Nifty Bank IndexUpdated BANKNIFTY--@Trendline Resistance??
BANKNIFTY Index is showing bearishness from 47200 levels...
On top side price created a trendline...now until price breaks the trendline keep ur view to short only..
failed to consolidate on topside..to move upside..
so its time to look for short near the trendline...
tomorrow chance of upside and test the trendline and again turned to bearish again...
to grab the liquidity below the demand zones. on bottom side we have supports at 46200 and 45800 levels
wait for the price to come to these zones, enter here to continue long side again.
On top side price created a trendline...now until price breaks the trendline keep ur view to short only..
failed to consolidate on topside..to move upside..
so its time to look for short near the trendline...
tomorrow chance of upside and test the trendline and again turned to bearish again...
to grab the liquidity below the demand zones. on bottom side we have supports at 46200 and 45800 levels
wait for the price to come to these zones, enter here to continue long side again.
Note
A rally base rally is expecting even though it is bearish...Note
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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--
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
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.