#BankNifty's route=map for 17th May

I have mentioned both LONG & SHORT levels along with all support & Resistance levels too as i found important.

Please have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.

This Analysis has Based on Harmonic Pattern, Fibo & Price action.

Note:- Any of the mentioned levels will be considered for LONG or SHORT, when a fresh candle starts forming above or below the level respectively.


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HAVE A GOOD GREEN TRADE

Kommentera:

As can be seen there are several swing's Top, coz price has tried many time to break 34000 level & failed. coz its another Zone above 34k, if price get entered once it will start trading above & above only.

Be careful around 34160-80, its Trap area. if close above 34200.
Then 34500-50.

Kommentera:

Don't consider any SHORT position until price close below 34015...
It's just a illusion creating by writers....

LONG only above 34215-20....should wait till then

Kommentera:

Short level changed, now it will be Below 34045 after candle close...

Kommentera:

Pattern is so close to complete...so chances are there that price will touch 34300 today.