Bank Nifty - Bullish for further 49000 levels???

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)

Kommentera:

Almost flat opening. Chances of reversal/ failure is there!

Kommentera:

first target achieved

Kommentera:

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.

Kommentera:

Sell on rises activates!
The Rises
1st 48200-280

2nd 48350 to 48475

Kommentera:

The 1st rise worked very well today!

Trade stängt: målet nått:

both upward and downward targets achieved!