BANKNIFTY--Will ATH Breaks ??
Updated
BANKNIFTY::
A Flag and Pole pattern...is observed
---->>price is clearly broken the channel and showing us bullish momentum.
we will also enter in long, achieved all targets.
if this momentum is continues or any breakdown will happens again.
if breakdown happens at which level this can be possible...
if we see the chart the price is constantly rejected by this level @45000-45200 that's broken.
after finishing the gap on upside,
price will again test the ATH and falls or continues its momentum towards upside.
If price tested ATH, we need a strong support to be expected from this level...@45000-45200 level to go for long.
because multiple times it acts as a resistance, if resistance becomes support we will observe a bullish momentum above ATH.
But ATH is strong so if price failed to acts as support @45200,price falls below, a strong bearish momentum can be happens.
will see what happens Tomorrow.
Thank you guys for your support.
A Flag and Pole pattern...is observed
---->>price is clearly broken the channel and showing us bullish momentum.
we will also enter in long, achieved all targets.
if this momentum is continues or any breakdown will happens again.
if breakdown happens at which level this can be possible...
if we see the chart the price is constantly rejected by this level @45000-45200 that's broken.
after finishing the gap on upside,
price will again test the ATH and falls or continues its momentum towards upside.
If price tested ATH, we need a strong support to be expected from this level...@45000-45200 level to go for long.
because multiple times it acts as a resistance, if resistance becomes support we will observe a bullish momentum above ATH.
But ATH is strong so if price failed to acts as support @45200,price falls below, a strong bearish momentum can be happens.
will see what happens Tomorrow.
Thank you guys for your support.
Note
Price opened above previous ATH...do not initiate any fresh trades.Note
all longs may be exited....Note
Trading Above ATH is risky....will see what happens.price broken R1 retested if this break above will be on buyside...Note
no entry....price reversed...from R1.Note
can we enter short...Note
will see today pivot points will work After ATH ??Trade active
Note
Risk involved ...safe traders pls avoid.Note
If pivot points work ....I no need to analyse my trades....by spending more time on chart...Note
After our entry point...price is exactly reversed...will see what happens...Note
can any one identified small blackline..why price is exactly reversed from that line...
.i.e the previous ATH level....
Note
Price rejection confirmed from R1... but on bottom side we have ATH...it has to help to push it more down...Note
the previous resistance is rejecting the price upwords...Note
If ATH again resist to go up more fall happens...careful guys...Note
Safe traders can exit here....risky ones up to the Pivot point.Note
this is a risky trade....on put side...after a strong bullish momentum price is giving us pullback or retracement to enter long...wait for long side...
Note
Price is now at very important zone....Trade closed manually
I am exiting few positions...i am waiting for long in this zone...keeping puts Sl at New ATH.
Note
two back to back zones....again take the price to upper levels....Note
we can enter long with small risk..Note
price is coming to our entry point...waitNote
liquidity is below our entry keep safe....it will manipulate and moves....
2 back to back zones....
Note
price is in tight consolidation.....breakout or breakdown happens.Trade active
long side....Note
I am with hedge.....mng put is still on...keep safe...Trade closed manually
no momentum....will see tomorrow what happens....
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