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BANKNIFTY Weekly Trade Setup 07-Nov-2022 to 11-Nov-2022 | BANKNIFTY Trade Plan for 2nd Week of November 2022

  • Trend: sideways to positive.
  • Trend Confirmation: price stays above 41251.62.
  • Trade Condition: price cross above 41677.25.
  • Targets: 41781.92, 41945.82, 42109.72.
  • Pullback Condition: price fall below 41579.41.
  • Pullback Target: 41251.62.
  • Trend Failure Condition: price fall below 41251.62.
  • Failure Targets: 40819.15, 40721.31, 40393.52.
  • Resistances: 41579.41, 41781.92, 42109.72
  • Supports: 40923.82, 40721.31, 40393.52
  • Bears Zone: 41579.41-41677.25
  • Bulls Zone: 40819.15-40923.82


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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