BANKNIFTY--Liquidity lies @43400 ??

2023年8月12日

If case 2 happens, and the strong support @43800 push the price upside...
or price breaks the 43800 and also breaks the 43400 levels...

The result of case 2 is a formation of Head....
the 45100 level acts as Neckline...
the level @44300 is a left shoulder....
the neckline again pushes the price downside to form a right shoulder...

If price failed to break the neckline or price failed to create a right shoulder,
all these indications belongs to more fall in Bank nifty....

The same fall will continues up to 42800 levels. Until keep on sell side...

The chances of Gap down is observed at 45100-44900 level...as every one is ready to look for calls...
(Thinks this time price breaks 45100 level) so don't go for buy or short without confirmation.
at this level do not carry any positions...

Plan A::
Bullish from 43800 levels or (after break of 43400 levels).. to 45100 levels Or 44900 level.

Plan B::

Short side from 45000 levels to Right Shoulder....
here will check right shoulder forms are fall continuation....
(The manipulation area @ Right shoulder)

Plan C::
Short side Continuation from 45000 levels to below Right shoulder, up to 42800-42600 levels.

This month end will manipulate, looks like bullish above 45000 levels, but it is more bearish from the same level up to 42800 levels....

next month from Bearish to consolidation and then bullish...
Keep safe.....

Rare Case ::Plan D ::
Break of Neckline and reaches to 46000 levels.
No chance of Plan D as clears the liquidity below 43400 levels and test of 42800 levels is required...

Note ::
I am not available for Next 1 or 2 weeks so giving much information...
Take care Guys...
If available will try to do some analysis...
Thanks guys for your support....

2023年8月24日

注释

Now price is near to right shoulder...Keep safe...