Bank Nifty Indian Index bullish bias with new weekly imbalances
Bank Nifty Indian Index bullish bias with new weekly demand imbalances.
Bank Nifty Indian index has a clear long term long bias, bearish corrections must exist if we want to plan a trade using imbalance. The Indian stock market and its indexes does not move in straight lines and so do the other world indexes, the Indian Bank Nifty and Nifty 50 indexes are not an exception.
As explained in a previous Bank Nifty Index analysis and forecast a few weeks ago, we were expecting price to rally strongly after seeing that strong weekly demand imbalance created around 27300. Bank Nifty Index has done as expected rallying very strongly,
As explained in previous Bank Nifty NSE index analysis, we had a super strong weekly demand level around 27300 where we want to go long and that imbalance has played out nicely as expected. Check previous Bank Nifty supply and demand analysis, we called that trade months before price ever retraced to that price level and demand imbalance. At Set and Forget trading community we call the trades before the fact, sometimes weeks and months before price returns to the levels explained in our technical analysis.
Bank Nifty Indian index has a clear long term long bias, bearish corrections must exist if we want to plan a trade using imbalance. The Indian stock market and its indexes does not move in straight lines and so do the other world indexes, the Indian Bank Nifty and Nifty 50 indexes are not an exception.
As explained in a previous Bank Nifty Index analysis and forecast a few weeks ago, we were expecting price to rally strongly after seeing that strong weekly demand imbalance created around 27300. Bank Nifty Index has done as expected rallying very strongly,
As explained in previous Bank Nifty NSE index analysis, we had a super strong weekly demand level around 27300 where we want to go long and that imbalance has played out nicely as expected. Check previous Bank Nifty supply and demand analysis, we called that trade months before price ever retraced to that price level and demand imbalance. At Set and Forget trading community we call the trades before the fact, sometimes weeks and months before price returns to the levels explained in our technical analysis.
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