BankNifty 14/05/2021
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BankNifty to Open Gap Down ...!
Resistance Level :
1. 32600 to 32700 is Strong level of Resistance, of which 32700 is strong level.
2. 33000 is other strongest Resistance level.
Support Level :
1. 32300 to 32400 next Support level .
2. If there is huge Gap Down and 32400 to 32300 level is broken then, 32000 is Strong Support level below.
Sideways Possibility :
Less chance odf sideways market.
Trend Line:
Buy Above trend line at 32400.
Sell below trend line at 32300.
Note : Don't take a trade for first 15 min, let the market make the move and then trade. For Scalpers no suggestion.
Imp Note : On daily timeframe, BnkNifty is forming Head and Shoulder Pattern.. of which the Left Shoulder, Head is already formed and Right Shoulder with downtrend is forming. Please keep this in mind.
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis and do share with your friends as well.
BankNifty to Open Gap Down ...!
Resistance Level :
1. 32600 to 32700 is Strong level of Resistance, of which 32700 is strong level.
2. 33000 is other strongest Resistance level.
Support Level :
1. 32300 to 32400 next Support level .
2. If there is huge Gap Down and 32400 to 32300 level is broken then, 32000 is Strong Support level below.
Sideways Possibility :
Less chance odf sideways market.
Trend Line:
Buy Above trend line at 32400.
Sell below trend line at 32300.
Note : Don't take a trade for first 15 min, let the market make the move and then trade. For Scalpers no suggestion.
Imp Note : On daily timeframe, BnkNifty is forming Head and Shoulder Pattern.. of which the Left Shoulder, Head is already formed and Right Shoulder with downtrend is forming. Please keep this in mind.
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis and do share with your friends as well.
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