BANKNIFTY--Breakout or Breakdown??
Updated
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.
Comment
Enter on bullish side...only break of trendline retest...fake out is also possible.Comment
exactly opens in Supply zone...don't go for long...immediately...Comment
yesterday zone may again push the price towards gap up area...wait before long...Comment
Short side done...up to Gap up finished.Comment
Now will look for buy side...Comment
If price breaks yesteday's low....on pull back enter again for short.Comment
Comment
Still trading in range...no sign of bullishness...Trade closed: target reached
Until previous day low done...keep in the trade...
Comment
those who don't take entry...you can enter here...Comment
Safe one's Exit....risk one's target...Comment
2nd trade target 1 reahed.Comment
change you stoploss to entry point.Trade closed: target reached
2nd trade closed...Comment
keep turning the 1st trade until entry point...Comment
Risky one's keep until the next target Comment
Now we can see some volatality....Comment
Price is again rejected from trendline...again fall happens or Will break the trendline.Comment
I am giving you the 3rd trade...if price again breaks this ....by keeping Sl above the trendline .Trade closed: target reached
3rd trade 1st target reached.Comment
Safe traders exit...safelyTrade closed: target reached
2nd target reached.Comment
finally safely landed at demand zone.Comment
keep in the trade for final target.Comment
if price breaks the trendline and gives retest..will go for short again.Comment
price broken the trendline....waiting for retest will see what happens tomorrow.
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