BANKNIFTY--Gap up or Gap down ??
Updated
Observations::
price broken the trendline strongly, but failed to take the support and falls below to complete the bullish gap.
if today's gap up is created by the buyers telling us buy at this place or its a bull trap.
on top we are left with the bearish gap...how this gap be filled...
every time the price is rejected by the level @45000-45100,
so if price breaks this level we can observe a bearish gap be filled...
but this can be achieving by a slow process with a strong breakout at that level.
price slowly comes to this level while breaking that level a strong bullishness is observed...so careful at that level...
on bottom side we have a bullish gap left...will see what happens tomorrow in live market...
All this is a pre and post market analysis...we can't tell what happens at each and every level...
based on the reactions at that particular level only our entry will be placed.
so by breaking the resistance or support don't take entry quickly...
wait it will come back and then take entry with small risk...
please be patient...be with the market...follow the trend...
market always gives us discount...
price broken the trendline strongly, but failed to take the support and falls below to complete the bullish gap.
if today's gap up is created by the buyers telling us buy at this place or its a bull trap.
on top we are left with the bearish gap...how this gap be filled...
every time the price is rejected by the level @45000-45100,
so if price breaks this level we can observe a bearish gap be filled...
but this can be achieving by a slow process with a strong breakout at that level.
price slowly comes to this level while breaking that level a strong bullishness is observed...so careful at that level...
on bottom side we have a bullish gap left...will see what happens tomorrow in live market...
All this is a pre and post market analysis...we can't tell what happens at each and every level...
based on the reactions at that particular level only our entry will be placed.
so by breaking the resistance or support don't take entry quickly...
wait it will come back and then take entry with small risk...
please be patient...be with the market...follow the trend...
market always gives us discount...
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Careful at previous ATH level....Comment
trendline is again rejected....and falling...Comment
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Price breaks the trendline and gives retest will be on buy side...watch carefully
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price consolidates and gives us breakdown...looking for buy side...on break of this area and retest...combinational area trendline and consolidation area of valueComment
.small time frame trendline broken...retest...look for sell...mostly in consolidation.Comment
44600 will break or trendline will break...tight consolidation...Range expanding....
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Target or Stop lossTrade closed: target reached
keep your 1st target to 44550,rest trail themComment
consolidation to downside up side is possible...Comment
price is also moved like Chandrayan-3Comment
price is successfully broken the trendline....will looking for buy oppurtunity tomorrow...based on the price opening...
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