After Breakout Resistance Zone from 27 Sep Bank nifty made Rally of 200 Points Today, Making Higher highs and Higher Lows indicating Uptrend in market, Immediate support is 37600 levels and Resistance is 38100.
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Hello guys toorrow banknifty ll mostly bullish, as its forming pole n flag pattern which bullish pattern or some may called it Dow theory ,its shows uptrend sign,also RSI is above 65 level .if it in morning breaks 35457 level it ll may go upto 35830-35850 level.
this analysis is for education purpose .trade on your own risk.
Hope you are enjoying my predictions/analysis, just go through Banknifty 13/04/2021 -- Gudipadwa analysis and check my analysis for 31200 level as Resistance level.
As i said there would be Gap-up opening and we saw a resistenace near 31200 level, and as it was broken with large volume 1.30 pm it touched the level of 31800.
This was regarding...
1. Expecting some retracement in BANK NIFTY from 21900-920 levels keeping in mind if it will hold 21620-640 levels.
If levels of 21620-640 is breached Bank nifty might be heading for 21200-300 from current levels.
2. Bank Nifty shows channel movement in 15min chart and if this has to continue it might retrace from levels of 21800-920 towards 22300.