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Nifty Bank Index
Updated

BANKNIFTY multi timeframe analysis

70
As seen from the charts above, ESI indicator shows that outlook for BANKNIFTY looks bearish in the short term, as of 11:15 IST 5-May-2021.

ESI indicator:
Ekambit Strength Index (ESI)

Note
Short turned into a Long at 12:55. Always take the opposite side i.e. Long when VIX spike is not correlated with Price drop.

snapshot
ekambit
Multiple Time Frame Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Multiple Time Frame Analysis
ekambit

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.