BANKNIFTY--@ Trendline Liquidity??

Updated

Bank nifty index is facing constant rejection from the resistance @ 46300,
and a lot of liquidity lies below the 45000 support levels...
if tomorrow open up or opens flat, then they immediately takes the price to grab the liquidity on bottom side. so take care before going long from this area.

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Opens exactly above the resistance zone... Keep in short side from 47000-47200 levels
Liquidity done on topside

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46800 Is also a resistance keep safe here....

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if 46400 acts as resistance then only fall

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until that no short view

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46400 acts as support and rally base rally done...
keep safe from here...

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47000-47200 is one more strong area to push it down...
book all longs here....
now it near to its Support becomes resistance area.

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Banknifty--@What is Resistance (S or T)??

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If no continuation head and shoulders be possible.

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wait for the shoulder to form.

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Now ready to rise but don't go for long side... Might it take reversal from this place to continue down

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Filled the bullish gap ...no Long side view if price comes back to 46600 levels then look for short side continuation.

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Consolidation to bearishness leads to gap up tomorrow
Or liquidity grab below 45000 and then upside chance so careful here

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Now price is near to its Trendline...take care

IIT-Trader

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