In our last Bank Nifty analysis here, 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. Once the price gets closed below, the shown angle line, sentiments shifted into the favors of bears & after that every rise was selling opportunity.
Next Potential Move of Bank Nifty
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 a trader, 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 & trading course has been 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