Banknifty is following Ascending Channel.
Please see the reversal points shown on the 4 hours chart.
Incorrelation with RSI.
Expecting a reversal when price touches lower channel along with RSI touching 30.
And Price gives & RSI gives breakout above Trendline Resistance.
A Marvelous example of Price Action.
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Please see the reversal points shown on the 4 hours chart.
Incorrelation with RSI.
Expecting a reversal when price touches lower channel along with RSI touching 30.
And Price gives & RSI gives breakout above Trendline Resistance.
A Marvelous example of Price Action.
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.