gepallyvamshi

Banknifty price action & SMC analysis

Long
NSE:BANKNIFTY   Nifty Bank Index
๐Ÿ“ŒThe market today was highly volatile. But as we discussed yesterday in trade 3, if price
breaks S1 we can bet for ๐Ÿ“‰ & exact the same happened.

๐Ÿ“Œ Yesterday the price broke the Trendline resistance and today price Re-tested it. Its not
recommnded to trade in highly volatile market like these as even market is making confused
moves of 200points ๐Ÿ“ˆ and 200points๐Ÿ“‰

๐Ÿ“Œ The price gave a breakout yesterday, and took a retest today, most probably it can move
higher till the orderblock where next selling can occur
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