BANKNIFTY-- Bearish channel Breakout ??

price is exactly closed in the resistance zone again.
Broken the trendline strongly...
broken the bearish channel strongly.
Today after showing strong bearish momentum price showing strong bullishness, finally closed at resistance zone.
price is now above the bearish channel...
if this resistance zone,resist the price to go up it will fall upto the bearish channel.
If price falls below the bearish channel again...
price again chance of falling downside.
Previous resistances, gives support price is bullish again and will break 45100 levels soon.
Consolidation may happens, before going to break the resistance.
will see what happens in the next session.

코멘트:

don't go for long.

코멘트:

we will buy at discounted price.

코멘트:

Go long...hen break and retest..until keep in short side.

코멘트:

If price breaks and retest will go for short side...with small SL.

코멘트:

Targets are previous resistances.. on trendline 44780 and 44670

코멘트:

Enter short...when trendline fails to push the price up.

코멘트:

previously the 44800-44850 zone is stronger...thats why it will not allow the price to goes down.

코멘트:

wait for rally base rally or reversal with retracement.

코멘트:

end of bullishness ...

코멘트:

keep safe...

코멘트:

Price gives us discount...wait for short

코멘트:

don't go short...price may again break high.

코멘트:

Keep an eye 45300

코멘트:

All longs going to windup...

코멘트:

Keep safe guys.....