BANKNIFTY--U turn to Bullish ??

The banknifty index is again showing a strong fall...with an equal rise.....
this strong fall indicates the exhaustion of selling pressure...
or is still there is some more bearishness ahead,in the end bulls successfully taken the price towards upside...
if this indicates exhaustion of buyers, after a strong selling pressure is observed or an initiation of bullishness.

we are still in confusion...we cannot predict the direction of bank nifty still....

If this fall is end of bearishness from tomorrow on wards price will go higher levels.
If this is again a beginning will see some more fall in bank nifty index.
So if it is bullish, when to enter in a trade...
after this strong rise if tomorrow it gives us any discount will enter in long side again.
tomorrow again will see a consolidation or strong break above 45100 levels..

will see in the next session what happens...

Comment:

Don't go short....Wait

Comment:

wait for bullish....

Comment:

Risk one enter long

Trade active

Comment:

too much volatality...

Comment:

keep safe...

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Careful guys...

Comment:

exit few at target 1

Comment:

change your Sl to below the zone...

Comment:

Trade closed: target reached:

Target 1 done...

Comment:

price may breaks 45100 levels...keep safe...
Sl is must...
risk one change your sl to below the zone of right shoulder.

Comment:

now price is at yesterday strong fall area, may pushes down..keep safe..

Comment:

An elimination move....

Comment:

price broken the trendline if it will not acts as resistance will again be on long side...

Comment:

Comment:

price is rejecting the bearish view...wait for bullish

Comment:

enter on short side...if price breaks..below..keep targets 1: 1

Comment:

Comment:

Missed the target by few points...

Trade closed manually