BANKNIFTY--Drop Base Drop
Updated
Banknifty is trading in a Bearish channel
Recently a strong Bearish is observed from 48000 levels.
Now price is approching the resistance,keep looking for short if price comes back to the same level.
Will become a drop base drop if fall happens.We have trendline liquidity as well.
Liquidity lies on both sides above 48000 and below 47000.
so careful here.Chance of clearing the liduidity on both sides.
Recently a strong Bearish is observed from 48000 levels.
Now price is approching the resistance,keep looking for short if price comes back to the same level.
Will become a drop base drop if fall happens.We have trendline liquidity as well.
Liquidity lies on both sides above 48000 and below 47000.
so careful here.Chance of clearing the liduidity on both sides.
Comment
Keep book your longs here.... Chance of falling from this levels...
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