BANKNIFTY--Bullish Gap be filled??
Updated
Observations::
Price action is completely bullish...
a strong bullishness is observed from the 44900 level, even after opening gapup.
tomorrow this level is resist the price to godown again...
if consolidation happens at this level,
we can expect an upside movement after filling the gap below to above levels.
on top we observed a consolidation + plus strong bullish,
with an immediate fall is observed from 45500 level, if this level acts as resistance we will observe some correction...
its not a sign of reversal...keep in mind.
one more gap is left @44400 level also.
Will see in live market what happens....
All these are our assumptions only.....
live market is entirely different from the pre market analysis.
Price action is completely bullish...
a strong bullishness is observed from the 44900 level, even after opening gapup.
tomorrow this level is resist the price to godown again...
if consolidation happens at this level,
we can expect an upside movement after filling the gap below to above levels.
on top we observed a consolidation + plus strong bullish,
with an immediate fall is observed from 45500 level, if this level acts as resistance we will observe some correction...
its not a sign of reversal...keep in mind.
one more gap is left @44400 level also.
Will see in live market what happens....
All these are our assumptions only.....
live market is entirely different from the pre market analysis.
Comment
Price is at our POI...demand acts as supply...need some confirmation..Comment
If again price rejected by previous resistance then will go for short...Comment
If price breaks today low and retest will enter on short ...Comment
price starts consolidation if it will test 45400 level will go for shortComment
If no response @45400, fake out will be done at this level....to eliminate early sellers...look at 45600 zone as well...Comment
Comment
After consolidation price is coming down...you have to look at demands and supply zones...below and above...Comment
bottom side demand has to be break...and retest ..we can't decide further action ...need to wait..Comment
if price is not able to break below...if breaks above will be on buy side..upto 45360-45400 level...Comment
price opens gap down....lets wait for the price to break below 45000 and sell on retrace for the target of bullish gap. until don't go for short.. ass it is in uptrend in higher time frames...at any time may reverseComment
Comment
Comment
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