BANKNIFTY--Breakout or Breakdown??
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Price is continuously rejected to the upside from 45900 zone....
but failed to move upside...
if price breaks and retest will go for upside...
if price breaks below,45900 level, we will look for buy side in the demand zone @45600 level..
tomorrow also price mostly in a range...if falls below 45900.
bottom demand pushes the price up...multiple rejection area will pushes the price down..
we have a bullish gap left behind the demand zone...keep an eye on these levels.
until price breaks these we cannot say anything further momentum.
so tomorrow mostly price is in consolidation...between the demand and HH, if falls below 45900
If price breaks the trendline and gives us retest will go for buying...up to the ATH Level.
will see what happens tomorrow...in live market.
but failed to move upside...
if price breaks and retest will go for upside...
if price breaks below,45900 level, we will look for buy side in the demand zone @45600 level..
tomorrow also price mostly in a range...if falls below 45900.
bottom demand pushes the price up...multiple rejection area will pushes the price down..
we have a bullish gap left behind the demand zone...keep an eye on these levels.
until price breaks these we cannot say anything further momentum.
so tomorrow mostly price is in consolidation...between the demand and HH, if falls below 45900
If price breaks the trendline and gives us retest will go for buying...up to the ATH Level.
will see what happens tomorrow...in live market.
Nota
Enter on bullish side...only break of trendline retest...fake out is also possible.Nota
exactly opens in Supply zone...don't go for long...immediately...Nota
yesterday zone may again push the price towards gap up area...wait before long...Nota
Short side done...up to Gap up finished.Nota
Now will look for buy side...Nota
If price breaks yesteday's low....on pull back enter again for short.Nota
Nota
Still trading in range...no sign of bullishness...Trade chiuso: obiettivo raggiunto
Until previous day low done...keep in the trade...
Nota
those who don't take entry...you can enter here...Nota
Safe one's Exit....risk one's target...Nota
2nd trade target 1 reahed.Nota
change you stoploss to entry point.Trade chiuso: obiettivo raggiunto
2nd trade closed...Nota
keep turning the 1st trade until entry point...Nota
Risky one's keep until the next target Nota
Now we can see some volatality....Nota
Price is again rejected from trendline...again fall happens or Will break the trendline.Nota
I am giving you the 3rd trade...if price again breaks this ....by keeping Sl above the trendline .Trade chiuso: obiettivo raggiunto
3rd trade 1st target reached.Nota
Safe traders exit...safelyTrade chiuso: obiettivo raggiunto
2nd target reached.Nota
finally safely landed at demand zone.Nota
keep in the trade for final target.Nota
if price breaks the trendline and gives retest..will go for short again.Nota
price broken the trendline....waiting for retest will see what happens tomorrow.
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Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
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