Bank nifty taken the liquidity below the 47200 levels...
on bottom side we have a strong bullishness observed by breaking the trendline @46800 levels,
now price is on its way to test this zone of support. this is the only zone that can push the
BANKNIFTY further upside...
keep in long side as long as price is above this levels.
on the other hand, IF price failed to breaks the NECKLINE or failed to create the right shoulder price will again test the ATH levels.
this is the only short cut way to reach the ATH again.
on bottom side we have a strong bullishness observed by breaking the trendline @46800 levels,
now price is on its way to test this zone of support. this is the only zone that can push the
BANKNIFTY further upside...
keep in long side as long as price is above this levels.
on the other hand, IF price failed to breaks the NECKLINE or failed to create the right shoulder price will again test the ATH levels.
this is the only short cut way to reach the ATH again.
Comment:
price taken the liquidity...but price is closing above the same zone, wit for short side confirmation
Comment:
A good Zone sell for short side is 47600 levels...otherwise stop loss is more on topside.
Comment:
Comment:
its liquidity grab one more time...no entry for continuation...wait for long
Comment:
Comment:
Both are risky trades... if possible avoid.
Comment:
Comment:
still the same zone waiting for breakdown
Comment:
Again at entry zone...for short side.
Trade closed: stop reached
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