Gaurav Bissa Profile picture
VP-Technicals and Derivatives.All tweets are for educational purpose only. Instagram:- @bissagaurav
Oct 23, 2020 4 tweets 2 min read
#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