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...

Kommentera:

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

Kommentera:

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

Kommentera:

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

Kommentera:

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

Kommentera:

Inverse Head and shoulder may comes...will see

Kommentera:

don't go for short

Kommentera:

Enter long on break of this..

Kommentera:

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

Kommentera:

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

Kommentera:

Its revolving around entry point....

Kommentera:

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

Trade stängt: Stopp nått:

Kommentera:

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

Kommentera:

I am entering long again.

Kommentera:

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

Kommentera:

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

Kommentera:

price is at important level..