BANKNIFTY--Case1 or Case2 or Case3??

23 mag 2023

The yesterday supply zone clearly resisting the price to down, after breaking the supply zone price reached the demand zone that form today.
clearly the price is bullish again, still no sign of bearishness in the BANKNIFTY.
Consolidation + Downside movement = Bullish again



All the banking stocks are near its supply zone, SBIN,HDFCBANK @ Demand zone, Axisbank at Supply ready to test, ICICI In bullish channel,
witness clearly in buyside, let's see what happens tomorrow.

Case 1::
if tomorrow opens gap down and clearing demands and price again comes back to the supply we will go for sell in bank nifty.



Case 2::
If price is again bullish from demand zone, will be on buyside above supply zone candle, it may reject again, until all time high.



Case 3::

if price rejects from supply zone and not able to go below demand again buyside until ATH.



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24 mag 2023

Nota

observe the reaction at this zone

24 mag 2023

Nota

this is the momentum changing area, keep watch this level.

24 mag 2023

Nota

yesterday strong fall happens in this area, may push the price again.

24 mag 2023

Nota

Fast move may possible. Be safe

24 mag 2023

Trade chiuso: obiettivo raggiunto

Now it is in demand zone, will see weather its giving support or not.