BANKNIFTY : Analysis
TRENDS:
WEEKLY - UP
- With good volume BN did not close < Prev. W-L
- Inside candle
- 2 Weeks indecision
DAILY - Looks bullish possibility. Need to see
INTRADAY (5 - mins) - Extreme Bullish.
- Stop hunting possible due to extreme bullish condition.
Mostly Gapup, Stop Hunt, and trend up.
WEEKLY - UP
- With good volume BN did not close < Prev. W-L
- Inside candle
- 2 Weeks indecision
DAILY - Looks bullish possibility. Need to see
INTRADAY (5 - mins) - Extreme Bullish.
- Stop hunting possible due to extreme bullish condition.
Mostly Gapup, Stop Hunt, and trend up.
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