BankNifty should retrace into this Weekly Demand

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

Whenever the Price deviates up from the Moving Average, Price either falls to the EMA or the EMA moves up top the Price,

We here see a Fresh Weekly Demand formed which has exceeded the opposite Supply hence a Valid Demand.

https://www.tradingview.com/x/fj71ugds/

Price has formed a Daily Supply which has exceeded its opposite Demand hence a Valid Source for a Downtrend,


This is the Supply to Demand Equilibrium Curve, showing the odds of long and short positions.

One can short after a downward confirmation in 30 mins/1H