BANKNIFTY FALL PREDICTION EXPLAINED

https://www.tradingview.com/x/uBxmlMMY/


Price has violated a Monthly Supply and there is a Fresh Strong Deman formed in Monthly chart @ Rs. 42015.65
Therefor Price will definitely come in this Range.
In order to come down Price needs to react to a Supply.
We see Price has formed a deviation from the moving average and has also formed an Engulfing Supply in Monthly chart.

https://www.tradingview.com/x/CUILC6uv/

This is a Supply to Demand Equilibrium where we have the Source and the Destination of the Downtrend.

Now we go further in Daily to find the Entry in Fresh Daily Supply Zones, we have a Fresh Daily Supply formed which has a Short Trade with a Reward to Risk Ratio of 3:1.

https://www.tradingview.com/x/qFDAlQCh/

ENJOY THE RIDE !!!