dhananjay.d.joshi

Bank Nifty analysis for coming weeks

NSE:BANKNIFTY   NIFTY BANK
snapshot

Shared chart is the road map for bank nifty             movement for next few weeks. we have supply zone at 17859 to 18000
127% of Fibonacci level is also clubbing with supply zone .

All green lines are Gann square lines derived from different numbers, price is responding to these line nicely.
One can use these lines for stops or targets. Red and Green zones are supply and demand zones respectively.
I hope lines on chart are helping traders... :-)
Reply
Thanks, it is resisting on Gann Square line.
Reply
Yes
Reply
I hope this chart is helping traders to decide on levels.. :-)
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