BankNifty 14/05/2021
Hope you all are fit and fine ... Stay Safe and Trade safe...!
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.