Short

Expecting Heavy Fall in Bank Nifty in Near Future

Updated

Note: This is for education purpose only.

Here in Bank Nifty 4 Hr Chart, there is an extraordinary integration of multiple techniques suggesting a heavy crash in Bank Nifty.

Techniques:

1. Price Action showing powerful sellers in a proven supply zone
2. 2nd Degree Divergence in Volumes in Major and Minor flow upward
3. Price respecting the 2nd standard deviation curve in VWAP at the top wick of Bearish fractal bar
4. Elliot Wave with 5 legs is displayed in major flow up signaling a reversal
5. 3rd Degree Bearish Hybrid divergence if RSI with respect to Price observed with respect to the adjacent peak
6. Price respecting the boundaries of Newtons Action space at the top wick of Bearish fractal bar
7. Price respecting Modified Pitchfork in minor flow at the edge of minor flow upside

Entry: 43270 to 42970
Target: 41950
SL: 43600

Note

The Roller Coaster Started......We already are in Good Profits.

Trade active

840 Points straight fall... FELL LIKE A HELL.

Trade active

Another day of Steep Fall. But currently in distribution phase. Watching the Price to hit the Target.

Karthiktinku

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.