Banknifty daily channel for identifing direction. Long

Nifty Bank IndexNSE

Description

⋅ Jul 7, 2019 6:23 AM

Price is trading at control price which reacts like a gravitating.
Detect "series of Doji" which indicate that uncertainty in the market and might be a turning point.

From the smaller timeFrame, we can find a more accurate direction. I will update it very soon.

⋅ Jul 11, 2019 9:02 AM

Comments

villagetraderbro

⋅ Jul 7, 2019 6:30 AM

Nifty fall almost 170 points but bank fall max 200 points

Trade-Technique

⋅ Jul 7, 2019 6:32 AM

@villagetraderbro, Yes, it's trading between the "Value High" and "Control Price". The "control price" has highly gravitation.

villagetraderbro

⋅ Jul 7, 2019 8:52 AM

@Kinnari_Prajapati, actually control price is what ? It's trend line base or indicator

Trade-Technique

⋅ Jul 7, 2019 10:10 AM

@villagetraderbro, control price is a trendline which should be between value high and low, but its have attraction value.

mklives

⋅ Jul 8, 2019 6:24 AM

great call.. expecting lower levels

Trade-Technique

⋅ Jul 8, 2019 6:27 AM

@mklives, yes...

sahabuddin55

⋅ Jul 8, 2019 5:38 AM

awesome explanation....superb..

keep it up..

Trade-Technique

⋅ Jul 8, 2019 6:27 AM

jinupappachan45

⋅ Jul 12, 2019 6:38 AM

Hi Madam.What is your analysis for banknifty will it go up by Aug expecting 32k. please provide your input

Trade-Technique

⋅ Jul 12, 2019 6:38 AM

@jinupappachan45, I will do it in the holidays.