IIT-Trader

BANKNIFTY--Break @ATH or Reversal ??

IIT-Trader 업데이트됨   
NSE:BANKNIFTY   Nifty Bank Index
---->> The index is trending upwards.
----->> until price breaks demand zone@43500-43350 level, no sign of bearishness in the BN.
----->> The demand created @ 43600 have a chance to take the price above 44200 levels, careful here short.
----->> After taking the support from these levels, price is not moving above the 44200 levels.
yesterday showing bullish pressure @43600 levels, if it will continue to move will see a new highs above
@All time highs.
@ This level, sellers aggressively try to push it downwards.
If buyers failed to take above levels, causing a break below 43500-43350 levels, sellers will take advantage of it causing break of bullishness.
Consider only a short term downtrend.


------->> Fake outs may possible @44200 levels, keep track this levels.

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코멘트:
코멘트:
코멘트:
코멘트:
Consolidation + Upside = Chance of reversal
코멘트:
Risky trade...
코멘트:
No strong Sellers....thinking
코멘트:
manipulation happens at day high also.....keep look
코멘트:
코멘트:
코멘트:
코멘트:
If price wants to break the demand, it will break strongly, strong push may happen
코멘트:
if momentum is strong and a continuous fall is happens up to 42800 levels. Be cautious.
It will finish in 1 move.
코멘트:
Banknifty same story.....Still in range
코멘트:
It will break above or Below

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