IIT-Trader

BANKNIFTY--Trading in a channel??

IIT-Trader Updated   
NSE:BANKNIFTY   Nifty Bank Index
Bank nifty is trading in a channel
if the bottom channel failed to push the price upside...
fall will happens below 46500 levels...either by consolidation or strong bearish momentum
More liquidity lies below this levels...
keep safe....wait until the price breaks the channel for bearishness...
Comment:
Important zone of resistance...wait before going long...
Comment:
Exactly at the channel bottom...
on topside may be its a double top...we have to wait for fully bearish sign.
Comment:
Price broken the Channel...but failed to close below it...
if tomorrow price is again comes back to the topside and consolidates...it will continue to move upside....'careful here.

**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.