BANKNIFTY 31-10-2023
pl. not CPRs
Daily CPR is greater than Weekly CPR
Daily CPR is less than Monthly CPR
Weekly CPR is less than Monthly CPR
Daily CPR, Weekly CPR, Monthly CPR is greater then Yearly CPR
confusion market is sideways
now market is downtrend in this month so its a bounce for last two days but its to be noted there is no weekly monthly or yearly support near last swing my view is 'because of oversold that bounce is happened'
now what to do ?
I am waiting for a red candle then from its high i m on bull side if not break red candle high then bearish from last swing till yearly CPR
pl. not CPRs
Daily CPR is greater than Weekly CPR
Daily CPR is less than Monthly CPR
Weekly CPR is less than Monthly CPR
Daily CPR, Weekly CPR, Monthly CPR is greater then Yearly CPR
confusion market is sideways
now market is downtrend in this month so its a bounce for last two days but its to be noted there is no weekly monthly or yearly support near last swing my view is 'because of oversold that bounce is happened'
now what to do ?
I am waiting for a red candle then from its high i m on bull side if not break red candle high then bearish from last swing till yearly CPR