BANKNIFTY--Enters in to Consolidation ??
מעודכן
----------->>the stock is trending upwards in daily time frame. now the price is facing resistance 44000 levels.
------------>> We will wait for the price to break the range for confirmation of the trend of bank nifty, still it is in bullish trend.
------------>> Yesterday the price is in ranging.
------------>> the previous supply zone@43900-43850 clearly resisting the price to go down.
------------->> the previous demand zone @43450-43400 level failed to take the price above 44150 levels.
------------->>If price clears both these supply and demand zones, price heavily falls below 43400 levels and reach to 43100-43000 levels.
------------->> Keep track these zones, will the range be broken or not.
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If price breaks 44150 levels, we will observe again bullishness in bank nifty will take to new levels.
be careful here false breakouts may happen at these levels.
Now the plan C is working, may plan B also be possible. Manipulation and turning back again to below.
------------>> We will wait for the price to break the range for confirmation of the trend of bank nifty, still it is in bullish trend.
------------>> Yesterday the price is in ranging.
------------>> the previous supply zone@43900-43850 clearly resisting the price to go down.
------------->> the previous demand zone @43450-43400 level failed to take the price above 44150 levels.
------------->>If price clears both these supply and demand zones, price heavily falls below 43400 levels and reach to 43100-43000 levels.
------------->> Keep track these zones, will the range be broken or not.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
If price breaks 44150 levels, we will observe again bullishness in bank nifty will take to new levels.
be careful here false breakouts may happen at these levels.
Now the plan C is working, may plan B also be possible. Manipulation and turning back again to below.
הערה
this zone 43900-43850 has to reject to fall moreהערה
If price creates Supply Zone, then sell again here.הערה
הערה
this retracement is for sell again??הערה
can we go for shortעסקה פעילה
trade active on breaking the lowעסקה סגורה: הגיע לסטופ
After a long time stop loss hits.הערה
הערה
הערה
price is in supply zone, demand created @43600 fails, we sell for the target of 43420,43320 levels.הערה
הערה
Price again wants to test the supply @44050 -44010הערה
If price agains falls below 43900-435, we go for short with Sl of 44040
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Also share your thoughts in the comments section.
Thanks for your Support **
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