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