Have you thought about how the price of BankNifty is calculated?
The price is being calculated by using the free-float market capitalization of the underlying stocks.
To truly understand how BankNifty moves, we need special tools called breadth indicators. Price action doesn't help us accurately predict all the movements, but with this indicator, you can recognize which are fake break outs and real.
I have also developed a momentum based indicator which tells you where the market likes to head. The momentum-based indicator is above 0, and the indicator is red, this is not sustainable if the conditions are right the indicator is going to jump to green, and the stock is going to go up.
If you have any queries, please message me.
The price is being calculated by using the free-float market capitalization of the underlying stocks.
To truly understand how BankNifty moves, we need special tools called breadth indicators. Price action doesn't help us accurately predict all the movements, but with this indicator, you can recognize which are fake break outs and real.
I have also developed a momentum based indicator which tells you where the market likes to head. The momentum-based indicator is above 0, and the indicator is red, this is not sustainable if the conditions are right the indicator is going to jump to green, and the stock is going to go up.
If you have any queries, please message me.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.