BANKNIFTY-- Bearish channel Breakout ??

price is exactly closed in the resistance zone again.
Broken the trendline strongly...
broken the bearish channel strongly.
Today after showing strong bearish momentum price showing strong bullishness, finally closed at resistance zone.
price is now above the bearish channel...
if this resistance zone,resist the price to go up it will fall upto the bearish channel.
If price falls below the bearish channel again...
price again chance of falling downside.
Previous resistances, gives support price is bullish again and will break 45100 levels soon.
Consolidation may happens, before going to break the resistance.
will see what happens in the next session.

הערה:

don't go for long.

הערה:

we will buy at discounted price.

הערה:

Go long...hen break and retest..until keep in short side.

הערה:

If price breaks and retest will go for short side...with small SL.

הערה:

Targets are previous resistances.. on trendline 44780 and 44670

הערה:

Enter short...when trendline fails to push the price up.

הערה:

previously the 44800-44850 zone is stronger...thats why it will not allow the price to goes down.

הערה:

wait for rally base rally or reversal with retracement.

הערה:

end of bullishness ...

הערה:

keep safe...

הערה:

Price gives us discount...wait for short

הערה:

don't go short...price may again break high.

הערה:

Keep an eye 45300

הערה:

All longs going to windup...

הערה:

Keep safe guys.....