BANKNIFTY--Retracement or Fall ??

Price broken the strong demand zone by opening gapdown,
and starts consolidation immediately...at the end it tested the demand again.
price exactly closed by testing the demand zone, if price wants to fall continuously, tomorrow again it opens down and fall to below levels.
if price wants to give some retracement, it will again test the previous ATH level...
where previously strong fall happens....

If tomorrow price opens below levels, will look for long in this place...
previously multiple times price got rejected from this level.
may acts as support....keep track this levels....

Today we will not get any entries on any side...it is in consolidation range, till the end.
will see in the next session what happens.

Commentaire:

Price opened gap up....dont be on short side...keep looking for long entry...

Commentaire:

If price eliminates all the buyers once again...then it will go up ...price will give us retracement.

Commentaire:

Enter long...if price again breaks.

Commentaire:

price breaks and retest also...enter in long trade.

Transaction en cours

Commentaire:

Commentaire:

risk ones change stoploss to entry point...

Trade fermée: cible de profit atteinte:

Target 1 done

Commentaire:

keep in long....don't exit.

Commentaire:

safe ones exit....

Trade fermée: cible de profit atteinte:

2nd target done

Commentaire:

price is at trendline

Trade fermée manuellement

Commentaire:

Will see what happens in the next session.