IIT-Trader

BANKNIFTY--@Trendline Resistance

IIT-Trader Updated   
NSE:BANKNIFTY   Nifty Bank Index
A strong bullishness is observed in BANKNIFTY index, now it is at one more crucial stage
this time will this breaks the trendline or fails to break this line.
if price failed to make a break above this will observe a one more fall in Bank Nifty.
On bottom side we have liquidity lies below 44600 levels...
Wait for the price to break the trendline and sustain otherwise fall happens.
This is the place to book all longs for now.
Comment:
on the otherside price broken the trendline strongly,waiting for retest for further continuation.
Comment:
drop base drop is expecting in Banknifty...please wait for the price to breaks bullish trendline
Comment:
keep in long side as long as price is above 47200 levels.
Comment:
manipulation chances are more at high... keep safe
Comment:
again at channel bottom
Comment:
price is now at support...wait for bullish turn
Comment:
Manipulation moves occur keep safe...important zone.
Comment:
If retracement gives possible move.
Comment:
price is not at all broken the support at 47200 ,
on the other side consolidation to bullish expceted for reversal.
showing some resistance at 47700 levels...
wait for the price to breaks the support for short side...otherwise it will reach 47700
Comment:
Comment:
keep safe no sign of bearishness...if change this is the place...if safe traders want to exit exit at breaks the trendline.
Trade closed: target reached:
Target 1 done.
Trade closed: target reached:
Exit from long before selling pressure comes...keep safe...wait for bearish side...not immediately.
Comment:
finally its done...
Comment:
Keep in long side as long as price is above the major trendline.....
Comment:
price filled the bearish gap well

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