#BNF #banknifty pulled bk from the weekly vpoc and just made a peak below an high volume zone. potentially on its way to test the 25150 zones, which is also 50% retracement of the swing.
After thursday's crash we did lay down that the fall stopped just short of our swing support zone of 24100 and in case that is respected we could be on our way back to test the highs again. aided by global cues we did manage to make a stellar pullback.
Volume profile charts are here @ twitter.com/powertra...s/981927820078264320
Also long term players do remember that I still maintain my view that these are retracement swings and until 25800 is cleared we should test the yearly lows one more time in coming weeks
After thursday's crash we did lay down that the fall stopped just short of our swing support zone of 24100 and in case that is respected we could be on our way back to test the highs again. aided by global cues we did manage to make a stellar pullback.
Volume profile charts are here @ twitter.com/powertra...s/981927820078264320
Also long term players do remember that I still maintain my view that these are retracement swings and until 25800 is cleared we should test the yearly lows one more time in coming weeks
Comment:
Did get to 25150 despite weak overnight global cues. Todays close indicate we are not done yet, but here on we have to tread with caution and tight stops until 25220 is taken out convincingly.
Trade closed manually:
Time to book in gains , here near 25200 BNF futures prices and have a wait and watch approach to initiate next trades. PCR is down and potentially signals consolidation
