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.
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.