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WavesandZones

BANKNIFTY FALL PREDICTION EXPLAINED

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Nifty Bank Index (NSE:BANKNIFTY)  
WavesandZones  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Supply and Demand bankniftytradesetup bankniftytrend bankniftyanalysis bankniftytrading bankniftylevels bankniftyintradaylevels bankniftyoptions BANKNIFTY bankniftyprediction
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trendanalysis supplyanddemand bankniftytradesetup bankniftytrend bankniftyanalysis bankniftytrading bankniftylevels bankniftyintradaylevels bankniftyoptions banknifty bankniftyprediction
snapshot


Price has violated a Monthly Supply and there is a Fresh Strong Deman formed in Monthly chart @ Rs. 42015.65
Therefor Price will definitely come in this Range.
In order to come down Price needs to react to a Supply.
We see Price has formed a deviation from the moving average and has also formed an Engulfing Supply in Monthly chart.

snapshot

This is a Supply to Demand Equilibrium where we have the Source and the Destination of the Downtrend.

Now we go further in Daily to find the Entry in Fresh Daily Supply Zones, we have a Fresh Daily Supply formed which has a Short Trade with a Reward to Risk Ratio of 3:1.

snapshot

ENJOY THE RIDE !!!
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