yvatsji

TRADE POSSIBILITY ON 17.3.2020

Long
NSE:BANKNIFTY   NIFTY BANK
IN YESRERDAY POST I SHOWED RANGE WHERE MARKET WAS ABOUT TO CONSOLIDATE BUT IT CHOOSE SLIGHTLY DOWN ZONE TO CONSOLIDATION WHOLE DAY .THE PROCESS OF RANGE BOUND TRADE HAPPENED BUT SLIGHTLY DOWN. AS IN FIG BULLISH ENGULING PATTREN IS SHOWN THAT IS YET NOT ACTIVATED . IF TOMMOROW MARKET OPENS GAP DOWN AND COMES BACK IN THE LEVEL SHOWN 22530 WITH IN 4 HRS OF TRADE WITHOUT BREACHING THE FRIDAY LOW THEN BEARISH TREND WILL REVERSE INTO BULLISH FOR COMING 3 TO 4 DAYS. OTHERWISE NEW LOW WILL BE MADE.