BANKNIFTY--Rise or Fall ??
Updated
Observations:: ((This part continuation to Consolidation + Down = Up))
---After a strong consolidation + downside = Upward Is Done.
--->> The Base is again acting as a resistance so price fall is done.
---->>now price is nearly at its demand zone,43400 if this zone breaks or not??
the possibility of breaking this zone is more until price is below 43700 range.
that is the range previously a strong rise is observed...its clear demand zone.
today price broken the demand zone and retested the same zone and closes below that zone.
if this same zone acts as resistance price can easily breaks this bottom demand @43400.
But before breaking this zone, we will observe a consolidation or strong fall is going to happen below these zones.
from the last 3 days a trending market is observed, no sign of range is observed.
if Demand zone @43400 will resist below and @43700 demand acts as supply will resist above we will observe a ranging market again.
if price strongly break this zone @43400, we have a next strong zone @43100-43000 is possible.
in the middle 43300 will gives us pullback. Will see what happens tomorrow in the live.
---After a strong consolidation + downside = Upward Is Done.
--->> The Base is again acting as a resistance so price fall is done.
---->>now price is nearly at its demand zone,43400 if this zone breaks or not??
the possibility of breaking this zone is more until price is below 43700 range.
that is the range previously a strong rise is observed...its clear demand zone.
today price broken the demand zone and retested the same zone and closes below that zone.
if this same zone acts as resistance price can easily breaks this bottom demand @43400.
But before breaking this zone, we will observe a consolidation or strong fall is going to happen below these zones.
from the last 3 days a trending market is observed, no sign of range is observed.
if Demand zone @43400 will resist below and @43700 demand acts as supply will resist above we will observe a ranging market again.
if price strongly break this zone @43400, we have a next strong zone @43100-43000 is possible.
in the middle 43300 will gives us pullback. Will see what happens tomorrow in the live.
Comment
Price is in the zone...lets wait for it will respect or break.Comment
if price breaks this level...look for sell..at zone. or It may move upwards again...careful at this zone.Comment
Rally base rally, ignore short @deamnd zone...price may move strongly upwards.Comment
anything may happens...wait for perfect breakdown..Comment
Still the price is not broken please wait....Comment
Comment
inverse Head and shoulders patternComment
be careful guys.....Trade closed: target reached
Comment
this is continuation for this part.
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