NiftyBank Weekly Key trading levels for 11thjuly-15thJuly 2022
#NiftyBank Weekly Key trading levels for 11thjuly-15thJuly 2022
Long Positions:
I) If Banknifty sustain above 35200 on Hourly Time then Long Positions can be made with stop loss below 34890 for a 1st Target of 35600. If Further sustains above 35650 the 2nd Target will be 36000.. and further breakdown above 36080 then final target would be 36900 to 36950.
II)Incase It retrace back till 34633 to 3464 and shows Bullish price action long position can be created at 34650 for target of 35272 and other long targets mentioned above will continue....
III)In case of Price take support at 34200 the long position can be created with stop of 34100 for the target of 34600 to 34650.
Short Positions
I)Incase Price Get rejected from 35600 level then short position can be created with stop loss of 35660 level for the 1st Target of 3270 and 2nd target of 34600.
II)Break down below 346300 level short position can be created with stop loss of 34650 for the Target of 34160.
III) Further breakdown below 34160 short position can be created with stop loss at 34200 for 1st short target of 33500 and 2nd 2nd target of 33200.
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Long Positions:
I) If Banknifty sustain above 35200 on Hourly Time then Long Positions can be made with stop loss below 34890 for a 1st Target of 35600. If Further sustains above 35650 the 2nd Target will be 36000.. and further breakdown above 36080 then final target would be 36900 to 36950.
II)Incase It retrace back till 34633 to 3464 and shows Bullish price action long position can be created at 34650 for target of 35272 and other long targets mentioned above will continue....
III)In case of Price take support at 34200 the long position can be created with stop of 34100 for the target of 34600 to 34650.
Short Positions
I)Incase Price Get rejected from 35600 level then short position can be created with stop loss of 35660 level for the 1st Target of 3270 and 2nd target of 34600.
II)Break down below 346300 level short position can be created with stop loss of 34650 for the Target of 34160.
III) Further breakdown below 34160 short position can be created with stop loss at 34200 for 1st short target of 33500 and 2nd 2nd target of 33200.
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Trade active:
1st Long Target achieved