#BANKNIFTY Short Term Positional View
#banknifty analysis on hourly time frame:-
Laxman Rekha 41,840 (above positive and below negative)
Friday DOJI on Daily timeframe on multi-year breakout 41,840, showing bulls are not confident on breakout and bears doesn't have the conviction to short.
Friday LH - 41,918-42,345, any side 15 min candles close can give you 500 points.
Lower time frame, 5th wave in progress, resistance area is 42,790 -42,930.
Time to stay alert in the market, when pasture is all GREEN, it's time to worry.
Always trade what you see, not what you feel.
Regards,
SG
Laxman Rekha 41,840 (above positive and below negative)
Friday DOJI on Daily timeframe on multi-year breakout 41,840, showing bulls are not confident on breakout and bears doesn't have the conviction to short.
Friday LH - 41,918-42,345, any side 15 min candles close can give you 500 points.
Lower time frame, 5th wave in progress, resistance area is 42,790 -42,930.
Time to stay alert in the market, when pasture is all GREEN, it's time to worry.
Always trade what you see, not what you feel.
Regards,
SG
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