BANKNIFTY--Bearish Turn or Bullish ??

Observations::
---------->>Price opened gap up and observed a strong fall with consolidation.
---------->> the previous supply zone clearly resisting the price to go down, witnessed buyers failed to take the price to higher levels.
---------->> Hence the price is still closed in the range of 43600-43400.
If tomorrow price breaks this level, we will observe a strong fall towards 43000,43100 levels, if price again breaks 43000 levels, 42850 level acts as a pullback to 43000-43100 level, at this level previously strong sell off is observed, here(43000-43100) if again strong push to the down side happens price falls below 42850,up to 42400 levels.
---------->> we have an untested demand zone @42400 will push the price upwards again.
---------->> Be careful at 43000-43100 and 42500-42400 levels.

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consolidation + gap = fall again ,if price opens above 43600 levels, look for sell opportunity at 43800-43900 levels.

Comment:

Drop -base-drop

Comment:

In consolidation look for smaller targets

Comment:

consolidation + up = Sell side on trendline break.