BANKNIFTY-- Double Top Formed??
Atualizado
Bank nifty Index has formed a double top
price has formed a double top, with a break of demand and price is retraced back to fall again.
If price wants to fall from strong resistance area,
tomorrow price will again test the strong resistance at 45900 level.keep on buyside until this area.
we have a bearish Gap and Strong resistance.
Until price fills these we can't be on bearish side...
we have a trendline confirmation as well...price has taken the support from trendline multiple times, until price breaks the trendline and retest don't go for short side...
price has formed a double top, with a break of demand and price is retraced back to fall again.
If price wants to fall from strong resistance area,
tomorrow price will again test the strong resistance at 45900 level.keep on buyside until this area.
we have a bearish Gap and Strong resistance.
Until price fills these we can't be on bearish side...
we have a trendline confirmation as well...price has taken the support from trendline multiple times, until price breaks the trendline and retest don't go for short side...
Nota
Double top and Head and Shoulders pattern all these are indicating that a sign of reversals, in banknifty.Nota
will see what happens tomorrow.Nota
Don't go for short side, wait it may go higher, without confirmation don't initiate a short trade.Nota
until trendline breaks and retest don't go for short side.Nota
until trendline breaks and retest of trendline...no short entry.if breaks and retest will look for short.
until then keep watch.
Nota
now at trendline will see it breaks or rise.Nota
Gap filled....be care full.Nota
if price again breaks will go for short side...keeping Sl near trendline.Nota
broken and retest is done.Trade ativo
Nota
safe traders wait for break below....Nota
it is a risky trade....a continuous fall trade...may stop loss hit...keep safe.Nota
Strict to SLNota
Nota
this is the place...they can take the price much higher....Nota
I am changing my Sl to Entry point.Nota
safe ones book Trade fechado: objetivo atingido
Nota
keep safe....Nota
price broken the trendline on opposit side...Nota
Risk ones enter longTrade ativo
Nota
Trade fechado: stop atingido
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Also share your thoughts in the comments section.
Thanks for your Support **
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