BANKNIFTY--Breakout or Breakdown??
Updated
Drop base drop is observed @44720 levels....
Rally base rally is observed from 44400 levels...
tomorrow these are my point of intrest for shorting and buying levels....
If a continuous fall is detected from 44720 levels, then will be on bearish mode until
44400,44300,44120 levels and below...
If we consider the above drop is a weak one...will be bullish above 44720 level break and retest...
to be continued on top side for targets of 44800,44950 and 45100 and above we have a liquidity lies on that area....
Will see what happens in the next session.
Rally base rally is observed from 44400 levels...
tomorrow these are my point of intrest for shorting and buying levels....
If a continuous fall is detected from 44720 levels, then will be on bearish mode until
44400,44300,44120 levels and below...
If we consider the above drop is a weak one...will be bullish above 44720 level break and retest...
to be continued on top side for targets of 44800,44950 and 45100 and above we have a liquidity lies on that area....
Will see what happens in the next session.
Note
Enter on short up to the rally base rally zone...Note
If price breaks and retest will enter on short side...Note
Broken the channel....lets wait for retest...Note
An upside move may continue...keep safe....lets wait for break again...Note
keep in short sideNote
until price breaks 44600Note
Exit few may end of bearishnessTrade closed: target reached
Target 1 is done Note
waiting for Rally base rally point.
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