#banknifty#futures#charts
blue arrow-rise with low vols...resulted in reversal(becomes res)
brown arrow-a very sharp bounce after a steep fall(becomes sup)
pink arrow-approaches res,vols thr but long upper shadow reflects rejection so bearish
green arrow- breakdown with volumes. fat red candle. range break but better to wait for follow thru. next candle more like pinbar with good vols. short below low or long abv high. results in strong upside
red arrow-approaching resistance. vols thr but need a close abv breakout. failure to close above resulted in pressure. good time to be bearish. the fall has been with falling vols and overall structure range bound. so no deep tgts.
The roadmap to trade today. RT if u liked it and want more such free learnings. till then have a safe and profitable journey
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