1. Monthly TF:
• Although the structure in monthly TF is of HH-HL, December monthly candle is a more of a bearish engulfing.
• However it is exactly at the support
• 17800-18000 looks like a strong support.
#BANKNIFTY
— Nikita Poojary (@niki_poojary) January 1, 2023
Good prices seldom comes with good sentiments.
After a sharp retracement, expecting BNF to tocuh fresh ATH soon.
Outlook for the week Jan 1- 6, 2023.
THREAD: Deconstructing BANKNIFTY on 5 different TF's.
#BANKNIFTY
— Nikita Poojary (@niki_poojary) November 30, 2021
90degree upmove qualifies for abnormality, be cautious \U0001f6a8 pic.twitter.com/uyFCMpGOuR
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