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imjoy4u

BN Graphs repainted! 3rd & 4th Aug 21 = 3rd and 4th Jan 22

Short
BANKNIFTY INDEX FUTURES (NSE:BANKNIFTY1!)  
imjoy4u Updated   
NSE:BANKNIFTY1!   BANKNIFTY INDEX FUTURES
Trend Analysis Chart Patterns
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On monday 3rd Jan, when trading started with Gap up, we got a hunch that it is repainting the same chart of 3rd Aug 2021. And voila, it did.
Same happened for 4th Jan ... it replicated the gains of 4th Aug 21. The gain of 3-4 Jan 22 = 3-4 Aug 21!! Very striking resemblance and coincidence

What followed was:
  • Monthly high was made

  • Expiry was same as the monthly high

  • BN fell approx 1500 points and recovered within the series

  • All monthly PE and CE would have expired as 0
Are we going to see a repeat telecast of Aug 2021 series? Time will tell :-)
Comment:
Continuing with the same trend as detailed above - monthly high on BN Futures was made on 5th Jan @ 38000!

So far, the short positional trade is working well... let's see how it progresses into 2 weekly expiry!
Trade closed: stop reached:
Trade went wrong. Closed in loss :-(
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