BANK NIFTY same set up as that of 02/07/2021
1)On 02/07/2021/it was nr7 day for it and on 09/07/2021 it was nr4 day
both represents range contraction and likely to be followed by range extensions.
2)On 02/07/2021 bank nifty was at median line but now at the line in between median line and uml.
one step higher than where it was last week on 02/0/2021.
3)Interestingly stochiastic again dipped in to over sold condition. On 02/07/2021 stochiastic was in over sold condition too
in hourly time frame.
4) Two options are there for bank nifty either it may fall to median line or again it may start moving up to uml.
5) Co incidentally Friday DXY us dollar had red candle on and on 02/07/2021 it had a red candle too.
6) All these set up suggests bank nifty may again start rising again from Monday
7) Stop loss should be low of Friday. If low is violated it can go up to median line .
8)Don't forget to like my post. Follow me to get updates.
9) Please go through my post of 04/07/2021.
both represents range contraction and likely to be followed by range extensions.
2)On 02/07/2021 bank nifty was at median line but now at the line in between median line and uml.
one step higher than where it was last week on 02/0/2021.
3)Interestingly stochiastic again dipped in to over sold condition. On 02/07/2021 stochiastic was in over sold condition too
in hourly time frame.
4) Two options are there for bank nifty either it may fall to median line or again it may start moving up to uml.
5) Co incidentally Friday DXY us dollar had red candle on and on 02/07/2021 it had a red candle too.
6) All these set up suggests bank nifty may again start rising again from Monday
7) Stop loss should be low of Friday. If low is violated it can go up to median line .
8)Don't forget to like my post. Follow me to get updates.
9) Please go through my post of 04/07/2021.
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