BANKNIFTY--Double Bottom??

BANKNIFTY index is now at support levels.....
previously a strong bullish move is observed from this levels....
Price is now at the same strong support...a lot of liquidity is lies below this levels...
on topside price is rejected by the trendline multiple times...
so we have a trendline liquidity as well on topside....
Wait for the bullish turn from this levels...or after completion of the liquidity below these levels...
as of now we have a chance of double bottom...keep in long side from this support levels.
Safe traders wait for the price to break the trendline and retracement to enter long...
this is the only short cut way to reach the 47200 levels....
those who miss the previous opportunity this is the time to look for buying...
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Kommentera:

Banknifty at its important zone of support ...