subhagghosh

#banknifty analysis for 4th June'2021

Long
NSE:BANKNIFTY   NIFTY BANK
#banknifty analysis for 4th June'2021

Decision Line:- 35,524 - 35,595

Resistance:- 35,960 / 36,326

Support Zone :- 35,370 / 35,142

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.

Regards,
SG .

Comments

Hii, Your Analysis will be really helpfull for those who are struggling to Study by their own from day trading.
+4 Reply
If you look at the analysis, the yellow line was showing probable move.

The price retracted from higher levels and touched lower support line near 35250-35280 zone.

Next upmove is left for next week.
+3 Reply
#banknifty analysis for 7th June'2021

Decision Line:- 35,524 - 35,595
Resistance:- 35,960 / 36,326
Support Zone :- 35,370 / 35,142

Sell-off only if 34,920 breaks.

Above 35,700 market will fly.
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