BANKNIFTY--Breakout or Breakdown ??

٢٤ مايو ٢٠٢٣

------>> Finally the trendline broken strongly, after a long time.
-------->> if price again wants to test the Resistance or continue to fall down.
price is exactly closed in the demand zone, stronger one, actually its supply zone acts as demand.
if this acts as support price is again bullish, and will test the supply zone again, and fall back or continue to move upside.

Plan A:: Keep on the buy side from 43600 levels until it breaks. if price again breaks 43850 level and not able to go below yesterday low, we will be on buy side for target of 43950 and 44040 and 44160 level.




plan B::
If price falls below demand zone, we will sell on retracement.




Plan C:
If price reaches the All time high again, we will go for short with confirmation only. if again price fall below 43950and takes the support @43850 pushes the price up, then sell @43950 zone.



Plan D::
Price may consolidate between the Supply zones moves up breaking the all time high.

٢٥ مايو ٢٠٢٣

ملاحظة

Don't Go for selling....price may reverse fast...

٢٥ مايو ٢٠٢٣

ملاحظة

wait until price breaks 43480-43450 level. for short, price may again reverse here.

٢٥ مايو ٢٠٢٣

ملاحظة

Price is struggling, fake breakdown may happens

٢٥ مايو ٢٠٢٣

ملاحظة

Price wants to break this level, and going test final support 43350, strong bullishness happens here.

٢٥ مايو ٢٠٢٣

ملاحظة

The end of bearishness

٢٥ مايو ٢٠٢٣

ملاحظة

this is the last holding level for buyers, to take the price up. If they failed great fall ahead.
Keep observe this level.