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...

Комментарий:

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

Комментарий:

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

Комментарий:

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

Комментарий:

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

Комментарий:

Inverse Head and shoulder may comes...will see

Комментарий:

don't go for short

Комментарий:

Enter long on break of this..

Комментарий:

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

Комментарий:

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

Комментарий:

Its revolving around entry point....

Комментарий:

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

Сделка закрыта: достигнута стоп-лосс цена:

Комментарий:

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

Комментарий:

I am entering long again.

Комментарий:

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

Комментарий:

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

Комментарий:

price is at important level..