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Simple Trade Setup | BANKNIFTY | 12-10-2022 [INTRADAY]

Nifty Bank Index (NSE:BANKNIFTY)  
Trading_hawk  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis niftybank niftybankanalysis BANKNIFTY bankniftytradesetup bankniftytrend niftybanktradesetup bankniftyprediction bankniftyanalysis Contains image
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trendanalysis niftybank niftybankanalysis banknifty bankniftytradesetup bankniftytrend niftybanktradesetup bankniftyprediction bankniftyanalysis containsimage
BANKNIFTY

Observations:
1) Today it made Head and shoulder pattern and gave breakdown of it.

Please refer below chart : 5min time frame.
snapshot


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Trade Setup for 12-10-2022

1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.

2) Everything is mentioned on the chart. I hope it is easy to understand.

3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.

4) Avoid gap up or gap down chase. Wait and trade between levels.

Please refer below chart for levels.
snapshot

Hope I made it easy to understand it.

Do comment your doubt or suggestion.

Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
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