Hello Everyone,
Here You can see on chart bank nifty today panic fall from top, but why??? last 2 days market in Bull run...then why panic fall today??? so, don't worry I am here for analysis why fall.....
1) First you see market fall continue previous days and made Triple Bottom on chart you can see,
2) Then market Next open Gap up and Continue move upside and you should see on daily chart first Big Red candle and next day open Gap up and closed previous day high, so well if you understand candlestick pattern so you know already right??
3) And also Bottom trendline support..
4) you see there is flag pattern and breakout and today open gap up(There are two chances market open gap down because fear of omicron virus and gap up because flag breakout and also had weekend so no idea Monday where open Gap up or gap down), so its better to no carry position on weekend if you want peace of enjoy so.. haha.. well its depended upon you
5) Now, market open gap up but where open??????
direct nearest use resistance major trendline.. if you know that so hope you did not take buy position otherwise you know what happen next... market open gap up and broken use resistance trendline, its impossible without and good news to support market but today no news and market respect resistance and panic fall..
my suggestion is only one if you don't know TA so first learn deeply, and do paper trading so that you understand market sentiment.
Here You can see on chart bank nifty today panic fall from top, but why??? last 2 days market in Bull run...then why panic fall today??? so, don't worry I am here for analysis why fall.....
1) First you see market fall continue previous days and made Triple Bottom on chart you can see,
2) Then market Next open Gap up and Continue move upside and you should see on daily chart first Big Red candle and next day open Gap up and closed previous day high, so well if you understand candlestick pattern so you know already right??
3) And also Bottom trendline support..
4) you see there is flag pattern and breakout and today open gap up(There are two chances market open gap down because fear of omicron virus and gap up because flag breakout and also had weekend so no idea Monday where open Gap up or gap down), so its better to no carry position on weekend if you want peace of enjoy so.. haha.. well its depended upon you
5) Now, market open gap up but where open??????
direct nearest use resistance major trendline.. if you know that so hope you did not take buy position otherwise you know what happen next... market open gap up and broken use resistance trendline, its impossible without and good news to support market but today no news and market respect resistance and panic fall..
my suggestion is only one if you don't know TA so first learn deeply, and do paper trading so that you understand market sentiment.