BANKNIFTY--@Major Trendline Break ??

Updated

Bank nifty index is again taking the support from the trendline
and showing bullish pressure..
now the price is near its previous strong fall area.
If this area pushes the price downwards price is again fall.

If price breaks the trendline we have a strong support in the bottom side @44800...
that will again push the price upside...

So Until price breaks the trendline keep on buy side...
will be on short side...if price breaks and retest the trendline.

Will see in the next session what happens...

Note

Double top is also formed

Note

All these are indicating a reversals in Banknifty.

Note

those who are swing traders can look in this picture....they will understand much.

Note

wait for the breakdown of channel, and retest.

Note

Price is near to major trendline...

Note

Price broken..the trendline...wait before taking any positions.

Note

Major trendline broken strongly....now will wait for retest.

IIT-Trader

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