Thursday, October 15

Bank Nifty again get resisted at gann line,EOD Analysis

  • Bank Nifty Opened with gap up and tried to move above the resistance zone of 17750 where we have multiple top but again made a high of 17752 and fall back,As shown in gann box chart bank nifty was unable to move above 1x1 line and pyrapoint chart also unable to close above 180 degree angle, continuing with its consolidation mode .17850 is breakout area for 18050/18144 and 17350 is breakdown area for 17177/17000, In between its pure consolidation mode. The ‘formula’ for trading Success :Consistency
Gann Box

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