BANKNIFTY--Trendline Breaks ??
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Price opens gap up above the trendline, and failed to take the help of trendline.
sellers are aggressively taken the price towards demand zone.
Reached our targets on bottom side up to demand zone.
now interesting point is,
price exactly closed at the previous supply zone, where previously a strong sell off is observed.
If price wants to go downside, this is the place to take it downside...as already discussed earlier.
we will go for buying only if trendline acts as support, we will initiate a long entry...
if demand breaks and gives us pullback will enter on short side, with small stop loss.
In smaller time frame, price broken the trendline and closed below it.
will see what happens tomorrow in live.
sellers are aggressively taken the price towards demand zone.
Reached our targets on bottom side up to demand zone.
now interesting point is,
price exactly closed at the previous supply zone, where previously a strong sell off is observed.
If price wants to go downside, this is the place to take it downside...as already discussed earlier.
we will go for buying only if trendline acts as support, we will initiate a long entry...
if demand breaks and gives us pullback will enter on short side, with small stop loss.
In smaller time frame, price broken the trendline and closed below it.
will see what happens tomorrow in live.
Nota
Price exactly opnes in supply zone...Don't go for short...It may goes up...voilation of trendline...will look for buying...
Nota
will go for long again if breaks above.Nota
Nota
Safe traders take the entry, break and retest....Double confirmation.Nota
If anybody wants to exit...exit if trendline breaks. safe one'sNota
Reason for keep in the trade is broken trendline...Nota
will see what happens.Nota
Keep an eye on this zone 45925...yesterday strong sell off happens.Nota
Safe one's exit from long....this zone pushes the price down...Nota
I am in long...Target or stoploss.Nota
I am changing my SL to, swing low...no momentum Nota
price is still in a range.Trade chiuso: obiettivo raggiunto
Target1 done....not giving much due to volatality and decay...Nota
Changing my Sl to 45900., reducing risk to small.Nota
buyers are eliminated by each move...Trade chiuso manualmente
I exited from the trade....not moving much.Trade chiuso: obiettivo raggiunto
Before selling pressure comes...its better to to exit.Nota
In that demand...Bulls may be windup thier positions or initiate thier positions don't know.wait before sell.Nota
look for sell only when..price falls below...channel and retested..until no short.
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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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