BANKNIFTY weekly chart study|Shivaratri special trishul analysis
BANKNIFTY weekly chart study.
Mahashivaratri special analysis using Lord Shiva's trishula (pitchfork) _/\_
On weekly chart also 25000 seems to be important. If yellow line is broken BankNifty could get pushed to lower levels 24000-22000
At the same time median line could offer strong resistance. Once the purple line is broken BankNifty could make a strong bullish move towards 32000-40000
In general the bigger trend is in favor of bulls. So any fall up to 21000 can be a buying opportunity.
Please use this as a reference along with your analysis.
Mahashivaratri special analysis using Lord Shiva's trishula (pitchfork) _/\_
On weekly chart also 25000 seems to be important. If yellow line is broken BankNifty could get pushed to lower levels 24000-22000
At the same time median line could offer strong resistance. Once the purple line is broken BankNifty could make a strong bullish move towards 32000-40000
In general the bigger trend is in favor of bulls. So any fall up to 21000 can be a buying opportunity.
Please use this as a reference along with your analysis.
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BankNifty day chart study
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Maha Shivatari special analysis using trishula 🔱(pitchfork)
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Lets worship Shiva's gana and vahana Nandi the bull _/\_ to keep bears away