BANKNIFTY--Last push towards 44K or 1 left ??

Observations::
---------->> the previous supply zone clearly resisting the price to go down, witnessed buyers succeed this time to take the price to higher levels.
---------->> Hence the price is closed @43900 levels.

If tomorrow price breaks 43400 level, we will observe a strong fall towards 43000,43100 levels
---------->> we have an untested demand zone @42200 will push the price upwards again to 43400 or 43600 (this will resist the price to upside again) gives pullback.
---------->> Be careful at 43000-43100 levels.
--------------------------------------------------------------------------------------------------------
consolidation + up move = fall again ,if price opens ((or falls)) below 43600 levels, look for sell opportunity at 43400 to 43600 levels.

Bình luận:

Bình luận:

Taken the support from demand zone and moved up again.

Bình luận:

now if price failed to close above the previous higher level and falls below demand look for sell .

Bình luận:

Previous levels, if price breaks 44080 level, there is no stronger level to to resist the price. price completely bullish. careful here.

Bình luận:

Manipulation happens here

Bình luận:

can we expect a supply zone

Bình luận:

Observations:
Buyers are decreasing from hour to hour while reaching the Resistance Zone, is this a sign of reversal or will buyers take the price above resistance zone.

Bình luận:

if demand flips, becomes Supply

Bình luận:

Bình luận:

wait for the break of Demand zone

Bình luận:

price has to leave a supply zone 44120 level and breaks demand zone then only sell at @demand or Supply.

Bình luận:

Bình luận:

wait for breakout