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Anant Parashar’s NIFTY & BANKNIFTY Updates

Anant Parashar’s NIFTY & BANKNIFTY Updates

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Bearish Divergence.
Bearish Divergence.

This is on the brink of the fib
This is on the brink of the fib

Retested the fib, so far so good.
Retested the fib, so far so good.

Told you so again? Almost near the upper trendline.
Told you so again? Almost near the upper trendline.

Told you so, range high broken.
Told you so, range high broken.

Flying higher post breakout.
Flying higher post breakout.

Broke out.
Broke out.

Clearly bullish off the two, defended the breakout and again hunted some liquidity today.
Clearly bullish off the two, defended the breakout and again hunted some liquidity today.

Still struggling to bounce but hasnt broken a bear level so its just a matter of time this bounces above 50% fib
Still struggling to bounce but hasnt broken a bear level so its just a matter of time this bounces above 50% fib

Grabbed some liquidity
Grabbed some liquidity

bounce came, hit resistance at 0.50 fib
bounce came, hit resistance at 0.50 fib

Matter of time before this bounces too.
Matter of time before this bounces too.

Just like the other one.
Just like the other one.

This might turn out to be a bull flag on D1
This might turn out to be a bull flag on D1

Back at the trendline.
Back at the trendline.

Closed candle above 50% fib.
Closed candle above 50% fib.

Fell a bit short of 61.8% but bounced regardless and now on its way to close above 50% fib.
Fell a bit short of 61.8% but bounced regardless and now on its way to close above 50% fib.

About to break yesterday's lows
About to break yesterday's lows