BANK NIFTY (SAUCER PATTERN) Trade Setup For 07 JUL 2023
Updated
BUY 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
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
Note
If any doubts you have just comment below in the comment boxTrade active
Trade activated at 10:15amTrade closed: target reached
Target 2 Reached Trade closed: target reached
ALL 3 TARGETS COMPLETED FOR TODAYENJOY THE PROFITS
Note
Are you guys satisfied with today's levels
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