IIT-Trader

BANKNIFTY--Breakout or Breakdown??

IIT-Trader Updated   
NSE:BANKNIFTY   Nifty Bank Index
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.
Comment:
Enter on short up to the rally base rally zone...
Comment:
If price breaks and retest will enter on short side...
Comment:
Broken the channel....lets wait for retest...
Comment:
An upside move may continue...keep safe....lets wait for break again...
Comment:
keep in short side
Comment:
until price breaks 44600
Comment:
Exit few may end of bearishness
Trade closed: target reached:
Target 1 is done
Comment:
waiting for Rally base rally point.

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