BANKNIFTY-- Bearish channel Breakout ??

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price is exactly closed in the resistance zone again.
Broken the trendline strongly...
broken the bearish channel strongly.
Today after showing strong bearish momentum price showing strong bullishness, finally closed at resistance zone.
price is now above the bearish channel...
if this resistance zone,resist the price to go up it will fall upto the bearish channel.
If price falls below the bearish channel again...
price again chance of falling downside.
Previous resistances, gives support price is bullish again and will break 45100 levels soon.
Consolidation may happens, before going to break the resistance.
will see what happens in the next session.
Anmerkung
don't go for long.
Anmerkung
we will buy at discounted price.
Anmerkung
Go long...hen break and retest..until keep in short side.
Snapshot
Anmerkung
If price breaks and retest will go for short side...with small SL.
Snapshot
Anmerkung
Targets are previous resistances.. on trendline 44780 and 44670
Snapshot
Anmerkung
Enter short...when trendline fails to push the price up.
Snapshot
Anmerkung
previously the 44800-44850 zone is stronger...thats why it will not allow the price to goes down.
Anmerkung
wait for rally base rally or reversal with retracement.
Snapshot
Anmerkung
end of bullishness ...
Anmerkung
keep safe...
Anmerkung
Price gives us discount...wait for short
Anmerkung
don't go short...price may again break high.
Anmerkung
Keep an eye 45300
Anmerkung
All longs going to windup...
Anmerkung
Keep safe guys.....
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