BANKNIFTY is now at golden zone of fibonacci.
we have 2 possible cases here,
case1::
It may reverse from golden zone.
(or)
case2:: After strong bearishness today given some retracement, to enter short side continuation.
If price consolidates , price fall continue towards bullish gap on bottom side.
Keep safe here, volatility is more in this scenarios.
we have 2 possible cases here,
case1::
It may reverse from golden zone.
(or)
case2:: After strong bearishness today given some retracement, to enter short side continuation.
If price consolidates , price fall continue towards bullish gap on bottom side.
Keep safe here, volatility is more in this scenarios.
Note
Before Budget these bullish and bearish moves are common.If price consolidates between the zones from 47000-44500 levels, after budget price gives rally to topside...
Be careful until Budget.
Note
Note
the current situation of Bank nifty is in Bullish correction phase.Note
No short sideNote
wait for long side...break and retrace then enter long Note
if there is no break above, bottom side liquidity will be finished...safe before long.Note
trendline is pushing up...Note
Exactly opens in the zone of resistance.. There might be some push to the top side... Later it may again fall back... Keep safe before longNote
Price is exactly in the zone of support.... Keep safe before short from this levelNote
44150 -44200 is a good support... Keep in long side from here
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**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
" i am a IT-Trader "
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
" i am a IT-Trader "
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.