BANKNIFTY--Consolidation or Bearish??

3 thg 1

BANKNIFTY broken the bullish channel downside,
if tomorrow price opens gap up or bullish, keep looking for short side.
if price comes back to 48400 levels, look for short.
Lot of liquidity is lies below 47000 levels...
this time price clears the liquidity on bottom side and then tries to be bullish again.
wait until it comes to these levels and observe a rejection from the channel...
careful before going long..
If we observe again a consolidation on topside...another bullishness is going to observe soon.

3 thg 1

Ghi chú

From these levels if price creates a bullish channel, then we have a chance of
drop base drop formation. Keep safe here.

5 thg 1

Ghi chú

At important zone of resistance....Keep safe from here.

5 thg 1

Ghi chú

Clearly in sideways...no sign of bearishness...

5 thg 1

Ghi chú

Chance of Head and Shoulders pattern, wait for the break of neckline and retest of it..for short side...

8 thg 1

Ghi chú

now it is at the crucial point...complete downside or reversal may happens again to upside...

8 thg 1

Ghi chú

Ignore long side....

8 thg 1

Ghi chú

Exit from short side... it's on the channel bottom side...