Observations:
What is the sign of weakness in demand zones ,is this a reversal is going to happen in BANKNIFTY.
Until one of the demand zones gets broken we cannot expect a reversal in bank nifty , it has to break strongly, and has to reverse for test again.
until don't expect a reversal. Hope this expiry is in Rangebound.
Look at demand zone created @43500 move is strongly, when its tested again strong but not as strong as previous.
Every demand failed to create high also. purely failed demands.
Now look @ 43800 clearly weak one, if we observe a strong supply that breaks demands then only expect a reversal mechanism works.
Until wait.
What is the sign of weakness in demand zones ,is this a reversal is going to happen in BANKNIFTY.
Until one of the demand zones gets broken we cannot expect a reversal in bank nifty , it has to break strongly, and has to reverse for test again.
until don't expect a reversal. Hope this expiry is in Rangebound.
Look at demand zone created @43500 move is strongly, when its tested again strong but not as strong as previous.
Every demand failed to create high also. purely failed demands.
Now look @ 43800 clearly weak one, if we observe a strong supply that breaks demands then only expect a reversal mechanism works.
Until wait.
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Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--