BANKNIFTY--Trending or Range ??

the Banknifty index is still in range...
Price is continuously rejecting from the level @45100...
today after a strong fall price stopped its bearish momentum...and
price closed in the same range again...

If tomorrow price breaks the 44700 level...will be on buy side up to trendline and 45100.
If price wants to breaks this strong bullish momentum it has to break with either gap down or consolidation to bearish.
Until price breaks this level 44300 level keep on bullish...

On upside we are still pending with the retest of major trendline...

Keep track this trendline...if resist the price to go up will get good point.

will see in the next session what happens...

ความคิดเห็น:

The end of bearishness ....but don't go long

ความคิดเห็น:

we don't have confirmation....as this is yesterday's continuation...

ความคิดเห็น:

wait until price breaks the trendline...before long.

ความคิดเห็น:

until don't go long....it may again continue its direction...be safe.

ความคิดเห็น:

Inverse Head and shoulder may comes...will see

ความคิดเห็น:

don't go for short

ความคิดเห็น:

Enter long on break of this..

ความคิดเห็น:

safe ones avoid...It is a risk one.

ความคิดเห็น:

If any one wants to change thier stoploss change it to below neckline...

ความคิดเห็น:

Its revolving around entry point....

ความคิดเห็น:

Its being risky...take care of good ones.

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ความคิดเห็น:

Hitting the retail traders stoploss and moving back....

ความคิดเห็น:

I am entering long again.

ความคิดเห็น:

there is a chance that same level again push it down...keep safe.

ความคิดเห็น:

No more trades for today....as it is very volatile....leave for the day.

ความคิดเห็น:

price is at important level..