The ‘Bank Nifty’Breakdown

In our last Bank Nifty analysis, we pointed out that there could be a possible break down in "Bank Nifty," below the angled line.

Our unique "Angle" tool alerted us about this opportunity of 1000 points fall very early & securely, once the price gets closed below, the shown angle line, sentiments shifted into the favors of bears & after that every rise was selling opportunity.

The 'Bank Nifty'Breakdown

What next?

At present sentiments are still showing weakness, and entirely bears have the upper hand.

26435 & 26047 will be the critical supports to look out for in the downside & 26880 & 27100 are the resistance.

Most traders look out for just Dates or for certain TIME & their "High or Low" to have a breakout, which in my view is not entirely appropriate or not the way of profiting in the long run.

As it is first & foremost it's essential; for one to understand the delicate structure of Price & Time, as that is the missing application in most of the so-called trading methods.

But that is not the case here, at this site, our each method has been designed or discovered or re-discovered on the proper structure of Price & Time, the same has been presented in the above post, where "TIME" alerted, us about it's upcoming & possible move & that with the significant amount of surety.- Divesh

Posted by Divesh
January 28, 2019