BANKNIFTY--Gap Up or Gap Down??
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Price is rejected from the trendline again and closed exactly at the trendline...
Price is given us discount @44250 level.
if tomorrow breaks this trendline, it will not test this trendline immediately...
It will reach any one of the resistance and then come back...
If opens downside...we will wait for an up move or downside continuation...
If a gapdown occurs sellers may exit or continue to take it down...we have to wait and see what happens.
If they want to break it...price will open above and continue to move upwards..and then back to the trendline from the above resistances.
will see it in the next session.
Price is given us discount @44250 level.
if tomorrow breaks this trendline, it will not test this trendline immediately...
It will reach any one of the resistance and then come back...
If opens downside...we will wait for an up move or downside continuation...
If a gapdown occurs sellers may exit or continue to take it down...we have to wait and see what happens.
If they want to break it...price will open above and continue to move upwards..and then back to the trendline from the above resistances.
will see it in the next session.
Nota
Nota
wait for long opportunity.Nota
Enter long on break to the upside.Nota
If stoploss hits...price will reach 44100 levels...soon.Trade chiuso: obiettivo raggiunto
Exit few...Trade chiuso: obiettivo raggiunto
Nota
Don't go for short side...immediately.Nota
Wait for the price to reversal back...break on trendline and retest...Nota
It will make head and shoulders then...Nota
Be careful guys.....Nota
End of bullishness
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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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