BANKNIFTY "SELL" TARGET - "34000" till 26 FEB 2021
"DONT BUY BANKNIFTY TILL 26 FEB 2021"
BANKNIFTY CAN GO TO "34000".
IF YOU SEE TODAY 24 FEB 2021 YOU THINK IT WILL GO HIGHER(LONG) BUT ITS NOT.
IT WILL GO DOWN 34000 TILL FRIDAY 26 FEB 2021.
REASONS ACCORDING TO ME-
1) TRADE SETUP OR SUPPORT AND RESISTANCE SETUP IS IN FAVOUR OF "SELL SIDE" RESISTANCE SETUP IS STRONGER THAN SUPPORT SETUP.
2)VOLUME OF SELLING SIDE IS STRONGER THAN BUYING SIDE OF BANKNIFTY. YES INDEX DOESN'T HAVE VOLUME BUT INDEX STOCKS HAVE. IF YOU SEE BANKNIFTY INDEGRIDIENTS OF STOCKS YOU SEE THAT SELLING VOLUME IS MUCH POWERFUL THAN BUYING VOLUME. SO " "SELLING POWER CAN TAKE OVER THE PRICE AND BREAK IT DOWN TO 34000 TILL 26 FEB 2021.
3)IF YOU BUY BANKNIFTY I THINK YOU ARE BUYING LOSS.
THANKS.LETS SEE .MEET YOU ALL ON FRIDAY.
BANKNIFTY CAN GO TO "34000".
IF YOU SEE TODAY 24 FEB 2021 YOU THINK IT WILL GO HIGHER(LONG) BUT ITS NOT.
IT WILL GO DOWN 34000 TILL FRIDAY 26 FEB 2021.
REASONS ACCORDING TO ME-
1) TRADE SETUP OR SUPPORT AND RESISTANCE SETUP IS IN FAVOUR OF "SELL SIDE" RESISTANCE SETUP IS STRONGER THAN SUPPORT SETUP.
2)VOLUME OF SELLING SIDE IS STRONGER THAN BUYING SIDE OF BANKNIFTY. YES INDEX DOESN'T HAVE VOLUME BUT INDEX STOCKS HAVE. IF YOU SEE BANKNIFTY INDEGRIDIENTS OF STOCKS YOU SEE THAT SELLING VOLUME IS MUCH POWERFUL THAN BUYING VOLUME. SO " "SELLING POWER CAN TAKE OVER THE PRICE AND BREAK IT DOWN TO 34000 TILL 26 FEB 2021.
3)IF YOU BUY BANKNIFTY I THINK YOU ARE BUYING LOSS.
THANKS.LETS SEE .MEET YOU ALL ON FRIDAY.
Trade closed: target reached:
Target reached/achieved .
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