Perfect Breakout or Breakdown Play For Banknifty FUT at 42000

Here I See Bank nifty is Hitting Very Important Zone That is Daily Falling Trendline Resistance Area .
Previously BN FUT Has Had Taken Sharp Cut At These Levels & Could Not Sustain .

Hence This is Now 4th Attempt To Make Or Break .

Possible Moves .

Breakdown Scenario .
- Since Last 3 Times Whenever We Had These Levels Hit We Had Suddent Quick Breakdown Hence Possibility is High for same again.
- How do we know its breakdown ? Look for Daily Doji HAC Candle Close and Its Low To Be Broken.
- Look For 15 Mins Head & Shoulder or M Pattern
- If either of these give breakdown then good opportunity to short

Breakout Scenario
- I would consider breakout only if 2 days candles close above this trendline and are green in color
- There is also a high chance of bull trap at this zone .
- How to Identify Breakout ? Either 2 Daily HH Candle Closing Above Resistance TL
- Flag/Ascending Tringle Breakout in 1 Hour TF
- Make Sure That There is No RSI Or Macd Divergence in 15 or 30 mins TF .
- If this happens good opportunity to go long

Disclaimer