BANKNIFTY--Case1 or Case2 ??

18. Jan. 2024

BANKNIFTY is now at golden zone of fibonacci.
we have 2 possible cases here,
case1::
It may reverse from golden zone.
(or)
case2:: After strong bearishness today given some retracement, to enter short side continuation.
If price consolidates , price fall continue towards bullish gap on bottom side.
Keep safe here, volatility is more in this scenarios.

18. Jan. 2024

Anmerkung

Before Budget these bullish and bearish moves are common.
If price consolidates between the zones from 47000-44500 levels, after budget price gives rally to topside...
Be careful until Budget.

18. Jan. 2024

Anmerkung

18. Jan. 2024

Anmerkung

the current situation of Bank nifty is in Bullish correction phase.

19. Jan. 2024

Anmerkung

No short side

19. Jan. 2024

Anmerkung

wait for long side...break and retrace then enter long

20. Jan. 2024

Anmerkung

if there is no break above, bottom side liquidity will be finished...safe before long.

20. Jan. 2024

Anmerkung

trendline is pushing up...

23. Jan. 2024

Anmerkung

Exactly opens in the zone of resistance.. There might be some push to the top side... Later it may again fall back... Keep safe before long

23. Jan. 2024

Anmerkung

Price is exactly in the zone of support.... Keep safe before short from this level

24. Jan. 2024

Anmerkung

44150 -44200 is a good support... Keep in long side from here