BANKNIFTY--Trendline Breaks ??Price opens gap up above the trendline, and failed to take the help of trendline.
sellers are aggressively taken the price towards demand zone.
Reached our targets on bottom side up to demand zone.
now interesting point is,
price exactly closed at the previous supply zone, where previously a strong sell off is observed.
If price wants to go downside, this is the place to take it downside...as already discussed earlier.
we will go for buying only if trendline acts as support, we will initiate a long entry...
if demand breaks and gives us pullback will enter on short side, with small stop loss.
In smaller time frame, price broken the trendline and closed below it.
will see what happens tomorrow in live.
