BANKNIFTY-- Bearish channel Breakout ??
Diupdate
price is exactly closed in the resistance zone again.
Broken the trendline strongly...
broken the bearish channel strongly.
Today after showing strong bearish momentum price showing strong bullishness, finally closed at resistance zone.
price is now above the bearish channel...
if this resistance zone,resist the price to go up it will fall upto the bearish channel.
If price falls below the bearish channel again...
price again chance of falling downside.
Previous resistances, gives support price is bullish again and will break 45100 levels soon.
Consolidation may happens, before going to break the resistance.
will see what happens in the next session.
Broken the trendline strongly...
broken the bearish channel strongly.
Today after showing strong bearish momentum price showing strong bullishness, finally closed at resistance zone.
price is now above the bearish channel...
if this resistance zone,resist the price to go up it will fall upto the bearish channel.
If price falls below the bearish channel again...
price again chance of falling downside.
Previous resistances, gives support price is bullish again and will break 45100 levels soon.
Consolidation may happens, before going to break the resistance.
will see what happens in the next session.
Catatan
don't go for long.Catatan
we will buy at discounted price.Catatan
Go long...hen break and retest..until keep in short side.Catatan
If price breaks and retest will go for short side...with small SL.Catatan
Targets are previous resistances.. on trendline 44780 and 44670Catatan
Enter short...when trendline fails to push the price up.Catatan
previously the 44800-44850 zone is stronger...thats why it will not allow the price to goes down.Catatan
wait for rally base rally or reversal with retracement.Catatan
end of bullishness ...Catatan
keep safe...Catatan
Price gives us discount...wait for shortCatatan
don't go short...price may again break high.Catatan
Keep an eye 45300Catatan
All longs going to windup...Catatan
Keep safe guys.....
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