#banknifty analysis for 28th May'2021

#banknifty analysis for 28th May'2021

Decision Zone:- 34,860 - 35,006

Resistance:- 35,200 / 35,550 / 35,960 / 36,350

Support Zone :- 34,751 / 34,410 / 34,142 / 33,850

Rising Wedge is not a good sign, book profit at higher levels.

One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.

E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.

John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.

Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.



ok thank you for your 28th analysis
+3 Reply
Hello sir..what about Monday
Whether It will continue in 💚
+2 Reply
@seeekhar check my today post
Hi sir, can we expect 35600 today
+2 Reply
@rasool1114 it's tough, market already sold off, at higher levels.

read my last line of the post.
+2 Reply
+1 Reply
yes, any book to study Technicals
+1 Reply
Hi, can you please suggest some books to read to improve my analysis, I find you analysis very accurate.
+1 Reply
Hello sir what will happen if bank nifty open gapup on monday !? Will it sustain or it will follow this pattern again
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