Hello Traders,
Today BANKNIFTY was in a very tight range - CONSOLIDATION.
Whenever there is a tight consolidation the breakout will give a strong price movements in the direction of the breakout.
IMPORTANT LEVELS -----> 36615 --- 37235 --- 37720 --- 38800
1) GO LONG - if BANKNIFTY gave a breakout in the upper direction.
TARGET ---> 38800
2) GO SHORT - if BANKNIFTY breakdown ( gap fill may occur )
TARGET ---> 36615
Do comment Your Thoughts...
Thank you <3
Today BANKNIFTY was in a very tight range - CONSOLIDATION.
Whenever there is a tight consolidation the breakout will give a strong price movements in the direction of the breakout.
IMPORTANT LEVELS -----> 36615 --- 37235 --- 37720 --- 38800
1) GO LONG - if BANKNIFTY gave a breakout in the upper direction.
TARGET ---> 38800
2) GO SHORT - if BANKNIFTY breakdown ( gap fill may occur )
TARGET ---> 36615
Do comment Your Thoughts...
Thank you <3