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...

تعليق:

The end of bearishness ....but don't go long

تعليق:

we don't have confirmation....as this is yesterday's continuation...

تعليق:

wait until price breaks the trendline...before long.

تعليق:

until don't go long....it may again continue its direction...be safe.

تعليق:

Inverse Head and shoulder may comes...will see

تعليق:

don't go for short

تعليق:

Enter long on break of this..

تعليق:

safe ones avoid...It is a risk one.

تعليق:

If any one wants to change thier stoploss change it to below neckline...

تعليق:

Its revolving around entry point....

تعليق:

Its being risky...take care of good ones.

أغلقت الصفقة: تم الوصول لوقف الخسارة:

تعليق:

Hitting the retail traders stoploss and moving back....

تعليق:

I am entering long again.

تعليق:

there is a chance that same level again push it down...keep safe.

تعليق:

No more trades for today....as it is very volatile....leave for the day.

تعليق:

price is at important level..