December 27, 2020

BANKNIFTY (futures) top down analysis on multiple timeframes

Daily charts:
- trend is up but
- the Monday flash crash due to some technical error has messed up the charts
- and possibly stopped out many traders

Hourly charts:
- a buy signal has just been formed 
- SL around 30000-30200 F

30 min:
- trend is clearly up 
- with SL at 30200 F

15 min:
- trend is up
- SL 30300 F

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