BANKNIFTY Analysis - Continuous, Just as the Markets !

١٥ يناير ٢٠٢٤

This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & Unusual Market Volume Detector (UMVD) Indicators.

* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand

--------------------

1-15-2024
UP trend with Green TrapZone and UMVD. Price has not retraced to TrapZone yet. Strong momentum up.

١٥ يناير ٢٠٢٤

ملاحظة

On an Hourly Candle chart

١٥ يناير ٢٠٢٤

ملاحظة

Intraday i.e 1 second rRenko view. shows buying takes the Price higher

١٥ يناير ٢٠٢٤

ملاحظة

On the Daily

١٦ يناير ٢٠٢٤

ملاحظة

Latest

١٧ يناير ٢٠٢٤

ملاحظة

Strong Down Trend - Intraday Settings. Divergence in place, lets see what shows up after that

١٩ يناير ٢٠٢٤

ملاحظة

Latest - Prices went down with RED UMVD After divergence. Now GREEN UMVD is pushing the prices slightly higher. TrapZone is Still RED

٢٢ يناير ٢٠٢٤

ملاحظة

Prices go higher with GREEN UMVD after divergence. Trend is up with GREEN TrapZone.

٢٣ يناير ٢٠٢٤

ملاحظة

٢٤ يناير ٢٠٢٤

ملاحظة

Latest Intraday - RED UMVD after Divergence gave early signal of selling and the Prices were pulled down.

٢٥ يناير ٢٠٢٤

ملاحظة

Prices churning lower with UMVD Pushing the bids around

٢٨ يناير ٢٠٢٤

ملاحظة

Hourly Check In - Price bouncing at a KEY Level. RED TrapZone formed and UMVD is RED. KEEP Both EYES open.

٣٠ يناير ٢٠٢٤

ملاحظة

Latest Intraday

٥ فبراير ٢٠٢٤

ملاحظة

Side By Side Analysis - Buyers may be trapped in the short term Renko starts trending down again with RED UMVD. some buying has stalled the decline at the moment.

٩ فبراير ٢٠٢٤

ملاحظة

١٥ فبراير ٢٠٢٤

ملاحظة

Green is GREEN ! we are going up at the moment

٢٥ فبراير ٢٠٢٤

ملاحظة

Trend is sideways. So volume may slosh the prices UP and DN/

٥ مارس ٢٠٢٤

ملاحظة

Bullish Price action is shifting the Trend to UP at the moment

٢٠ مارس ٢٠٢٤

ملاحظة

Hourly Technical Analysis Check ins
Probably one of the strongest price action across Major Indexes around the world. It has not gone parabolic YET. Others may have overshot. Angle 3 is good for now. Current retrace is ongoing evident with RED UMVD