Nifty analysis:
Volume profile: P shaped profile with close at lower range of value area.
Indicating weak demand in the markets. Upper resistance zones are VAH, VAL and POC marked.
(1/n)
Volume profile: P shaped profile with close at lower range of value area.
Indicating weak demand in the markets. Upper resistance zones are VAH, VAL and POC marked.
(1/n)
Delta bands indicate large seller came in at 18368. Their intent will be known if price is tested there.
Trend change - Delta bands zone marked. Largest longs in 2nd half are present there. If we take it out, movement is downward again.
(2/n)
Trend change - Delta bands zone marked. Largest longs in 2nd half are present there. If we take it out, movement is downward again.
(2/n)
Initial target on downside is 18258F and 18194F.
Upside can be choppy from here unless we take out the POC.
Expecting range bound context to continue unless delta bands to down or POC to up is breached.
(3/n)
Upside can be choppy from here unless we take out the POC.
Expecting range bound context to continue unless delta bands to down or POC to up is breached.
(3/n)
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Do join.
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