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BANKNIFTY Trade Setup 19-Oct-2022 | BANKNIFTY Trade Plan Wednesday 19 October 2022

  • Trend: strongly bullish.
  • Rally Condition: price cross above 40435.35.
  • Targets: 40593.48, 40741.23.
  • Pullback Condition: price fall below 40410.86.
  • Pullback Target: 40297.98.
  • Trend Failure Condition: price fall below 40297.98.
  • Failure Targets: 40185.10, 40139.85, 40115.36, 40002.48.
  • Breakout Rank: 4.
  • Resting Zone: 40287.60-40308.37 (9%)
  • Sellers Zone: 40410.86-40435.35
  • Buyers Zone: 40139.85-40185.10
  • Resistances: 40410.86, 40480.60, 40593.48
  • Supports: 40185.10, 40115.36, 40002.48
  • Previous Close: 40318.75 (398.30)

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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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