in ths zone @43900 level... but failed to take the price below yesterday's supply zone @43700 levels. until price breaks this level and retest don't think of short again... False breakdown may also happens....don't go for short until price breaks 43600 level. It may again reverse... if we see the chart, price respect the demand zone @43400 and will again moving upwards... on top we have strong resistance levels @44100-44200 level... if price consolidates between these 2 levels and will gives us breakout... if price consolidates between 44100-44200 level and moves upward.. we have strong fall area 44350 level,may push the price downwards again but area of value @44100-44200 will again push the price upside... so consider it as a pullback to 44100-44200 level. Again price is also near its trendline breakout...
NSE:BANKNIFTY
by IIT-Trader
2