Nifty Bank IndexAtualizado BANKNIFTY--43600 or 44800.
The Bank nifty index opens negative and continue downwards....it is a continuous fall...
today price opens gap down and fills the gap....no sign of bullishness.....
If we consider this as Gap down + strong fall as exhaustion of sellers...
From tomorrow on wards price is bullish.
we can also think that, it's a continuous bearish as it opened down and filled the gap...and may continues to downwards further....
Still it is in confusion for buyers...as it is still in bearish...No sign of bullishness...
If it is a continuous bullishness...we will enter in a retracement.
If fake out happens @43800 levels will enter again long for targets of 44800 levels.
Take care guys....
today price opens gap down and fills the gap....no sign of bullishness.....
If we consider this as Gap down + strong fall as exhaustion of sellers...
From tomorrow on wards price is bullish.
we can also think that, it's a continuous bearish as it opened down and filled the gap...and may continues to downwards further....
Still it is in confusion for buyers...as it is still in bearish...No sign of bullishness...
If it is a continuous bullishness...we will enter in a retracement.
If fake out happens @43800 levels will enter again long for targets of 44800 levels.
Take care guys....
Nota
If today's Gap up is an exhaustion of buyers , then price will breaks all the bottom levels....Nota
Bearishness continue to bottom levels.Nota
so tomorrow also the gap is an important factor for continuation to bullish or reversal to bearish.Nota
Don't go for short side....Look for long side....price may break the 44200 level.
As long as price is above the 43700-43800... be on the bullish side....
if you want to go short wait for the price to break 43600 and gives us pullback...until don't think of short side.
Nota
Safe ones exit from long....Nota
Risk ones trail for next target of 44430, where previously fake breakout is happened.Nota
Exited all longs....
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**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.