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Bank Nifty - Bullish for further 49000 levels???

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Chart Patterns Trend Analysis
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chartpattern trendanalysis
BNF looks bullish now but if we see the daily candlestick - it creates confusion in the mind.

Simple analysis:
Gap Down Open - Confusion/Reversal
Gap up Open - Must be above top blue line

Bullish - Prices must hold above top blue line!

NTZ = NOTRADING ZONE (Avoid fresh entry)

Komentar:
Almost flat opening. Chances of reversal/ failure is there!
Komentar:
first target achieved
Komentar:
BNF opening today in the NTZ! This analysis could achieve 1st target only towards upward move! Mindset changed now! Neutral till prices keave the NTZ.
Komentar:
Sell on rises activates!
The Rises
1st 48200-280

2nd 48350 to 48475
Komentar:
The 1st rise worked very well today!
Trading ditutup: target tercapai:
both upward and downward targets achieved!
Pernyataan Penyangkalan

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