BANKNIFTY--Case1 or Case2 ??

18 thg 1

BANKNIFTY is now at golden zone of fibonacci.
we have 2 possible cases here,
case1::
It may reverse from golden zone.
(or)
case2:: After strong bearishness today given some retracement, to enter short side continuation.
If price consolidates , price fall continue towards bullish gap on bottom side.
Keep safe here, volatility is more in this scenarios.

18 thg 1

Ghi chú

Before Budget these bullish and bearish moves are common.
If price consolidates between the zones from 47000-44500 levels, after budget price gives rally to topside...
Be careful until Budget.

18 thg 1

Ghi chú

18 thg 1

Ghi chú

the current situation of Bank nifty is in Bullish correction phase.

19 thg 1

Ghi chú

No short side

19 thg 1

Ghi chú

wait for long side...break and retrace then enter long

20 thg 1

Ghi chú

if there is no break above, bottom side liquidity will be finished...safe before long.

20 thg 1

Ghi chú

trendline is pushing up...

23 thg 1

Ghi chú

Exactly opens in the zone of resistance.. There might be some push to the top side... Later it may again fall back... Keep safe before long

23 thg 1

Ghi chú

Price is exactly in the zone of support.... Keep safe before short from this level

24 thg 1

Ghi chú

44150 -44200 is a good support... Keep in long side from here