BANKNIFTY--Last push towards 44K or 1 left ??

Observations::
---------->> the previous supply zone clearly resisting the price to go down, witnessed buyers succeed this time to take the price to higher levels.
---------->> Hence the price is closed @43900 levels.

If tomorrow price breaks 43400 level, we will observe a strong fall towards 43000,43100 levels
---------->> we have an untested demand zone @42200 will push the price upwards again to 43400 or 43600 (this will resist the price to upside again) gives pullback.
---------->> Be careful at 43000-43100 levels.
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consolidation + up move = fall again ,if price opens ((or falls)) below 43600 levels, look for sell opportunity at 43400 to 43600 levels.

Commentaire:

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Taken the support from demand zone and moved up again.

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now if price failed to close above the previous higher level and falls below demand look for sell .

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Previous levels, if price breaks 44080 level, there is no stronger level to to resist the price. price completely bullish. careful here.

Commentaire:

Manipulation happens here

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can we expect a supply zone

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Observations:
Buyers are decreasing from hour to hour while reaching the Resistance Zone, is this a sign of reversal or will buyers take the price above resistance zone.

Commentaire:

if demand flips, becomes Supply

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wait for the break of Demand zone

Commentaire:

price has to leave a supply zone 44120 level and breaks demand zone then only sell at @demand or Supply.

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Commentaire:

wait for breakout