BANKNIFTY CHART ANALYSED FOR 31st MARCH 2021
Did exactly what we discussed yesterday
~ opened above 33600 and one sided rally made till 33950 then the market remained sideways through the day
NOW WHAT FOR TOMORROW??
Since BANKNIFTY remained sideways through the day it gave us the potential levels for tomorrow,
we can also see INVERTED HEAD AND SHOULDERS PATTERN which is also a BULLISH continuation pattern
So the levels stand as 33950 as its first resistance and breaking of that very level with proper candle close can lead to good 400-500 moves 🔥
Below we can see 33600 standing as an important SUPPORT being tested multiple times and also the gaps below which is still unfilled that can be filled with breaking of this support
Till the levels are broken, stay idle and wait for these levels to get breached 🙏🏼
~ opened above 33600 and one sided rally made till 33950 then the market remained sideways through the day
NOW WHAT FOR TOMORROW??
Since BANKNIFTY remained sideways through the day it gave us the potential levels for tomorrow,
we can also see INVERTED HEAD AND SHOULDERS PATTERN which is also a BULLISH continuation pattern
So the levels stand as 33950 as its first resistance and breaking of that very level with proper candle close can lead to good 400-500 moves 🔥
Below we can see 33600 standing as an important SUPPORT being tested multiple times and also the gaps below which is still unfilled that can be filled with breaking of this support
Till the levels are broken, stay idle and wait for these levels to get breached 🙏🏼
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