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dhananjay.d.joshi
May 28, 2016 12:01 PM

Bank Nifty analysis for coming weeks  

Nifty Bank IndexNSE

Description



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.
Comments
dhananjay.d.joshi
I hope lines on chart are helping traders... :-)
AMBRISH
Thanks, it is resisting on Gann Square line.
dhananjay.d.joshi
Yes
dhananjay.d.joshi
I hope this chart is helping traders to decide on levels.. :-)
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