BANKNIFTY Trade Setup for 27-Sep-2022 | BANKNIFTY Trade Plan for Tuesday 27 September 2022

 

• Sentiment: strongly bearish. Downtrend continues.
• Rally Condition: price fall below 38492.
• Targets: 38042.08 and 37673.48.
• Pullback Condition: price rise above 38498.
• Pullback Target: 38779.28.
• Sentiment Change Condition: price rise above 38779.28.
• Targets: 39060.89 to 39229.40 and 39234.87 or 39516.48.
• Breakout Rank: 7.
• Previous Close: 38616.25 (-930.00)
• Sellers Zone: 39060.89 - 39229.40
• Resting Zone: 38697.77 - 38860.80
• Buyers Zone: 38492.20 - 38497.67
• Resistances: 39060.89, 39234.87, 39516.48
• Supports: 38497.67, 38323.69, 38042.08

 

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.