Bank Nifty index is showing bearish pressure from the right shoulder...
a strong fall is noticed when neckline is rejected...
Now price is near to its demand zones...
A lot of liquidity is below the support levels...
After the liquidity grab price chances of moving is more.
on the topside, we have trendline....in order to reach the higher levels price has to break the trendline and retest...so keep in the bearish side as long as price is below the trendline...
It might be in consolidation zone below trendline and above support zones.
keep safe from these zones.
a strong fall is noticed when neckline is rejected...
Now price is near to its demand zones...
A lot of liquidity is below the support levels...
After the liquidity grab price chances of moving is more.
on the topside, we have trendline....in order to reach the higher levels price has to break the trendline and retest...so keep in the bearish side as long as price is below the trendline...
It might be in consolidation zone below trendline and above support zones.
keep safe from these zones.
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on the other hand...drop base drop is also end up at 44800 levels....so keep looking for buy when price is near to this levels...
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a lot of liquidity lies above ...
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there ma be an elimination move....strict SL
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becoz its a strong zone
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trendline liquidity done...now this is the real move...
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it is now at trendline keep safe....strict sl
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Safe traders exit thier positions...will see in the next sessions...
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Also share your thoughts in the comments section.
Thanks for your Support **
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