BANKNIFTY-- Liquidity @45200 ?

A strong bullish move is observed from the 43800 levels...previously a strong support now acts as support again.

If tomorrow price wants to break the channel on top side...
it has to break 2 resistances at 44800 and 45000 levels..
which are considered as strong levels of resistance.

But the liquidity is lies on above these 2 resistances..
so in the next session if price gives us any retracement to 44200-44300 will be on buy side
up to these 2 resistances... until clears the liquidity.

Case 1::
If price breaks 44800 resistance and gives us retracement will be on buy side...

Case2 ::
If no retracement is given, then price will definitely in consolidation before breaking these 2 resistances...consider entry at channel bottoms

Case3 ::
Opens up and continue to move towards 45200 levels...
enters long on break and retest of any resistance.
If price stops then sellers will try to push it downwards...so a strong push will happens...

case 4 :: Opens flat and gives us some discount @44200 levels...then also be long...

Will see in the next session what happens...

Commentaire:

If price breaks the trendline and retest will enter long.

Commentaire:

Price breaks the trendline and gives us retest ..enters in short side.

Commentaire:

Broken the trendline and retested.

Transaction en cours

Commentaire:

Maintain strict sl...if sl hits a long move may observed...safe guys.

Trade fermée: ordre d’arrêt atteint:

Stoploss done...will see in the next session.