SBI Analysis - Continuous, Just as the Markets !

17 Oca

This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & 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

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

1-17-2024
RED TrapZone with Divergence after Green UMVD. Lets see what shows up after the divergence on UMVD.

17 Oca

Not

Intraday Settings - 1 second Renko

17 Oca

Not

RED UMVD keeps pulling the prices down. GREEN TrapZone and RED UMVD means conflict. Confirmed with Gray BARS

17 Oca

Not

Daily Analysis

19 Oca

Not

GREEN TrapZone and GREEN UMVD at the moment. Prices are in a Range so Will have to wait for momentum.

22 Oca

Not

GREEN TrapZone may show up soon. we have GREEN UMVD pushing the prices up.

23 Oca

Not

RED TrapZone = DownTrend. UMVD in Divergence though ...lol

25 Oca

Not

Selling is resuming with RED UMVD and RED TrapZone forming again.

29 Oca

Not

Hourly Check in - Prices formed a RED TrapZone with RED UMVD pulling the price lower. Currently bounced from the key support level back close to the TrapZone. Very typical - to Trap Buyers.

30 Oca

Not

Latest Intraday

1 Şub

Not

Side ways at the moment

1 Şub

Not

At the moment

5 Şub

Not

Side By Side Analysis - Bulls Brought back the Up swing. Currently the TrapZone is RED BUT FLAT. So its a Pause.

9 Şub

Not

Bulls are in control, selling is not having the desired effect. Careful - UMVD is building a divergence. If we Get GREEN explosion :)

25 Şub

Not

Buyers kept coming and Here we are. Class B entry on Hourly is CLass A entry on the Renko ! Time for a Retrace, Hr Bars are GRAY so UPside momentum is not there.

6 Mar

Not

Short Term Profit taking in the recent sessions. Long Term Trend is Strong with WIDE TrapZOne

6 Mar

Not

21 Mar

Not

Hourly Technical Analysis Check In
Angle 6 is close by as support for the Up Trend. You can see eth current retrace started around 23rd Feb with RED UMVD. I believe the Reputational Risk is going to derive the customer base to private sector banks after all...