kiranrshinde

Banknifty Prediction Analysis Intraday Levels, 6 Aug

Short
NSE:BANKNIFTY   NIFTY BANK
Hello Traders,
Banknifty forming Head & Shoulder Pattern
Following are my analysis:

Resistance Level :
1. Good Resistance Zone at 36100-200
2. Strong Resistance at 36500
3. Stronger Resistance at 36000.
* Increasing resistance above 36000.

Support Level :
1. 35200-300 is Good Support Zone .
2. 35700 is a Good Support Level .
3. 35500 is Stronger Support Level .

No Trade Zone :
35670-35850

Trend Line:
Sell Below Both Red Trend Lines .

Head & Shoulder Pattern:
Watch-out for Breakdown of 35700 levels.

This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.

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