BANKNIFTY--Breakout or Breakdown??
Uppdaterad
Price is continuously rejected to the upside from 45900 zone....
but failed to move upside...
if price breaks and retest will go for upside...
if price breaks below,45900 level, we will look for buy side in the demand zone @45600 level..
tomorrow also price mostly in a range...if falls below 45900.
bottom demand pushes the price up...multiple rejection area will pushes the price down..
we have a bullish gap left behind the demand zone...keep an eye on these levels.
until price breaks these we cannot say anything further momentum.
so tomorrow mostly price is in consolidation...between the demand and HH, if falls below 45900
If price breaks the trendline and gives us retest will go for buying...up to the ATH Level.
will see what happens tomorrow...in live market.
but failed to move upside...
if price breaks and retest will go for upside...
if price breaks below,45900 level, we will look for buy side in the demand zone @45600 level..
tomorrow also price mostly in a range...if falls below 45900.
bottom demand pushes the price up...multiple rejection area will pushes the price down..
we have a bullish gap left behind the demand zone...keep an eye on these levels.
until price breaks these we cannot say anything further momentum.
so tomorrow mostly price is in consolidation...between the demand and HH, if falls below 45900
If price breaks the trendline and gives us retest will go for buying...up to the ATH Level.
will see what happens tomorrow...in live market.
Kommentera
Enter on bullish side...only break of trendline retest...fake out is also possible.Kommentera
exactly opens in Supply zone...don't go for long...immediately...Kommentera
yesterday zone may again push the price towards gap up area...wait before long...Kommentera
Short side done...up to Gap up finished.Kommentera
Now will look for buy side...Kommentera
If price breaks yesteday's low....on pull back enter again for short.Kommentera
Kommentera
Still trading in range...no sign of bullishness...Trade stängt: målet nått
Until previous day low done...keep in the trade...
Kommentera
those who don't take entry...you can enter here...Kommentera
Safe one's Exit....risk one's target...Kommentera
2nd trade target 1 reahed.Kommentera
change you stoploss to entry point.Trade stängt: målet nått
2nd trade closed...Kommentera
keep turning the 1st trade until entry point...Kommentera
Risky one's keep until the next target Kommentera
Now we can see some volatality....Kommentera
Price is again rejected from trendline...again fall happens or Will break the trendline.Kommentera
I am giving you the 3rd trade...if price again breaks this ....by keeping Sl above the trendline .Trade stängt: målet nått
3rd trade 1st target reached.Kommentera
Safe traders exit...safelyTrade stängt: målet nått
2nd target reached.Kommentera
finally safely landed at demand zone.Kommentera
keep in the trade for final target.Kommentera
if price breaks the trendline and gives retest..will go for short again.Kommentera
price broken the trendline....waiting for retest will see what happens tomorrow.
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Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
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