Banknifty is range bound since 06 Feb 2023.
its inside a BOX.
upper range of Box is 41800. you may plan a Breakout trade above 41800 with SL below 41600 and tgt upto 42000-42100.
lower range of Box is 41100. you may plan a Breakdown trade below 41100 with SL above 41260 and Tgt upto 39800-39500-39000.
Important levels which will act as support and resistance are 41800-41600-41450-41260-41100.
These are my personal view and these are for educational and paper trading purpose only. please consult your financial advisor before investing.
Tc Happy Trading :-)
its inside a BOX.
upper range of Box is 41800. you may plan a Breakout trade above 41800 with SL below 41600 and tgt upto 42000-42100.
lower range of Box is 41100. you may plan a Breakdown trade below 41100 with SL above 41260 and Tgt upto 39800-39500-39000.
Important levels which will act as support and resistance are 41800-41600-41450-41260-41100.
These are my personal view and these are for educational and paper trading purpose only. please consult your financial advisor before investing.
Tc Happy Trading :-)