Nifty Bank IndexMis à jour Bank Nifty Analysis 28September2023
A - The market commenced the day with a gap-up but was unable to maintain its position above the trendline.
B - Operators entered the market and orchestrated false breakouts above the trendline to ensnare unsuspecting buyers.
C - A legitimate trendline breakout occurred with a target set at 44450, and this target was successfully achieved.
D - Following this, the market entered a consolidation phase around a support level. It attempted to ascend once more but faced rejection at 11:45 AM (within a 15-minute timeframe), solidifying the dominance of sellers.
E - Eventually, there was a breach below the support level, marking the victory of sellers in the market.
B - Operators entered the market and orchestrated false breakouts above the trendline to ensnare unsuspecting buyers.
C - A legitimate trendline breakout occurred with a target set at 44450, and this target was successfully achieved.
D - Following this, the market entered a consolidation phase around a support level. It attempted to ascend once more but faced rejection at 11:45 AM (within a 15-minute timeframe), solidifying the dominance of sellers.
E - Eventually, there was a breach below the support level, marking the victory of sellers in the market.
Note
Sorry for using Tough words here is an understandable format :- A - The market commenced the day with a gap-up but was unable to maintain its position above the trendline.
B - Operators entered the market and gave false breakouts above the trendline to trap buyers.
C - A legitimate trendline breakout occurred with a target set at 44450( major Support), and this target was successfully achieved.
D - Following this, the market entered a consolidation phase around a support level. It attempted to ascend once more but faced rejection at 11:45 AM (within a 15-minute timeframe), which confirmed the dominance of sellers.
E - Broke the support level and the seller won the match.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.