BANKNIFTY multi timeframe analysis

Nifty Bank IndexNSE

Beschreibung

⋅ 5. Mai 2021 05:51

As seen from the charts above, ESI indicator shows that outlook for BANKNIFTY looks bearish in the short term, as of 11:15 IST 5-May-2021.

ESI indicator: tradingview.com/script/cZKqcMhr-Ekambit-Strength-Index-ESI/

⋅ 5. Mai 2021 11:09

Short turned into a Long at 12:55. Always take the opposite side i.e. Long when VIX spike is not correlated with Price drop.