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...

הערה:

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

הערה:

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

הערה:

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

הערה:

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

הערה:

Inverse Head and shoulder may comes...will see

הערה:

don't go for short

הערה:

Enter long on break of this..

הערה:

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

הערה:

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

הערה:

Its revolving around entry point....

הערה:

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

עסקה סגורה: הגיע לסטופ:

הערה:

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

הערה:

I am entering long again.

הערה:

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

הערה:

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

הערה:

price is at important level..