NIFTYBEES ANALYSIS
NIFTYBEES 1M:
This is scientific analysis of NIFTY50 index structure through NIFTYBEES ETF using frequency shifting. I mean that volume around that COVID-19 low is very impressive.
Red parallel Lines represent covid-19 market structure and yellow parallel lines represent historical NIFTY50 structure. Both lines together forms supply and demand clusters where price is expected to behave in a very specific way in the future. ETF charts are very important, actually more important than open interest charts for analysis of market sentiments and potential movements.
This is scientific analysis of NIFTY50 index structure through NIFTYBEES ETF using frequency shifting. I mean that volume around that COVID-19 low is very impressive.
Red parallel Lines represent covid-19 market structure and yellow parallel lines represent historical NIFTY50 structure. Both lines together forms supply and demand clusters where price is expected to behave in a very specific way in the future. ETF charts are very important, actually more important than open interest charts for analysis of market sentiments and potential movements.
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