BANKNIFTY--Expiry Bullish or Bearish??
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After a strong move to the upside sellers pushed the price immediately downwards with strong bearish pressure..
today again sellers tried to move the price downwards and failed..
buyers taken the price again upside...
one more interesting point is price is exactly closed Previous ATH level.
from this level previously a strong selloff is observed...
if sellers want to take the price down...this is the place they will try to push it down.
so if tomorrow again price opens here...they definitely push down again.
We may observe a gap down as well...if its a bearish sign.
After a strong push to downwards, sellers failed again to take it downside.., means a sign of weakness in bearishness leads to bullish again...
If tomorrow again price push downwards from New ATH, the area of value again push the price up...
if old ATH is also push the price downside...we observe a trending bearish expiry.
if price rejects from New ATH, and old ATH gives us support price is a bullish again.. and expiry is bullish.
All this is pre and post market analysis..live market is entirely different from this.
so will see what happens in live market.
today again sellers tried to move the price downwards and failed..
buyers taken the price again upside...
one more interesting point is price is exactly closed Previous ATH level.
from this level previously a strong selloff is observed...
if sellers want to take the price down...this is the place they will try to push it down.
so if tomorrow again price opens here...they definitely push down again.
We may observe a gap down as well...if its a bearish sign.
After a strong push to downwards, sellers failed again to take it downside.., means a sign of weakness in bearishness leads to bullish again...
If tomorrow again price push downwards from New ATH, the area of value again push the price up...
if old ATH is also push the price downside...we observe a trending bearish expiry.
if price rejects from New ATH, and old ATH gives us support price is a bullish again.. and expiry is bullish.
All this is pre and post market analysis..live market is entirely different from this.
so will see what happens in live market.
Nota
price is at Resistance....wait for the breakout or breakdownNota
Nota
price is now at Previous ATH...lets wait it will give support or breaks.Nota
Don't go for immediate buy side...it may test Resistance again and comes back...or it may test bottom demand and moves again up to ATH
Nota
if we see volume on these candle at Previous ATH its low.....Nota
careful guys...its now in complete range...Nota
Keep in long side....no sign of bearishnessNota
don't initiate an fresh longs....All longs may be exited here....keep safe..Trade chiuso: obiettivo raggiunto
Nota
Now this is the time to look for Sell side oppurtunity.Nota
will look for sell side...until price breaks trendline and tested the demand...not able to go upside ...rejection from trendline or Old ATH....then only..sell side.Nota
Nota
Pivot points helped today...Nota
Fibo target is also...near will seeNota
Good Move up to Target4Nota
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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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