BANKNIFTY--Trendline Liquidity??

11 Nov

BankNifty index is facing resistance from 52500 and 52300 levels.
A lot of liquidity is lies below the trendline, keep safe before going long from this area,
price is moving in a channel, we have a chance of breaking the trendline and moving downwards, to test the support levels below, a lot of buy orders are below the support levels at
50200 levels. Keep safe Here.

11 Nov

Catatan

Consolidation is required to for breakout above these levels.

12 Nov

Catatan

If price breaks the trendline, strong fall may happens, we have a demand zone at below levels.
Keep safe here as well.
If retest failed to push the price down, completely upside will happens.

12 Nov

Catatan

wait until this happens -- break of the trendline