BANKNIFTY--Will Right shoulder formed to fill Bullish Gap??
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Observations::
previous resistance zone @45300-45350,is again an hurdle to move the price upside,
the demand zone @45450 again resisting the price to go up.
we don't get any sell opportunity today...price wont breaks the 45000 level.
now price is near to its trendline in smaller time frames..
if that breaks and retest will enter on short side by keeping the stop loss above 45300-45350 zone, for targets of bullish gap left below.
Previous strong buy ness from 45000 level becomes weak, price is slowly moving to test the demand acts as supply one more time.
will see tomorrow if price breaks the trendline, and gives retest will enter on short side..
previous resistance zone @45300-45350,is again an hurdle to move the price upside,
the demand zone @45450 again resisting the price to go up.
we don't get any sell opportunity today...price wont breaks the 45000 level.
now price is near to its trendline in smaller time frames..
if that breaks and retest will enter on short side by keeping the stop loss above 45300-45350 zone, for targets of bullish gap left below.
Previous strong buy ness from 45000 level becomes weak, price is slowly moving to test the demand acts as supply one more time.
will see tomorrow if price breaks the trendline, and gives retest will enter on short side..
Nota
the demand zone @45200 has to fail...and retest.Nota
broken the trendline...waiting for entry..Nota
Nota
Nota
Exit few quantity....remaining until gap finished...Nota
Nota
reason is we are in hidden demand zone.Nota
price starts consolidation....more advantage..Nota
If they want to eliminate sell side liquidity....they will do this..Nota
still momentum is not over....Nota
price is ranging...Nota
Still in the range...Nota
Nota
now again price is our POI for short....wait for confirmationNota
price broken our POI area strongly...failed to move upside...Nota
Finally Head and shoulders pattern Done...
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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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