BANKNIFTY--Breakout or Breakdown??

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.

Commentaire:

Enter on bullish side...only break of trendline retest...fake out is also possible.

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exactly opens in Supply zone...don't go for long...immediately...

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yesterday zone may again push the price towards gap up area...wait before long...

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Short side done...up to Gap up finished.

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Now will look for buy side...

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If price breaks yesteday's low....on pull back enter again for short.

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Still trading in range...no sign of bullishness...

Trade fermée: cible de profit atteinte:

Until previous day low done...
keep in the trade...

Commentaire:

those who don't take entry...you can enter here...

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Safe one's Exit....risk one's target...

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2nd trade target 1 reahed.

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change you stoploss to entry point.

Trade fermée: cible de profit atteinte:

2nd trade closed...

Commentaire:

keep turning the 1st trade until entry point...

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Risky one's keep until the next target

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Now we can see some volatality....

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Price is again rejected from trendline...again fall happens or Will break the trendline.

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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.

Commentaire:

Safe traders exit...safely

Trade fermée: cible de profit atteinte:

2nd target reached.

Commentaire:

finally safely landed at demand zone.

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keep in the trade for final target.

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if price breaks the trendline and gives retest..will go for short again.

Commentaire:

price broken the trendline....waiting for retest will see what happens tomorrow.