Have you thought about how the price of BankNifty is calculated?
The price is being calculated by using the free-float market capitalization of the underlying stocks.
To truly understand how BankNifty moves, we need special tools called breadth indicators. Price action doesn't help us accurately predict all the movements, but with this indicator, you can recognize which are fake break outs and real.
I have also developed a momentum based indicator which tells you where the market likes to head. The momentum-based indicator is above 0, and the indicator is red, this is not sustainable if the conditions are right the indicator is going to jump to green, and the stock is going to go up.
If you have any queries, please message me.
The price is being calculated by using the free-float market capitalization of the underlying stocks.
To truly understand how BankNifty moves, we need special tools called breadth indicators. Price action doesn't help us accurately predict all the movements, but with this indicator, you can recognize which are fake break outs and real.
I have also developed a momentum based indicator which tells you where the market likes to head. The momentum-based indicator is above 0, and the indicator is red, this is not sustainable if the conditions are right the indicator is going to jump to green, and the stock is going to go up.
If you have any queries, please message me.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.