IIT-Trader

BANKNIFTY--Trendline Resistance??

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NSE:BANKNIFTY   Nifty Bank Index
If price breaks the trendline and gives us retracement will be on buyside...
if failed to acts as support, Will again short below the trendline to bottom levels.
we have next resistance @44800 and 44950 levels...
will see what happens in the next session.
Komen:
Don't go long side....wait for short side.
Komen:
44520-44560 is good for short side...wait until it rejects.
Komen:
If this is a bullish initiation move price will go upside...
If it is as exhaustion move it will go down...
Komen:
No continuation move...
Komen:
Don't go for short side...wait for small stoploss...now SL is too big
if bottom zones gives pullback..will go for short.
Komen:
Risk ones enters on break but keep strict Sl
Komen:
Komen:
Keep safe....that may hit our stop loss and continue..
Komen:
safe ones exit guys....
Komen:
eliminating on both sides...
Komen:
Finally the wait is over
Komen:
Keep safe guys...to much volatality...
Komen:
Keep safe....on top side we have liquidity...
Komen:
Exit from short side if price breaks 44500.
Dagangan ditutup: sasaran tercapai:
Target 2 is done.
Komen:
Don't go for long.
Komen:
In the next session it may test this level.

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