BANKNIFTY Analysis
Updated
observations::
price again proven that a sign of bearishness....
Price broken our POI for sell,moving slowly to the upside...
broken the trendline..in smaller time frame and fall back...no oppurtunity to enter long...
today we have a major trendline if this trendline again acts as resistance...it will again fall back..
the big red candle is pushing the price little up...
An decending triangle is formed....which is also a sign of bullishness from the previous resistance level...
without knowing we cannot take entry on buy side...
will wait for trendline break and retest....to go long from resistance acts as support.
price again proven that a sign of bearishness....
Price broken our POI for sell,moving slowly to the upside...
broken the trendline..in smaller time frame and fall back...no oppurtunity to enter long...
today we have a major trendline if this trendline again acts as resistance...it will again fall back..
the big red candle is pushing the price little up...
An decending triangle is formed....which is also a sign of bullishness from the previous resistance level...
without knowing we cannot take entry on buy side...
will wait for trendline break and retest....to go long from resistance acts as support.
Comment
key levels to watch...if tomorrow price again breaks 45000 level...on retest from above supply will go for buying up to bearish gap.Comment
Comment
Comment
don't enter long..without confirmation....it will test the resistance...that red candle is rejecting...Comment
gap may acts as resistance...Comment
until don't go for short...price has to break the trendline...and retest...
Comment
price created a channel...wait for breakout or breakdown....Comment
price is at our POI for sell....Comment
Comment
if they want to eliminate all sellers...price will test 45000 zone again.Comment
going long is tough....after break of trendline and retest..Comment
Don't worry those who missed today...will get an opportunity tomorrow.Comment
Exit few quantity....Trade closed manually
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