BANKNIFTY--Retest and Rise ??

Observations::
price a strong fall is witnessed today as well...
noticed that fall happens after a consolidation...
if consolidation + Downside =Up...may be possible...
we are still left with the bullish gap left below @previous resistance..
if this previous resistance will acts as support or not,
we have a trendline confirmation as well to go long...
wait until price breaks the trendline and retest to enter long.
If a continuous fall happens...enter break of the previous resistance and retest of strong resistance.

Kommentera:

consolidation to downside is observed...

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price is exactly opens below...resistance zone...wait before enters in long position...

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if price fills the bearish gap look for sell here...

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price is at the trendline and resistance...

Handel aktiv:

small target

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If stop loss hits...will do reverse trading...up to the bullish gap finished...

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this is a strong zone....if breaks...up side movement...not able to move up, downside movement...

Trade stängt: målet nått:

keep in trade...exit few at entry.

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now price is at our poi for sell...long entry done...

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If price consolidates and comes down...
bottom side demand zone fails to take the price up..i will wait for the price to break...then will go for short entry...until keep on buy side.

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price broken our demand...if the trendline acts as support..price will rise fastly....

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On bottom side..we have trendline support.... pls wait before short.

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At trendline....if fails and retest will go for short entry.

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i am ready for sell side....

Handel aktiv:

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exit few at bullish gap...remaining below bullish gap or entry point.

Trade stängt: målet nått:

target 1 is done

Trade stängt: målet nått:

target 2 is reached.