With a trending ADX, here are some possibilities for the banknifty
timepass Moderator Apr 5, 2021 #79,731 Apr 5, 2021 #79,731 With a trending ADX, here are some possibilities for the banknifty
O optionwriter Active Member Apr 5, 2021 #79,732 Apr 5, 2021 #79,732 as per your thought of ADX, it should be continue long or sideways..? otherwise 100 ema take support?
as per your thought of ADX, it should be continue long or sideways..? otherwise 100 ema take support?
timepass Moderator Apr 5, 2021 #79,733 Apr 5, 2021 #79,733 optionwriter said: as per your thought of ADX, it should be continue long or sideways..? otherwise 100 ema take support? Click to expand... Maybe, but the ADX is at 26 going up, and the -DI is at 31 going up, so if it touches 100ema, there are good chances of downside.
optionwriter said: as per your thought of ADX, it should be continue long or sideways..? otherwise 100 ema take support? Click to expand... Maybe, but the ADX is at 26 going up, and the -DI is at 31 going up, so if it touches 100ema, there are good chances of downside.
timepass Moderator Apr 6, 2021 #79,734 Apr 6, 2021 #79,734 Banknifty rose up to meet its 3ema. Maybe a sort of top is made for the day.
timepass Moderator Apr 6, 2021 #79,735 Apr 6, 2021 #79,735 Nifty makes a sort of double top intraday, but not looking weak. Maybe there will be more upside. Banknifty is dragging its feet.
Nifty makes a sort of double top intraday, but not looking weak. Maybe there will be more upside. Banknifty is dragging its feet.
timepass Moderator Apr 6, 2021 #79,736 Apr 6, 2021 #79,736 Indeed it was a double top, though the second was a higher top. Sharp retracement there, let's see if it breaches the big low around 0920
Indeed it was a double top, though the second was a higher top. Sharp retracement there, let's see if it breaches the big low around 0920
timepass Moderator Apr 6, 2021 #79,737 Apr 6, 2021 #79,737 Looks like every week has a premium eating session
timepass Moderator Apr 7, 2021 #79,738 Apr 7, 2021 #79,738 Maybe there is more upside to BNF, but the CEs look like having a double top
