BANKNIFTY--Case1 or Case2 ??

Zaktualizowano

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.

Uwaga

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.

Uwaga

Uwaga

the current situation of Bank nifty is in Bullish correction phase.

Uwaga

No short side

Uwaga

wait for long side...break and retrace then enter long

Uwaga

if there is no break above, bottom side liquidity will be finished...safe before long.

Uwaga

trendline is pushing up...

Uwaga

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 long

Uwaga

Price is exactly in the zone of support.... Keep safe before short from this level

Uwaga

44150 -44200 is a good support... Keep in long side from here

IIT-Trader

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