The banknifty index is again showing a strong fall...with an equal rise.....
this strong fall indicates the exhaustion of selling pressure...
or is still there is some more bearishness ahead,in the end bulls successfully taken the price towards upside...
if this indicates exhaustion of buyers, after a strong selling pressure is observed or an initiation of bullishness.
we are still in confusion...we cannot predict the direction of bank nifty still....
If this fall is end of bearishness from tomorrow on wards price will go higher levels.
If this is again a beginning will see some more fall in bank nifty index.
So if it is bullish, when to enter in a trade...
after this strong rise if tomorrow it gives us any discount will enter in long side again.
tomorrow again will see a consolidation or strong break above 45100 levels..
will see in the next session what happens...
this strong fall indicates the exhaustion of selling pressure...
or is still there is some more bearishness ahead,in the end bulls successfully taken the price towards upside...
if this indicates exhaustion of buyers, after a strong selling pressure is observed or an initiation of bullishness.
we are still in confusion...we cannot predict the direction of bank nifty still....
If this fall is end of bearishness from tomorrow on wards price will go higher levels.
If this is again a beginning will see some more fall in bank nifty index.
So if it is bullish, when to enter in a trade...
after this strong rise if tomorrow it gives us any discount will enter in long side again.
tomorrow again will see a consolidation or strong break above 45100 levels..
will see in the next session what happens...
Note
Don't go short....WaitNote
wait for bullish....Note
Risk one enter long Trade active
Note
too much volatality...Note
keep safe...Note
Careful guys...Note
exit few at target 1Note
change your Sl to below the zone...Note
Trade closed: target reached
Target 1 done...Note
price may breaks 45100 levels...keep safe...Sl is must...
risk one change your sl to below the zone of right shoulder.
Note
now price is at yesterday strong fall area, may pushes down..keep safe..Note
An elimination move....Note
price broken the trendline if it will not acts as resistance will again be on long side...Note
Note
price is rejecting the bearish view...wait for bullishNote
enter on short side...if price breaks..below..keep targets 1: 1Note
Note
Missed the target by few points...Trade closed manually
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**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
" i am a IT-Trader "
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
" i am a IT-Trader "
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.