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BANKNIFTY Weekly Trade Setup 17-Oct-2022 to 21-Oct-2022 | BANKNIFTY Prediction and Trade Plan for 3rd Week of October 2022

  • Trend: strong bullish.
  • Rally Condition: price cross above 39570.85.
  • Targets: 39804.93, 40237.70.
  • Pullback Condition: price fall below 39537.57.
  • Pullback Target: 39104.80.
  • Trend Failure Condition: price fall below 39104.80.
  • Failure Targets: 38672.03, 38437.95, 38404.67, 37971.90.
  • Breakout Rank: 7.
  • Resting Zone: 39004.40-39205.20 (77%)
  • Sellers Zone: 39537.57-39570.85
  • Buyers Zone: 38437.95-38672.03
  • Resistances: 39537.57, 39804.93, 40237.70
  • Supports: 38672.03, 38404.67, 37971.90
  • Previous Close: 39305.60 (127.55)

 

Disclaimer: These are only suggestive technical rules that have been found to work well over time in the market. These are not any trading or investing recommendations. We suggest you to take advice from certified experts for trading and investing. Neither PickMyStox nor any of its associates are responsible for any trading or investing loss.

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