Hope you all are fit and fine ... Stay Safe and Trade safe...!
As predicted in my previous analysis about the Possible No Trade Zone ... between 35100 to 35300, most time of the day BnkNifty continued to trade in those levels.
BankNifty can Open Flat/Neutral .... Tomorrow ...!
1. Good resistance exists between 35100 to 35250.
2. Strong Resistance at 35500.
1. 35000 is Good
2. 34400 is next .
Important Note :
Take a look at Red Circle Highlighted ... what it point outs?
What happens when a major Resistance is broken ...? Next it act as a Support ...! ...e.g 35000
Keep in mind we still have a Small between 35100 to 35250 .. So don't jump into the trade as market opens ...
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand for Retail Trader who are new to Market.
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You have asked the perfect question at right time...
It's my kind request to all the followers to watch the Detail Video of Intraday Levels, where i have explained in short the Ascending triangle and its possibility of Up Ward Breakout.
This is why i have been telling you guys to go through the basics .. Learn ....what i have said in the comments.
In one of the post i had specified you all to atlaest learn following things :
1. CandelSticks -- different types.
2. Pattern Formation -- most important for Breakout.
3. Support and Resistance.
Do not miss guys ..its of great learning.
It becomes difficult to explain few things on Chart and describing it in the comments, where it becomes easy in the video to point on the chart and describe.
Going forward i will be posting videos for Intraday levels.
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