BANKNIFTY--Liquidity or Bullish??
Updated
Bank Nifty index is showing bearish pressure from the right shoulder...
a strong fall is noticed when neckline is rejected...
Now price is near to its demand zones...
A lot of liquidity is below the support levels...
After the liquidity grab price chances of moving is more.
on the topside, we have trendline....in order to reach the higher levels price has to break the trendline and retest...so keep in the bearish side as long as price is below the trendline...
It might be in consolidation zone below trendline and above support zones.
keep safe from these zones.
a strong fall is noticed when neckline is rejected...
Now price is near to its demand zones...
A lot of liquidity is below the support levels...
After the liquidity grab price chances of moving is more.
on the topside, we have trendline....in order to reach the higher levels price has to break the trendline and retest...so keep in the bearish side as long as price is below the trendline...
It might be in consolidation zone below trendline and above support zones.
keep safe from these zones.
Note
on the other hand...drop base drop is also end up at 44800 levels....so keep looking for buy when price is near to this levels...Note
a lot of liquidity lies above ...Note
there ma be an elimination move....strict SLNote
becoz its a strong zoneNote
trendline liquidity done...now this is the real move...Note
it is now at trendline keep safe....strict slTrade closed: target reached
Note
Safe traders exit thier positions...will see in the next sessions...
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