Nifty Bank IndexAtualizado BANKNIFTY--Trending or Range ??
the Banknifty index is still in range...
Price is continuously rejecting from the level @45100...
today after a strong fall price stopped its bearish momentum...and
price closed in the same range again...
If tomorrow price breaks the 44700 level...will be on buy side up to trendline and 45100.
If price wants to breaks this strong bullish momentum it has to break with either gap down or consolidation to bearish.
Until price breaks this level 44300 level keep on bullish...
On upside we are still pending with the retest of major trendline...
Keep track this trendline...if resist the price to go up will get good point.
will see in the next session what happens...
Price is continuously rejecting from the level @45100...
today after a strong fall price stopped its bearish momentum...and
price closed in the same range again...
If tomorrow price breaks the 44700 level...will be on buy side up to trendline and 45100.
If price wants to breaks this strong bullish momentum it has to break with either gap down or consolidation to bearish.
Until price breaks this level 44300 level keep on bullish...
On upside we are still pending with the retest of major trendline...
Keep track this trendline...if resist the price to go up will get good point.
will see in the next session what happens...
Nota
The end of bearishness ....but don't go longNota
we don't have confirmation....as this is yesterday's continuation...Nota
wait until price breaks the trendline...before long.Nota
until don't go long....it may again continue its direction...be safe.Nota
Inverse Head and shoulder may comes...will seeNota
don't go for shortNota
Enter long on break of this..Nota
safe ones avoid...It is a risk one.Nota
If any one wants to change thier stoploss change it to below neckline...Nota
Its revolving around entry point....Nota
Its being risky...take care of good ones.Trade fechado: stop atingido
Nota
Hitting the retail traders stoploss and moving back....Nota
I am entering long again.Nota
there is a chance that same level again push it down...keep safe.Nota
No more trades for today....as it is very volatile....leave for the day.Nota
price is at important level.. 
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Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
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