subhagghosh

#banknifty analysis for 31th May'2021

NSE:BANKNIFTY   NIFTY BANK
#banknifty analysis for 31th May'2021

Decision Line:- 35,142

Resistance:- 35,524 / 35,960 / 36,326

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

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

Hello sir what will happen if bank nifty open gapup on monday !? Will it sustain or it will follow this pattern again @subhagghosh
+8 Reply
@niyas1305 read chart, ans there 🙏
Reply
Shivam311 subhagghosh
@subhagghosh, are there chances of gap down on monday? As there were more sellers on CE option than buyers
Reply
You are too Good, have been following you on twitter and telegram, keep up the good work, God Bless
+7 Reply
rohit42018 hungryCheese9188
@hungryCheese9188, telegram link pls
+12 Reply
you are wrong gapup opening and retest sport than watch
Reply
Sir if Monday bn remain bullish without giving notable correction
can we expect good rally upto 36000?
and in case if it goes down upto your level will there be sudden bounce or it will recover on expiry?
Reply
@uttamvaghela correction is needed to move up further, one side upside will be dangerous
+1 Reply
If u all find it useful , like it.
Reply
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