Bank Nifty Short term Important Trend Analysis (One must Know)
Hey folks,
lets look the Bank nifty what's happening in it.
Look at the point 1 first
Breaking of 36600-36700 Zone Made
Bears Dominating and They Drag the market Down
From Point 1 to 2
Then Bulls Come into play
and Drag market Upto 36600-36700 Zone
From Point 2 to 3
Now observe this level is important for setting up the trend
After That Bears again Come into play
and Drag the market down from 36600-36700 Zone
From Point 3 to 4
but this time they aren't able to dominate downtrend for
longer time
Means Demand was Still Stronger.
& at Point 5
Bulls broke the level and a steep rally comes in
and now market is consolidation in 38000 to 37400 level and breaking of this consolidation will set the trend on either side.
If consolidation broke on downside we can see good down move and bears dominating again.
but if we see consolidation broke on upside a trend line will also broke which is coming from upside in higher time frame
and breaking of it will change the structure. and we can see 39000 level very soon in bank nifty.
Hope it helps you and increased your knowledge .
Like and follow for more because it take efforts to make such content and it boost my confidence.
Thanks.
lets look the Bank nifty what's happening in it.
Look at the point 1 first
Breaking of 36600-36700 Zone Made
Bears Dominating and They Drag the market Down
From Point 1 to 2
Then Bulls Come into play
and Drag market Upto 36600-36700 Zone
From Point 2 to 3
Now observe this level is important for setting up the trend
After That Bears again Come into play
and Drag the market down from 36600-36700 Zone
From Point 3 to 4
but this time they aren't able to dominate downtrend for
longer time
Means Demand was Still Stronger.
& at Point 5
Bulls broke the level and a steep rally comes in
and now market is consolidation in 38000 to 37400 level and breaking of this consolidation will set the trend on either side.
If consolidation broke on downside we can see good down move and bears dominating again.
but if we see consolidation broke on upside a trend line will also broke which is coming from upside in higher time frame
and breaking of it will change the structure. and we can see 39000 level very soon in bank nifty.
Hope it helps you and increased your knowledge .
Like and follow for more because it take efforts to make such content and it boost my confidence.
Thanks.
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.