subhagghosh

#banknifty analysis for 28th May'2021

NSE:BANKNIFTY   NIFTY BANK
#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.

Regards,
SG

Comments

Bro, I do it for my passion.

I am a working professional, don't get enough time after doing trading and analysis.
+5 Reply
BRO DO YOU Have any youtube channel or do you teach stock market.. i haVE BEEN FOLLOWING FROM 4 MONTHS.. MOST ACCURATE ANALYSIS.. ALWAYS
+2 Reply
I am posting, bank nifty analysis daily for last 18 months might be.

check the previous posts, it's a great learning experience.

understand how market moves and be Aatmanirbhar
+1 Reply
sir your am following you from 10days when see you analysis chart I am feeling confident thank you sir
+1 Reply
BRO PLEASE TRY TO YOUTUBE LIVE TRADING.. ALOT MORE PEAOPLE.. WILL FOLLOW YOU ON YOUTUBE....
+1 Reply
SG:
Read last line

Already told u all, how market will behave.
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today buying cell r put pls suggest me
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@importantBus9838 I gave u the direction, u gave to decide what to buy to trade.
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will it go up to 35500
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