Banknifty Expiry Trade Setup for 11-10-2023
BankNifty important levels to watch are as follows
#Support: 44330
Sell below: 44330 only on 15 minute candle closure below the level.
Target 1: 44200
Target 2: 44020
Target 3: 43840
#Resistance: 44490
Buy Above: 44490 only on 15 minute candle closure Above the level.
Target 1: 44620
Target 2: 44760
Target 3: 44890
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
#Support: 44330
Sell below: 44330 only on 15 minute candle closure below the level.
Target 1: 44200
Target 2: 44020
Target 3: 43840
#Resistance: 44490
Buy Above: 44490 only on 15 minute candle closure Above the level.
Target 1: 44620
Target 2: 44760
Target 3: 44890
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Comentário:
Price rejected after hitting target 1 on the upside, currently price is in no trading zone, wait patiently for breakout of demand or supply zones and take entry only on breakout on either side.
please use SL as per your risk appetite and manage your position sizing accordingly.
please use SL as per your risk appetite and manage your position sizing accordingly.
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Disclaimer: All the Views are purely for educational purpose.
Join Our free telegram channel for more detailed market views.
For Fully automated algo trading contact us:
t.me/investyourasset
Disclaimer: All the Views are purely for educational purpose.
demand and supply zones as per 3 min timeframe chart.