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BANKNIFTY TECHNICAL LEVELS FOR 29 JULY 2022 WITH REASONS..!!

 BANK NIFTY TECHNICAL ANALYSIS FOR 29 JULY.

AS WE SEE TODAY.. NIFTY AND BANK NIFTY IS VERY BULLISH AND EXPECTED MORE BULL RUN LIKE TODAY, YOU NEED TO KNOW BEFORE SOME POINTS, SOME LEVELS, ETC. BEFORE ENTRY OF ANY TRADE CE,PE ON FRIDAY. LET'S SEE WITH TEAM TRADE WITH QMN AND KNOW TECHNICAL ANALYSIS OF BANK NIFTY. CHECK OUR LAST POST RESULT, WHAT WE PLAN ONE DAY AGO AND WHAT WAS A DAY FROM THOSE LEVEL, CHECK.
BANKNIFTY 1D - 37378.15 (CMP)

TEAM TRADE WITH QMN IS BULLISH ON FRIDAY'S BANK NIFTY, AS PER THE SUPPORT RESISTANCE AND SUPPLY ZONE LEVEL 38740 TO 37930 IS BIG, WHERE BANK NIFTY WILL CONSOLIDATE OR REJECT FROM THAT LEVEL AND IMPOSSIBLE TO BREAK THAT LEVEL IN JUST ONE OR TWO CANDLES. VERY HIGH CHANCE OF REJECTION FROM THAT LEVEL AND CREATE BIG BIG RED CANDLES, 36080 IS OUR NEXT TARGET. THAT ALL IS OUR NEXT STEP, IN THE FIRST STEP WE ARE BULLISH IN BANKNIFTY.

1. SET YOUR FIRST TARGET 37930
2. SET YOUR SL 10% OF YOUR CAPITAL FOR BEST RISK REWARD RATIO.
3. TAKE ENTRY AFTER BREAK 37445.
ENTRY, EXIT, STOPLOSS

DON'T ENTER BEFORE 15 MIN CANDLE CLOSING, WE ARE REQUIRED TO BREAK RESISTANCE AND CLOSES 15MIN CANDLE ABOVE THE RESISTANCE LEVEL. OUR ORDER WILL BE EXECUTE AFTER CLOSING OF 15MIN CANDLE, DONT EXIT BEFORE TARGET.

STRUCTURE OF RISK REWARD RATIO

IF PRICE IS RANGE BOUND TOMORROW THEN HOLD THE POSITIONS AS BTST (BUY TODAY SELL TOMORROW) DON'T BOOK ON CENTER OF THE STRUCTURE. BOOK STOPLOSS OR BOOK TARGET.

IMPORTANT NOTE -
THESE ALL INFORMATION IS FOR EDUCATION PURPOSE ONLY, NOT FOR REAL TRADE.
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