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BANKNIFTY multi timeframe analysis

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Multiple Time Frame Analysis
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mtfa
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)
評論:
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
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