BANKNIFTY--Enters in to Consolidation ??

----------->>the stock is trending upwards in daily time frame. now the price is facing resistance 44000 levels.
------------>> We will wait for the price to break the range for confirmation of the trend of bank nifty, still it is in bullish trend.
------------>> Yesterday the price is in ranging.
------------>> the previous supply zone@43900-43850 clearly resisting the price to go down.
------------->> the previous demand zone @43450-43400 level failed to take the price above 44150 levels.
------------->>If price clears both these supply and demand zones, price heavily falls below 43400 levels and reach to 43100-43000 levels.
------------->> Keep track these zones, will the range be broken or not.
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If price breaks 44150 levels, we will observe again bullishness in bank nifty will take to new levels.
be careful here false breakouts may happen at these levels.
Now the plan C is working, may plan B also be possible. Manipulation and turning back again to below.

Commento:

this zone 43900-43850 has to reject to fall more

Commento:

If price creates Supply Zone, then sell again here.

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Commento:

this retracement is for sell again??

Commento:

can we go for short

Trade attivo:

trade active on breaking the low

Trade chiuso: stop raggiunto:

After a long time stop loss hits.

Commento:

Commento:

Commento:

price is in supply zone, demand created @43600 fails, we sell for the target of 43420,43320 levels.

Commento:

Commento:

Price again wants to test the supply @44050 -44010

Commento:

If price agains falls below 43900-435, we go for short with Sl of 44040