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BANKNIFTY--Break @ATH or Reversal ??

---->> The index is trending upwards.
----->> until price breaks demand zone@43500-43350 level, no sign of bearishness in the BN.
----->> The demand created @ 43600 have a chance to take the price above 44200 levels, careful here short.
----->> After taking the support from these levels, price is not moving above the 44200 levels.
yesterday showing bullish pressure @43600 levels, if it will continue to move will see a new highs above
all time highs.
@ This level, sellers aggressively try to push it downwards.
If buyers failed to take above levels, causing a break below 43500-43350 levels, sellers will take advantage of it causing break of bullishness.
Consider only a short term downtrend.

------->> Fake outs may possible @44200 levels, keep track this levels.

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Nota

Consolidation + Upside = Chance of reversal

Nota

Risky trade...

Nota

No strong Sellers....thinking

Nota

manipulation happens at day high also.....keep look

Nota

If price wants to break the demand, it will break strongly, strong push may happen

Nota

if momentum is strong and a continuous fall is happens up to 42800 levels. Be cautious.
It will finish in 1 move.

Nota

Banknifty same story.....Still in range

Nota

It will break above or Below

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