Expecting BANKNIFTY to break Lower Trend line, Waiting to Short.
Banknifty moving in a channel and narrowing its range thus hinting us to break the lower trendline. Might be risky as we were entering before the breakout but if this thing works we may easily capture around 300 points.
Most of the people might be wating for breakout of lower trendline thus entring before the audience to have the first mover advantage, if it will break the trendline we might see impulsive move.
So Enter Short Below 22150 for targets of 50,100, 150, 225 & 300 with sl around 22380.
Also if it somehow manages to move above 22400 we might be Entering Long for Targets of 50,100,200 &300 with Sl around 22200.
Most of the people might be wating for breakout of lower trendline thus entring before the audience to have the first mover advantage, if it will break the trendline we might see impulsive move.
So Enter Short Below 22150 for targets of 50,100, 150, 225 & 300 with sl around 22380.
Also if it somehow manages to move above 22400 we might be Entering Long for Targets of 50,100,200 &300 with Sl around 22200.
Order cancelled:
Avoided Short Entry as of now, Opened Gap Down @ 22110 and made low of 22000.
