hello friends , lets analyze Bank Nifty.
As we have seen so called not so high not so low sessions since 4th June . We expect a bearish momentum in coming session.
The reasons are : 1) Relative strength index divergence
2) Kind of Double Top pattern (which has not concluded yet)
3) Un-windings in Long and new Addition in Calls
4) A perfect timing for profit booking
5) On higher time frame , price has tested resistance on Central Pivot and failed to breach.
6) Price has closed below 50 Ema on 1 hour TF.
nd many more but these are important one's.
If you do not want to risk your money , please hedge your positions while trading.
The idea has been researched and published based on many years of experience.
Trade Wisely And Smartly.
As we have seen so called not so high not so low sessions since 4th June . We expect a bearish momentum in coming session.
The reasons are : 1) Relative strength index divergence
2) Kind of Double Top pattern (which has not concluded yet)
3) Un-windings in Long and new Addition in Calls
4) A perfect timing for profit booking
5) On higher time frame , price has tested resistance on Central Pivot and failed to breach.
6) Price has closed below 50 Ema on 1 hour TF.
nd many more but these are important one's.
If you do not want to risk your money , please hedge your positions while trading.
The idea has been researched and published based on many years of experience.
Trade Wisely And Smartly.
Trade attivo
Trade chiuso: obiettivo raggiunto
Trade attivo
Trade chiuso: obiettivo raggiunto
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.