BANKNIFTY--Bullish Setup??
Diupdate
Bank nifty taken the liquidity below the 47200 levels...
on bottom side we have a strong bullishness observed by breaking the trendline @46800 levels,
now price is on its way to test this zone of support. this is the only zone that can push the
BANKNIFTY further upside...
keep in long side as long as price is above this levels.
on the other hand, IF price failed to breaks the NECKLINE or failed to create the right shoulder price will again test the ATH levels.
this is the only short cut way to reach the ATH again.
on bottom side we have a strong bullishness observed by breaking the trendline @46800 levels,
now price is on its way to test this zone of support. this is the only zone that can push the
BANKNIFTY further upside...
keep in long side as long as price is above this levels.
on the other hand, IF price failed to breaks the NECKLINE or failed to create the right shoulder price will again test the ATH levels.
this is the only short cut way to reach the ATH again.
Catatan
price taken the liquidity...but price is closing above the same zone, wit for short side confirmationCatatan
A good Zone sell for short side is 47600 levels...otherwise stop loss is more on topside.Catatan
Catatan
its liquidity grab one more time...no entry for continuation...wait for longCatatan
Catatan
Both are risky trades... if possible avoid.Catatan
Catatan
still the same zone waiting for breakdownCatatan
Again at entry zone...for short side.Trading ditutup: stop tercapai
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