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 🙏🏼