BANKNIFTY--Consolidation or Bullish??
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If price consolidation happens below 43560 to 43400 levels chance of breakdown happens below 43400 levels...On topside we have a bearish gap left at 44200 levels...keep in long side as long as price is above the 43600 levels....
Nota
Exactly opens below the smaller trendline...no sign of bearishness wait for the price to break and retest 43600 levels...Nota
otherwise it will breaks to topside...Nota
no long side view....Nota
If consolidation happens above 43640 zone then only long....Nota
Keep book your shorts....price may change its direction...Nota
no long side view immediately....
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