BANKNIFTY--Trading in a channel??
Updated
Bank nifty is trading in a channel
if the bottom channel failed to push the price upside...
fall will happens below 46500 levels...either by consolidation or strong bearish momentum
More liquidity lies below this levels...
keep safe....wait until the price breaks the channel for bearishness...
if the bottom channel failed to push the price upside...
fall will happens below 46500 levels...either by consolidation or strong bearish momentum
More liquidity lies below this levels...
keep safe....wait until the price breaks the channel for bearishness...
Comment
Important zone of resistance...wait before going long...Comment
Exactly at the channel bottom...on topside may be its a double top...we have to wait for fully bearish sign.
Comment
Price broken the Channel...but failed to close below it...if tomorrow price is again comes back to the topside and consolidates...it will continue to move upside....'careful here.
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