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Banknifty

Long
NSE:BANKNIFTY   NIFTY BANK
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how you could predict such things in Chart? what all other factors you analysed before coming to conclusion
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OnlyCharts vsankeshwar
@vsankeshwar, I follow below approach.

First thing is to consider the overall trend of the market, look at 4hr and above TF. We are bullish on 4hr and above.

Second, on the smaller TF, look for entries in the direction of bigger TF trend ( bullish).

Third, I always look for PA on smaller TF and market structure which we had seen today also . The same patter as seen in the chart was found today also but a bit lower around 23200. My long trigger today was 23270 with SL below 23200 on M15 TF.
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All of those who where short using technical analysis need to think differently.
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according to your analogy even the pro traders got faked out, so your analogy basically is baseless
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OnlyCharts avik331
@avik331 wait and watch. SL still intact.

This is how Market manipulation works.
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karthikrijo OnlyCharts
@OnlyCharts, markets will do what it has to do. It doesn't know whether retail is buying it or a pro. Only thing matters is the quantum of order. So nobody can predict the market. As per my analysis market should fall below 22800 within Friday.
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OnlyCharts avik331
@karthikrijo if yoy are not able to predict the movement. This is not your cup of tea
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