Bank nifty possible Levels for 17/06/2020

Above is yesterday's uploaded chart for today.

As we can see below, price opened around 20500 levels for the day, shown with purple horizontal line (upper one). And went upside to touch the oblique resistance line (shown in red in yesterday's chart).

From there it reversed and went down side to touch the lower horizontal support line.

And finally closed in between levels as we thought, that it might respect the triangle formed with converging resistance line and horizontal support line.

Didn't gave breakout on any side as didn't break any area, support or resistance.

Overall around 1100 points move was there in between the lines!! From 20600 to 19500!! (One lot of bank nifty is of 20 quantity, so 22000 rs. move it was from top to bottom with only 1 lot in a single day 😱😵 ,that is  power of bank nifty; guys!! 😜😜 One is good trader if catches 10-20% of that move also!)

Also same levels are valid for tomorrow 17/06/2020 also, we might see price trying to break any one side, 

         ~If breaks with good conviction, one can trade breakout,

         ~If not with good structure, wait for the retracement and then wait for good structure in direction of breakout,

         ~And if no good structure found at retracement level, that means breakout is failed, and should play reversal, as price will try to go to middle of both the levels once again!

Hope you liked this simple analysis!