Nifty Bank has formed a consolidation range and the price is now trading at support. Wait for a breakout/breakdown and then retest to enter the trade in a favourable direction.
Which side do you think it's going to breakout - UP or DOWN? Until that happens just expect price to remain volatile and keep bouncing between the support and the resistance marked.
Which side do you think it's going to breakout - UP or DOWN? Until that happens just expect price to remain volatile and keep bouncing between the support and the resistance marked.
Comment:
worked perfectly, now facing a little resistance, need to absorb all the supply if we have to breakout of the range. Levels worked like magic. :)