BANKNIFTY CHART ANALYSED FOR 7th MAY
BANKNIFTY AT VERY CRUCIAL LEVELS
We can expect UNIDIRECTIONAL MOVE if 33000 is broken with proper candle close for going long
Reasons being :-
Banknifty has been consolidating since last 2-3 trading sessions and this accumulation breakout can give huge movements
Formation of CUP and HANDLE pattern which is also a bullish continuation pattern moreover it has formed ascending triangle pattern which signifies strong bullishness if 33000 mark is broken with proper candle close
33000 is a psychological level which has been respected and tested for 2-3 times making that resistance weak and hence breaking of that very resistance can give at least 200-300 points UNIDIRECTIONAL move ✅
MAKE SURE ONLY GO LONG IF 33000 mark is broken with proper candle close 🙏🏼
We can expect UNIDIRECTIONAL MOVE if 33000 is broken with proper candle close for going long
Reasons being :-
Banknifty has been consolidating since last 2-3 trading sessions and this accumulation breakout can give huge movements
Formation of CUP and HANDLE pattern which is also a bullish continuation pattern moreover it has formed ascending triangle pattern which signifies strong bullishness if 33000 mark is broken with proper candle close
33000 is a psychological level which has been respected and tested for 2-3 times making that resistance weak and hence breaking of that very resistance can give at least 200-300 points UNIDIRECTIONAL move ✅
MAKE SURE ONLY GO LONG IF 33000 mark is broken with proper candle close 🙏🏼
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