Banknifty Daily Chart

Trade Setup
Short October Futures from the pullback level or current level.
High Volatility

Candlestick Chart
  • 25% move from 32290 (17 Jun 2022) to 39759 (19 Aug 2022)
  • If we draw Fibonacci retracement for the same level then the 38.20% level comes at 36906.40.
  • Macd - Bearish Crossover

Renko Chart
Fake breakout of resistance at the level of 39011 and starts traded below the level.
Red bricks start appearing.

Heikin Ashi Chart
A long red candle is formed.
All recent lows are broken by this candle.

If the price starts its downward move, then it will test the levels of 36906.


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