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Posted on August 12, 2020 05:11 pm
Bank nifty used to have more Trending days. These days its exhibiting more choppy behaviour than Trending Behaviour. In the image below (EOD) you can see only 4 out of 21 trade days the Bank index moved above the average range. 3 or 4 days minor trend and rest all Doji bars and narrow range days in EOD, which means market was rattling up and down making it tough for Intraday Trend trader. I did a small back test. The Average travel range was much higher in septemeber than any other months. Average range is high - low of particular day. So Expecting these periods of choppiness brings trending behaviour soon as we near september.
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Technical trader is born out of passion. Passion to learn, Trade and share about Technical analysis of the Stock Markets. We all know context is the important aspect of technical analysis. The Sustenance of a big move or a breakout of a particular stock depends on the context in which the breakout is happening. As a Traders coach we teach you how to develop context and trade the stock market. Especially the Nifty and the Bank Nifty.