If The Resistance Banknifty is facing breaks then there can be a good move upside , and if it doesn't sustain the Resistance then it can create volatility between the zones shown But Majorly we will prefer to go long
For the 1st 4 hours it created volatility in a range of 100 points , which is a small range , so we took the trade when there is a breakout in triangle pattern as well as the 100 point Range...Bought 35600 CE at ₹67 and exited at ₹114
Can short below the support zone , but pls wait untill a 5 min candle close with bearishness... Follow me for daily analysis
This stocks has been trading in a channel pattern since many years and gave a breakout and pullback too, so Its a quite good stock to invest in small small quantity....
If the support $34000 breaks then there can be a fall upto $28000