Continuation of idea published on 23 NOV.
Consolidation in upper area. Chance of coming down for some correction.
In a long consolidation phase, good probability of giving breakout now.
After a long consolidation, can start moving up again.
Distribution while in uptrend and declining volume. Chance of doing some more correction.
Consolidation after upmove and now change of another breakout.
Trading setup on break of trendline for bank nifty.
Long term chart analysis of Bank Nifty showing it near resistance area.
In consolidation for quite some time now. Can give breakout now.
Previous strong support will now act as resistance.
Good consolidation and price squeezing in narrow zone. Chance of breakout is high.
A short opportunity on basis of upper channel.
In consolidation phase. Possible breakout soon.
In consolidation for a decent time. Can move up now.
Can give breakout as it is in consolidation phase.