Resistance(30840 nearby) avlaible from two factors,
1 "Control Price" of main channel.
2 (3) wave count of channel.
In moreover I plotted 5 small channel the l into main channel. The 5th channel is absolutely differet from all other channels which is shown with yellow color. There is still more in small 4 channels of trend is up while 5th Channel is a flat...
Banknifty also difficult to understand as wave movements.
Price is near the channel support.
Smaller positive new can boost banknifty to upward from the value low.
While nifty is weak and Banknifty is positive which indicate the direction is not clear and market waiting for news.
BANKNIFTY breaks down after a short period of consolidation. Apparently, price action is showing a Bear Flag pattern, which is confirmed with a close below 30,530. Target of the pattern comes in at 29,330.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or...
In this video I have explained the entire Bank Nifty signal system.
Its Internal factors are also discussed by taking the underlying weightages and their allocations.
The spot Market volumes and their effects are also discussed.
Beta Adjusted VIX for BankNifty and its uses in OPTIONS trading are mentioned.
Please reach out to me in case of any questions.
Understanding TICK volume is very important and most of the professional traders use this information and build custom tools to trade Nifty and BankNifty. They spend a huge amount of Money and time to build systems that are good at understanding the behaviour of other traders.
Reading the general public and traders interest is very important to be successful in...
It's very common that our Mind Fickle's with Fear and Greed during a Volatile Market.
But however volatile is BankNifty, Market Internals are the one's that decides that movement.
Money Flow analytics helps us to trade pretty confidently. The key information to any trade is to understand the Money Flow/Withdrawn. So this information will be presented in a...
Price is trading at control price which reacts like a gravitating.
Detect "series of Doji" which indicate that uncertainty in the market and might be a turning point.
From the smaller timeFrame, we can find a more accurate direction. I will update it very soon.