BankNifty trending channel.
BankNifty is stuck in channel of supply and demand . My levels has not been changed since more than a week.
Until and unless it breakout either way it will not trend.
Strictly do not make any view orelse you will be stuck.
Yesterday it went high and I was sure it will comeback as it rose without volumes.
And today it cameback to the channel and closed midway.
Probably it will try to reach the supply zone again if it has enough fuel.
Smart traders stay away from such phase to avoid any loss.
Let market show you the direction and you walk with it. When the breakout comes it will be huge.
Stay patient.
Play safe and Happy trade :)
Note: Views only for educational purpose. Consult your financial advisor before any trade.
Until and unless it breakout either way it will not trend.
Strictly do not make any view orelse you will be stuck.
Yesterday it went high and I was sure it will comeback as it rose without volumes.
And today it cameback to the channel and closed midway.
Probably it will try to reach the supply zone again if it has enough fuel.
Smart traders stay away from such phase to avoid any loss.
Let market show you the direction and you walk with it. When the breakout comes it will be huge.
Stay patient.
Play safe and Happy trade :)
Note: Views only for educational purpose. Consult your financial advisor before any trade.
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