BANKNIFTY--Case1 or Case2 ??

BANKNIFTY is now at golden zone of fibonacci.
we have 2 possible cases here,
case1::
It may reverse from golden zone.
(or)
case2:: After strong bearishness today given some retracement, to enter short side continuation.
If price consolidates , price fall continue towards bullish gap on bottom side.
Keep safe here, volatility is more in this scenarios.

Commentaire:

Before Budget these bullish and bearish moves are common.
If price consolidates between the zones from 47000-44500 levels, after budget price gives rally to topside...
Be careful until Budget.

Commentaire:

Commentaire:

the current situation of Bank nifty is in Bullish correction phase.

Commentaire:

No short side

Commentaire:

wait for long side...break and retrace then enter long

Commentaire:

if there is no break above, bottom side liquidity will be finished...safe before long.

Commentaire:

trendline is pushing up...

Commentaire:

Exactly opens in the zone of resistance.. There might be some push to the top side... Later it may again fall back... Keep safe before long

Commentaire:

Price is exactly in the zone of support.... Keep safe before short from this level

Commentaire:

44150 -44200 is a good support... Keep in long side from here