BANKNIFTY Analysis - Continuous, Just as the Markets !

15 Oca 2024

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

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

15 Oca 2024

Not

On an Hourly Candle chart

15 Oca 2024

Not

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

15 Oca 2024

Not

On the Daily

16 Oca 2024

Not

Latest

17 Oca 2024

Not

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

19 Oca 2024

Not

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

22 Oca 2024

Not

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

23 Oca 2024

Not

24 Oca 2024

Not

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

25 Oca 2024

Not

Prices churning lower with UMVD Pushing the bids around

28 Oca 2024

Not

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

30 Oca 2024

Not

Latest Intraday

5 Şub 2024

Not

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.

9 Şub 2024

Not

15 Şub 2024

Not

Green is GREEN ! we are going up at the moment

25 Şub 2024

Not

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

5 Mar 2024

Not

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

20 Mar 2024

Not

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