bank nifty has been moving in a narrow range since 4th may. With diminishing volume , and reduced volatility ( which can been seen from Falling ATR and stretched Bollinger bands ).
we should seeing a big opportunity (800 -1000 + points) coming up , in next couple of days from a impulsive move . be ready from action
This tool can be used for Analysis , of Identifying SUPPORT and Resistance based in FIBONACCI Calculation . The default Pivots points provides with brokers only show 3 levels of support and resistance . But this tool includes 6 levels of resistance and support .Along with CPR .
I have customized this tool to work NSE bank nifty index, and have includes a floating...
Blue Line in the Chart represent , Support and Resistance.
White Line represent Trend Line
And Green Doted Line represent , intraday Support or Resistance .
Indicator Used are DMI and Stoch RSI with Bollinger Band