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subhagghosh
May 25, 2021 4:00 PM

#banknifty analysis for 26th May'2021 

Nifty Bank IndexNSE

Description

#banknifty analysis for 26th May'2021

Decision Line:- 34,733

Resistance:- 35,055 / 35,270 / 35,576 / 35,967

Support Zone :- 34,573 / 34,245 / 34,015

One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.

E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.

John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.

Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.

Regards,
SG
Comments
jkbastia2009
pj901
I am new to this. Could you clarify what Decision Line: 34,733 imply. Does it mean, the upside of 35407-35759 opens up and becomes a probable scenario if the decision line is crossed.
subhagghosh
@pj901, above 34,733 it's positive bias and vice versa
Santoshpansare
Thanks for your support!!
Rabbul
One of the finest analysis , thanks for helping retail trader...... Thanks for your support ❤️
subhagghosh
Learn price action & mass psychology
Pravin25sawant
can you please guide me as you possible
Pravin25sawant
please I am trying to learn from your chart
Pravin25sawant
can you explain how you get such a accuracy
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